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Entrepreneurship and Small Business Management - Assignment (solve)

   

Added on  2021-02-20

17 Pages5460 Words89 Views
Entrepreneurship andSmall BusinessManagement

Table of ContentsINTRODUCTION...........................................................................................................................3Task1................................................................................................................................................3Covered in PPT...........................................................................................................................3Task 2...............................................................................................................................................3P3 Interpret and assess relevant data and statistics to illustrate how micro and small businessimpact on the economy...............................................................................................................3P4 Explain the importance of small business and business start-ups to the growth of the socialeconomy. ....................................................................................................................................5M2 Evaluate the difference small, medium, and large make to the economy, applying relevantdata and statistics. .......................................................................................................................7D2 Critically examine how small business have an impact on different levels of the economy (local, regional, national ) and in an intentional context.............................................................7P5 Determine the characteristic traits and skills of successfully entrepreneur that differentiatethem from other business managers. ..........................................................................................8P6: Aspects Of Entrepreneurial Personality Reflect Entrepreneurial Motivation And Mindset....................................................................................................................................................11M3: Various Lines of Argument which is related to Entrepreneurial Characteristics..............12D3: Characteristics, Traits, Skills and Motivational Drivers of Successful Entrepreneurs......13Conclusion.....................................................................................................................................15REFERENCES..............................................................................................................................17

INTRODUCTIONEntrepreneurship is an activity which helps individual to create new business, sharingmost of the risks and savour most of the rewards. Entrepreneur is basically known as innovatorwhich try to understand the market needs and wants. They are risk takers,if fail they become lessprevalent in the market. A small business plays an vital role in countries economy, andgovernment provide support new to small scale industries. Present report is based onentrepreneurship and small business management. This report also examine different type ofentrepreneurial venture along with typology of entrepreneurship. Research also compare thesameness and differences between entrepreneurial venture. Report also provide insight of small,large , medium, businesses and try to provide actual data and statistics. In other words, the reporttry to provide in depth knowledge regarding entrepreneur, in both negative and positive mannerwith the help of examples and by comparing and contrasting. In addition with this, project coversdetailed evaluation of background and experience that can create obstacles in entrepreneurship.Further, entrepreneurial characteristics along with this impact of small scale business and startups on economic growth of country are also covered in this report. Task1Covered in PPTTask 2P3 Interpret and assess relevant data and statistics to illustrate how micro and small businessimpact on the economy.Micro and small business :Small and micro industry are those which are run therebusiness on small scale. Manufacturing of products, production and services are providing onsmall scale. These kind of industry are important for the economic and social development. Itcan say that micro business require more skills to achieve there organisational goal in a effectivee manner. Small business are kind of where 600 em,employees are working. So targetachievement is necessary for the organisation as well as employees. That's by it is important forboth of them.It is analysed that small ans micro business impact on economic growth in a possiti9ve manner.Small and micro business both are the part of economic development. These companies provide

effective tanning to there employees. They also focus on the skills of the employees. That's byemployees of there company are dedicated to there work. It is the reason to increase computationin the present market. Illustration: Impact of economy of UKAccording to this representative graph, it can interpreted that in small and micro industrypossibility of employees is maximised in UK and 88.2 percentage is the compaire3dv resultwhich is founded. The growth of it increase with 0.6%. on other hand it also analysed that largeand medium industries also can increase with the same rate. So, it can say that small and micro industries are playing important role in economy. These bothare directly impact on the growth of United Kingdom's economy. It impact with positive manner.Which is beneficial for both of them (Ahmad, 2015) . It is true that this is beneficial for themicro and small business firms.Share of business in UKAccounting to this graph it is analysed that in United kingdom, there are many small andmicro organisation is available. Through both organisation employment opportunity alsoincrease in UK which is beneficial for the people of UK. Ap0rox 2% employment is increase inUK through Therese organisation. And 1.4 m, million of job opportunity are provided by these

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