Entrepreneurship Personalities - Assignment
14 Pages4730 Words66 Views
Added on 2020-06-04
Entrepreneurship Personalities - Assignment
Added on 2020-06-04
ShareRelated Documents
ENTREPRENEURSHIP
Table of ContentsINTRODUCTION .....................................................................................................................................3P1 Different types of entrepreneurial venture and relate to typology ............................................3P2 Similarities and differences between entrepreneurship..............................................................4.........................................................................................................................................................5P3 Small and medium enterprise of economy..................................................................................5P4 Small and medium enterprise and its impact on social economy ...............................................7P5 Differentiation of manager and entrepreneur on the basis of characteristics, skills and traits by using two successful entrepreneur example ...................................................................................9P6 Aspects of entrepreneurial personality.....................................................................................10P7 Use of background and experience in making a successful entrepreneur.................................11REFERENCES.........................................................................................................................................13Online ............................................................................................................................................14
INTRODUCTION Entrepreneur is a person who have a new idea for creating and introducing somethingnew in market by garbing all the opportunities and bear the risk which is associated with anentity. It is an individual who always try to do something new and innovative in market andthrough that their living standard get upraise. Personality provide job opportunity at marketand many people get a perfect job for themselves by this method. The ending result which istaken out by a person is an enterprise. Between and entrepreneur and enterprise, an activitytake place which is known as the entrepreneurship (Drucker, 2014). For this assignment theterm entrepreneurship has been described by using example of some famous personalities.All the entrepreneurial venture is different from others but there are some similarities are alsofind out in this context. Moreover, Brexit made a vast impact on the economy of England andEurope and for improving these governments promote and support small and mediumbusiness enterprises. Hence, behind every successful entrepreneur positive mind set andmotivation plays an important role and this term get described by using the example of MarkZuckerberg and Walt Disney. By analysing their background, it gets access that they getmotivated through their failure and this signifies that they have positive attribute. P1 Different types of entrepreneurial venture and relate to typology Entrepreneurship is an individual where create new ideas and transform in to reality and earnprofit out of them. The main aim of these businesses is to develop innovative product andservices which satisfy customer needs in an effective manner. Entrepreneurs try to developnew opportunities in the market and provide consistent growth to their business. To developan enterprise is very competitive and complex task which need large number of capital andexpertise (Djankov and et. al., 2010). A person is need to use their idea and develop theirproduct which help top generate revenue in an effective manner. there is various riskassociated with these ventures required to overcome which increase the success rate of thesebusiness and attain their long term goals and objectives in an effective manner. There arefollowing types of entrepreneur ventures which are given below:Small business ventures: This is the one of the form of business venture where an individualstart their business and arrange their financial resources in terms loan form its friends andfamily members. It can involve grocery store, barber, farmer, handcraft maker etc. The mainaim of these enterprise is to provide various services and fulfil market demand in the market.
The major issue in these ventures is to finance which create a serious problem in thedevelopment. the major issue is related with the market uncertainties where owner facinghuge losses (Dacin, Dacin and Tracey,2011). Social ventures: The another venture where main aim is to provide social welfare. Theyoperate their operation without earning any profit and provide various facilities to communityand general public. There are various sources where social venture can get fund for theirwelfare activates. Government authorities provide financial assistance to them. apart fromthat they also get charity from large corporate houses and provide quality of life to society. Serial entrepreneur: These types of ventures are related with the innovative start-ups. Anindividual come up with an innovative idea and transform in to a business. they having widerange of idea which apply on their business. if one idea my failed they move in to anotheridea and develop a new business. Female entrepreneur: These are another small venture where a woman is owned and managedsuch business and provide long term growth. Today, these types of enterprise are growingdue to women empowerment and education (Light, 2011). There are various organizationswho support such venture and develop their ideas in to reality. In such business start-upswomen are using their innovation and provide variety of goods and services to their business.the role of society and government is too significant in the development of these ventures. Innovative ventures: It is related with the developing an innovative and technological productand services to the public. There is various innovation which helps to create new demands inthe market and earn profit out of them. The role of government and corporate houses providetechnical and financial assistant to these business so that they can generate long term profit tothem. but the success rate of such start up is less than 5 percent which is quite low (Short andet. al.,2010). These start up can be related with financial, market research, informationtechnology, e-commerce etc. P2 Similarities and differences between entrepreneurshipEvery business having own similarities and differences based on side, scope and nature ofoperation. the major similarities of these ventures are related to the profit gaining andcustomer satisfaction. On the other hand, there are also having various differences based onarea of operation and size (.Jones, Coviello and Tang, 2011). For example, social enterprisemain aim is to provide community welfare on the other hand, business organization majoraim is profit maximization.
End of preview
Want to access all the pages? Upload your documents or become a member.
Related Documents
Entrepreneurship and Small Business Management - Types of Ventures and their Impact on Economylg...
|5
|2256
|413
(PDF) Entrepreneurship and Small Business Management | Assignmentlg...
|22
|7067
|202
Entrepreneurship and Small Business Managementlg...
|16
|4774
|41
P1 Various Types of Entrepreneurial Ventureslg...
|15
|4910
|456
Importance of Small Businesses and Start-ups in the Social Economylg...
|17
|5332
|55
Report on Types of Entrepreneurial Ventures and Its Topologylg...
|12
|3786
|126