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Entrepreneurship and Small Business Management (Docs)

Added on -2020-12-09

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Entrepreneurship andSmall BusinessManagement
Table of ContentsINTRODUCTION...........................................................................................................................3TASK 1&2.......................................................................................................................................3Covered in Booklet.................................................................................................................3TASK 3............................................................................................................................................3P5 Characteristics, Traits and Sills of successful entrepreneurs that differentiate them frombusiness managers..................................................................................................................3P6 Assess how aspects of the entrepreneurial personality reflect entrepreneurial motivationand mindset.............................................................................................................................5TASK 4............................................................................................................................................6P7 Background and Experience can hinder or foster Entrepreneurship................................6CONCLUSION................................................................................................................................7REFERENCES................................................................................................................................8
INTRODUCTIONEntrepreneurship is the process of designing, executing and bearing risks with the purpose ofprofit maximisation and goal achievement of organization. It refers to the development andimplementation of ideas to generate new innovations . A businessmen is a person who managesactivities of organization and accepts the risks associated in order to be successful. All theentrepreneur starts their business on a small scale at the initial level of any business. Manysuccessful managers and leaders are there around the globe who identified the need of customersfirst and then developed an innovative product. A successful businessman utilise the resourceseffectively and efficiently.Here the relations of entrepreneurs with other factors are examined.Also, what all factors motivates an employee to achieve goals. By the help of the present study,the researcher will be able identify various motivation, skills and traits drivers which are used bysuccessful and leading entrepreneurs and what all factors motivate them to perform best of theircapability.TASK 1&2Covered in BookletTASK 3P5 Characteristics, Traits and Skills of successful entrepreneurs that differentiate them frombusiness managers.An Entrepreneur is known as the owner of the company i A successful entrepreneur is anindividual who focuses on achievements and profits (Jeong, 2017). An entrepreneur is referredas person who is responsible for achievements and failures of an enterprise. A decisionmaker issaid to be a person who have a regular check on the performance of employees and variousdepartments of an organisation. Certain activities are performed by manager includes decisionmaking, resolving of conflicts if any and motivating employees. To have a detailedunderstanding of entrepreneurship two successful entrepreneur are concerned in this report i.e.,Bill Gates and Larry Page.the well known Microsoft company was founded by Bill Gates. The organization offersrange of services which leads in the invention of new technologies. Microsoft is considers as the

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