Which role is defined as a person who takes initiative to establish a new business?

The term that defines a person who takes the initiative to establish a new business is "entrepreneur." An entrepreneur is someone who identifies a market opportunity and gathers the necessary resources—such as capital, labor, and materials—to launch and run a new venture. Entrepreneurs are typically characterized by their willingness to take risks and innovate, as they often face uncertainties and challenges in bringing their business ideas to fruition.

In the context of running a business, entrepreneurs not only focus on starting the company but also on its ongoing development and growth. They play a crucial role in driving economic progress by creating jobs, fostering innovation, and contributing to overall market dynamism.

The other roles mentioned, such as investor, employee, and manager, have distinct functions within the business world. An investor primarily provides financial resources to a business and may not be involved in daily operations. An employee works under the direction of others and does not initiate projects independently. A manager oversees and coordinates the operations of a business but typically does so within a framework established by the entrepreneur or company leaders. Understanding these differences highlights the unique position of the entrepreneur in the business ecosystem.