Table of Contents Introduction:.....................................................................................................................................4 LO1:Exploreandillustratetherangeofventurestypesthatmightbeconsidered entrepreneurship...............................................................................................................................5 Examine the different types of entrepreneurship ventures and explain how they relate to typology of entrepreneurship.......................................................................................................5 ENTREPRENEURSHIP:-Istheprocessofdesigning,launchingandrunninganew business,wich is often initially a small business..........................................................................6 LO2. Assess the impact of small businesses on the economy.......................................................10 Interpret and assess relevant data and statistics to illustrate how micro and small businesses impact on the economy..............................................................................................................10 Explain the importance of small businesses and business start-ups to the growth of the social economy.....................................................................................................................................12 LO3. Determine and assess the key aspects of an entrepreneurial mindset...................................15 Determine the characteristic traits and skills of successful entrepreneurs that differentiate them from other business managers...........................................................................................15 Assess how aspects of the entrepreneurial personality reflect entrepreneurial motivation and mindset.......................................................................................................................................18 LO4. Examine the different environments that foster or hinder entrepreneurship........................20 Examine, using relevant examples, how background and experience can hinder or foster entrepreneurship.........................................................................................................................20
Introduction: This report is based on entrepreneurship and small business management. In that perspective, the first part of this report will provide a brief description about different types of ventures. This first part of this report will include description on different entrepreneurial ventures along with the explanationthatshowstherelationamongdifferententrepreneurialventuresandseveral typology of entrepreneurship. Besides that, this report will show both similarities and differences between entrepreneurial ventures. On the other hand, the second part of this report will include effect of start-up organisation for the development of the society. In that perspective, a proper statistical chart and graph will be provided to establish the impact of small business and start up business on the social economy. Along with that, the necessary characteristic traits and skills to be successful entrepreneur will also be attached in this report. In addition, the major factors are mentioned in this report regarding entrepreneurial mindset. Furthermore, this report will mention about different foster that can be affective for entrepreneurship in both the negative and positive way.
Paraphrase This Document
Need a fresh take? Get an instant paraphrase of this document with our AI Paraphraser
LO1:Explore and illustrate the range ofventures types that might be considered entrepreneurship. Examine the different types of entrepreneurship ventures and explain how they relate to typology of entrepreneurship. Entrepreneur refers to a person who organise, manage and takes risk of business. Therefore entrepreneurship can be considered as running, developing and introducing a new business ventures along with taking business risk. Types of entrepreneurship 1. Small business entrepreneurship:Small business entrepreneurship mainly refers to the sole proprietorship which is independently owned and work for profit, these business is usually not dominant in the field. Mainly restaurants, construction firm, retail stores and agriculture falls under small business entrepreneurship. They mainly raise their funds from micro loans, bank loans, personal funds etc. Small business firm can generate taxes and jobs but they cannot create huge numbers of employment. They supply those goods and service which are necessary for people livings as well as some leisure goods. In today’s world large number of business are small. They fail to attract investors because they do not deal with huge profits. 2. Scalable start up entrepreneurship: In this types of entrepreneurship, a person start a company in a view to change the world. They arrange their funds from venture capitalist and they hire qualified employees. Their goal is to introduce scalable and repeatable business model. Once they achieve their first goal they start finding new investors to expand their business. Examples of this entrepreneurship are Facebook, Instagram etc. Very few people do this start-
ups because it is an inovation cluster, so, it has risk capitals and outsize returns (Kuratko Morris and Schindehutte 2015). 3. Large company entrepreneurship: It can be defined as an established organisation or joint stock company which employee at least 500 people. The main purpose of this large companies is to create huge revenue and profit for its shareholders. They generally get their funds from their retained earnings, tax credits and subsidies. Generally this enterprises has sustainable life cycle because of their new product introduction along with its core products. Their day to day operation depends on customer’s tastes and preferences, government laws, competitors etc. Example of large companies can be Google, Microsoft, and Samsung etc (Kuratko Hornsby and Naffziger 2016) 4.Social entrepreneurship: This types of entrepreneurship mainly produces goods and services which solve the problems and needs of society. Their main objective is to make the world a better place rather than earning huge profit and accruing wealth. Safe point trust is one of the famous social enterprise in the world they made inexpensive non reusable syringes and delivered it to 40 countries. This type of enterprise mainly aim to solve global issues and problems of developing countries. Their capital provider depend on the size of the business and one investor can take responsibility of entire capital. These type of enterprise may be profit, non-profit or hybrid (Lumpkin, 2017). Entrepreneurship is considered as both the analysis of how new business are established and the exact procedures of initiating a new one (Entrepreneurship definition.2019). Moreover, this is the procedures to design, launch as well as operating new enterprise, that is often started a new business.
