ENTREPRENEURSHIP AND SMALL BUSINESS MANAGEMENT

   

Added on  2020-10-23

16 Pages4619 Words489 Views
ENTREPRENEURSHIP AND SMALL BUSINESS MANAGEMENT
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Executive SummaryThe report is all about the entrepreneurship and entrepreneurial challenges. It defines the terms and the responsibilities of the entities. It also includes the traits of different person’s employing the tasks and the enterprises. It defines the success of Mark Zuckerberg. It also defines the ventures and the different types of the ventures. The report defines about the various types of the entrepreneurship. It also defines the scope and development of the enterprise. It also defines the growth of the enterprise. It defines the importance of the enterprise. It also defines the SME’s and their scope.
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ContentsP1- Introduction LO1..................................................................................................................................4Survival...................................................................................................................................................5Lifestyle...................................................................................................................................................5Managed Growth.....................................................................................................................................5Aggressive Growth..................................................................................................................................6P2- Difference between different types of Entrepreneurial Ventures- M1, D1............................................6Examples of Ventures and difference of them.............................................................................................7P3- Scope, Development and Growth of Entrepreneurship Ventures..........................................................7Effect of SME’s...........................................................................................................................................8P4- Importance of SME’s LO2...................................................................................................................9SME’s Contribution to Economy- M2, LO2..............................................................................................10Critical Analysis of SME’s impact- D2, LO2............................................................................................10P5- Example of a successful Entrepreneur M3 & LO3..............................................................................11P6- Traits of a Successful Entrepreneur D3 & LO3...................................................................................12P7- Entrepreneur Upbringing M4 & LO 4.................................................................................................13Entrepreneurial upbringing of Mark Zuckerberg-D4 & LO 4...................................................................14Conclusion.................................................................................................................................................14References.................................................................................................................................................15
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P1- Introduction LO1Entrepreneurship refers to the situation or willingness of a person that will develop, manage or organize a business venture (Thurik A.R., 2010). This situation includes risks too. The base of this process is to earn some profit for the business venture. The example of this process can be termed as starting of a new venture. Entrepreneur can be termed as the person who develops his own business with the use of a new idea or a new concept. There is another term called as intrapreneur. It refers to an employee of a given organization which innovate the product, service or any process of an organization. The intrapreneur is financed by the company whereas entrepreneur financed for his business himself. Difference of Entrepreneur and Intrapreneur:Both parts seems as similar. But there are some differences that we can find in comparison of these two terms. The comparison is given as follows:Basis of ComparisonEntrepreneurIntrapreneurMeaningIt may be refer as person who has his own business.It is termed as employee working in an organization who has charge of taking innovation of production or process. CapitalEntrepreneur raised capital of firm himself.Capital is raised by organization in this term. DependencyIt is newly established organizationThis may be part of an existingorganization.RiskEntrepreneus has be bear all Intrapreneue has not any
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