Operational Definition of Entrepreneur

Abstract

First problem a researcher in the field of entrepreneurship encounters is selecting an operational definition of entrepreneur. This paper attempts to fill the gap by examining five major operational definitions and documenting main concerns of researchers. Several studies in the field have used operational definitions based upon new venture creation, business ownership, small ventures, self employment and residual claimants. Each has several advantages and disadvantages in terms of coverage and focus. Depending upon the nature, scope and objectives of the study, researchers can select an operational definition out of the five.