Manager

Manager A Manager is the person responsible for planning and directing the work of a group of individuals, monitoring their work, and taking corrective action when necessary. A manager is one who specializes in the work of planning, organizing, leading and controlling the efforts of others by the systematic use of classified knowledge & principles.

Managers & Entrepreneurs Both work hard for producing result. Both have to deal with different set of people. Both have to operate under constraints which are understandably different. To be effective in their respective roles, both have to follow sound principles of management like planning, staffing, delegation and control.

Distinctive Features of Entrepreneurs and Manager Entrepreneur Manager Perception of opportunity Risk – taking Tactical planner Interpersonal com. Negotiating Trouble-shooting Making a growing concern Innovator Setting of objectives Policy formulation Strategic Planner Formal Communication Organizing Motivating Controlling Administrator Skilled, Knowledgeable

Entrepreneur Manager Determined Idealist Committed Visionary Planner Confident Specialist Loyal Planner Implementer

Manager Entrepreneur Primary motives -wants promotion & rewards Time orientation- responds to budgets,weekly, monthly annual planning. Risk – careful Goal oriented, self reliant and motivated. Goal for 5–10 years growth of business. Moderate risk,invests heavily but expects to succeed.

Manager Entrepreneur Failure & mistake-strives to avoid mistakes. Who they serve – boss Deals with mistakes and failures as learning experience. Pleases self and customers.

Types of Entrepreneurs According to the type of business – business, trading, Industrial, corporate, agricultural, retail,service entrepreneur. According to the type of business – business, trading, Industrial, corporate, agricultural, retail,service entrepreneur. According to the use of technology – technical, non- technical, high-tech, low-tech entrepreneur. According to the use of technology – technical, non- technical, high-tech, low-tech entrepreneur. According to the motivation – pure, motivated, induced According to the motivation – pure, motivated, induced.

According to stages of development – first generation, modern entrepreneur. According to stages of development – first generation, modern entrepreneur. According to area- urban,rural entrepreneur. According to area- urban,rural entrepreneur. According to gender – men, women( young, old, middle-age entrepreneurs) According to gender – men, women( young, old, middle-age entrepreneurs) According to the sale of operation – small scale, large scale, professional, non – professional, traditional, modern,skilled, non- skilled entrepreneur. According to the sale of operation – small scale, large scale, professional, non – professional, traditional, modern,skilled, non- skilled entrepreneur.

Others – imitating, inherent, forced entrepreneur. Others – imitating, inherent, forced entrepreneur.

Intrapreneur Intrapreneurs are usually employees within a company who come up with an idea or project. Intrapreneurs are usually employees within a company who come up with an idea or project. The spirit of entrepreneurship within an organization is known as Corporate Entrepreneurship or Intrapreneurship. The spirit of entrepreneurship within an organization is known as Corporate Entrepreneurship or Intrapreneurship.

Features of Intrapreneur Features of Intrapreneur Independence & career advancement orientation. Independence & career advancement orientation. Direct involvement than delegation. Direct involvement than delegation. Able to convince the management Able to convince the management

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