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“Managing Risks” versus “Taking Risks”: Revisiting an Underestimated Distinction between Managers and Entrepreneurs

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cris.sourceIdoai:irek.ase.md:1234567890/1221
dc.creatorDîrvă, Cristian
dc.creatorDîrvă, Anda Simona
dc.date2021-03-04T12:35:48Z
dc.date2021-03-04T12:35:48Z
dc.date2019-06
dc.date.accessioned2023-11-13T10:19:58Z
dc.date.available2023-11-13T10:19:58Z
dc.descriptionDÎRVĂ, Cristian, DÎRVĂ, Anda Simona. “Managing Risks” versus “Taking Risks”: Revisiting an Underestimated Distinction between Managers and Entrepreneurs. Eastern European Journal of Regional Studies. June 2019, vol. 5, issue 1, pp. 112-124. ISSN 2537-6179; E-ISSN 1857-436X.
dc.descriptionThe catallactic functions within a firm are the same, irrespective of production scale or organization typology. That being said, an “entrepreneurial perspective” projected on inter-/multi-/transnational corporations is just as legitimate, although usually the entrepreneurial element is associated with the “small business” managed by the owner himself. The entrepreneur, having an unmistakable role in the structure of production (still marred by ambiguities in some parts of the business literature), has the same identification data, from “self-employed” (for tax purposes) to “joint stock” companies. Every enterprise has at its core the idea of human action based on resource ownership (the property function), carried out in time (the capitalist function) and subject to uncertainty (the entrepreneurial function). These functions are related to specific business projects that are managed in a monetarily calculated manner in order to acquire profits. This article revisits the basic framework of the enterprise / corporation, placing there the entrepreneurial compound, inextricably linked to risk-taking, to which managerial activity, including risk management, is a complement, not a substitute.
dc.formatapplication/pdf
dc.identifier2537-6179; 1857-436X
dc.identifierhttp://irek.ase.md:80/xmlui/handle/1234567890/1221
dc.identifier.urihttps://cris.ase.md/handle/123456789/3049
dc.languageen
dc.publisherASEM
dc.subjectentrepreneur
dc.subjectmanageri
dc.subjectenterprise
dc.subjectcorporation
dc.subjectprofit
dc.subjectloss
dc.subjectuncertainty
dc.subjectrisk
dc.title“Managing Risks” versus “Taking Risks”: Revisiting an Underestimated Distinction between Managers and Entrepreneurs
dc.typeArticle
dspace.entity.typePublication
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Facultatea Relaţii Economice Internaţionale