Thedifference between ‘entrepreneurs, intrapreneurs and owner-managers’ BasisEntrepreneursIntrapreneursOwner-manager MeaningEntrepreneursare consideredasthe individualswho establishtheirown businesswithnew ideas. Intrapreneursare considered as the staff offirmwhoisin charge of undertaking creationontogoods, services,procedures and so on. Ownermanagersare knownastobethe managerofowners whoareaccountable for the management or department of firm. ENTREPRENEURSHIP:-Is the process of designing,launching and running a new business,wich is often initially a small business. DIFFRENCES BETWEEN :ENTREPRENEURS,INTRAPRENEURS AND OWNER MANAGERS Entrepreuneurs are people wich started a new small busniess Intrapreuneurs is a manager within a company who promotes an innovative product
Secure Best Marks with AI Grader
Need help grading? Try our AI Grader for instant feedback on your assignments.
Owner manager is someone who owns and managesExplore the similarities and differences between entrepreneurship ventures. Differences between small business entrepreneurship, scalable entrepreneurship, large company entrepreneurship and social entrepreneurship. Smallbusiness entrepreneurship Scalable entrepreneurship Largecompany entrepreneurship Social entrepreneurship It generally generate smalleramountof profit It generate recurring revenueor repeatable income to investitfurther whichismuch greaterthansmall business enterprise. Itgenerateshuge amount of profit to divide it among its shareholdersand keepsomeamount of profit as retained earnings. Theygenerallydo notconcentrateon howmuchprofits theyareearning. Theyonlyfocuses on public welfare. Theyemployee smallamountof peopleastheydo not operate in large scale. Theyemployee morenumbersof peoplethanwhat smallbusiness enterprisesdoand they employee most qualified people like best engineers from theworld(Gartner 2016) Thisenterprises employeehavea hugeamountof peopleasthey operate in large scale theyprovideplenty of job opportunities. Theyneedpeople fromallsectorsof professionstarting frommanagersto economistto engineers to labours etc. They mainly provide jobs to those people whocomes voluntarily and want to serve the society. Thistypesof entrepreneurship generally operate in smallerareaorin theirlocalareato meettheirlocal demand. Thistypesof entrepreneurship mayoperatein national level or can go for globalisation. It depends on their potentialityoftheir innovation. Thistypeof enterpriseoperates globally. They have huge capitals in their handtoopena factory or branch in foreign land. Thistypesof enterprisemay operate in local level or national level or globallevel dependingupon theirsizeofthe business. Asthesetypesof entrepreneur concentrateon earningprofitto continuetheir businesssothey keep high price for theirproduct (EhrlichDeNoble Thesetypeof enterprise keep their price in such a way so that everyone can accesstheirnew ideas like Facebook. They set their price accordingtotheir PESTELand PORTERsanalysis. Theysometime followprice discrimination policythatisthey chargehighprice Thesetypesof enterprisegenerally charge low price for their goods as they generallysupply goodsandservices to poorer section of thesociety.Even sometimethey
Mooreand Weaver 2015). from the rich people and charge low price from poor people. deliver good free to the society. Thesetypesof enterpriseentirely run by an individual everydecisionis takenbythat individual. Thesetypesof enterprise can run by individual as well as bygroupsdepends on what is the source of idea (Mueller and Thomas, 2017) Thesetypesof enterpriserunby board of directors as every decision of the business taken after ameetingheld between the bord of directors. Thesetypesof enterpriserunby group of people who comesvoluntarily comestoservethe society. Similarities between Small business entrepreneurship, scalable business entrepreneurship, large business entrepreneurship and social entrepreneurship 1. Financial goals: Every business entrepreneurship does not matter how they differ they want to earn some amount of profit which will make them financially independence. 2. Risk factor:Every business entrepreneurship has fear of risk of loss. Even social enterprise who merely work for profit want generate that much revenue which help them to continue their business. 3. Financing strategies:All types of business entrepreneurship a common way of raising fund is bank loan. The only difference is small business enterprise take small loans form the banks where as large business enterprise take huge loans from banks. 4. Employee satisfaction: Does not matter how many numbers of people a business enterprise employee they all concentrate on satisfying their employers by compensations and bonuses.
