Entrepreneur and Manager
A manager is mostly involved in the control and direction of the business. He does not bear any risk involved in the business. He implements the innovation by the entrepreneur and emphasizes the internal environment so as to execute the opportunity into practice effectively.
Entrepreneurs and managers are taken interchangeably. However, they differ in many ways as mentioned below.
Difference between Entrepreneur and Manager
| Bases of difference | Entrepreneur | Manager |
|---|---|---|
| 1. Motive | The main motive of an entrepreneur is to start a venture by setting up an enterprise. | The main motive of a manager is to provide service to the enterprise which was already established by others. |
| 2. Status | The status of an entrepreneur is the owner. | The Status of a manager is the servant. |
| 3. Risk bearing | He bears all the risks involved in the enterprise. | He does not bear any risk involved in the enterprise. |
| 4. Reward | Profit is the rearward of an entrepreneur which is highly uncertain. | Salary is the reward of a manager which is certain. |
| 5. Role | An entrepreneur acts as innovator as he works towards creation and exploitation of the opportunity. | A manager simply acts as the implementer of the innovation of the entrepreneur. |
| 6. Qualification | An entrepreneur should possess the qualifications as innovator, risk bearer and organizer. | A manager needs qualification in terms of sound knowledge on theory and practice of management. |
| 7. Emphasis | His prime emphasis is the external environment for the identification of opportunity. | He emphasizes the internal environment so as to execute the opportunity into practice effectively. |
