Explain the role & work of entrepreneur in enterprise?

1.	Explain the role & work of entrepreneur in enterprise?
Answer» Following are the role and work of entrepreneur in an enterprise : (I) Regulating relation development: 1. Searching opportunity in the market. 2. Utilisation of scarce resources. 3. Purchasing the raw material. 4. Making products ready for distribution and competition. (II) Political administration: 1. Managing human relations inside the enterprise. 2. Managing good relations between customers & suppliers. 3. Managing the bureaucracy (III) Management Control: 1. Financial management. 2. Production management. (IV) Technical knowledge: 1. Establishment of new enterprises. 2. Keeping the production cost low in production unit. 3. Applying latest, modern production techniques. 4. Bringing the new products in the market

Answer»

Following are the role and work of entrepreneur in an enterprise :

(I) Regulating relation development:

1. Searching opportunity in the market.

2. Utilisation of scarce resources.

3. Purchasing the raw material.

4. Making products ready for distribution and competition.

(II) Political administration:

1. Managing human relations inside the enterprise.

2. Managing good relations between customers & suppliers.

3. Managing the bureaucracy

(III) Management Control:

1. Financial management.

2. Production management.

(IV) Technical knowledge:

1. Establishment of new enterprises.

2. Keeping the production cost low in production unit.

3. Applying latest, modern production techniques.

4. Bringing the new products in the market

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