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Essay on Entrepreneurship Project

   

Added on  2020-06-04

14 Pages4664 Words35 Views
ENTREPRENEURSHIP

Table of ContentsINTRODUCTION...........................................................................................................................1TASK 1............................................................................................................................................1P1 Different types of entrepreneurial ventures and their typology.............................................1P2 Similarities and differences between different entrepreneurial venture................................3TASK 2............................................................................................................................................5P3 Assess and interpret the statistics data...................................................................................5P4 Importance of start-up business that contributes growth of social economy.........................6TASK 3............................................................................................................................................7P5 Characteristics, traits and skills of two successful entrepreneurs..........................................7P6 Reflect of successful entrepreneurs with innovations and mindset.......................................9TASK 4............................................................................................................................................9P7 Background and experience to foster hinder entrepreneurship..............................................9CONCLUSION..............................................................................................................................10REFERENCES..............................................................................................................................11

INTRODUCTIONEntrepreneurship is the important activity that assists to grow performances of economyand increase effective results in the country. In this regard, entrepreneurs perform their functionsand operations to develop functions to cater relevant information at workplace. Further, it alsocreates enhancement in the standard of living people at workplace to develop their functions andoperations in the enterprise (Gedajlovic, Honig and Wright, 2013). This is because, it enhancesemployment opportunity at workplace to ascertain effective results. In order to focus on thepresent report, it is based on the Talon Outdoor which is the small sector enterprise of the UK.They are providing different kinds of activities and development in business activities toascertain effective functions at workplace (Webb, Bruton and Ireland, 2013). In this regard,present report covers different ventures that are entrepreneurship business and possess effectivequality to develop effective results. Furthermore, it also includes assessment and interpretation ofthe data that assists to accomplish desires results at workplace. In addition to this, it also includescharacteristics, traits and skills to ascertain effective functioning at workplace to cater relevantinformation at workplace. TASK 1P1 Different types of entrepreneurial ventures and their typologyEntrepreneurship is the creative activity which assists to develop and carry several thingswith individual participation. In this regard, planning also ascertain that assists to meet with highprofits and revenue at workplace (Henrekson and Sanandaji, 2014). These individuals are knownas the entrepreneurs and business known as the entrepreneurial venture. In this context,following are different kinds of ventures exist that assists to perform several functions andoperations in the business environment:Small business entrepreneurship: Entrepreneurship is defined as the activities in whichcreative and innovations functions will be performed at workplace. In this way,individual determines plan for starting the new venture at workplace. It is the systematicperspective that assists to meet with effective results at workplace (Stephan, Uhlaner andStride, 2015). Therefore, small business entrepreneurship termed as unique andinnovative entrepreneurial ventures which could be influence to the organisation. Hence,it is important for the firm to make plan and start new venture to assess the competition1

of the company with other enterprises. For example, it includes barber shop, travellingbusinesses, grocery shops, etc. These kinds of businesses are highly skilled so thatinnovative ideas could be made at workplace that assists to accomplish desired results atworkplace. In the UK, small business ventures carrying government policies andopportunities to provide fund to launch new products in the market (Acs, Audretsch andLehmann, 2013). It encourages to the entrepreneurs to stated their goals and objectives increative aspect. In this regard, typology includes as the earning high profits and revenueto feed themselves and family as well. Sealable start-up entrepreneurship: In addition to this, such types of entrepreneurialventures determine innovations and functions to attract more candidates at workplace.Several investors are also taking important part to create favourable ideas that providedifferent opportunity to increase brand image as well (Garud, Hardy and Maguire, 2013).On the other hand, ideas also need to make unique results so that more number of pitchesalso develops to launch the products and services. Therefore, these ventures possesstypology to determines innovations with products and services to attract people atworkplace. Social entrepreneurship: Further, social entrepreneurs also assist to develop socialservices in the community to create welfare and development in effective aspect. Thesetypes of ventures also carried to attain and maintain high amount of profits at workplacethrough benefits of the society (Alvarez and Barney, 2013). Typology also involve in thisaspect to categories activities for protect society protection in systematic manner. Serial entrepreneurs: These types of entrepreneurs also develop their functions andoperations as the future oriented to look for new venture. Therefore, unique products andservices will be provided to customers. Typology included creates innovative features forthe development of the organisation (Al-Atabi and DeBoer, 2014). Female entrepreneurs: These kinds of entrepreneurs have focus on the expansion ofoperations and functions in international areas. Therefore, they possesses effectivemanagement skills for development of the enterprise (Arend, Sarooghi and Burkemper,2015). 2

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