Sometimes the word entrepreneur and manager are used as synonyms. In fact there are some differences between them.
1. Motive
Entrepreneur: Thinking function. His main motive is to start a new venture by setting up an enterprise.
Manager: Doing function. His main motive is to render service to the organization already established.
2. Status
Entrepreneur: Entrepreneur is the owner of the enterprise.
Manager: Manager is the service holder or servant of the enterprise.
3. Risk bearing
Entrepreneur: Being owner of the enterprise assume all risk and uncertainty involved in the enterprise.
Manager: As the servant don’t take or bear risk and uncertainty involved in the organization.
4. Reward
Entrepreneur: Reward is profit which is highly uncertain.
Manager: Get salary as a reward which is fixed and certain.
5. Innovation
Entrepreneur: An entrepreneur is an innovator.
Manager: A manager is not an innovator in that sense he implements the plan prepared by the entrepreneur.
6. Qualification
Entrepreneur: They are not highly qualified but have extraordinary experience forecasting.
Manager: They are highly qualified (institutional education).
After the above discussion we can say that at a time an entrepreneur can be a manager but a manager cannot be an entrepreneur.
1. Motive
Entrepreneur: Thinking function. His main motive is to start a new venture by setting up an enterprise.
Manager: Doing function. His main motive is to render service to the organization already established.
2. Status
Entrepreneur: Entrepreneur is the owner of the enterprise.
Manager: Manager is the service holder or servant of the enterprise.
3. Risk bearing
Entrepreneur: Being owner of the enterprise assume all risk and uncertainty involved in the enterprise.
Manager: As the servant don’t take or bear risk and uncertainty involved in the organization.
4. Reward
Entrepreneur: Reward is profit which is highly uncertain.
Manager: Get salary as a reward which is fixed and certain.
5. Innovation
Entrepreneur: An entrepreneur is an innovator.
Manager: A manager is not an innovator in that sense he implements the plan prepared by the entrepreneur.
6. Qualification
Entrepreneur: They are not highly qualified but have extraordinary experience forecasting.
Manager: They are highly qualified (institutional education).
After the above discussion we can say that at a time an entrepreneur can be a manager but a manager cannot be an entrepreneur.
