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India needs more entrepreneurs than managers first start by defining who an entrepreneur is. An entrepreneur is a person who takes risks, puts in effort & perseveres to achieve the end result. In the end, he may be rewarded for his effort. He sets examples and shows other people that a certain thing can be achieved by being an example himself. A manager under his profession is normally assigned a particular task & assigned some resources. He has to complete the assignment with the constraints imposed on him.
An entrepreneur should be a good manager to manage his team & his resources. Managerial skills are essential for an entrepreneur to succeed.
A manager can be built with a degree only when an Entrepreneur can be made by experience and he can make as many managers under it as he can again become an entrepreneur.
Entrepreneur & Manager: Wheels of the Organization
An entrepreneur and a manager are like the drivers and wheels of an organization. Any sophisticated and branded car no matter how beautifully it is designed, cannot ascend unless it is driven by someone (an entrepreneur). On the other hand, when the same car doesn’t have wheels (the manager), it cannot move ahead despite being provided with an efficient driver.
The driver decides the direction and reaches the destination with the help of the wheels. Similarly, the entrepreneur sets the goals and the manager takes all the risk to reach the desired goals. It demands the knowledge (Innovation) of the entrepreneur and the skill (Ability) of the manager.
I agree that both entrepreneurs and managers are equally important for a firm to flourish. But the discussion here is not about deciding who is superior to the other, it is about whether we(Indians) need more entrepreneurs than managers in the current scenario? I would say YES.
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Addressing Poverty & Unemployment
The two main issues of concern for the transition of India from developing to developed are poverty and unemployment. The only way to alleviate them is by creating opportunities. So the need of the hour is to have more people who create opportunities i.e. entrepreneurs rather than managers as they are mere job seekers.
The other issue of concern is ‘brain drain’. Even though India has been one of the best producers of intellectual minds in the world it has not been utilizing them for its growth. Again main reason for this is the lack of opportunities that meet the standards of intellectuals.
The Power of Innovation:
As Leonardo DiCaprio would say: “An idea is the most resilient, highly contagious parasite. Once an idea has taken hold of the brain it’s almost impossible to eradicate”. But who will bring those ideas into action? Those who dare to bring their ideas into practice and create something new, something innovative are the real leaders in today’s highly competitive world. If you run out of ideas you are gonna lose the race sometime in the near future. Managers do a fine job of ensuring that the ideas implemented are properly functioning. But what will they do if there is no idea? Mark Zuckerberg to Bill Gates all have one thing in common: they think out of the box, and they possess a highly entrepreneurial spirit. And today we have Apple, Facebook, and Microsoft. Why do we fail to create such world-class companies? because of the lack of entrepreneurs.
Conclusion:
An entrepreneur is a manager in itself, even if he is more than a manager serving more people, and takes more risk and responsibility compared to a manager. So in my opinion society needs an entrepreneur first than a manager. An entrepreneur initiates a new business, or concept and serves society in various ways where whereas a manager undertakes limited risk works for the organization, and serves the purpose for which he/she is employed. We must foster and develop an environment where entrepreneurs are appreciated, assisted, and recognized if we want to see any Microsoft-like company coming from India.
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Does India needs More Entrepreneurs than Managers?
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Does India need more entrepreneurs as comparison to Managers? Provides the general Idea and some of the top entrepreneurs are also discussed above.
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SOUMYA KARMAKAR
#India #Entrepreneurs #Managers