NISA Retail Company - Entrepreneurial Ideas | Report
Added on 2020-02-05
15 Pages5144 Words33 Views
Entrepreneurship andsmall businessmanagement
Table of ContentsINTRODUCTION....................................................................................................................................................3TASK 1.....................................................................................................................................................................3P1 Different types of entrepreneurial ventures ..................................................................................................3P2 Differences between entrepreneurial ventures..............................................................................................4M1 Entrepreneurship in the public and corporate sector...................................................................................6D1. Scope, Growth and Development of Enterprise..........................................................................................6TASK 2.....................................................................................................................................................................7P3 Micro and small businesses impact on the economy.....................................................................................7P4 Important small businesses to the growth of the social economy after ‘Brexit’...........................................8M2 Small, medium and large businesses make to the economy........................................................................8D2. Impact of Small Scale Industries on different levels of Economy...............................................................9TASK 3.....................................................................................................................................................................9P5. Characteristic, traits and skills of Successful Entrepreneurs........................................................................9P6. Entrepreneurial Mindset and Motivation....................................................................................................10M3 Entrepreneurial characteristics...................................................................................................................11D3. Successful Entrepreneurs Motivational Drivers........................................................................................11TASK 4...................................................................................................................................................................12P7. Background and Experience Affecting Entrepreneurship..........................................................................12M4. Relation between the entrepreneurs, background and characteristics. ....................................................13D4. Positive and Negative aspects of Background and Experience................................................................13CONCLUSION......................................................................................................................................................13REFERENCE ........................................................................................................................................................14
INTRODUCTIONEntrepreneurship is a action or operation of developing,designing or managing abusiness in a unique way. In a simplified manner it is defined as the starting of any smallbusiness with a creative idea. A entrepreneur is the person who starts it. It is a spirit ofinnovation and where risk taking ideas are involved. Generally, it is a start-up with smallscale investments involved in it. When a new venture comes in the market it comes with avision,goals and targets, other than this it have to be something which does not exist in themarket and if it does exist than there should be any modification in it. The major target of thisis to introduce something new in the competitive marketplace. People should have reason forbuying or adopting your product, idea and innovation (Drucker, 2014). Nisa which is a retailcompany has grocery stores in UK regularly comes out with certain entrepreneurial ideaswhich attracts people to them.TASK 1P1 Different types of entrepreneurial ventures .An entrepreneur is an individual who start a business and run a company use withlimited resources and planning, organising, controlling or taking accounts of all the risk andreward of their business venture(Lee-Ross and Lashle, 2010). A business venture may also beconsiders a small business. Most business ventures are creates on demand of the marketunavailability of supply of products in the market. This report related to NISA retail limited isa brand or buying groups of retrials and whole sellers. There are four types of internarialventure;Small Business Entrepreneurship- This types of enterprises are privately owned,partnership or sole proprietorship that have fewer employees minimum annual revenue than aregular size corporation. Small business are grocery stores, travel agents, internet commercestore fronts, consultants, hairdressers, carpenters, plumbers, electricians, etc. NISA companyis a mutual organization owned by its members and operating. The company using the
collective buying power of the large group of members to negotiate deals with supplier in themarket. Scalable Start-up Entrepreneurship- A start up company is type of entrepreneurialventure which is typically are new emerged, fast growing business in the marketplaces needby to developing innovative products and services they attract investment from equally crazymoney investors such as venture capitalisation. This company buying the small groups ofretailers to start owned stores with limited revenue and employers to provide products to theconsumers. Large Company Entrepreneurship- This type of enterprises have fifteen life cycle.Its most grow through sustaining innovation in their services, offering new products with newcreativity that are various around their core products and services(Storey and Greene, 2010).In current environment change in the customer taste and more competitors in the market cancreate pressure disruptive innovation requiring large companies to create new products soldto new customers in new markets. Company can adopted new techniques fro creativity ingoods to create new market to target more consumers. Social Entrepreneurship- This type of entrepreneur focus on creating goods andservices for solve the social problems and fulfil the people need and wants according thedemand. In some situation scalable start up their objective to make the market a better place,not to capture the market or to create to wealth for the founders for society and they may benon profits. Profit or hybrid(Schaper and et. al, 2014). NISA company buying the smallwhole sellers for better supply chain management in the market. The topology identify thesimilarities and differences among the broad range of individuals and organizations engagedin social entrepreneurship in the marketplaces.P2 Differences between entrepreneurial ventures.There are many types of enterprises in market to providing products and services tothe customer demand in the market. They all business different with each others in manyways like start-up of businesses, products supply chain methods, sales, ownership and usedifferent types of strategy in the market.Types of venturesDifferencesSimilarities
End of preview
Want to access all the pages? Upload your documents or become a member.
Related Documents
P3. Impact of micro and small businesses over economylg...
|15
|4821
|37
The Role of Small and Start Up Businesses in Social Economy Growthlg...
|15
|4821
|345
Entrepreneurship and Small Businesses Management : assignmentlg...
|16
|4681
|43
P1: Types of Entrepreneurial Ventures and typology of Entrepreneurshiplg...
|15
|3926
|27
Report On Influence Of National Culture & Economy On Entrepreneurshiplg...
|18
|5506
|58
P1 Different types of entrepreneurial venture and its relationlg...
|13
|4404
|483