LO2. Assess the impact of small businesses on the economy. Interpret and assess relevant data and statistics to illustrate how micro and small businesses impact on the economy. The economic status of the United Kingdom has greatly been affected due to the emergence of small and micro business. Among all types of business that operate within the United Kingdom, small and micro business is the major ones. It is so because these business provides more revenue and do not involve much complications or stress. Along with that, small businesses these businesses do not need huge number of employees or suppliers and thus the expenses of these business are quite less. In order to understand the contribution of the SMEs in the economic growth of the United Kingdom it is important to study about the difference between the small and large business that operate within this country (Hill, and Westbrook, 2017). As per the reports upon the economic status of the UK, it is clear that the number of small businesses has increased within the UK market and the larger businesses have lost their power upon the market. About 4.5 million companies of the UK are SMEs, which accounts to about
Paraphrase This Document
Need a fresh take? Get an instant paraphrase of this document with our AI Paraphraser
99% of the UK economy. The SMEs have increased the employment to a large number of people and thus these companies have resulted to almost 33% of employment (Helms, and Nixon, 2016). However, in order to find out how much small businesses have affected the UK economy, it is important to find out the contribution of all small, medium, as well as large business sectors of the UK. With the help of this graph, it is clear that small businesses provided about 37% turnover and 48% employment to the United Kingdom. On the other hand, the medium scale business provides about 15% of the turnover and 12% of employment however large scale business provides 49% of turnover and 40% of employment. Thus, it is clear that irrespective of the size of the business SMEs contributes a lot to the economy of the United Kingdom. This as a result has improved the economic status of this country and has helped in the development of the company in various sectors such as social, political, environmental, and cultural sectors (Kurttila et al., 2018).As in, it have been analysed that small businesses are growing rapidly in comparison to medium and large business. So, as small enterprises are leading its enhances the
employment but reduces the turnover. Similarly, as in medium business employment less but its turnover maximises. Moreover, the percentage of large business is 0.1%, its employment percentage is less in compare to small business but more than medium one. But their turnover is high in comparison to bout enterprises small and medium. The SMEs are categorized into four divisions- non-innovator, innovator, on-exporter, and exporter. The graph presented below has shown the divisions of SMEs and with that, certain statistical information about these businesses has been provided. As per this graph, it is clear that there are almost 12.2% of non-inovato0rs present within the market of the United Kingdom. Apart from that, there are almost 23.9% of innovator, 13.6% of non-exporter, and 33.2% of exporter businesses in the United Kingdom. Thus, to be specific the exporter SME businesses are the majority of businesses that operate within the market of the United Kingdom. Therefore, most of the income of the United Kingdom comes from this sector, however the contributions of the other types of SMEs is quite high too. Explain the importance of small businesses and business start-ups to the growth of the social economy. Social economy is developed through a rich diversity of businesses as well as firm like mutuals, foundations, cooperative, social enterprises and paritarian institutions and many more. They may
have various size ranges from small to large firm as well as group that operates within whole economic sector. Both the startup and small business organisation carry a huge positive influence for the financial development of the society of the United Kingdom. However, it is very hard for them to get a proper position in the respective market as being a starter organisation they have to face a huge competition. For that purpose, both the small business organisation and the start-up organisation prefers to use various new and innovative ideas for the development of the business. Along with that, they prefer to keep variation so that they can become able to reach the need and desire of their target consumer. As well as they tries to bring innovation in their products too for the development of the business. Implementation of this strategy to include innovative ideas is become very affective for the growth of the organisation as using this strategy helps the organisation to conquer a secure place in the respective market along with increasing their brand reputation. Along with that the financial growth of the organisation will be developed too as implementation of this new strategy can be helpful for generating higher revenue of the organisation. Through this way the organisation become financially enhanced and the financial developed of the organisation is very helpful for the social development. Due to the financial development of the Small business organisation or Start up organisation the organisation become efficient to provide a good and high amount of business taxes to the government and that become helpful for the financial growth of the country. Apart from this, the contribution on GDP of startup organisation and small business organisation cannot be avoided (Zander, 2016). Besides that, establishment of small business organisation and start up organisation can be helpfulforthepeopleorthecompatriotsoftheUnitedKingdomasitdecreasethe
Secure Best Marks with AI Grader
Need help grading? Try our AI Grader for instant feedback on your assignments.
