We know of many similarities between entrepreneurs and managers. However, to clearly understand these archetypes it is helpful to compare them. Think, research and discuss how these two archetypes differ from each other. Refer to your Archetype-Attribute matrices and research the Internet as you present and discuss your views on this question.
Play BrookMaster, emulating a well-known manager and an entrepreneur, to illustrate your understanding.
Innovative entrepreneurs create and commercialize new products, services and business practices, in contrast to the replicative entrepreneurs — those who open businesses that support a growing population, such as restaurants and dry cleaners.
http://knowledge.wpcarey.asu.edu/article.cfm?articleid=1299
Innovative entrepreneurs create and commercialize new products, services and business practices. Now think about managers they do not create anything new. They are controling what is already existed or produced under a given guideline. But a entrepreneur creates that guideline and the feeling of ownership is different. This is another difference between manager vs. entrepreneur.
Very good, Roy… PC
Here is a reference regarding articles about differences between managers and entrepreneurs.
http://www.helium.com/knowledge/16908-manager-vs-entrepreneur-major-personal-differences
So, Mirek, what is your take from this site? PC
The major difference between the two is that one has ideas and a plan to make something happen and the other doesn’t. If a manager has a plan or idea, but doesn’t ever make it happen, that’s what keeps them a manager. Entrepreneurs are always thinking of ways to make money for themselves and create a successful business, while managers only consider working for others. You either gamble or you don’t, you have to make that decision. You could either lose a lot or gain big, but you have to make a smart decision and work with it.
Mirek, this is not clear, especially the first sentence – managers do have a plan, even if that plan is amimed at acchieving a vision defined by the entrepreneur or leader…PC
I think entrepreneurs are usually more motivated than managers in making something happen. Something big! Entrepreneurs work for themselves as oppose to managers who work for somebody, usually an entrepreneur. Therefore they don’t try as hard to define and achieve a certain vision because that is not necessarily in their “job description“…
Manager, they are generally someone that has no issues working for a company that they don’t own. They focus on helping someone else achieve wealth, while they receive a steady paycheck that they aren’t worried about coming. The manager generally doesn’t have to worry about taking risk and if they do, it doesn’t normally affect their paycheck directly. Managers often times have to go to college in order to learn how to lead effectively and it takes years in order for those managers to move up within the company. Thus a manager typically stays in place in their job for a longer period of time than would people in other career fields.
The entrepreneur however is typically a risk taker. The Entrepreneur has his/her own ideas and the ability to make that a reality. Entrepreneur is someone who organizes, manages, and assumes the risks of a business or enterprise.
http://www.helium.com/items/220312-manager-vs-entrepreneur-major-personal-differences
The statements above give pretty good clarification of the differences between manager and entrepreneur.
Very good, Roy M. PC
“A manager is primarily an administrator. It is the manager’s job to “keep the show on the road”. This may involve a wide range of tasks: recruitment and selection of staff; communication; motivating employees; quality management; applying company policies and procedures; achieving targets; etc.
An entrepreneur is different. Some, or all, of the above may be relevant to what he or she does, but this does not make him or her an entrepreneur. Entrepreneurs are, first and foremost, ideas people. I would caveat this statement by emphasising their practicality. They are ideas people who can put their ideas into practice. Managers, on the other hand, are people who implement the ideas of others.”
[http://www.helium.com/items/216725-manager-vs-entrepreneur-major-personal-differences]
As far as risk-taking is considered though, the most “risk” the manager takes in an organizational structure, is to lose their job. The entrepreneur on the other hand puts much more at risk including his/her financial assets, trust of others and assumes complete responsibility of the venture. ‘The entrepreneur always searches for change, responds to it, and exploits it as an opportunity’ – Peter F. Drucker
Another good post, Jimy. Thanks…PC
In the study of purposeful action…..
The manager and the entrepreneur vary from each other within the 12 steps by the emphasis on certain steps….The manager on step 4, goals, and the other Phase II steps, and the entrepreneur on steps 1 and 2 in Phase I, especially the reality check.
Also, the entrepreneur seeks a need to fulfill while the manager usually fulfills needs that they really didn’t seek out themselves. I think it goes without saying that the purposeful entrepreneur is certainly more creative and innovative than the manager as well.
Well stated, Scott … now some examples and links? PC