Asked by Keondra Jones on May 12, 2024
Verified
How do entrepreneurs differ from administrators?
Entrepreneurs
Individuals who create, organize, and manage a new business or enterprise, taking on greater than normal financial risks in order to do so.
Administrators
Individuals responsible for the management and operation of organizations or systems, overseeing the implementation of policies and achievement of objectives.
- Distinguish between the roles, risk-taking behaviors, and motivations of entrepreneurs and general managers.
Verified Answer
BM
Brock MartinMay 18, 2024
Final Answer :
Entrepreneurs tend to be more future and externally focused, have a higher tolerance for ambiguity, take more risk, have higher achievement motivation, and possess more specific technical knowledge.
Learning Objectives
- Distinguish between the roles, risk-taking behaviors, and motivations of entrepreneurs and general managers.