Entrepreneurship and Small Business Management

This presentation explores the concepts of entrepreneurship and small business management. It covers different types of entrepreneurial ventures, the similarities and differences between large and small entrepreneurship, and the scope, growth, and development of entrepreneurial ventures in both the public and private sectors.

Entrepreneurship and Small
Business Management

Table of content
• INTRODUCTION
• Entrepreneurship
• Difference in Entrepreneurship and Intrapreneurship
• Different types of entrepreneurial ventures
• Entrepreneurial venture typologies
• Similarities in large and small entrepreneurship
Similarities between social and scalable entrepreneurship
Similarities between PRIVATE, PUBLIC AND SOCIAL entrepreneurship
• Difference between large and small entrepreneurship
Difference in social and scalable entrepreneurship
Difference PRIVATE, PUBLIC AND SOCIAL entrepreneurship
• Investigating entrepreneurial ventures in order to gain understanding of
entrepreneurship in context of both public and private sector
• Critical examination of scope of entrepreneurial ventures, growth and
development

 Entrepreneurship is basically activity which undertakes setting up a business with
taking financial risks and hoping for earnings and profits. The person or an
individual who develops a business and bears all its risks and responsibilities are
known as entrepreneurs. Entrepreneurship involves huge risks but also a very
beneficial and high reward serving operation. This assignment report is based on
different concepts of entrepreneurship. In this report different types of
entrepreneurial ventures are explained in relation with the typologies
entrepreneurship, also various differences and similarities are seen.
INTRODUCTION

 Entrepreneurship is a act of developing a business and businesses and building it or
scaling it to create and earn profits.
 A study of both formulating a new business as well as undertaking actual process
of starting a new business is known as entrepreneurship
Entrepreneurship

BASIS Entrepreneurship Intrapreneurship
Definition Entrepreneurship is a dynamic
process which is undertaken for
incremental wealth.
Intrapreneurship is the
entrepreneurship within an existing
organisation.
Objective Its core objective is to create
something new of socio-economic
value. Also, to innovate, financial
gain and independence
To increase the competitive
strength and market sustainability
of company. Also, to enhance the
rewarding capacity and capabilities
of the organisation.
Difference in Entrepreneurship and
Intrapreneurship

 Small business entrepreneurship this type of entrepreneurship and business
activity is started with very limited sources and resources such as finance capital,
raw material and personal.
 Large business entrepreneurship are started with huge investment and on very
big level. Here, entrepreneurs comes into market with an innovative idea and
develops strong business with the motto of serving to customers and satisfying their
needs bring to their taste and preferences.
Different types of entrepreneurial ventures

 Scalable entrepreneurship is based on the assumption the entrepreneur
have in their mind in relation with their idea.
 Lifestyle entrepreneurship is the business which a person introduces for
altering their personal lifestyle and not with sole objective of earning
profits.
 Social entrepreneurship are established with single objective of helping
others and fulfilling their needs who cannot afford and unable to do so.
Continue....

 Female entrepreneur typology defines that females are more efficient
and calm males which enables them and assist them in in making better
strategic decision for the business.
 Male entrepreneur typology refers to and states that the males having
better powers and ability to monitor and control a business activity more
efficiently than women.
 Social entrepreneur typology states that and relates to those enterprises
which are more interested in resolving problems of others and rendering
them with effective production services.
Entrepreneurial venture typologies

 Initially several difficulties and complications are faced by both types of businesses
either small or large as many external and internal factors are present which Hinder
their motives but both the entrepreneurships stand in market and earn enough
profits by which they manage to be present in external environment and give huge
competition to others.
Similarities in large and small
entrepreneurship

 Social entrepreneurship and scalable entrepreneurship both works for making the
world a better place by rendering people goods and services which will help them
in living better life and enhancing their living standards.
Similarities between social and scalable
entrepreneurship

 Private, public and social entrepreneurship initially enters the market with aim of
sustaining even if they earn losses and have to fund their business with their
personal funds.
 All these three entrepreneurship ventures contributes towards economy and
enhance its position amongst other world economies. This is due to increasing
social and living standards of people and regular flow of money in market.
Similarities between PRIVATE,
PUBLIC AND SOCIAL
entrepreneurship

BASIS Large entrepreneurship Small entreprenurship
Finance In small business entrepreneurship the
finances and amount which an
entrepreneur start their business is very
low (Dana, 2018). Also these finances
which entrepreneurs invest in their
business are gathered form their
personal savings or from close relatives
and friends.
On the other hand large
business entrepreneurship
includes huge amount of
money as size and nature of
business is large. These
finances are raised from
various sources which are
authentic and secured such as
through bank loans or through
equity shares.
Size Size and nature of small business
enterprise are very clear with the name.
The operations of small
entrepreneurship are very little and they
cover very small area as their target
market.
Large business
entrepreneurship are open and
operated on very bigger scale.
These businesses are
introduced in market with
innovative idea and involves
use amount of money e
resources and employees to
fulfill the objectives of
company.
Difference between large and small
entrepreneurship

BASIS Social entrepreneurship Scalable entrepreneurship
Objectives The main aim and objective of social
entrepreneurship and entrepreneur behind
this business is to serve others in order to
enhance their living standard by providing
them with basic products and services.
Scalable entrepreneurship are established by
entrepreneur with an assumption that their
idea which is of innovative nature can bring
change in the world and make it a better place
to live.
Employees Basically all the employees of social
entrepreneurship are self employed and
known as volunteers. They work with the
motive of serving others and making them
happy and do not expect any salary or
regular pay.
Employees of scalable entrepreneurship are
skilled and hold best talents and expertise
(Jones and et. al.,
2018). The skilled employees or personnel’s
enables company to execute their innovative
idea into operations and bringing best
effective product in marketplace for the
customers and satisfying their needs
Difference in social and scalable
entrepreneurship

Difference PRIVATE, PUBLIC AND
SOCIAL entrepreneurship
BASIS PRIVATE PUBLIC
Definition Entrepreneurship
which are
initiated and
begins under
private sector are
refereed as
private
entrepreneurship.
Entrepreneurship
which are
regulated and
controlled by
government is
known as public
entrepreneurship
Objective The core aim of
private
entrepreneurship
is to sustain in
marketplace
initially and earn
profits. Once it is
stable then it aims
towards acquiring
whole market and
be most
productive.
Main objective of
public
entrepreneurship is
to serve people and
earn profits for
increasing
governments
wealth which
ultimately be used
in social welfare of
respective country.
SOCIAL
Social
entrepreneurship are
developed for
betterment of society
and increasing living
standards of
individuals.
The objective of social
entrepreneurship is to
increase social
awareness, enhance
people lifestyles and
help them in fulfilling
their basic needs

 Entrepreneurial ventures of various kinds having different roles and responsibility
and broadly classified into different sectors. The sectors are public and private,
enterprises perform significant role in both the sectors (Kuckertz and Prochotta,
2018). In public sector and in favor of public these organizations bridge answer
public by offering products like food and fulfilling shelter needs.
Investigating entrepreneurial ventures in
order to gain understanding of
entrepreneurship in context of both
public and private sector

 Nowadays current market situation is very crucial market is changing everyday and
in challenges are coming up in front of business. Every new venture comes into
market with their unique business objectives and take different measures to achieve
them. Small and scalable businesses steps into marketplace and invest lots and lots
of money in order to make the operations effective and game competitive
advantage over others (Venkataraman, 2019).
Critical examination of scope of
entrepreneurial ventures, growth and
development

THANK YOU