unemployment of the country or the society. This small business organisations or start up organisations hires employees and people for increasing the productivity of the organisation. Being a starter the organisation cannot be able to provide a high range of salary to their consumer and for that purpose they prefers to use less skilled employees for the organisation. This way the unemployment of the organisation becomes reduced and this way the financial situation of the United Kingdom become increased indirectly (Frith, and McElwee, 2017). Besides that, in some cases, startup organisations or small business organisations are involved in various corporate and social activities through conducting various social and environmental works. This also helpful for the development of the brand image also organisation as well as the society of the United Kingdom is also positively affected towards the development. This Corporate and social activities of the organisation includes providing educational facilities for the poor and rural people of thecountry. However, this activity of small and business organisation along with startup organisation is ultimately helpful for the growth of the country. Importance of SMEs and Start-ups in the growth of social economy. Innovation:This is very crucial for small as well as start up enterprises to enter into market area with innovations products in order to survive and grow into environment. If they do so it become easy for them to gain more profitability and revenues that leads towards economic growth. Thus, innovation is the effective way by which company as well as society can expand into economy. Accomplishing social purpose:The main purpose of small as well as start up business is to aids accomplish the requirements of clients and individuals. As firm is operating within society so it have to do the work in respect of the societal people. In case they can accomplish its needs then they can easily maximise their social economy.
Local Improvement:Social economy growth aids in developing standards as well as lifestyle of local individuals who are living into society. Small enterprise and start up s have intent to accomplish basic needs of societal individuals. For gaining profitability as well as growth into competitive marketplace. Thus, it can aids them to obtain effective results. Creation of employment:When entrepreneur develop any new business then this needs staff to operate several operation as well as activities. As start up and small business needs individuals for many profile to perform its concern. It will aids in developing living standards of human beings that leads towards raising social economy.
LO3. Determine and assess the key aspects of an entrepreneurial mindset. Determine the characteristic traits and skills of successful entrepreneurs that differentiate them from other business managers. Entrepreneurial mind set is considered as the state of mind that ascertain behaviour of individualstowards entrepreneurial activities. It frequently provide opportunities, new values innovation and so on. There are few types of entrepreneurial mind set that are mentioned below: Growth mind-set:Herein, entrepreneur has expectation to develop as well as lead themselves. Moreover, in respective mind set they challenge to themselves so that they can represent themselves in effective manner and grow regularly. They always want to enhance its skills and knowledge. Business mind set:Herein, entrepreneurs wants to facilitate various kinds of services to individuals that aids in modifying the world.This particular mind set will assists to resolve the issues easily so that they can attain monetary freedom. Dreamer mind set:Entrepreneurs whose have dreamer mind set are mostly successful as they has capability dream as well as think huge. They have the believe that nothing is impossible. It will aids entrepreneur to concentrate upon what they want from their future as well as how they can attain it in simpler way. Confident mindset:This is considered as the one of the essential mind set as confidence is always refers as the success key to anything. Through combining confidence with
Paraphrase This Document
Need a fresh take? Get an instant paraphrase of this document with our AI Paraphraser
another mindset will aids to attain anything. This particular mind setwill always make entrepreneur happier as well as also assists for taking actions upon objectives. Entrepreneurial mind set is important characteristics that aids to form innovation as well as take expected risk. Their for some of its importance are as follows: Enhancing thinking power:Developing a entrepreneurial mind set aids in thinking what people are doing and why. This will enhance the business at higher level as well as assists them to face whole challenges easily. Encourage creativity:Entrepreneurial mind set will aids to perform innovation as well as reducing risk as innovative thinking is considered as the success key. It aids to create innovate solutions for this and helpful to into long run. Having positive characteristics is very helpful for an entrepreneur to set a successful business alongwiththefinancialdevelopmentoftheorganisation.Inthatcase,severalspecific characteristics and sills are required to be a successful entrepreneur. After going through several processes will be helpful for an entrepreneur to set a small business organisation. However, important characteristic, traits and skills of Bill gates a are described below that are necessary to be a successful entrepreneur. 1. Creativity: Creativity can be considered as one of the major characteristic to be a successful entrepreneur. Using creativity, the entrepreneurlike Bill gates able to introduce something newand innovative. This innovation can make the organisation separate and unique from the other
