Difference between an Enterperneur and the Manager

2. Entrepreneur :
◦ He is a person who establishes business
unit and utilizes the other factors of
production like land, labor and capital.
Manager :
A manager is the person responsible for
planning & directing the work of a group of
individuals, monitoring their work, and
taking corrective action when necessary.

3. Difference Between
Entrepreneur & Manager.

4. Entrepreneur Manager
Self employed Salaried
person

5. One Man Team

6.  As a Entrepreneur he sets the goal
 As a manager he implies that goal

7.  An entrepreneur is the owner of the
enterprise but a manager is just an
employee in the enterprise of the
entrepreneur.
 The main motive of an entrepreneur is
to start a venture by setting up an
enterprise. But the main aim of a
manager is to render services to an
entrepreneur.

8.  An entrepreneur and a manager differ
in their standing, an entrepreneur is
the owner of the organization and he
bears all the risk and uncertainties
involved in running an organization
 Where as a manager is an employee
and does not accept any risk.

9.  An entrepreneur and a manager differ
in their objectives. Entrepreneur’s
objective is to innovate and create and
he acts as a change agent
 Where as a manager’s objective is to
supervise and create routines. He
implements the entrepreneur’s plans
and ideas.

10. Decision-Making
 The entrepreneur usually makes
decisions, even those of critical
importance for his business, on the basis
of his own personal intuition and "gut
feelings".
 The professional manager makes
decisions after collecting detailed
information and reaching operative
conclusions, while relying on experts
both from within and outside the
organization.

11.  An entrepreneur is not induced to
involve in fraudulent behavior where
as a manger does.
 A manager may cheat by not working
hard because his income is not tied up
to the performance of the
organization.

12.  Entrepreneur is required to have certain
qualifications and qualities like high
accomplishment motive, innovative
thinking, forethought, risk-bearing ability etc.
Conversely it’s necessary for a manager to
be educated in the fields of management
theories and practices.
 An entrepreneur deals with faults and
failures as a part of learning experience
where as a manager make every effort to
avoid mistakes and he postpones failure.

13. “An entrepreneur could be a manager but a
manager cannot be an entrepreneur”. An
entrepreneur is intensely dedicated to develop
business through constant innovation. He may
employ a manager in order to perform some of
his functions such as setting
objectives, policies, rules etc.
A manager cannot replace an entrepreneur in
spite of performing the allotted duties because
a manager has to work as per the guidelines
laid down by the entrepreneur.