GRADUATE SUCCESS ATTRIBUTES UHMT1012 SEM 2 SESION 2020/2021

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ENTERPRISING SKILLS /
Enterprising skills

Posts: 3

25 May 2021, 12:27 PM

Question 1

Entrepreneur is a person who brings his unique idea to run a startup company. A businessman is a person who starts a business on an old concept or idea.
A businessman makes his place in the market with his efforts and dedication, whereas an entrepreneur creates the market for his own business.
The businessman is a market player while Entrepreneur is a market leader because he is the first to start such a kind of enterprise.
The nature of a businessman is calculative, but an entrepreneur is intuitive.
As the businessman follows the footsteps of other businessmen, the possibility of failure is very less which is just opposite in the case of the entrepreneur.
The similarities between an entrepreneur and business managers reveal that they both are decision makers and both have managing abilities and can project forward.

Question 2

Entrepreneur and manager are same in term of decision making. Both of them play a role as decision maker in the organization.
An entrepreneur and the manager are the people that have a good communication skill because they are the people who drive change and inspire people to take action. Good communication can reduce the task ambiguity in the organization.
An entrepreneur is a visionary that converts an idea into a business. He is the owner of the business, so he bears all the financial and other risks. A manager, on the other hand, is an employee, he works for a salary.
For an entrepreneur the key motivation is achievements. But for the managers, the motivation comes from the power that comes with their position.
The entrepreneur can be informal and casual in his role. However, a manager’s approach to every problem is very formal.

Question 3

Entrepreneur mindset :

answer : Not really, i dont have creative mindset and persuasive communication ability

1 result