Distinguish between the following. Entrepreneur and manager.

Distinguish between the following.

Entrepreneur and manager.

ANSWER:


Basis of Difference
Entrepreneur
Manager
Status
Is the owner of a business.
Is not the owner of any business but works as an employee in the organisation.
Qualification required
Should be hardworking and optimistic.
Educational or technical skills are required.
Motive
The motive of an entrepreneur is to successfully run the organisation.
The motive of a manager is to give services to the organisation.
Benefits
Earns profit.
Earns a fixed salary.
Risk bearing
The risk related to the business is borne by the entrepreneur.
The manager does not bear any risk of the business.
Decision making
Has the power to take decisions on the organisation's behalf.
Does not have the authority to take decisions on the organisation’s behalf.

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