India needs more entrepreneurs than managers-Let us 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. At 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 by virtue of 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 the degree only when an Entrepreneur can be making by experience and he can make as many managers under it which may again can become an entrepreneur.
Entrepreneur and a manager are like the driver 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 in-spite of being provided with an efficient driver. The driver decides the direction and reach 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 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 do we(Indians) need more entrepreneurs than managers in current scenario? I would say YES.
The two main issues of concern for the transition of Indian 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 utilising them for its growth. Again main reason for this is lack of opportunities which meet the standards of intellectuals.
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 actions? 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 near future. Managers do a fine job by ensuring that the ideas implemented are properly functioning. But what will they do if there is no idea? Mark Zuckerberg to Bill Gates all of them have one thing common : they thought out of the box, they possessed the 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.
An entrepreneur is a manager in itself, even he is more than a manager serving more people, takes more risk and responsibility compared to a manager. So in my opinion society needs an entrepreneur first than a manager. More over an entrepreneur initiates a new business, concept and serves the society various ways where as a manager undertakes limited risk and works for the organisation and serves the purpose for which he/she is employed for. We must foster and develop the environment where entrepreneurs are appreciated, assisted and recognized if we want to see any Microsoft like company coming from India.