Question

similarities and differences between manager characteristic and entrepreneur characteristic

Answer 1

Answer- difference between manger characterstics and entrepreneur characterstics:

-entrepreneur is owner while manager is servant.

-main motive of entrepreneur is to start a venture while main motive of manager is to render his services to a already set up venture

-entrepreneur bear risk while manager doesn't bear any risk involved in enterprise.

- profit is reward for entrepreneur while salary is reward for manager.

- Entrepreneur deals with mistakes and failures while manager try to avoid mistakes

-entrepreneur possess qualities and qualifications while manager possesi distinct qualifications.

similarities between manager characterstics and entrepreneur characterstics:

- both have business managing ability

- both have forecasting ability

-both have decision making authority

-both have enough knowledge of their business

-both have knowledge of business environment

Both have common goal to achieve