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MGT 300 - Week 1 - DQ 1

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Compare and contrast entrepreneurship with working in a corporate environment as a department
head. What are some responsibilities, rewards, and risks associated with each role? How does this
affect your decision to be an entrepreneur instead of working in a large company?
There are several advantages to being an entrepreneur compared to working as a department head in a
corporate environment. An owner of a business has more independence than an department head who
is controlled by top management. Entrepreneurs are able to make personal decisions such as when you
are going to work as well as decisions for the company. The owner has the ability to make the final
decisions regarding the business and what is best for the business. Also, an entrepreneur does not have
to answer or be told what to do like a department head would. The department head has to respond to
and follow what the top management wants done.
An entrepreneur has the important responsibility of making the final decisions regarding the business.
If a bad decision is made they are held responsible and must handle the consequences that occur due
to the bad decision. Also, the long hours and hard work that is associated with owning a business can
be very stressful. When starting a business there is the risk of the business failing and the owner
losing financial investments, savings, as well as having psychological effects. However, if the
business is successful there may be large profits and income. The owner is able to feel
accomplishment and happiness knowing the business was a success because of them.
A department head in the corporate environment faces the risks of getting in trouble for not following
top management and the possibility of getting terminated. The department head is responsible for
making decisions for the department and must take responsibility for the managers and employees
within the department.

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Compare and contrast entrepreneurship with working in a corporate environment as a department head. What are some responsibilities, rewards, and risks associated with each role? How does this affect your decision to be an entrepreneur instead of working in a large company? There are several advanta ...
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