Different types of entrepreneurial ventures and their connection with typology of entrepreneurship

This presentation explores the different types of entrepreneurial ventures and their connection with the typology of entrepreneurship. It discusses the similarities and differences between these ventures and analyzes their range in both the public and corporate sectors. It also examines the scope, development, and growth of entrepreneurial ventures.

Entrepreneurial
ventures
TASK1

Table of Contents
•Introduction
•Different types of entrepreneurial ventures and how they are connected with
typology of entrepreneurship
•Similarities and differences between entrepreneurial ventures.
•Analyse range of entrepreneurial ventures to demonstrate understanding of
both public & corporate sector
•Examine the scope, development and growth of entrepreneurial ventures
•Conclusion
•Reference

Introduction
Entrepreneurship is defined procedure in which a entrepreneur can identify
and develop a new business entity with the help of a innovative idea in the
market. Major aim of all entrepreneurial ventures is to earn higher amount of
profits and bring some positive changes in the society and its overall
functioning. There are any activities that are part of entrepreneurial ventures
such as arrangement of resources such as financial, human etc. So that it can
be collected together and then work for achievement of their overall
objectives.

Different types of entrepreneurial ventures and how
they are connected with typology of entrepreneurship
Entrepreneur is a person that is responsible for development of unique
ideas and creativity for the purpose of achievement of laid business
objectives. They are actually responsible for conversion of idea into a
business.
Intraprenuer: It is regarded as the working staff of the company ho has
mainly assigned the work of creating innovative ideas and thoughts. They
have all the resources that is available in the organisation so that business
can be performed with more dedication.

Continue
Enterprise is a process in which various business functions and operations
are undertaken with a motive of earning higher amount of profits. There is
investment of funds in such a way that maximum benefits can be undertaken
in terms of financial profits.

Continue
Entrepreneurship is a wider and broader concept and requires skills as
well as knowledge to understand it thoroughly. So, in business there are four
types of entrepreneurship which are discussed below-
•Small entrepreneurship-
•Scalable Entrepreneurship
• Large scale Entrepreneurship
•Social Entrepreneurship

Similarities and differences between entrepreneurial
ventures.
BASIS Public enterprises Private enterprises Social enterprises
DIFFERENCE
Objective
Main objective of such venture is to
provide service to the society.
To acquire the market and increases sales
revenue.
Their objective is to solve people
problem so that peace is established
within the environment.
Structure They follow horizontal structure. In this, most of organisation adopts
horizontal but sometime turn into vertical
too depending upon the situations and
events,
These enterprises follow flexible
structure; horizontal+ vertical.
Size These are wider in size and grow
accordingly. For example- NHS service
UK.
Such type of enterprises is also larger in
size and employee individual at broader
level. For example- IBM
Size of these are limited because they
grow and develop at slow scale.
For example- Leonard Cheshire
Disability

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BASIS Public enterprises Private enterprises Social enterprises
Size
SIMILARITIES
Customer focus
Base
These are wider in size and grow
accordingly. For example- NHS service
UK.
Public enterprises focus on providing
services to customers and people.
These mostly depend upon market as
well as public.
Such type of enterprises is also larger in
size and employee individual at broader
level. For example- IBM
They main source of generating profit is
customer so they also target customers
with revenue motive.
Such enterprises are dependent on
customers.
Size of these are limited because they
grow and develop at slow scale.
For example- Leonard Cheshire
Disability
Social enterprises focus on customers but
with motive of serving and helping
people.
Their main base is society though which
they operate their business.

Analyse range of entrepreneurial ventures to
demonstrate understanding of both public &
corporate sector
Entrepreneurial ventures are of various types which are public, private and
corporate ventures. Public sector are those in which main motive is to help
people and provide services at affordable rate. Whereas corporate sector
those in which main motive is to earn profit and increase sales revenue.
Ventures affect both the public and corporate sector at deeper level. So,
proper analysis is to be done when selecting the ventures.

Examine the scope, development and growth of
entrepreneurial ventures
Public ventures have scope in helping people at international level
depending upon their service quality. Development of these ventures is
rising at rapid level. Growth of such ventures depend upon public and
society how they maintain relationship with people. Private ventures have
scope of accessing business globally. Development of such ventures
depends upon the market situations and trends. Growth is private is slow
because of uncertainty of market. Corporate have lower scope in business,
development of venture is undetermined and growth is slow when it

Conclusion
After a brief analysis above report it is concluded that sales management is
wider and broader concept. It requires high level of expertise and knowledge
so that process is carried out in effective manner. Entrepreneurship ventures
play vital role in business and range of such venture is also wider. Various
types of ventures are involved such as public, private and corporate.

References
•Ahluwalia, S., Mahto, R.V. and Walsh, S.T., 2017. Innovation in small
firms: Does family vs. non-family matter?. Journal of Small Business
Strategy. 27(3). pp.39-49.
•Burns, P. and Dewhurst, J. eds., 2016. Small business and
entrepreneurship. Macmillan International Higher Education.
•Calic, G. and Mosakowski, E., 2016. Kicking off social entrepreneurship:
How a sustainability orientation influences crowdfunding success. Journal
of Management Studies. 53(5). pp.738-767.