Importance of Small Businesses and Start-ups in the Social Economy

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Student Name
Student ID
Assessor Name
Group No
Qualification Pearson BTEC Higher National in Business(Management)
Unit Number & Unit Title Unit 9 - Entrepreneurship and Small Business Management
Assignment Title Entrepreneurship and Small Business Management
Date of Submission
Signature: ............................................. Date: ....................................
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ESBM
Introduction
(Briefly state the purpose of this unit and the knowledge expected to gain in completing the
unit.)
The aim for this assignment is to assist anyone trying to understand this subject to gaining the
knowledge and skills desired in the field of entrepreneurship and small business management.
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Task 1
Q1 (P1+M1)
(P1) Examine different types of entrepreneurial ventures and explain how they relate
to the typology of entrepreneurship.
(M1) Investigate a diverse range of entrepreneurial ventures to demonstrate an
understanding of entrepreneurship in both the public and corporate sector.
Entrepreneur:
(Explain who is an Entrepreneur / What is Entrepreneurship?)
Entrepreneurship is the act of creating a business or businesses while building and scaling it
to generate a profit. Entrepreneurship is a person who sets a business in order to aim for a
great profit.
Different entrepreneurial ventures:
Note for students: (Examine/ inspect thoroughly, entrepreneur ventures that fall in the
categories below in order to determine their nature or condition. The examination would
require inspection and examples from the categories below)
 “Creation and development of New Ventures of all types” (Meyer 2009)
 “Based on the Performance of business”
 “Emerging enterprises that May or may not grow, do or do not innovate”
(Mitzberg 1989, Gartner 1990)
 “Firms that are innovative- High Tech firms” (Langlois 2007)
 “Any Established company, small size social venture, High growth firms”
(Shane 2012; Ucbasran et.al 2001; Zahra 2014)
 Any Established company
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 Small size social venture
 Large size social venture
 High growth firms
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