TENDERPRENEUR Meaning and
Definition
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Tenderpreneur is a term that originated in South Africa and refers to an individual who engages in corrupt practices to secure government tenders or contracts for their own personal gain. Also known as a "political entrepreneur," a tenderpreneur takes advantage of their political connections or influence to obtain lucrative contracts, often ignoring ethical or legal standards.
The term combines the words "tender" – a form of procurement process used by governments to obtain goods or services from suppliers – and "entrepreneur" – an individual who starts and manages a business venture. However, unlike a legitimate entrepreneur, a tenderpreneur does not operate within the boundaries of fair competition or merit-based selection. Instead, they manipulate the tendering process through bribery, nepotism, or other unlawful means, thereby denying equal opportunities to honest and qualified businesses.
Tenderpreneurs typically exploit their connections within political circles to gain access to exclusive information, secure preferential treatment, or eliminate competitors, all in an effort to secure government tenders. This behavior poses a significant threat to public institutions, development, and fair market competition, as it diverts resources away from the most deserving and qualified firms towards those engaged in corruption.
The term "tenderpreneur" has gained prominence in discussions surrounding corruption, particularly in developing countries. It highlights the need for robust anti-corruption measures, increased transparency in government procurement processes, and the promotion of ethical business practices.
Etymology of TENDERPRENEUR
The word "tenderpreneur" is a portmanteau of two words: "tender" and "entrepreneur".
1. "Tender": In this context, "tender" refers to the process of awarding contracts or tenders by governments or organizations to private entities. The term originated from the practice of inviting bids or proposals from various companies or individuals to undertake a specific project or provide goods and services.
2. "Entrepreneur": An entrepreneur is someone who starts and manages a business, taking financial risks in the hopes of making a profit.
Combining these two words, "tender" and "entrepreneur", the term "tenderpreneur" emerged to describe individuals or businesses that primarily acquire government contracts or tenders through nepotism, corruption, or other unethical practices, rather than through fair competition or merit-based selection processes.