organisation. In addition, this will be helpful for the organistaion to increase the brand value of the organisation. 2. Taking risk: To achieve the success in life it is very important to have the courage of taking risks. This ability of taking risk influences the entrepreneur to bring his/her creativity in front the world. The strategy of bringing something new and innovative is very helpful for the growth of the organisation.However,severaltimesitcanbefoundthat,bringinginnovationbecome negatively affective for the growth of the organisation. However, still the entrepreneur like Bill gates needs to show the courage to take risks. Moreover, it can be said that, to become success in life the entrepreneur requires having the capability to take risks (Thompson, 2015). 3. Goals: To become success, the entrepreneur has to be clear about the mission of the organisation. Therefore, to become successful in life, the entrepreneur needs to carry a specific goals and objectives regarding the business; this objective will lead the entrepreneur to the appropriate path for the future development.Moreover, become successful in life an entrepreneur such asBill gates requires to be clear about the mission for development. Due to clear goals help them to become a successful entrepreneur. 4. Professionalism: However, to become a successful entrepreneur to maintain proper professionalism can be considered as one of the important characteristic of entrepreneur. Professionalism can include bringingreliabilityalongwithmaintainingdiscipline.Therefore,throughmaintaining
professionalism it will be easier for the entrepreneur to achieve the objective and that too in limited time. Therefore, maintaining professionalism can be considered as one of the important skills to become a successful entrepreneur.As being professional in life Bill gates are able to attain their goals and become successful. 5. Passion: To achieve success, the entrepreneur needs to be passionate about his/her work. Become passionate about the work will be helpful for the entrepreneur to influence own (Bonnstetter, 2017). 6. Knowledge: To become a successful entrepreneur, the person requires to become updated regarding his/her work. This will help the Bill gates to become knowledgeable about the respective market along with the need and demand of the target consumers. 7. Open minded: Having the ability to accept something new or to be open-minded can be considered as one of the most important characteristics for an entrepreneur to achieve success in life. Judging people cannot be good for entrepreneur. Therefore, to become successful the person needs to be open- minded so that he/she can be efficient enough to accept or to learn anything new. This is also carries a positivity for the person along with those person, who are surrounding the entrepreneur (Sambasivan, Abdul, and Yusop, 2017).As Bill gates have this characteristics which aids them to grab new things easily to become successful.
Secure Best Marks with AI Grader
Need help grading? Try our AI Grader for instant feedback on your assignments.
Along with these above-mentioned characteristics, several personal skills are required for an entrepreneur. Those personal skills are described below: 1. Commutation skills: Havingproper communication skillsisnecessary, astheseskillswillbehelpfulfor an entrepreneur to interact with both the internal and external people. As Bill Gates have this particular skills so it can communicate easily with other. ss 2. Leadership skills: To become a successful entrepreneur, having proper leadership skills are necessary as this skill of the person help the entrepreneur like Bill Gates to lead the whole organisation through specified them proper way that will be easier for achieving the organisational goals and objectives (Khan, 2016). 3. Time management skills: Maintaining proper discipline will help the entrepreneur to become successful n life. For that purpose, the entrepreneur requires to have the skills to manage time. 4. Learning ability skills: To become good and success entrepreneur, the person need to be up to dated regarding the respective market. In that case, the entrepreneur requires the skill of learning ability. 5. Social skills: The social skills of an entrepreneur define having a strong relation, to formulate appropriate strategy etc. Therefore, without having social skills the entrepreneur cannot be able to create
strong relationship or cannot be able to identify appropriate strategy for the organisation (Hisrich, and Grachev, 2015). Most of the entrepreneurs are made as from their birth they are not intelligent as well as has whole entrepreneurial skills, they also obtained as well as improve knowledge by its experiences. Due to its creative thinking, vision and many that make them distinguish from others. Assess how aspects of the entrepreneurial personality reflect entrepreneurial motivation and mindset. To set a business, it is very necessary to have entrepreneurial personality for every entrepreneur. This type of entrepreneurial personality helps the entrepreneur for self-motivation. Along with that, it also helps to take risks for the development along with facing problems. The prime characteristic to be a successful entrepreneur is to have the potentiality to generate new and creative ideas. This innovation will be able to reach the need and demand of the consumers. Along with innovation, entrepreneur needs to be well aware so that the development of products can be developed or improved. To be a good entrepreneur, it is important to have the capability to take risks and those too using different resources for the development of the organisation (Gartner, 2017). On the other hand, to increase the level of profit, an entrepreneur needs to be clear about the vision of the organisation and that become helpful to set the organisational objective. However, for achieving organisational objectives, the entrepreneur needs to implement proper business strategy.Moreover,anentrepreneurrequiresthecapabilityforunderstandingallthe opportunitiesthat become motivational for the organisation to increase the profit of the organisation.
