CHARACTERISTICS ENTREPRENEUR MANAGER

Failures and mistakes Deals with failures and Tries to avoid mistakes
Mistake
Whom serves Customers Organization
Behaviour Desire for control Delegation of Authority
Management Style One-Man show Management Team
Market Position Market Leader Market Player
Organisational Growth Rapid reaction Strategic Planning
Organisation Structure Informal, Flexible Organized
Attitude to Money A By-Product Measure of Success
Attitude to Risk Calculated Risks Avoidance of Risks
Economic Sector Private, Government Private sector
and
Not for Profit
Time on work No time bound Stipulated time limits

DIFFERENCE BETWEEN ETREPRENEUR AND MANAGER

DIFFERENCE BETWEEN ADMINISTRATION AND

MANAGEMMENT
FEATURES ADMINISTRATIO MANAGEMENT
N
Nature Thinking function Doing function

Type of work Decision on policies Implementation of

Policies
Level of Authority Top level Middle level

Influence Public opinion and Objectives and policies

Outside sources of
 Concern
Direction of human Not directly Actively concerned
Effects Concerned
Main function Planning & Directing &
Control Organizing
Skills required Conceptual skills Technical skills

Factors affecting Mostly external Mostly internal

Decisions
HR relations Entrepreneur & Employee
Owners
Scope of functions Broad & conceptual Narrow & Operational