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Report on Entrepreneurship Activities of Dalian Wala Group and Infosys Company

   

Added on  2020-06-04

13 Pages3421 Words75 Views
ENTREPRENEURSHIP AND SMALL BUSINESSMANAGEMENT

Table of ContentsINTRODUCTION...........................................................................................................................1Main Body.......................................................................................................................................1P.1. Examine different types of entrepreneurial ventures and explain how they relate to thetypology of entrepreneurial.........................................................................................................1P.2. Explain the similarities and differences between social entrepreneurship and lifestyleentrepreneurship..........................................................................................................................2P.3. Interpret and assess relevant data and statistic to how SME's impact on the UK economy3P4 Explanation about the significance of small business enterprise and business start up to thegrowth of social economy in the UK..........................................................................................4P5 Determination about the characteristics and traits of skills of the two entrepreneurassociated with case studies........................................................................................................4P6 how aspects of the entrepreneurial personality of both entrepreneurs reflect theirentrepreneurial motivation and mindset......................................................................................6P7 Different environments/environmental factors that foster or.................................................7hinder entrepreneurship..............................................................................................................7CONCLUSION................................................................................................................................8REFERENCES................................................................................................................................9

INTRODUCTIONEntrepreneurship is an activity of setting up a business or business taking on financialrisk in the hope of profit. The people who start and create the business is known as entrepreneurand he/she has capability and willingness to develop, organize and manage the business unitalong with any of its risk order to make a profit. The current report provides the detail knowledgeand understanding about the entrepreneurship activities of Dalian Wanda Group and Infosyscompany (Fayolle and Liñán, 2014). Similarity and differences between social entrepreneurshipand life style entrepreneurship has been systematically addressed in this report. Furthermore,significance of the small business enterprise and business start up to the growth of the socialeconomy in the UK has been also discussed in this present report. This assignment also definesthe characteristics, traits and skill of the two entrepreneurs with respect of different case studies.Main BodyP.1. Examine different types of entrepreneurial ventures and explain how they relate to thetypology of entrepreneurialAn entrepreneur is a person of group of business activities, they have potential to takerisk at high level and bring the business at successful way efficiently. An entrepreneur plays avital function by which contribute the economic growth of the country and make generation ofrevenue from the market in efficient way (Goffee and Scase, 2015). They are related to differentkinds of typology in the business environment in effectively and needed to managed efficientlywithin their industry effectively. Varied of entrepreneurs are presented here in the country whichworks for several kinds of purpose in the industry properly. Each of them is different and uniquefrom each other in the industry efficiently. Different types of entrepreneurial venture as following: Small businesses' entrepreneur: Small business venture are mad of several kinds ofideas and small innovative thoughts in the society. There are variety of small business enterprisesare working in the country and generating profitability effectively (Stokes, Wilson and Wilson,2010). Entrepreneurial exercise allow businessman to execute their innovative activities in orderto create economic growth efficiently and resolve communities issues properly within thebusiness environment efficiently. Small business venture in the country such as, small retailers,barbers, electricians, stationary etc. 1

Scalable start-up entrepreneurial venture: Scalable start-ups are those which are newlyemerged in the business industry effectively. They have major goals of making changes in thesociety by introducing new ideas and technological changes in the society which makecontribution to large scale of sustainable development in the society efficiently. They furnishdifferent kinds of unique product and services according to demands of communities effectively.Social entrepreneurial venture: Social entrepreneurial deliver some effective productand services according to social needs and demands of transformation in various sector such aseducational, healthcare, environmental and enterprise sector, and some social development andwelfare plans in the community effectively. They provide services in order to social welfare inthe community efficiently.P.2. Explain the similarities and differences between social entrepreneurship and lifestyleentrepreneurshipSimilarity and differencesSocial entrepreneurshipLifestyle entrepreneurshipSocial entrepreneurship make major focus onappropriate developing and welfare of societyby furnishing efficient services and innovativeproducts which assist them to make properevolution. Social entrepreneurs works in the industry inrespect to generating profitability and help theneeded persons in the communities (Malhotraand Temponi, 2010).Social venture care about the things which isinvestors in the organisation, they areinterested to attract investor to makeinvestment in some essential parts of the firmin terms of proper improvement inLifestyle entrepreneur making efforts in orderto furnishing innovative services tocommunities to resolve their several issues inthe society in more efficient form.Lifestyle entrepreneur works in the industrynot for generating profitability, they work onlyfor creating positive image in the industry bydoing great job in the industry efficiently.Lifestyle venture do not want to give answer totheir investor in the industry about tocompany's growth in the market and they starta business that does not have initialprofitability in the company.2

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