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Entrepreneurship and Small Business Management : Assignment PDF

   

Added on  2021-02-20

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Leadership ManagementEntrepreneurship
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Entrepreneurship and SmallBusiness Management
Entrepreneurship and Small Business Management : Assignment PDF_1

Table of ContentsINTRODUCTION...........................................................................................................................3TASK 1............................................................................................................................................3P1............................................................................................................................................3P2 ...........................................................................................................................................5TASK 2............................................................................................................................................6P3 ...........................................................................................................................................6P4 ...........................................................................................................................................9TASK 3..........................................................................................................................................10P5 .........................................................................................................................................10P6 .........................................................................................................................................13CONCLUSION..............................................................................................................................14RECOMMENDATION.................................................................................................................14REFERENCES..............................................................................................................................15
Entrepreneurship and Small Business Management : Assignment PDF_2

INTRODUCTIONEntrepreneurship is characterized as activity of introduction, scheming and movingtowards fresh enterprise or firm (Bosma, 2013). It is also known as willingness and capability fororganize, processing and carry off business task by taking hazard in order to make profits. Personwho evolve businesses are called entrepreneurs. Similarly, Small business management isdefined as procedures for managing organisation and their operations and functions in effectualway. It is very important for enterprise to manage business for achievement of goal andobjectives. The main purpose of assignment is to highlight about different kinds ofentrepreneurial undertaking along with their topology. Along with, there is discussion aboutsignificant of tinyenterprise as well as start up are discusses here and impact on economy ofnations. For becoming entrepreneur, there are some characteristics, traits and skills that arerequired within individuals. TASK 1P1Business are mainly formed by taking risk for achieving maximum gains and profits(Burns, 2016). These helps in economy and entrepreneur for rising profits. There are somesignificant of commercial enterprise to economic system in terms of improving organisationefficiency, achieving objectives, optimum utilisation of resources and so on. There are alsograndness of businessperson who are ready toinitiateconcern such as creation of employmentopportunity, development of local and regional, transfer of technology and so on. Entrepreneur- They are regarded as individual who focus on creating and developingfresh commercial enterprise with some mission and vision by taking various hazardin order togain high revenues and profits margins (Carsrud and et. al., 2014). Entrepreneur bring bothpeople and resources together to form profitable business at marketplace.Entrepreneurship- It is defined as process where business are created in order to fulfilsneed and demand of society in terms of employment generation and products & services creationin effectual manner. This is called activity where various operations and functions are takenplace for achievement of goal and objectives.
Entrepreneurship and Small Business Management : Assignment PDF_3

Entrepreneurial Ventures- This is referred as organisation where opportunism andinnovation take place for producing social or economic value. Some of the kinds of differententrepreneurial undertaking are described below:Innovative- It is defined as businessperson project who focus on introducing fresh aswell as advanced good and services for discovering new market. They work when theyhave reached their development level and looks for improvement and change. Forexample, Alfredo Moser has done innovative where he has used bottles filled with wateras a light bulb during the day without electricity (Alfredo Moser: Bottle light inventorproud to be poor, 2019).Copycat- It is defined as venture where entrepreneurs copy other in order to get successand growth. Each and every aspects are same for such venture like website, businesscard, way of presentation and so on. Social- This is defined as entrepreneurial venture where they invest, create and employanswer for biological science, cultural and social issues. They focus on providing positivereturn to society. Topology- It is defined as classification of types on their basis for accomplishment ofbusiness goal and objectives in an effective and efficient manner (Chell and Karataş-Özkan,2014). The various kinds of entrepreneurial topology are described below:Lifestyle- In this topology, there is focus on improvement of living standard of people inorder to operate business activities.Survival- It is defined as topology which are formed to fulfils their basic need andrequirement for better outcomes.Growth- This is referred as topology which aims to enhance high revenues and profits byusing innovative creativity and ideas. Relation of entrepreneurship typology with entrepreneurial ventureEntrepreneurialVentureRelation To Typology ofEntrepreneurshipHow they workInnovativeGrowthAdopt new and advance technologyCopycatSurvival Fulfilment of basic needsSocialLifestyleFor increase profit margins.
Entrepreneurship and Small Business Management : Assignment PDF_4

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