Furthermore, Self-motivation is one of the most necessary and important factor for the success of an entrepreneur for running the business appropriately. Along with that, the entrepreneurs need to be well courageous for taking risks if required and that too will be helpful for achieving the mission and objectives of the organisation (Islam, Khan, Obaidullah, and Alam, 2015). Traits of personality have some impacts upon entrepreneurship and stand as drivers for entrepreneurship as entrepreneurs are not clear in their goals and objective as they are not static to that what they have to attain which has effects on entrepreneurship. Moreover, In case the entrepreneurs are self motivated they can able to do the work in efficient manner and accomplish its objectives. If they are not themselves motivated so they can not able to encourage other which directly or indirectly haveimpact on entrepreneurship. Also, they stand asa drivers of entrepreneurship because all the personality traits help them to operate the business in effective way which aids entrepreneurs to become successful.
Paraphrase This Document
Need a fresh take? Get an instant paraphrase of this document with our AI Paraphraser
LO4.Examinethedifferentenvironmentsthatfosterorhinder entrepreneurship. Examine, using relevant examples, how background and experience can hinder or foster entrepreneurship Both the good experience and good background are equal effective for the future growth of the organisation. This impact of both the experience and background carries both the positive and negative impact for entrepreneur. Personal background of an entrepreneur describes family relatives, who provide the mental and sometime financial support to the entrepreneur. This can be motivational for the entrepreneur. Getting proper support from the family is very influential for the entrepreneur for setting the business. Along with that, this supportive attitude of families also helpful for the entrepreneur to increase the courage of taking risks and that can foster them. Along with that, if the entrepreneur belongs from a strong financial background, then it will be helpful for the person to get the financial support from the family. It also helpful for entrepreneur for taking more risks, along with increase the ability to face problems (Littunen, 2018). Example: Bill gates can be taken as an example. Bill Gates is one of the most wellknown global along with richest business magnet, whose business is expanded over the world. Having financial family supports become helpful for him to be the founder of Microsoft organisation (Hisrich, and Brush, 2016).
On the contrary, experiences also matter or an entrepreneur to become success. Several entrepreneur can be found too, who does not belong from any strong financial background. For them, experience was the only element that they use for their development. They use their personal both the positive and negative experiences and that become helpful for them and influential too for achieving success in life. Example: Walt Disney can be taken as an example. He started his career as a farm boy and used to draw cartoons pictures for living. This talent helps him to find a job. After through a lot of practice, Walter Disney increased his level of experience and this, help him to get the present position of his. Therefore, experiences of him lead to make the most famous cartoon character Mickey Mouse (Brockhaus, 2018). Therefore, it can be found that both the family background and experience can be influential for achieving success in life. Example of Three successful entrepreneurs are mentioned below: Bill Drayton is known as the social entrepreneur as well as is the founder of Ashoka. Duncan Bannatyne is a local entrepreneurs who sell ice cream as well as initiate their business at very low level. As time passes through innovation thinking he attain an assets of approx$42 million from various another business. Bill gates is the international entrepreneur that are expanded their business in all over world. Currently he is the founder of Microsoft corporation.
