Following is the table of differences between entrepreneurship and Management:
| Basis of Difference |
Entrepreneurship |
Management |
| 1. Centralised |
Centralised in establishing new enterprises. |
Centralised planning of business. |
| 2. Attitude |
Formal attitude of doing work. |
Formal attitude of management |
| 3. Risk |
Bears risk. |
Doesn’t bear risk. |
| 4 Prize |
Share profits |
Get Salary. |
| 5. Position |
Owner. |
Employee |
| 6. Requirement |
Huge amount of resources are required. |
Limited resources are required. |
| 7. Inspiration |
Inspired to achieve objectives. |
Inspired to get the task completed |
| 8. Specialisation |
Perform all tasks whether specialized or not. |
Specialised in a respective field |
| 9. Decision Making |
Making decision in every circumstances. |
Making decision on the basis of experience. |
| 10. Scale of operating enterprise |
Establishing enterprises on small scale. |
Run big enterprises. |
| 11. Utilisation of resources |
Entrepreneurs are not worried about resources. They manage them as and when required. |
Management uses the available resources. |
| 12. Important basic quality |
Identifying business opportunities and using them to the optimum. |
Setting up of organisation and maximum utilization of resources. |
