Manager vs Entrepreneure
Manager Vs Entrepreneur Two sides of a coin Who is Who?
Table of Content
Introduction Page 4
Theory Page 6
Analysis Page 8
Conclusion Page 11
References Page 13
Introduction
There must be hundreds of millions companies in the world. Either they are small family businesses ,or small local shops ,or big national firms, or international corporations, either they are new players in the market or they have already been established as a brand, either they are successful or not, they all have something in common, they are ‘driven’ by someone who is in charge and makes the decisions.
Who is this someone, what are his skills and talents and why is he capable of such a position? The term manager is broadly used for the person who is at the top of the hierarchy inside a company, but is not the only term. Entrepreneur is another term that we are using to describe the one who leads his company through the highly competitive field of business.
Ever since the research of economics existed , the factors that distinguish the companies to profitable and non profitable have played a great role in the analysis of how efficient those companies were, in order to understand how can someone imitate a successful strategy and what are they variables that will affect his decision. At some point the researchers turn to the human factor and to how a single person can affect the course of a company. That person at most times was the leader of the company, either known as the manager or by having the entrepreneurial spirit to guide his firm.
Among the numerous companies of the world we can find both managers and entrepreneurs who are responsible for theirs company success or failure also. But we are going to analyse those who are successful so that we can understand what is the recipe for being successful in the business world and what type of skills must someone have,
Table of Content
Introduction Page 4
Theory Page 6
Analysis Page 8
Conclusion Page 11
References Page 13
Introduction
There must be hundreds of millions companies in the world. Either they are small family businesses ,or small local shops ,or big national firms, or international corporations, either they are new players in the market or they have already been established as a brand, either they are successful or not, they all have something in common, they are ‘driven’ by someone who is in charge and makes the decisions.
Who is this someone, what are his skills and talents and why is he capable of such a position? The term manager is broadly used for the person who is at the top of the hierarchy inside a company, but is not the only term. Entrepreneur is another term that we are using to describe the one who leads his company through the highly competitive field of business.
Ever since the research of economics existed , the factors that distinguish the companies to profitable and non profitable have played a great role in the analysis of how efficient those companies were, in order to understand how can someone imitate a successful strategy and what are they variables that will affect his decision. At some point the researchers turn to the human factor and to how a single person can affect the course of a company. That person at most times was the leader of the company, either known as the manager or by having the entrepreneurial spirit to guide his firm.
Among the numerous companies of the world we can find both managers and entrepreneurs who are responsible for theirs company success or failure also. But we are going to analyse those who are successful so that we can understand what is the recipe for being successful in the business world and what type of skills must someone have,
References: Begley M. Thomas (1995), Using Founder Status, Age of Firm, and Company Growth rate as the Basis for Distinguishing Entrepreneurs from Managers of Smaller Businesses: Journal of Business Venturing Berthold Norbert & Neumann Michael (July/August 2008), The motivation of Entrepreneurs: Are Employed Managers and Self-employed Owners Different? : Intereconomics. Busenitz W. Lowell & Barney B. Jay (1997), Differences Between Entrepreneurs and Managers In Large Organizations: Biases And Heuristics In Strategic Decision-Making: Journal of Business Venturing. Chen C. Chao & Greene Gene Patricia & Crick Anna (1998), Does Entrepreneurial Self-Efficacy Distinguish Entrepreneurs From Managers? : Journal of Business Venturing Czarniawska-Joerges Barbara & Wolf Rolf (4/12/1991), Leaders, Managers, Entrepreneurs On And Off The Organizational Stage: Organizational Studies Lee Sang Yoon (Tim) (25 Aug 2012), Entrepreneurs, Managers and Inequality: JEL Classifications Miner B. John (1990), Entrepreneurs, high growth entrepreneurs, and managers: contrasting and overlapping motivational patterns: Journal of Business Venturing Schumpeter A. Joseph (1947), The Creative Response in Economic History: Journal of Economic History Stewart H. Wayne Jr. & Roth L. Philip (2001), Risk Propensity Differences Between Entrepreneurs And Managers: A Meta-Analytic Review: Journal of Applied Psychology