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Differentiate between the entrepreneur and a manager.
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Solution:

$$ \begin{array}{l|l|l} \hline \text { Features } & \text { Managers } & \text { Entrepreneur } \\\\ \hline \text { Primary Motives } & \begin{array}{l} \text { Want promotion and traditional } \\ \text { corporate rewards. Power-motivated. } \end{array} & \begin{array}{l} \text { Wants freedom, goal oriented } \\ \text { Self-reliant, and self-motivated. } \end{array} \\ \hline \text { Time Orientation } & \begin{array}{l} \text { Respond to quotas and Budgets, weekly, } \\ \text { monthly, quarterly, annual planning } \\ \text { horizons, the next promotion or transfer. } \\ \text { next step along way. } \end{array} & \begin{array}{l} \text { End goals of 5-10 year growth } \\ \text { of business in view as guides. } \\ \text { Takes action now to move the } \end{array} \\ \hline \text { Action } & \begin{array}{l} \text { Delegate action. Supervising and } \\ \text { reporting take most of energy. } \\ \text { their work. } \end{array} & \begin{array}{l} \text { Gets hands dirty. May upset } \\ \text { employees by suddenly doing } \end{array} \\ \hline \text { Skills } & \begin{array}{l} \text { Professional training. Often business } \\ \text { school trained. Abstract analytical tools, } \\ \text { people-management, and political skills. } \\ \text { trained if in technical business. } \end{array} & \begin{array}{l} \text { Knows business intimately. More } \\ \text { business acumen than managerial } \\ \text { or political skill. Often technically } \end{array} \\ \hline \hline \begin{array}{l} \text { Courage and } \\ \text { Destiny } \end{array} & \begin{array}{l} \text { Sees others in charge of his or her } \\ \text { destiny. Can be forceful and ambitious, } \\ \text { but may be fearful of others' ability in } \\ \text { case of optimism. } \end{array} & \begin{array}{l} \text { Self-confident, optimistic, } \\ \text { courageous. } \end{array} \\ \hline \text { Attention } & \text { Primly on events inside corporation. } & \begin{array}{l} \text { Primarily on technology and } \\ \text { market place. } \end{array} \\ \hline \text { Risk } & \text { Careful } & \begin{array}{l} \text { Like moderate risk. Invests } \\ \text { heavily, but expects to succeed. } \end{array} \\ \hline \text { Market Research } & \begin{array}{l} \text { Has market studies done to discover } \\ \text { needs and guide product } \\ \text { conceptualization. } \end{array} & \begin{array}{l} \text { Creates needs. Creates products } \\ \text { that often can't be tested with } \\ \text { market research-potential } \\ \text { customers don't yet understand } \\ \text { them. Talks to customers and } \\ \text { forms own opinions. } \end{array} \\ \hline \hline \text { Status } & \begin{array}{l} \text { Cares about status symbols. } \\ \text { if job is getting done. } \end{array} & \text { Happy sitting on an orange crate } \\ \hline \begin{array}{l} \text { Failure and } \\ \text { Mistakes } \end{array} & \begin{array}{l} \text { Strives to avoid mistakes and surprises. } \\ \text { Postpones recognising failure. } \end{array} & \begin{array}{l} \text { Deals with mistakes and failures } \\ \text { as learning experiences. } \end{array} \\ \hline \text { Decisions } & \begin{array}{l} \text { Agrees with those in power. Delays } \\ \text { decision until he gets a feel of hat } \\ \text { bosses want. } \end{array} & \begin{array}{l} \text { Follows private vision. Decisive } \\ \text { and action-oriented. } \end{array} \\ \hline \begin{array}{l} \text { Who they Serve } \\ \text { Attitude Toward } \\ \text { the system } \end{array} & \begin{array}{l} \text { Sees system as nurturing and protective, } \\ \text { seeks position within it. } \end{array} & \begin{array}{l} \text { May rapidly advance in a system, } \\ \text { when frustrated; reject the system } \\ \text { and form his or her own. } \end{array} \\ \hline \begin{array}{l} \text { Problem-solving } \\ \text { Style } \end{array} & \text { Works out problems within the system. } & \begin{array}{l} \text { Escapes problems in large and } \\ \text { formal structures by leaving and } \\ \text { starting over his own. } \end{array} \\ \hline \text { Family History } & \begin{array}{l} \text { Family members worked for large } \\ \text { organisations. } \end{array} & \begin{array}{l} \text { Entrepreneurial small-business, } \\ \text { professional, or agricultural } \\ \text { background. } \end{array} \\ \hline \end{array} $$

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