Project on Factors of Entrepreneurship and Small Business Management : Hilton hotel

   

Added on  2020-06-06

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ENTREPRENEURSHIPAND SMALL BUSINESSMANAGEMENT
Project on Factors of Entrepreneurship and Small Business Management : Hilton hotel_1
Table of ContentsINTRODUCTION...........................................................................................................................1TASK 1............................................................................................................................................1P 1. Various types of entrepreneurial ventures and its typologies.........................................1P 2. Similarities and dissimilarities between entrepreneurial ventures..................................2P 3. Impact of small and micro business on the economy......................................................3P 4. Importance of business start - up's and small business to the growth of social economy5CONCLUSION................................................................................................................................6REFERENCES................................................................................................................................7
Project on Factors of Entrepreneurship and Small Business Management : Hilton hotel_2
INTRODUCTIONEntrepreneurship can be simply defined as a procedure of scheming, organising andexecuting a business venture dealing with goods and services in marketplace. People who used torun such ventures are known as entrepreneurs. They try to implement something new and uniquein order to seek attention of large number of civilians(Awogbenle and Iwuamadi, 2010). Thecurrent report is based on Hilton hotel. In this project, important factors about entrepreneurshipand small business management has been described. Herein different kinds of entrepreneurialventures is going to be discussed. TASK 1P 1. Various types of entrepreneurial ventures and its typologiesSeveral types of entrepreneur ventures are stated below :Small business enterprise :Such firms are often very small in size which is started by anindividual or a group of person for earning profits so that they can survive easily. Thisusually involves businesses of small saloon, grocery, electrician, travel agents and manymore. Scalable start – up entrepreneurship : These people are often novice their ideas forchanging entire conception of marketing area. They commonly search for sponsors whosupports their thoughts and help them financially. Large company entrepreneurship : Such firms are generally very large in size andengages numerous of workers in order to manufacture products and services on time toattract consumers as well as earning high profitability. Hilton hotel can be the bestexample for such type of large venture. It is an international brand that offers hospitalityservices with the help of their more than 570 hotels and resorts in around 85 nations. Thiswas founded by a great entrepreneur named as Conrad Hilton in 1919. Social entrepreneurship : They aim to create peace or developed social group and try todo the same by implementing different events and plan of actions(Bruton, Ahlstrom andLi, 2010). Those above described ventures are interconnected with certain typology of businesswhich is discussed below :1
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