How Successful Entrepreneurs Impact the Social Economy
Added on 2020-01-16
16 Pages5253 Words52 Views
Entrepreneurship
Table of ContentsINTRODUCTION...........................................................................................................................1TASK-1............................................................................................................................................1P1 Types of entrepreneurial ventures.....................................................................................1P2 Similarities and differences between entrepreneurial ventures............2P3 Micro and small businesses impact on the economy..................................4P4 Business start –ups will contribute to the growth of the social economyafter ‘Brexit’......................................................................................................................5P5 Characteristics, traits and skills of two successful entrepreneurs.......5P6 Reflect entrepreneurial motivation and mindset...............................................................7P7 Background and experience can hinder or foster entrepreneurship...7M1 Understanding of entrepreneurship in both the public and corporatesector...................................................................................................................................8M2 Large businesses make to the economy, applying relevant data and statistics................8M3 Examine different lines of argument relating to entrepreneurial characteristics............9M4 Influence of personal background and experience to specific successful entrepreneurs.9D1 Scope, development and growth of entrepreneurial ventures.........................................10D2 Impact on different levels of the economy in a local, regional, national and internationalcontext..................................................................................................................................10D3 Skills and motivational drivers of successful entrepreneurs, supported by specificexamples...............................................................................................................................10D4Experience influences entrepreneurs, both positively and negatively, by comparing andcontrasting examples............................................................................................................10CONCLUSION..............................................................................................................................11REFERENCES..............................................................................................................................12
INTRODUCTIONThe entrepreneurship is the process that can help in creating a venture business successfulas for making a business useful the entrepreneur should create a strategy that they should havebetter resources in business and hence it can help in making the business successful. And henceentrepreneurs have to create a better finance as well that can help in making the businesssuccessful (Drucker , 2014). It can also help in economic growth in economy and hence businessof any entrepreneur will flow in better and smooth manner that can help in business aspect.Entrepreneurs takes all the risks that are generated in business and try to solve that particular riskthat had been generated in a company as well as economy (Kirzner , 2015). Entrepreneurs helpsin promoting different strategies and resources that are beneficial for the growth aspect inparticular business and hence this can help the economic growth as well as growth in anparticular organization. The main aspect is that it tells about a research that entrepreneurs do thatcan help in growth of an organization as well as economic growth of an economy. It also tellsabout a small scale business that can have a great impact for growth aspect.TASK-1P1 Types of entrepreneurial ventures.Entrepreneurial ventures are those that support the venture of an organization when theyare facing some particular risk and they are a safeguard of an particular organization. These arethe main that supports in the growth of an organization and provides all relevant information thatwhat can be done to make a risk free organization. Some of basic types of entrepreneurialventures are as follows:Small Business Entrepreneurs: These are small scale business in which entrepreneursjudge the basic things about a problem that had been occurred and try to resolve a particular riskaccording to the research and also helps in generating a better innovation tool that can help ingrowth of business in small scale. Small scale entrepreneurs create a different strategy that canhelp the organization and growth aspect as well. Start-up Entrepreneurs: These are those entrepreneurs that can help from beginning ofsetup of an organization and hence generates a better strategies that can help in making thebusiness successful and hence organization can survive.1
Large company Entrepreneurship: These are large scale industries and hence itbecomes difficult for entrepreneurs and making a strategic decisions for betterment of anindustry becomes difficult for entrepreneurs because of bigger risks. Social Entrepreneurship: These are those that decides for the welfare of society and thiscan help in better improvement for economic growth as well.Some of the entrepreneurship that can relate typology would be that it can help in thebetter growth of economy, creates innovation, risks can be solved and many more that can helpin making the business successful (Barringer , 2012). It also helps in creating a better ideas andtools that can helpin generating a better momentum for growth in an organization and hence it can help in creatingan achievement for the economic and social welfare. It creates a typology more effective andefficient for organization as well as economy that generates more profit and hence business runsin better and most effective manner also.P2 Similarities and differences between entrepreneurial ventures.2
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