Introduction to Management (LC 2026) (Leaving Cert Business): Flashcards
📚Flashcards
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Practise the cards
10 cards from this deck
Definition of entrepreneur
Definition of entrepreneur
Person who spots opportunities & takes financial risks to start biz
Definition of manager
Definition of manager
Employee handling day-to-day ops & motivating workers
Risk exposure: entrepreneur vs manager
Risk exposure: entrepreneur vs manager
Entrepreneur: significant financial/personal. Manager: job loss only
Daily involvement: entrepreneur vs manager
Daily involvement: entrepreneur vs manager
Entrepreneur: growth opportunities. Manager: day-to-day operations
Employment status: entrepreneur vs manager
Employment status: entrepreneur vs manager
Entrepreneur: works for self. Manager: employed by others
Qualifications: entrepreneur vs manager
Qualifications: entrepreneur vs manager
Entrepreneur: natural abilities. Manager: specialised training
Financial rewards: entrepreneur vs manager
Financial rewards: entrepreneur vs manager
Entrepreneur: high profits/losses. Manager: set salary/bonuses
Innovation role: entrepreneur vs manager
Innovation role: entrepreneur vs manager
Entrepreneur: identify opportunities. Manager: implement ideas
Enterprise skills focus
Enterprise skills focus
Big-picture thinking: decisions, delegation, risk, networking
Management skills focus
Management skills focus
People & operations: leading teams, motivating, communicating