The Importance of Entrepreneurial Management in the Civil Construction Branch

Abstract

Abstract Entrepreneurship can be defined as a complex process through which a series of resources are mobilized in order to exploit and capitalize on business opportunities and ideas, constituting one of the most important factors that bring a big contribution to the economic growth. The whole mechanism is set in motion by an entrepreneur, represented by individuals or groups, who by assuming in the decision making, innovation and creativity, aim to obtain the maximum profit with a minimum financial effort. The profile of the ideal entrepreneur, either an individual or an organization, is shaped by a series of qualities, including the ability to assume and lead, the capacity for intense effort over long periods, the speed of reactions and the speed of decisions, the efficient organization of work. The efficiency of the entrepreneur’s decisions and activity can be improved by applying an entrepreneurial management system, in order to identify and capitalize the business opportunities.