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Entrepreneurship and Small Business Management : Larry Page and Peter Jones

   

Added on  2021-02-19

10 Pages3062 Words33 Views
Entrepreneurship andSmall businessManagement

Table of ContentsINTRODUCTION...........................................................................................................................1Activity 1.........................................................................................................................................1Covered in booklet.......................................................................................................................1Activity 2.........................................................................................................................................1P5. Characteristic traits together with skills of entrepreneurs.....................................................1P6. Aspects of entrepreneurial personality..................................................................................3P7. Background and experience...................................................................................................5CONCLUSION................................................................................................................................7REFERENCES................................................................................................................................8

INTRODUCTIONEntrepreneurship is pursuit of distinct opportunities that are beyond controlling resourcesand managing risks (Allen and Truman, 2016). The spirit of entrepreneurs is generallycharacterised through their risk taking capacity and willingness for innovations which is essentialto succeed in changing market. It is important for any nation to support ideas generated byentrepreneurs to manage their businesses within small or large scale. It involves high risks butalso rewards high by catering services for generating innovation, economic wealth addition to thegrowth. The report includes formative discussion about entrepreneurship concept with widerange of entrepreneurial ventures. In addition, it also includes the impact which small businesseshave on the economy, importances of start-ups and small business for social economic growth. Activity 1Covered in bookletActivity 2P5. Characteristic traits together with skills of entrepreneursEntrepreneurs possess abilities that helps them to recognize invention potentials. Theseare the originators who organizes resources to convert normal invention into commercial viableinnovation (Allen and Truman, 2016). They have willingness to search innovative idea,attracting investors and encourage people to attain efficiency with potential profitability. Larry Page and Peter Jones are the successful British entrepreneurs who possess variousskills, characteristics and traits which are mentioned below:Larry Page:The successful entrepreneur who believes to deliver more than theexpectations. Larry page is Computer scientist who Co founded the company named as Googlealong with his friend Sergey Brin in 1998. The life of Larry was influenced by some of thefactors such as his education, grandfather's history, administration for visionary inventor as wellas involvement in leadership institute. The characteristic traits of Larry Page are as discussed:Forward looking: Entrepreneurs who are successful are generally forward looking as theyanticipated uncertain situations and acts accordingly. For instance, Larry page have characteristicto analyse present circumstances as well as forecast trends, challenges with opportunities forfuture duration. Other business managers fails to look forward and analyse situations but Larry1

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