Types of Entrepreneurial Ventures and their Relation towards Typology

Unit – 9
Entrepreneurship
And
Small Business
Management

Table of Contents
INTRODUCTION......................................................................................................................3
PART – A...................................................................................................................................3
TASK – 1...................................................................................................................................3
List various types of entrepreneurial ventures with its relation towards typology................3
Explore the similarity and dissimilarity of commercial ventures..........................................6
Determine the range of entrepreneurial ventures with public and corporate sector..............8
. Examine the scope, development and growth of commercial ventures...............................9
TASK – 2.................................................................................................................................10
.Assess relevant figures and statistics for illustrating micro and small business on economy
..............................................................................................................................................10
Describe the essential requirement of small and scalable business for growth of social
economy...............................................................................................................................10
Evaluate differences between SME with its application in figures and stats......................11
Justify the impact of small business on different levels of economy..................................11
PART – B.................................................................................................................................12
TASK – 3.................................................................................................................................12
To elaborate the optimum characteristics, traits and skills of successful person that
differentiate from others.......................................................................................................12
Evaluate the aspect of the entrepreneurship personality reflect the effective entrepreneur
motivation and mindset........................................................................................................14
Examine the different form of argument relating with entrepreneur characteristics............15
To making interpret in the motivational drivers that allowance them to provide the
successful drivers..................................................................................................................15
TASK – 4.................................................................................................................................15
Identify the examples of entrepreneurs for their background and experience which hinder
and foster in goal achievement.............................................................................................15
Interpret the link between the entrepreneur personal background experience....................16
Detailed influence about the background experience influence entrepreneur in both positive
and negative factor...............................................................................................................16
CONCLUSION........................................................................................................................16
REFERENCES.........................................................................................................................18

INTRODUCTION
The skills implied by business owner in developing business with its creative thinking
skills that creates opportunity to increase aggressive strategies for being stable in global
market is termed as entrepreneur. In this project, as per the given guidelines Microsoft
Corporation has been selected for being large American multinational technology company.
This project lists various types of entrepreneurial ventures that relates with its typology for
economic growth. It also examines the similarity and dissimilarity between these listed
commercial ventures with public and corporate sector (Artinger, Vulkan and Shem-Tov,
2015). The project assesses relevant figures and statistics for micro and small business in an
economy. It also describes the essential requirement of small and start-up business for
economic growth with its justifications at different levels. In addition to this, it elaborates the
optimum characteristics, traits and skills of successful person to inspire others as being an
ideal for them. It also aspects the entrepreneurship personality trait that inspire other to give
their best efforts. The project further identifies the background and experience of two
entrepreneurs which hamper and promote in being successful entrepreneurs.
PART – A
TASK – 1
List various types of entrepreneurial ventures with its relation towards typology
Enterprise:- The key people of an organisation who perform their roles and
responsibility towards goal accomplishment with the motive to achieve success repeatedly is
called enterprise. The managers of Microsoft focus on this for motivating workforce to
complete their job role in particular time that leads company to remain stable at international
marketplace. It is most important for business owners to develop their competitive strategies
for meeting their expected desires with high management and leadership styles.
Entrepreneurs:- It is described as the ability of business tycoon to deal with
competitors through developing aggressive plans which leads to develop specialised product
for challenging with rivalries (Barba-Sánchez and Atienza-Sahuquillo, 2018). This is most
important for entrepreneurs to build good interpersonal relations among its workforce for
performing their actions collectively which creates prospect for company to attain its goal on
particular date. Managers of Microsoft focus on this as to create significant plan which is
capable in meeting the requirement of customers through completing their business activities
in practical manner for restricting manual work procedure.
Difference between entrepreneurs and intrapreneurs:- This differentiation of
entrepreneurs and intrapreneurs describes the major roles and functions being performed
within an organisation for achieving success. It is important for business to deal with various
circumstances that affects the stability of business in global market through internal and
external environment. Managers of Microsoft further aims to take protective measures by

providing training and development programs to its workforce for being aware of problems to
solve it with specialisation.
Basis of Difference Entrepreneurs Intrapreneurs
Definition The entrepreneurs are highly
capable in planning strategic
decision-making process for
manufacturing specialised
product and services to
enlarge customers (Cecil,
2014).
The intrapreneurs are
defined as the group of
individuals within the
organisation who complete
their business activities for
driving actions into
perfection for attaining
goals.
Functions The function of
entrepreneurs is as being
business owner of whole
enterprise for analysing each
and every actions being
done in company.
The intrapreneurs functions
are to perform their task as
being desired and planned
by executing it effectively
that leads company to
survive in competitive
market.
Risk-Taker The entrepreneurs are high
risk taker with the motive to
achieve high return in future
through proper assessment,
measurement and
management of hazards.
The intrapreneurs are low
risk taker as compared to
entrepreneurs for properly
utilising scarce resources in
order to gain profits which
increase its potential power
to overcome weak spots.
Decisions The major decisions
regarding enterprise are
mostly taken by
entrepreneurs to create
threats for others.
The intrapreneurs as being
managers of company have
the authority and
responsibility to manage and
execute their actions in
proper direction for
achieving specific long-term
goal (Daniel, 2016).
The comparison between serial entrepreneurs, owner-managers and
entrepreneurs:- There are various difference between these three categories which are
discussed as under:-
Basis of Difference Serial-
Entrepreneurs
Entrepreneurs Owner-Managers
Definition The serial
entrepreneurs refer
as capability of
business owners to
achieve their set
goals within
specified duration
regularly to remain
The entrepreneurs
are described as key
persons who develop
plan and strategy for
enterprise to increase
its potential power
and prospects.
The managers are
also termed as
directors and
supervisors who give
their high level of
efforts for company
in executing roles
and responsibilities