Factors Motivating Romanian Entrepreneurs to Set Up Business in the UK

Business and
Management
Dissertation

Table of Contents
TOPIC .............................................................................................................................................1
A) INTRODUCTION......................................................................................................................1
Overview of project area ............................................................................................................1
B) Theoretical Background and Research Focus ............................................................................1
Literature Review .......................................................................................................................1
Research Aim .............................................................................................................................5
Research Objective .....................................................................................................................5
Research Questions ....................................................................................................................5
C) Justification and Contextualization.............................................................................................5
Project Rationale ........................................................................................................................5
D) Methodology ..............................................................................................................................6
Research Philosophy ..................................................................................................................6
Research Approach ....................................................................................................................7
Methodology and Research Design............................................................................................7
Data Collection Method .............................................................................................................7
Data Analysis..............................................................................................................................8
Ethics ..........................................................................................................................................8
Sampling ....................................................................................................................................8
Limitations .................................................................................................................................8
E) Bibliography ..............................................................................................................................9
REFERENCES..............................................................................................................................10

TOPIC
“Examining the factors that motivate Romanian entrepreneurs to set up business in the
UK”
A) INTRODUCTION
Overview of project area
The aspect of Entrepreneur and Entrepreneurship became one of the most familiar
concept in current market across the globe because they are tend to be linked with economic
development. For achieving success, motivation and challenges are two importation component
which is directly associated with entrepreneurial activity. Hence, motivation is viewed as
essential factor for empowering an individual to reach to their desired goal within prescribed
time duration. Likewise, in relation to entrepreneur, this concept also play a vital role as they are
powerful drivers for enriching economic state by generating employment opportunities, adopting
innovation and many more (Acs, Szerb and Autio, 2017). Due to such action, it influenced the
condition of any particular community or society in a positive way as it improve their living
standard in a better mode. In relation to this research, it is wholly emphasise over motivating the
Romanian entrepreneur for setting up the business in UK industry. As per the recent research, it
has been identified that Romania is a first country in European Union who take initiative in
running own business and it was around 32.7%. This rate is more than double the average within
the European Union. Hence, in this study, it covers research aim, objective, question which
provide proper direction and guidance for completing the project in an impressive way,
Additionally, various ideas related to research title is expressed in the form of literature review.
Finally, explanation of various methodology which current research study implies for developing
valid and authentic report in a stipulated time duration.
B) Theoretical Background and Research Focus
Literature Review
To understand the importance of motivating Romanian entrepreneurs in terms of establishing
business.
According to Marianne Chrisos, 2018, Entrepreneurs is the one who take an initiative to
start up the new business venture with an aim of bearing all sort of risk and profit by its own.

The role of entrepreneurs plays a significant role in the aspect of enhancing the economic
situation as it generate various benefits like enormous job platforms, accessing to innovative
technology, enhancing the well being of society and etc. This is because, the primal function
which majority of the entrepreneurs implies within their entrepreneurial activities are innovation
and risk taking. Due to which, it lead them to face all current or emerging threat and challenges
in an improved or amended style without any hindrances (Cumming and Zahra, 2016). IN the
perspective of entrepreneurs, there are various factors which empower them to run their own
business venture such as financial support, enough resources, manpower, capital and other. With
the allocation of these resources in a proper manner, it lead them to obtain profit maximisation
within prescribed time limit in competing marketplace. Hence, the term entrepreneurship is
becoming very familiar in Romanian culture as it has been tend that they have the great
potentiality to become of the most successful and vibrant entrepreneurs among competitors in
this current era of competitive world. Each entrepreneurs are different and unique from each
other in regard of personality, attribute, way of performing activities and many more.
Furthermore, as per current scenario of UK marketplace reason that shows that it plays a huge
influence over its economy for inviting the Romanian entrepreneur within their industry (Role of
Motivation in Entrepreneurship, 2018). This is because, the UK economy is underperforming in
compare to other European competitors and the state realises that to enhance the growth level in
economy, they must take an effort to support small business in its location. The primal
determinant which UK acquired by motivating Romanian entrepreneurs in its market is that it
help them to reduce the turnover ratio as it is one of the topmost issue that UK economy
undergoes. So, by making an initiative by Romanian entrepreneurs assist UK to enrich its overall
turnover ratio in an improved mode. The another aspect which impose great advantage over UK
with the initiation from Romanian entrepreneur is that provide extreme level of job creation to
individuals that improves the standard of living in a better way. In perspective of business
growth, Romanian ventures enable UK to acquire high level of productivity and profitability
ratio among competitors in a desired time duration. Along with this, it explore the utilisation of
innovative or artificial intelligence technologies in every sector of organisation. With the help of
such positive outcome, it has been examined that it is important for UK to motivate Romanian
entrepreneurship within their nation.