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Entrepreneurship and Small Business Management Assignment - (Solved)

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Added on  2020-10-05

Entrepreneurship and Small Business Management Assignment - (Solved)

   Added on 2020-10-05

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Entrepreneurship and SmallBusinessManagementDifferent entrepreneurial ventures & methods in which they are related with typologyA new business which executes their operations at small scale arereferred to as entrepreneurial ventures in which individuals takes risksby which they can introduce their innovative products within themarket. Entrepreneurial ventures assists in enhancement of economyand also assists in providing job opportunities to individuals. Thesebusinesses aims at earning more money in legal manner and take theorganisations into new heights. The entrepreneurial ventures aredivided into:
Entrepreneurship and Small Business Management Assignment - (Solved)_1
Small business entrepreneurship: This type of venture comprises ofbusinesses such as consultants, plumbers, electricians, retail shops,educational institutes and many others. The aim of these firms is toaccomplish customer's demand according to their choices within shortinterval of time. It assists them to attain attention of people towardsservices and products which are rendered in profitable way. The profitwhich is earned by these organisations is invested in expandingbusiness (Bridge and O'Neill, 2012).Large corporation entrepreneurship: Industries within thisclass works at higher level who aims at bringing sustainability as wellas higher position within market. They have made large investmentswith respect to their business fro establishment of their services andproducts. With respect to this, profitability as well as productivity oforganisation can be enhanced, management designs various strategiesfor attracting potential customers. They aims at taking their businesswithin global level as well as expand it to international levels (Carsrudand Brännback, 2011).Social Entrepreneurship:They are enterprises set up to render welfare services to society. In this case, entrepreneur furnish elementary facilities to individuals by which they can ensure livelihood as well as improve their life. Their main purpose is to improvise the prevailing situations within country.Scalable start-up's: These businesses initiate their operations onthe basis of e-commerce transactions that are carried out on the basis of business to customer or business to business. This comprises of Walmart, Amazon and many others. All these enterprises executes these businesses at low capital. They aims at delivering products in bestpossible manner. This will boost up satisfaction level and retainindividuals is their main motive.
Entrepreneurship and Small Business Management Assignment - (Solved)_2

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