Entrepreneurship and Small Business Management Assignment : Tesco

Added on - 21 Feb 2021

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Entrepreneurship And SmallBusiness Management
Table of ContentsINTRODUCTION...........................................................................................................................11) Examine the characteristics traits, skills, and motivational drivers of entrepreneur.........12) Assess aspects of entrepreneurial personality reflect entrepreneurial motivation andmindset...................................................................................................................................13) Evaluating background and experience and how they foster or hinder entrepreneurship.24) Critically examine how background and experience influence entrepreneurs positively andnegatively..............................................................................................................................3CONCLUSION...............................................................................................................................4REFERENCES................................................................................................................................5
INTRODUCTIONEntrepreneurship is the activity of designing, launching and running the business at ownrisk in the competitive world. They help in growth and development of the economy in terms ofrevenue as well as generates huge employment opportunities. This report overs characteristictraits, skills and motivational drivers of manger and leader so that their concepts can be moreclear. Also, focus on how entrepreneurial personality reflect entrepreneurial motivation andmindset. Additionally, throw-light on the entrepreneurial background, experience etc. and howthey entrepreneurship (Burns and Dewhurst, 2016).1) Examine the characteristics traits, skills, and motivational drivers of entrepreneur.The evaluation of characteristic traits, skills, and motivational drivers are explained as follows:BasisEntrepreneurMangerMeaningThe person who takes all therisk and run the business alllone and is liable for all theprofit and loss incurred by theorganization.A manger is person whohandles all the activities fromplanning,directing,coordinating and controlling inan organization.SkillsEntrepreneur adopts the skillsof transformational. So thatworkers are influenced toperform better.Transactional skills areadopted by manger in theiradministration. so that smoothfunctioning of the business canbe carried out easily.Motivational driversEntrepreneur follow autocraticleadership styles in order tomotivate the employees in themarket place.Here, mangers adoptsdemocratic leadership styles intheir working premises. So thatset objectives can be achievedin the given time frame.CharacteristicThe characteristics ofEntrepreneur is to promotechange or modifications.Mangers characteristics reactto change emerging in theadministration.Decision making processEntrepreneur facilitatesdecision in the enterpriseDecisions are taken by the1
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