Entrepreneur vs Manager: Understanding the Difference

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What is the primary motivation of an entrepreneur?

Achievement (correct)

Power

Preserving status quo

Profit

What is the term for someone who takes risks within a company to solve a problem and innovate?

Product Champion

Entrepreneur

Intrapreneur (correct)

Manager

What is the main difference between a wage employee and an entrepreneur?

Fixed income vs. variable income

Routine job vs. creative activity

Working for others vs. working for oneself

All of the above (correct)

What is the goal of the entrepreneurial decision process?

To create wealth and contribute to GDP Signup and view all the answers

What is a group of intrapreneurs kept separate from the rest of the organization called?

Skunkworks Signup and view all the answers

What is the driving force behind an entrepreneur's approach to tasks?

Intuition and creativity Signup and view all the answers

What is a key characteristic of an entrepreneur, according to the concept of entrepreneurial traits?

Seeking to do something different and unique Signup and view all the answers

Which of the following definitions of entrepreneurship focuses on the process of pursuing opportunities?

Stevenson & Jarillo's definition Signup and view all the answers

What is the primary role of an entrepreneur, according to David Holt's definition?

Taking initiative and risk Signup and view all the answers

What is the primary goal of an entrepreneur, according to the concept of entrepreneurial traits?

Meeting the changing requirements of customers Signup and view all the answers

Which of the following is NOT a characteristic of an entrepreneur, according to the definitions provided?

Bureaucrat Signup and view all the answers

What is the outcome of an entrepreneur's actions, according to the concept of entrepreneurship?

Creation of something new to provide value to customers Signup and view all the answers

What type of entrepreneur introduces a new good, inaugurates a new method of production, discovers a new market, and reorganizes the enterprise?

Innovating Entrepreneur Signup and view all the answers

Which type of entrepreneur is characterized by a refusal to adopt opportunities to make changes in the production formulae?

Drone Entrepreneur Signup and view all the answers

What is a characteristic of Fabian entrepreneurs?

Great caution and skepticism in experimenting with changes Signup and view all the answers

Which of the following is NOT a basis for classifying entrepreneurs?

Age Signup and view all the answers

What is an example of a classification of entrepreneurs based on size?

Small Scale, Large Scale Signup and view all the answers

What is a characteristic of imitative entrepreneurs?

Readiness to adopt successful innovations Signup and view all the answers