Entrepreneurship and Managment are two pillars of business. Business is a process of creating vlaue. Value is something for which customer is willing to pay. Entrepreneurship is the process of identifying a new value and making a business out it. Bill Gates of Microsoft was a entrepreneur when he identified software as a value on which business can be built. Larry Page was an entrepreneur when he recognized that web search can be of immense business value.
Management on the other hand is the process of running an existing business ( or offering the value created by entrepreneurship.
Business without management is chaotic and directionless and with out entrepreneurship become stale too fast.
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Posted By Ravindra Dastikop to Management & Entrepreneurship at 11/30/2008 07:40:00 PM
Management on the other hand is the process of running an existing business ( or offering the value created by entrepreneurship.
Business without management is chaotic and directionless and with out entrepreneurship become stale too fast.
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Posted By Ravindra Dastikop to Management & Entrepreneurship at 11/30/2008 07:40:00 PM