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In this method, the term "entrepreneur" may be more carefully associated with the term "startup". Successful entrepreneurs have the capability to lead an organization in a favorable instructions by correct preparation, to adapt to changing environments and comprehend their own strengths and weakness. Historians' ranking [modify] A 2002 study of 58 company history professors provided the leading spots in American organization history to Henry Ford, followed by Costs Gates; John D.

They were followed by Sam Walton; J. P. Morgan; Alfred P. Sloan; Walt Disney; Ray Kroc; Thomas J. Watson; Alexander Graham Bell; Eli Whitney; James J. Hill; Jack Welch; Cyrus Mc, Cormick; David Packard; Costs Hewlett; Cornelius Vanderbilt; and George Westinghouse. A 1977 study of management scholars reported the leading five pioneers in management ideas were: Frederick Winslow Taylor; Chester Barnard; Frank Bunker Gilbreth Sr.; Elton Mayo; and Lillian Moller Gilbreth.

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A long tradition of academic research study checks out the experiences and techniques of ethnic entrepreneurs as they make every effort to incorporate financially into mainstream U.S. or European society. Traditional cases consist of Jewish merchants and tradespeople in big U.S. cities in the 19th and early 20th centuries in addition to Chinese and Japanese small company owners (restaurants, farmers, shop owners) on the West Coast.

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and Chinese company owners in Chinatowns throughout the United States. While entrepreneurship offers these groups many opportunities for economic advancement, self-employment and business ownership in the United States remain unevenly distributed along racial/ethnic lines. Despite many success stories of Asian entrepreneurs, a current statistical analysis of U.S. census information reveals that whites are most likely than Asians, African-Americans and Latinos to be self-employed in high status, rewarding markets.

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She points out that in modern organizations, personnels require to be integrated to much better capture and produce business chances. This Piece Covers It Well , Maggio (1988:14) has broadened this view to state that "new institutions emerge when organized actors with sufficient resources [institutional business owners] see in them a chance to realize interests that they value highly".