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.
Entrepreneurs are visionaries. They are innovative and see a void in the market and take the risk by going after their dreams. A manager on the other hand manages a group or organization that is following the path of someone else’s vision. A manager tends to be less involved in Phase 1 of purposeful action than the entrepreneur does. In a sense, the entrepreneur sets the vision and the manager leads the team to accomplish that entrepreneur’s vision. The two working together make a very successful team.
I would like to add that in the course of 12 steps, an Entrepreneur (who sets the vision and persuades others in accomplishing it) has to walk in several shoes such as a manager, trustee, consultant etc. There are instances where in an entrepreneur over the time turns into an efficient manager, to run the business smoothly once it is set up to accomplish a vision.
So, Swathy, essentially what your statement leads to, is that all 12 steps are important for action to be purposeful – just the emphasis changes. In a corporation or in most Team actions, each archetype relies on other team members to provide help in assuring that all steps are covered. Furthermore, the accomplished navigator is able to assume the archetype of choice as the situation demands… PC
Also this.
http://www.thinkingmanagers.com/management/entrepreneurial-management.php
The typical entrepreneur wants to be in control of his life (which is often the reason why he started the business), of his business and especially of his employees.
The manager, on the other hand, enters a company which needs to have authority, since it has reached the stage in its development where the entrepreneur can no longer do it all himself.
I also came across this which I found very interesting.
http://www.entrepreneurship-isemi.com/56114/entrepreneur-and-manager
Good post. PC
Good point. Most Entrepreneurs do want to be self employeed. Managers would typically always work for someone. An entrepreneur must have a little more self motivation than the manager since the entrepreneur’s pay check depends upon his own actions and achievements.
Entrepreneurs differ from managers in a variety of ways, but, to be honest there are some resemblances. Anyone successfully managing will have certain similarities to entrepreneurs. If you have entrepreneurial skills then you will recognize a genuine opportunity when you come across one.
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. To open up a business is one of the riskiest decisions anyone can make. There is little to know guarantee that you will break even, let alone actually make a profit. This means that an entrepreneur has to be able to plan ahead and forecast their needs so that they can support themselves and their family in the event that the business has to shut down, which is what happens with most businesses.
http://www.helium.com/items/222354-manager-vs-entrepreneur-major-personal-differences
Another instance of an “honest” statement… PC
Managers do exactly what the name says “manages”, will an entrepreneur is the “builders” turning ideas into reality.
A good link with a short and to the point description: http://worldshapers.net/entrepreneursvsmanagers.aspx
Yes, Roy E. PC
Managers enforce the rules and manage people. Where as an entrepreneur puts those rules into place and also manages people. Entrepreneur is an innovator, intelligent and creative. In my view both the manager and entrepreneur require commitment. An entrepreneur can be a good manager and manager can become an entrepreneur. But this is not true in all cases. Managers and entrepreneurs are driven by different aims. Entrepreneurs are concerned with what can be achieved. An entrepreneur is usually motivated by the desire to create, innovate, develop and improve. The entrepreneurial spirit is imaginative, forward-looking, optimistic, enthusiastic and goal-orientated. Manager’s motivation is normally to see things working well. A good managerial sense is observant, sensitive, reasonable, pragmatic, multi-tasking and disciplined. The manager needs an entrepreneur’s drive and creativity to set the direction. The entrepreneur needs a manager’s wisdom to stay on course.
Venkat, good points, except … empowered managers also formulate rules… the word ‘enforce’ is a bit strong… PC