Question

State factors that differentiate between a manager and an entrepreneur?

Answer 1

The following explained factors give about the major differences between a manager and an entrepreneur

1. Motive
Thinking function (entrepreneur). His main motive is to start a new venture by setting up an enterprise.
Doing function (manager). His main motive is to render service to the organization already established.
2. Status
An entrepreneur is the owner of the enterprise.
The manager is the service holder or servant of the enterprise.
3. Risk bearing
Being an owner of the enterprise assume all risk and uncertainty involved in the enterprise.
As the servant don’t take or bear risk and uncertainty involved in the organization.
4. Reward
The reward is profit which is highly uncertain.
Get salary as a reward which is fixed and certain.
5. Innovation
An entrepreneur is an innovator.
A manager is not an innovator in that sense he implements the plan prepared by the entrepreneur.
6. Qualification
They are not highly qualified but have extraordinary experience forecasting.
They are highly qualified (institutional education).
After the above discussion, we can say that at a time an entrepreneur can be a manager but a manager cannot be an entrepreneur.

 

 

1. Their  motive

2 risk-bearing capacity

3 status 

4 innovation

5 qualification status