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Question
Distinguish between the following.
Entrepreneur and manager.
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Solution
| 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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