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Entrepreneurship and Small Business Management(ESBM) Assignment

   

Added on  2020-06-04

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Entrepreneurship
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Entrepreneurship and SmallBusiness Management
Entrepreneurship and Small Business Management(ESBM) Assignment_1

Table of ContentsINTRODUCTION...........................................................................................................................1TASK 1............................................................................................................................................1P 1 Different types of entrepreneurial ventures and relate typology ........................................1P2: Similarities and differences between entrepreneurial ventures............................................3P3 Interpret and assess relevant data and statistics to illustrate how micro and small businessesimpact on the economy...............................................................................................................4P4 Importance of small businesses ............................................................................................6P5 characteristic traits and skills of Thomas Edison different from other business managers......................................................................................................................................................6P.6 Entrepreneurial personality reflecting entrepreneurial motivation and mindset...................8P.7 Background and experience of entrepreneur........................................................................9CONCLUSION..............................................................................................................................10REFERENCES .............................................................................................................................11
Entrepreneurship and Small Business Management(ESBM) Assignment_2

INTRODUCTIONEntrepreneur is person who focus on innovation for business development. In this reportis to be focus on different types of entrepreneurial venture is used to increase overall marketshare. This report is based on Edison's GE group. The company is basically located in UnitedKingdom and provide different kind of services in introduce new technology. Further, it coveredsuccessful Entrepreneur Thomas Eddison (Ayandibu, 2017). In addition, relevant data andstatistics to micro and small businesses impact on the economy. In addition, new businessconcern start-up and development of economic condition. Entrepreneur is a person who believein overall invention is utile for general development in securities industry share and shuffle somenatural event in development rate. TASK 1P 1 Different types of entrepreneurial ventures and relate typology Entrepreneurship ventures are not just only related to the business, it also can be underthe family firm or can be under any corporate organization. Sometimes it can be a socialenterprise as well. Different types of entrepreneurship ventures can be related with the typologyThomas Eddison of entrepreneurship venture (Carter, 2015). The first level for the analysis ofdifferent entrepreneurship ventures starts with the acknowledged of whether it is under anypresent organization or owned by the individual or a team individual who are independent of anyorganization, which means they can be divided as:Big Corporate Entrepreneurship Independent EntrepreneurshipStart up EntrepreneurshipSocial EntrepreneurshipBig Corporate Entrepreneurship It is under any Big organization As every entrepreneurship venture is purely based onstrategies they can be further classified on the basis of the making of strategy which can be at thefour types of level : Enterprise LevelCorporate LevelBusiness LevelFunctional Level.1
Entrepreneurship and Small Business Management(ESBM) Assignment_3

Here they have different roles , the Thomas Eddison enterprise level determines the reason forthe existence of any enterprise, the corporate level deals with the problems or the issues fordeciding what type of business activities the enterprise is indulged in;the business level dealswith the problems related to compete in the market; the functional level determines the activitieswhich deals with the problems in the functioning of any enterprise (Ciampi, 2013).For examplethere are many companies like Microsoft, Apple etc. which are private companies.Independent Entrepreneurship Independent Entrepreneurship is owned by individual or a team of individuals, whichcan be further categorised on the basis of the :growth of potential income substitution of any enterprise.While entrepreneurial venture is potentially growing there is a need to know whether it is Need driven independent venturetechnology driven independent ventureThe need driven potential growth determines the reason why an enterprise is at the market place,where the owner finds out the gaps which are needed to be filled to take an appropriate place inthe market; the owner may not be much aware of the latest technology or the product but knowswhat is the requirement in the market and knows how to fulfil it successfully. Whereastechnologically driven determines the desire of providing the state-of-the-art technology , theyare only aware of the technological need in the market and seeks for the fulfilment of the need byproviding the latest technology to the customers (Cowling, 2015). The Edison's GE group is anIndependent Entrepreneurship runs by the team of individual who are independent of any presentorganisation. It is an American Conglomerate Organisation which has diversified products and isa profit seeking organisational group is the need driven independent venture which full fills theproduct needs of the customers. There can be many examples such as Social Media Platformslike Hike Messenger,Facebook etc.Start-up EntrepreneurshipThese are the newly introduced business enterprise in the market offering innovativeproduct or services and is ready to face the competition with the competitors who were alreadyestablished in the market. The main motives of these entrepreneurship venture is to retain2
Entrepreneurship and Small Business Management(ESBM) Assignment_4

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