Basis Difference – Manager and Entrepreneur
Class 12th std- study note of Organization of Commerce and Management, difference between Corporate Social Responsibility and Traditional Social Responsibility, Study material, commerce
| Sr. No | Difference | Manager | Entrepreneur |
| 1. | Motive | Motive of a manager is to give his services to an enterprise owned by someone else. | Motive of an entrepreneur is to start a venture by setting a enterprise to achieve his ideas. |
| 2. | Risk-bearing | A manager being an employee does not undertake any risk involved in the enterprise. | Being the owner, the entrepreneur undertakes all the risk and uncertainties of the enterprise. |
| 3. | Status | A manager is a servant or paid employee of an enterprise. | An entrepreneur is the owner of the enterprise |
| 4. | Innovation | Managers only execute the plans prepared by the entrepreneurs. They only do the practical part of the plan. | Entrepreneurs are born innovators. They set their own goals and work for it. |
| 5. | Qualification | A manager needs to posses educational and technical skills. Special management knowledge and qualification is an additional benefit | An entrepreneur requires qualities and qualifications like hard working , patience, foresight, high thinking, independence, etc. |
| 6. | Specialization | A manager is trained professional, hence is specialized in his field. | An entrepreneur may not be a specialized in his trade but may have sufficient knowledge. |
| 7. | Decision making | A manger does not have authority to take decision on behalf of the enterprise, but he may take decision related to the plan which he is executing. | An entrepreneur takes decisions on his own as the enterprise has to develop as per his ideas. |
| 8. | Benefits | A manager usually gets fixed salary for the services rendered by him. It is fixed. | An entrepreneur gets profits as the benefits of the enterprise which is uncertain. |