Difference Between Entrepreneur and Manager

Added on -2020-02-12

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ENTREPRENEURSHIPAND SMALL BUSINESSMANAGEMENT
Table of ContentsINTRODUCTION...........................................................................................................................3ASSESSMENT 1.............................................................................................................................3ASSESSMENT 2.............................................................................................................................3TASK 1............................................................................................................................................31.1 Difference between Entrepreneur and manager on the basis of: characteristics, skills andtraits:............................................................................................................................................31.2 Aspects of entrepreneurial personality reflect entrepreneurial motivation and mind-set:....41.3 Elaborating different entrepreneurial characteristics:...........................................................41.4 Characteristic, traits, skills and motivational drivers of successful entrepreneurs:..............4TASK 2 ...........................................................................................................................................51.1 Background and experience can hinder or foster entrepreneurship:.....................................51.2 Link between entrepreneurial characteristics and influence of background:........................61.3 Background and experience influence entrepreneurs: Positively and negatively:................6CONCLUSION................................................................................................................................7REFERENCES................................................................................................................................8
INTRODUCTIONToday market is offering limitless opportunities to the people. It depends on the personentrepreneurial skills to identify an opportunity and grab it on right time (Drucker, 2014). This isa ongoing trend to start an entrepreneurial venture. It depends on the person ability to develop anidea into a profit making venture. An entrepreneur is someone who is always ready to take risk inorder to gain high profits. Entrepreneurship definitions have changed with time. Todayentrepreneurship is not just related to profit earning, it is also helping to eradicate the problemsand issues in the society. ASSESSMENT 1(Covered in ppt)ASSESSMENT 2TASK 11.1 Difference between Entrepreneur and manager on the basis of: characteristics, skills andtraits:An entrepreneur is a person who have better skills in identifying opportunities availablein market for earning profits, while manager is the one who works for an entrepreneur (Kirzner,2015). Different characteristic of entrepreneur are:High level of Confidence: An entrepreneur have high level of confidence which leads tobetter decision making.Risk taking: He is an risk taker. He is ready to take high level of risk for earning betterprofits.Craves learning: An entrepreneur is a learner. He keeps on learning in order to raise thelevel of knowledge he have.Accepts failures: He is always ready to accept failure as he believes every failure is alearning.Passionate: Entrepreneur loves what he do. That is the reason he is taking so much risk.Adaptable: He adapts to the environmental changes occurring around him in order togain more.

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