Trusted by millions of Kenyans
LoginRegister
Study resources on Kenyaplex

Get ready-made curriculum aligned revision materials

Exam papers, notes, holiday assignments and topical questions – all aligned to the Kenyan curriculum.

Browse exam papers
Or go directly to:
Class notes Holiday assignments Topical questions Other resources

Differences between an entrepreneur and a manager

Differences between an entrepreneur and a manager

Answers

Hydah
In terms of motives the main motive of an entrepreneur is to start a venture by setting up an enterprise in a personal gratification .While the manager render services to the enterprise already set up by someone else such as an entrepreneur.

In terms of status the entrepreneur is the owner of the business venture while manager is the servant in a business venture, owned by entrepreneur.

In terms of risk bearing the entrepreneur being the owner of the business takes all the risk bearing that come out in the business environment while manager does not bear the risk since he or she is a servant.

In terms of reward the entrepreneur being the owner the goods and services earn him or her profit that is highly uncertain while manager get salaries that is fixed and certain.

In terms of innovation the entrepreneur thinks of goods and what he can apply in order to meet the change in demand of them while manager execute the plans prepared by the entrepreneur.Also the entrepreneur acts as a change agent in the business venture.
hydah kerubo answered the question on March 30, 2018 at 18:06

Answer Attachments

Next: Explain how the following affect the surface run-off water (a) amount of rainfall (b) the gradient of the land

Previous: Discuss the stages of business life cycles

View more Business Studies Questions and Answers  |  Return to Questions Index

Exams With Marking Schemes

Related Questions