Conclusion: This project provided various types of entrepreneurial ventures along with included several similarities and differences between those entrepreneurial ventures. Along with that, this report attached the description based on the impact of small business on the economy of society and country. Along with that, personal skills and characteristics are also provided in this report to be a successful entrepreneur. Furthermore, influence of background and experiences to be a successful entrepreneur are mentioned in this report.
Secure Best Marks with AI Grader
Need help grading? Try our AI Grader for instant feedback on your assignments.
References: Bonnstetter, B.J., 2017. New research: The skills that make an entrepreneur.Harvard Business Review,90(12), p.7. Brockhaus, R.H., 2018. The psychology of the entrepreneur.Encyclopedia of entrepreneurship, pp.39-57. Ehrlich, S.B., De Noble, A.F., Moore, T. and Weaver, R.R., 2015. After the cash arrives: A comparativestudyofventurecapitalandprivateinvestorinvolvementinentrepreneurial firms.Journal of Business Venturing,9(1), pp.67-82. Frith, K. and McElwee, G., 2017. An emergent entrepreneur? A story of a drug-dealer in a restricted entrepreneurial environment.Society and Business Review,2(3), pp.270-286. Gartner, W.B., 2016. A conceptual framework for describing the phenomenon of new venture creation.Academy of management review,10(4), pp.696-706. Gartner, W.B., 2017. “Who is an entrepreneur?” is the wrong question.American journal of small business,12(4), pp.11-32. Helms, M.M. and Nixon, J., 2016. Exploring SWOT analysis–where are we now? A review of academic research from the last decade.Journal of strategy and management,3(3), pp.215-251. Hill, T. and Westbrook, R., 2017 SWOT analysis: it's time for a product recall.Long range planning,30(1), pp.46-52. Hisrich, R.D. and Brush, C., 2016. Characteristics of the minority entrepreneur.Journal of Small business management,24, p.1.
Hisrich,R.D.andGrachev,M.V.,2015.TheRussianentrepreneur:characteristicsand prescriptions for success.Journal of Managerial Psychology,10(2), pp.3-9. Islam, M.A., Khan, M.A., Obaidullah, A.Z.M. and Alam, M.S., 2015. Effect of entrepreneur and firm characteristics on the business success of small and medium enterprises (SMEs) in Bangladesh.International Journal of Business and Management,6(3), p.289. Khan,A.M.,2016.Entrepreneurcharacteristicsandthepredictionofnewventure success.Omega,14(5), pp.365-372. Kuratko, D.F., Hornsby, J.S. and Naffziger, D.W., 2016. An examination of owner's goals in sustaining entrepreneurship.Journal of small business management,35(1), p.24. Kuratko, D.F., Morris, M.H. and Schindehutte, M., 2015. Understanding the dynamics of entrepreneurship through framework approaches.Small Business Economics,45(1), pp.1-13. Kurttila, M., Pesonen, M., Kangas, J. and Kajanus, M., 2018. Utilizing the analytic hierarchy process (AHP) in SWOT analysis—a hybrid method and its application to a forest-certification case.Forest policy and economics,1(1), pp.41-52. Littunen,H.,2018.Entrepreneurshipandthecharacteristicsoftheentrepreneurial personality.International Journal of Entrepreneurial Behavior & Research,6(6), pp.295-310. Lumpkin, G.T. and Dess, G.G., 2017. Clarifying the entrepreneurial orientation construct and linking it to performance.Academy of management Review,21(1), pp.135-172. Mueller, S.L. and Thomas, A.S., 2017. Culture and entrepreneurial potential: A nine country study of locus of control and innovativeness.Journal of business venturing,16(1), pp.51-75.
Sambasivan, M., Abdul, M. and Yusop, Y., 2017. Impact of personal qualities and management skills of entrepreneurs on venture performance in Malaysia: Opportunity recognition skills as a mediating factor.Technovation,29(11), pp.798-805. Thompson,C.R.,2015.Thecabinetmemberaspolicyentrepreneur.Administration& Society,25(4), pp.395-409. Zander, I., 2016. The microfoundations of cluster stickiness—Walking in the shoes of the entrepreneur.Journal of International Management,10(2), pp.151-175. Entrepreneurshipdefinition.2019.[Online].Availablethrough <https://www.shopify.in/encyclopedia/entrepreneurship>