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  • Difference Between Entrepreneur & Manager: 2/13/2019 Mahendran S/ EDP/Unit-I 1

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    Ryan Miller
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    Entrepreneurs start new ventures to achieve personal goals, take on risks and uncertainties, and are motivated by irregular profits. They need creative and innovative skills. Managers work for existing enterprises, do not take risks, receive regular salaries, and rely more on human relationships and conceptual abilities. They execute plans prepared by entrepreneurs rather than innovating themselves.

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    Entrepreneurs start new ventures to achieve personal goals, take on risks and uncertainties, and are motivated by irregular profits. They need creative and innovative skills. Managers work for existing enterprises, do not take risks, receive regular salaries, and rely more on human relationships and conceptual abilities. They execute plans prepared by entrepreneurs rather than innovating themselves.

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    © All Rights Reserved
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    20 views3 pages

    Difference Between Entrepreneur & Manager: 2/13/2019 Mahendran S/ EDP/Unit-I 1

    Uploaded by

    Ryan Miller
    Entrepreneurs start new ventures to achieve personal goals, take on risks and uncertainties, and are motivated by irregular profits. They need creative and innovative skills. Managers work for existing enterprises, do not take risks, receive regular salaries, and rely more on human relationships and conceptual abilities. They execute plans prepared by entrepreneurs rather than innovating themselves.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 3

    Difference between Entrepreneur &

    Manager

    2/13/2019 Mahendran S/ EDP/Unit-I 1


    Difference between Entrepreneur &
    Manager
    Nature Entrepreneur A Manager
    1. Goal Management An Entrepreneur starts a To Render his service to an
    venture by setting up a enterprise already that
    new enterprise for his exists
    personal goal achievement
    2. Status An entrepreneur is the Employee of an enterprise
    owner of the enterprise owned by the
    entrepreneur
    3. Risk taking An entrepreneur bears all A manager being a
    risks and uncertainty employee does not take
    involved in the enterprise any risk involved in the
    enterprise
    4. Rewards An entrepreneur is A Manager receives salary
    motivated by profit. The as reward for service
    profit of an entrepreneur is rendered which is fixed
    uncertain and irregular and regular
    2/13/2019 Mahendran S/ EDP/Unit-I 2
    Difference between Entrepreneur &
    Manager
    Nature Entrepreneur A Manager
    5. Skills An Entrepreneur needs A manager depends more
    creative thinking and on human relationship and
    innovative ability among conceptual abilities
    other skills.
    6. Innovation Entrepreneur himself But, a manager, executes
    thinks over what and how the plans prepared by the
    to produce goods to meet entrepreneur
    the changing demands of
    the customers. Hence he
    acts as an innovator

    2/13/2019 Mahendran S/ EDP/Unit-I 3

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