Differences between entrepreneurs and trustees
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The document outlines the key differences between entrepreneurs and trustees in an organization. Entrepreneurs have a greater focus on the short term, prioritize identifying opportunities, believe in outsourcing resources, and are interested in rapidly growing and scaling up their business. Trustees have a strategic focus, prioritize ensuring available resources, believe in owning resources, emphasize maximizing profits and efficiency, and lead more bureaucratic organizations with standardized reward systems.
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Differences between entrepreneurs and trustees
- 1. PROF VENKATESH GANAPATHY ASSOCIATE PROFESSOR (MARKETING) PRESIDENCY BUSINESS SCHOOL DIFFERENCES BETWEEN ENTREPRENEURS AND TRUSTEES
- 2. ENTREPRENEUR • Greater focus on short term • Identification of opportunities is priority • Believe in outsourcing of resources • Interested in growing and scaling up the business • Less bureaucratic • Rewards based on exceptional merit TRUSTEES IN AN ORGANIZATION • Strategic focus • Availability of resources is priority • Believe in owning resources • Greater focus on profits and maximizing efficiency of capital • More bureaucratic • Rewards based on company’s turnover and HR processes