Who is characterized as a person who organizes and manages a business while taking on certain risks?

The individual who is characterized as someone who organizes and manages a business while assuming certain risks is an entrepreneur. This role involves not only the conception and management of business ventures but also embodies the spirit of innovation and initiative. Entrepreneurs identify market opportunities, bring together resources, and make decisions that drive the business forward. They are crucial in creating new products or services and can significantly influence economic growth.

In contrast, investors typically provide capital to a business but do not actively engage in managing it. Managers focus on overseeing operations and achieving organizational goals, often working within the frameworks established by entrepreneurs. Workers perform tasks or functions within the organization but usually do not have a stake in the risks or rewards of the business's success or failure. The essence of entrepreneurship lies in the combination of management, risk-taking, and innovation, which distinctly identifies this role within the business ecosystem.