ENTREPRENEUR ENTREPRENEUR MEANING ENTREPRENEUR DEFINITIONS ENTREPRENEUR EVOLUTION ENTREPRENEUR V/S MANAGER

1. ENTREPRENEUR

2. ENTREPRENEUR
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Do things that are not generally done in the
ordinary course of business
Some entrepreneurs become celebrities…
others become ridiculed for their failed
dreams.
All contribute to the spirit of free enterprise.

3. Evolution
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Derived from a French word in 17th
Century –
Entreprendre means the individual who undertook
the risk of a new enterprise…. “to undertake”.
Entrepreneur is a person who creates an
enterprise. The process of creation is called as
entrepreneurship.

4. Definitions
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“Essai sur la nature du commerce en general” describes an
entrepreneur as a person who pays a certain price for a
product to resell it at an uncertain price, thereby making
decisions about obtaining and using resources while
consequently assuming the risk of enterprise – 1755
Robert Schwartz – “The entrepreneur is essentially a
visualizer and an actualizer. He can visualize something
and when he visualizes it he sees exactly how to make it
happen.”
Peter F Drucker – “He searches for change, responds to it
and exploits opportunities. Innovation is the specific role
of an entrepreneur.

5. Entrepreneur Vs Manager
Point ofPoint of
DifferenceDifference
EntrepreneurEntrepreneur ManagerManager
MotiveMotive To start a venture by setting up anTo start a venture by setting up an
enterprise. He understands theenterprise. He understands the
venture for his personal gratification.venture for his personal gratification.
To render his service in anTo render his service in an
enterprise already setup byenterprise already setup by
someone elsesomeone else
StatusStatus Owner of the enterpriseOwner of the enterprise He is an employeeHe is an employee
Risk bearingRisk bearing An entrepreneur being the owner ofAn entrepreneur being the owner of
the enterprise assumes all the risksthe enterprise assumes all the risks
and uncertaintyand uncertainty
A manager does not bearA manager does not bear
any risk involved in theany risk involved in the
enterprise.enterprise.
RewardsRewards Profits – and are directly proportionalProfits – and are directly proportional
to riskto risk
Salary – which is certainSalary – which is certain
and fixedand fixed
InnovationInnovation He acts as an innovator and alsoHe acts as an innovator and also
called as change – agentcalled as change – agent
Execution of plansExecution of plans
prepared by theprepared by the
entrepreneurentrepreneur
Qualification &Qualification &
QualitiesQualities
Needs to possess qualities andNeeds to possess qualities and
qualifications like high achievementqualifications like high achievement
motive, originality in thinking,motive, originality in thinking,
foresight, risk bearing ability etc.foresight, risk bearing ability etc.
A manager needs toA manager needs to
possess distinctpossess distinct
qualifications in terms ofqualifications in terms of
sound knowledge insound knowledge in
management theory andmanagement theory and
practice.practice.

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