Unit 9 : Entrepreneurship & Small Business Management

ASSIGNMENT 1 FRONT SHEET
Qualification BTEC Level 4 HND Diploma in Business
Unit number and title Unit 9: Entrepreneurship and Small Business Management
Submission date 15/08/2021 Date received (1st submission)
Re-submission date Date received (2nd submission)
Student name CAO XUAN SANG Student ID GBD191262
Class 495-GED0901A Assessor name NGUYEN MINH HAI
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I certify that the assignment submission is entirely my own work and I fully understand the consequences of plagiarism. I understand that
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Contents Introduction .................................................................................................................................................................. 4
Explore and illustrate the range of different entrepreneurship ventures .................................................................... 5
I. Different types of entrepreneurial ventures .................................................................................................... 5
II. The similarities and differences between entrepreneurial ventures ............................................................... 9
1. The similarities .................................................................................................................................................. 9
2. The differences ............................................................................................................................................... 11
III. Evaluate the impact and importance of small businesses on the economy .................................................. 14
1) The impact of the chosen small businesses on the economy. ....................................................................... 14
2) The importance of small businesses and business start-ups to the growth of the social economy .............. 18
Conclusion ................................................................................................................................................................... 20
References .................................................................................................................................................................. 21
Figure 1 the four main types of small businesses ......................................................................................................... 5
Figure 2 Summary of economic situation in the country ........................................................................................... 15
Figure 3 Percentage of businesses affected by Covid-19 by size, type of business and economic sector ................. 16
Table 1 differences between entrepreneurial ventures ............................................................................................. 12

Introduction
Many other sorts of entrepreneurs are currently on the increase, making a big effect and
being vital to every country. The researcher will address the variety of company kinds and
economic performance assessments of four firms, covering all types: small business, scalable
startup, high growth firms, social enterprise (one state-owned company). By analyzing and
measuring the effect of various business environments, this study will provide organizations
with business advice and market knowledge. To better understand, the researcher has
selected 4 companies representing 4 types of business to study:
Small business- Foodmap. Asia is a platform that connects farmers and producers to
customers in order to showcase Vietnamese agricultural goods and specialities.
Foodmap.asia is always striving to enhance service quality in order to provide outstanding
and secure purchasing experiences for agricultural products. Customers will benefit from
utilities while shopping online at Foodmap.asia. FoodMap is an e-commerce website that
focuses in safe agricultural goods connected to UFO Technology and Trading Joint Stock
Company (UFO Technology). FoodMap now creates three distinct brands: Delicious
Specialties (such as sugar, honey, veggies...), Maloka (tea and coffee), and HappyNut
(nutrition nuts) (startup.vnexpres, 2021).
Scalable startup- Google LLC is an American multinational technology company that
specializes in Internet-related products and services, including online advertising
technologies, search engines, cloud computing, software and Hardware. It is considered one
of the Big Four technology companies, along with Amazon, Apple and Facebook (Hằng, 2021).
High growth firms- Unilever corporation Unilever is a brand established by the UK and the
Netherlands, has been present in many different countries and was present in Vietnam in
1995. Over 25 years, Unilever has had a distribution system. Nationwide sales through more
than 350 major distributors and more than 150,000 retail stores. With a wide range of
products in different fields such as FMCG, beverages, food... (Unilever, 2021)

Social enterprise- KOTO is a not-for-profit social enterprise that empowers at-risk and
disadvantaged youth in Vietnam through its holistic hospitality training program (KOTO,
2019).
Explore and illustrate the range of different entrepreneurship
ventures
I. Different types of entrepreneurial ventures
a. Small Business:
Figure 1 the four main types of small businesses
Definition: “A small business is defined as an independently owned and operated company
with restricted size and revenue based on the industry. After reviewing the available
information on definitions on small business, some trends have prevailed as to variables most
often used to delineate between small and large business. These variables include:
• Number of employees
• Annual sales
• Amount of assets

• Management organization structure
• Dominance in its operating industry
The number of employees is the most often used definition of a small business, with numbers
ranging from less than 50 employees being considered small to less than 1000 employees
being considered small.” (Osteryoung & Newman, 1993).
Link with each chosen company: Vietnam has a large agricultural sector and exports a variety
of commodities such as rice, coffee, cotton, peanuts, rubber, sugarcane, and so on. Aside
from these things, there are a plethora of other commodities, such as fruits and vegetables,
that businesses may process and sell to clients while making a profit. “FoodMap began with
a zero: no cash, a borrowed 20m2 office, a website, supplier-supported items, and debt.
FoodMap's most significant asset has always been enthusiasm. The founders' unwavering
love for Vietnamese agricultural goods and their intimate knowledge of the Vietnamese
agricultural business” (Dương, 2021). A platform to introduce Vietnamese agricultural
products and specialties by connecting farmers and producers to consumers. FoodMap e-
commerce website specializes in providing safe agricultural products related to UFO
Technology and Trading Joint Stock Company (UFO Technology). Currently, FoodMap builds
three separate brands: Delicious Specialties (such as sugar, honey, vegetables...), Maloka (tea
and coffee), and HappyNut (nutrition nuts). Aiming at using technology to enhance the value
of Vietnamese agricultural products, FoodMap makes traceability a mandatory condition for
all producers or farmers, and at the same time makes a separate brand for agricultural
products unique, but difficult to compete in big exchanges because there is no brand
strength, but FoodMap now has a significant number of consumers and manufacturers as a
result of its ability to attract buyers and persuade sellers to become farms or producers.
Currently, the firm works with over 100 farmers and manufacturers to deliver products from
more than 20 provinces to over 5,000 end customers and merchants (startup.vnexpres,
2021).
b. Scalable Startup: