Difference Between Entrepreneur And Manager
The major dissimilarities or difference between entrepreneur and manager can be highlighted as follows:
1. Introduction
Entrepreneur: A person who identifies new opportunity, invests capital and runs his/her own business to earn profit.
Manager: A person who leads the business organization by administering and controlling the organizational activities.
2. Business Owner
Entrepreneur: Yes
Manager: No
3. Return
Entrepreneur: Profit earned by the business
Manager: Salary received
4. Risk Bearing
Entrepreneur: Yes, he bears entire business risk
Manager: No. He avoids risks
5. Innovation
Entrepreneur: Yes, he focuses on innovation
Manager: No, he focuses only on daily business activities
Entrepreneur: He invests capital in the business
Manager: He does not invest his money for business
7. Status/Position
Entrepreneur: He is an owner
Manager: He is an employee
8. Functions
Entrepreneur: Innovation, capital formation, promotion etc.
Manager: Planning, organizing, directing, coordinating, supervision etc.
9. Motivating Factor
Entrepreneur: He is motivated by achievements
Manager: He is motivated by promotion and power
10. Qualification Required
Entrepreneur: Self-motivated, confidence, innovative, risk bearing capacity etc.
Manager: Higher education, special skills, ability to manage people etc.
Entrepreneur Vs Manager (Comparison Chart)
I hope this post is helpful to understand the difference between entrepreneur and manager and to make comparison between them.
Entrepreneur Vs Manager (Comparison Chart)
Basis For Difference
|
Entrepreneur
|
Manager
|
Introduction
|
Person who generates new ideas, seeks opportunities, invests money and runs own business
|
Person who administers, controls and manages the business organization
|
Business Owner
|
Yes
|
No
|
Return/Benefit
|
Profit
|
Salary
|
Risk Bearing
|
Yes
|
No
|
Innovation
|
Yes
|
No
|
Investment
|
Yes
|
NO
|
Position/Status
|
Owner
|
Employee
|
Functions
|
Innovation, capital formation, promotion etc
|
Planning, organizing, directing etc.
|
Motivated By
|
Achievement
|
Promotion and power
|
Required Qualification
|
Innovative, confidence, self-motivated etc
|
Higher education, managerial skills etc.
|
I hope this post is helpful to understand the difference between entrepreneur and manager and to make comparison between them.
