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
