Corporate Entrepreneurship: How to Create a Thriving Entrepreneurial Spirit Throughout Your Company

Entrepreneur versus Manager

There is some confusion about the nature of an entrepreneur versus a manager. Although the entrepreneur is different from the traditional manager, entrepreneurship represents a mode of management. Management involves achieving the objectives of an organization while reducing variability to increase stable processes. It involves accomplishing work through people. To manage effectively means to forecast, plan, organize, coordinate, communicate, lead, facilitate, motivate, and control. Management is the transformation of inputs into outputs through conceptual, human, and technical skills. Managers are required to efficiently and effectively utilize resources to achieve optimum results in line with organizational goals ...