What is the difference between ab entrepreneur and an organiser?
- Entrepreneur: Entrepreneur is the owner of the organisation. He organises the business concern in every aspect. Entrepreneur has to bear the risks of uncertainties of the business. The reward of the entrepreneur is residual in nature.
- Organiser: In a large scale production organisers are only entrusted with the task of organisation of all factors of production and management of the firm. Organisers do not undertake the risks and uncertainties In a joint stock company board of directors are the organisers. They get fixed salaries.