Case Study of Entrepreneurship Report
Added on 2020-07-23
18 Pages4710 Words36 Views
Leadership ManagementEntrepreneurship
|
|
|
Entrepreneurship
Table of ContentsINTRODUCTION...........................................................................................................................1TASK 1............................................................................................................................................1P1. Types of entrepreneurial ventures and their relationship with typologies.......................1P2 Similarities and differences between entrepreneurial ventures.........................................3TASK 2............................................................................................................................................6P3 Interpret relevant data and micro and small businesses impact on economy....................6TASK 3..........................................................................................................................................10P5. Characteristics, traits and skills of successful entrepreneurs.........................................10P6. Assessment of aspects of entrepreneurial personality in reflecting entrepreneurialmotivation and mind-set.......................................................................................................11TASK 4..........................................................................................................................................12P7. Factors that foster or hinder entrepreneurship................................................................12CONCLUSION..............................................................................................................................13REFERENCES..............................................................................................................................14
INTRODUCTIONEntrepreneurship means the process of starting new business by an individual in order totake all rewards and profits earned by business. Thus it is important for an entrepreneur to haverisk taking ability and creating new and innovative ways to operate their business in competitivebusiness environment in more successful manner. Risk can be related with time, cost and equityetc. which must be managed by entrepreneur in order to survive in competitive market world forlonger period. An entrepreneur should achieve success only when they have new ideas ofproducing products more efficiency or developing old products in the new form which attractlarge number of customers (Ács, Autio and Szerb, 2014). The main purpose of preparing thisproject report is to provide the problems or difficulties an individual faces while opening newbusiness. The project covers the different types of ventures along with their typologies and howsuch enterprise can impact on the economy. All the key aspects of entrepreneurial andenvironment that foster or hinder the entrepreneurship also discussed under this report.TASK 1P1. Types of entrepreneurial ventures and their relationship with typologiesEntrepreneurial Ventures: An entrepreneurial ventures is similar as normal businessbut there is some points which makes different with each other. It is an organisation which isdeveloped by an entrepreneur solely with his new ideas and innovations which help them inattaining stable position in competitive market. The success can be achieved only when it dealswith complex environment in an effective way and due to innovative thinking they can able toproduce goods and services which attracts large number of customers.Entrepreneur: He is the only one who think about starting business with availableresources has. An individual becomes a successful entrepreneur only when he has an ability totake risk and make effective decision while performing in complex environment.Types of Entrepreneurs: Serial entrepreneurs: These are the entrepreneurs who start their business continuouslywith his new ideas and innovations and accordingly execute business operations with theavailable resources (Bhachu, 2017).Social entrepreneurs: This is one of the entrepreneur whose main objective of startingbusiness is to provide benefits to society rather then earning profits. They first identify the1
End of preview
Want to access all the pages? Upload your documents or become a member.
Related Documents
Entrepreneurship and Small Business Managementlg...
|15
|3965
|53
Entrepreneurship & Small Business Management Assignment Solution - Doclg...
|13
|3987
|421
Characteristics, traits and skills of successful entrepreneurslg...
|17
|4722
|35
Entrepreneurship and Small Business Managementlg...
|15
|4707
|41
Entrepreneurship and Small Business Management Strategieslg...
|17
|4767
|99
Entrepreneurship and Small Businesses Management : assignmentlg...
|16
|4681
|43