What term describes a person who organizes, manages, and assumes the risk of a business?

The term that describes a person who organizes, manages, and assumes the risk of a business is "entrepreneur." An entrepreneur is typically the driving force behind a new business venture, taking calculated risks to innovate and address market needs. This individual not only conceptualizes the business idea but also plays a crucial role in planning, securing funding, overseeing operations, and guiding the overall direction of the company.

In the context of entrepreneurship, the assumption of risk is particularly significant. Entrepreneurs invest their time, resources, and capital into their ventures, often without any guarantee of success. Their ability to navigate uncertain market conditions and adapt their strategies is a defining characteristic of entrepreneurial spirit.

While a manager might oversee operations within an established business, they do not typically bear the same level of risk associated with launching a new venture. An investor provides capital but does not necessarily take on the responsibility of managing the business. A business analyst focuses on data and processes to improve operations, rather than taking on the entrepreneurial risks associated with starting and running a business.