Entrepreneurial Leadership Assignment
11 Pages3531 Words262 Views
Added on 2020-05-04
Entrepreneurial Leadership Assignment
Added on 2020-05-04
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EntrepreneurshipEntrepreneurial Team & EntrepreneurialLeadership
Table of ContentsIntroduction...........................................................................................................................................2Literature review...............................................................................................................................2Methodology.........................................................................................................................................3Analysis and Findings...........................................................................................................................4Conclusion.............................................................................................................................................8References.............................................................................................................................................91
IntroductionThe research report will be discussing the attributes of entrepreneurship. The topic Entrepreneurial Teams and Entrepreneurial Leadership has been selected and the opportunities, effectiveness and skills of individual entrepreneur and the entrepreneurial teams have been compared. The focus on small business was paid and both the primary and secondary method of data collection is adopted (Simba & Ojong, 2017). The start-up of Mush: Let’s Do It Together was launched in 2016 whose entrepreneurial ideas are described as well. Lastly the findings and discussion will be done where the charts and graph has been presented as well. Literature reviewAs per Kuratko (2016), entrepreneurship is the starting up the new business venture that consists of the new ideas and values comprising of unique elements which attracts the consumer. The entrepreneur analyses the market situation and move forward accordingly by incorporating the risk factor within with the motive of earning profit and establishing the benchmark in the era of business. The studies show that individual entrepreneur likely to fail more than the entrepreneurial team where the minds of various people work together in different directions and the wise business ideas and policies are adopted to ensure the successof the business venture (Kuratko, 2016). The entrepreneurial leader along with the team couldcreate wonders by utilising their potential and evaluating the latent talent and giving their talent the shape of business venture to create something new and investing their interpersonal qualities within the business taking the business to new hikes. In the present scenario the individual entrepreneur focuses less over the small and medium enterprises (SMEs); moreover the large and medium enterprises are in the trend. According to Storey (2016), the studies have been conducted and it was figured out that entrepreneurial team are not able to handle the large business due to handling of team members as well. At one point where team contributes in the growth of business and popping up of the new ideas on the other side there arises ego problem as multi-talented people come together for the common cause (Storey, 2016). On researching the solutions have been derived to manage the teams as well as the small and medium enterprises so that simultaneous development could be ensured. The entrepreneurial teams and leadership learn more about start-ups and step in the field to learn something new and introduce the world with uniqueness. Hsieh & Lee (2017) states that, the 2
contribution of entrepreneurial teams adds on to the GDP of nation and financial status of country rises along with the creation of job opportunity and corporate social responsibility is focussed upon (Hsieh & Lee, 2016).The overall report discusses upon the entrepreneurial teams and leadership in which the team and individual working has been discussed. The difference between SME and large venture is discussed followed by current situation in context of the prevailing situation in the market. In the research a brief literature is quote along with primary and secondary methodologies. Lastly the analysis and findings are made which is represented by charts and graphs followed by the conclusion. Stage of entrepreneurship has been discussed to know the prevailing situation of United Kingdom and how this start-up could be made more successful and focussing over the small organisations so that hidden area could also flourish and provides support to nation’s GDP. MethodologyThe research method adopted for this report is secondary and primary data. In primary data collection questionnaire has been constructed and opinions of the entrepreneurs and experts have been collected to record and compare the data for gaining authentic and reliable results. The secondary data technique has also been used in which second hand information is gathered from the newspaper, journal articles and other literary work already performed in the similar field by experts (Fallon, 2016).For the primary data collection the questionnaire has been constructed and the feedback from the entrepreneurs, supplier, buyers, investors and other shareholder has been taken. The sample size is been selected and based on that the research is processed. The studyhas been conducted at the small level choosing the sample size of 100 people. Along with the questionnaire, interviews are also conducted individually as well as the group focus interviewsession to access the thinking of people individually and the working that takes place in the teams (Patten, 2016). The effectiveness has been measured on analysing and evaluating the data using the quantitative techniques. The observation method has also been selected where the systematic viewing take place. Working of large enterprises and the impact of political and legal strategies are seen along with their influence on the small enterprises. The observation method helps the researcher in gaining the current and fresh information that actually prevails (Morgan et al, 2017). The drawback of this method is that it’s costly in 3
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