WE NEED MORE ENTREPRENUERS THAN

MANAGERS!!!!

Who are entrepreneurs??

An entrepreneur is an owner or manager of a business enterprise who makes money through risk and initiative.

Who are managers??

Managers are the individual who are responsible for coordinating and integrating activities of other people in the Organization.

Differences..
Entrepreneur Manager

An entrepreneur is the owner of the organisation. Entrepreneur s objective is to innovate and create ideas.

Manager is an employee

He implements the entrepreneur s plans and ideas.

Differences..
Entrepreneur
An entrepreneur is faced with more income. An entrepreneur is not induced to involve in fraudulent behaviour.

Manager
Manager s compensation is less. Manager may cheat by not working hard.

Differences..
Entrepreneur
Entrepreneur is required to have certain qualifications. An entrepreneur deals with faults and failures as a part of learning experience

Manager
A manager to be educated in the fields of management theories and practices. A manager make every effort to avoid mistakes.

Role of a manager
Supervise and manage.

Improve the quality of nature of the organisation.

Achieve business and organization goals. Involved in employee selection, career development, succession planning and periodic training. Working out compensations and rewards. Responsible for the growth and increase in the organizations financial status. Identifying problems and providing alternatives solutions.

The Role of Entrepreneur in economic development

Employment generation National income Balanced regional development Dispersal of economic power Better standards of living Creation of innovation

Outcomes of entrepreneurship..

Innovation or newness.

Organizing resources finance, people, physical and information resource.

Creating new product or service.

Generating wealth
Taking risk in a business venture. Create job opportunity.

Increase the abundance of wealth generation for the nation

Advantages of being an entrepreneur

o o o o o o o

Excitement Rules and regulations Originality Independent Salary potential Flexibility Freedom

Entreprenuers of India

Narayana Murthy is one of the founders of Infosys Technologies Limited.

T. V. Sundaram Iyengar was an industrialist, the founder of TV Sundaram Iyengar and Sons group of companies.

Anil Dhirubhai is the Chairman of Anil Dhirubhai Ambani Group.

Shiv Nadar is the Chief Executive Officer of Hindustan Computers Limited (HCL), India's largest info tech conglomerate.

-TAMILSELVI