Entrepreneurship and Small Business Management: A Comprehensive Analysis

Verified

Added on  2024/07/12

|25
|5504
|207
AI Summary
This report delves into the multifaceted world of entrepreneurship and small business management, exploring various types of entrepreneurial ventures, their impact on the economy, and the characteristics of successful entrepreneurs. It examines the similarities and differences between different types of ventures, analyzes the role of small businesses in local, regional, national, and international contexts, and investigates the influence of personal background and experience on entrepreneurial success. The report also critically examines the scope, development, and growth of entrepreneurship ventures, highlighting the importance of small businesses in driving economic and social growth.

Contribute Materials

Your contribution can guide someone’s learning journey. Share your documents today.
Document Page
Entrepreneurship and Small Business
Management

1

Secure Best Marks with AI Grader

Need help grading? Try our AI Grader for instant feedback on your assignments.
Document Page
Contents
Introduction
................................................................................................................................ 3
PART 1:
..................................................................................................................................... 5
P1: Provide an introduction to the report by examining different types of entrepreneurial

ventures and explaining how they relate to the typology (different types) of

entrepreneurship.
....................................................................................................................5
P2: Explore the similarities and differences between each type of entrepreneurship venture.

................................................................................................................................................
7
P3: Present, interpret and assess relevant data and statistic to illustrate the impact micro and

small business have on the economy.
.....................................................................................9
P4: Explain the importance that small businesses and business start-ups on the growth of

the social economy.
..............................................................................................................10
M1: Investigate a diverse range of entrepreneurial ventures to demonstrate an

understanding of entrepreneurship in both public and private sector.
..................................11
M2: Evaluate the differences that small, medium and large businesses make to the

economy, applying relevant data and statistics.
...................................................................12
D1: Critically examine the scope, development and growth of entrepreneurship ventures.
13
D2: Critically examine how small businesses have an impact on different levels of the

economy in a local, regional, national and international context.
........................................14
PART 2
.....................................................................................................................................15
P5: Determine what makes a successful entrepreneur.
........................................................15
M3. Examine different lines of arguments.
.........................................................................19
M4. Analyze link between features of the entrepreneurs and successful entrepreneurs
......20
D3. Analyzing the characteristics traits and skills and motivational drivers of successful

entrepreneurs
........................................................................................................................21
D4. Evaluate the entrepreneurs positively and negatively
...................................................22
Conclusion
................................................................................................................................23
References
................................................................................................................................ 24
2
Document Page
3
Document Page
Introduction
In this report on “Entrepreneurship and Small Business Management”, various types of

entrepreneurial ventures are discussed. The relation of these entrepreneurial ventures is

shown with the topologies. The difference and similarity between different types of

entrepreneurial ventures is also explained below in this report. The difference is shown on

factors, such as roles, objective and characteristics. With the help of statically data

considering regional, local, national and international economic impacts. Below in this report,

reasons for making a business successful is being explained in detail. Traits and

characteristics of a successful entrepreneur along with its personality was defined in this

report. This report also carries the relation between risk and reward. Along with this, relation

between past experience and person’s background is also shown in this report. Importance of

small business and business start-ups on the economy of the country and is growth is

measured deeply in the report.

4

Secure Best Marks with AI Grader

Need help grading? Try our AI Grader for instant feedback on your assignments.
Document Page
PART 1:
Introduction

This report will provide a brief introduction to the entrepreneurship and entrepreneurial

ventures and also tells about the typology of entrepreneurship. In addition to this, it also

covers the differences between the types of entrepreneurial ventures. Furthermore, a

discussion on the impact of micro and macro scale businesses on the economy is given. The

report ends with the explanation of the importance of small business start-ups on the growth

of social economy.

P1: Provide an introduction to the report by examining different types of

entrepreneurial ventures and explaining how they relate to the typology (different

types) of entrepreneurship.

Entrepreneurship is all about developing and creating a business in order to gain profits. The

modern definition emphasise the transformation of the world by solving big problems. This

can be related to developing a new product or service, initiating social changes, or presenting

a major life-changing idea. As described by Ducker (2014), “entrepreneurship is the most

innovative approach towards the business operations in order to manage, organise, and lead

the workforce of an organisation. This is done to achieve the organisational goals.

Talking in terms of societal benefits, this can help in lowering the unemployment and poverty

by creating jobs. Since it is all about building one’s life on pre-defined terms, it leads people

in the direction set by them. The scope of the entrepreneurship is different in different

countries. For example, in the developing countries like India, the poverty and unemployment

rate is very high, therefore entrepreneurial activities can be an efficient way to deal with the

situation. In addition to this, in the developed country, entrepreneurship can help in

eradicating the socio-economic imbalance (
Anderson, 2017).
Different researchers have given their own entrepreneurship typologies based on different

criteria, such as need for achievement, security, power, recognition, attitude to growth,

decision-making, etc. Various types of entrepreneurship have been defined in here:-

Large Corporations:
These type of entrepreneurship aims at acquiring the growth and
sustainability by synthesising new products and services. These have a certain life cycle and

are subjected to large competition in the market. Their success depends on the innovation in

the product.

5
Document Page
Small Scale Business Entrepreneurship: These entrepreneurship usually operate in the
local and regional market. The examples of this typology are supermarket, internet café,

general stores, restaurants, etc. These are developed by a few members only (
Storey, 2016).
Social Entrepreneurship:
This type of entrepreneurship aims at developing the services and
products that serve the society and benefit the people.

Scalable Business Start-ups:
These ventures have the potential to change the entire business
model dynamically. This type of entrepreneurship model emphasises more on quality and

creativity.

6
Document Page
P2: Explore the similarities and differences between each type of entrepreneurship
venture.

Venture
Objective Role Characteristics
Large

Corporations

The main objectives

of this venture is to

generate high ROI,

profits and revenue.

These have acquired

a competitive role.

For this purpose,

these venture focus

on quality and

sustainability.

These have a certain

life cycle and are

subjected to large

competition in the

market. Their

success depends on

the innovation in the

product.

Scalable or Micro

Entrepreneurship

Their main aim is to

reach at the top of

the market and

acquire the largest

section of the market

share.

These type of

entrepreneurship are

directed by the

persons who act as a

leader. They analyse

both internal and

external strengths

and weaknesses as

well

(
Anderson, 2017).
These

entrepreneurship

have a strategic

model to achieve the

market shares.

These type of start-

ups are controlled,

supervised, and

managed by the

founders themselves.

They aim at

transforming the

existing market and

acquire a larger

share in the market.

Small Business

Entrepreneurship

or micro level

entrepreneurship

To reap the

maximum benefits

out of the existing

local and regional

market (
Storey,
2016
).
These

entrepreneurship

help the workers in

attaining the

technical knowledge

and experience.

These

entrepreneurial units

These

entrepreneurship

usually operate in

the local and

regional market and

are formed by fewer

members. The

production scale and

7

Paraphrase This Document

Need a fresh take? Get an instant paraphrase of this document with our AI Paraphraser
Document Page
are responsible for
empowering the

workforce.

the working space is

small. The

maximum number of

employees is 5 to 10.

Social

Entrepreneurship

By developing the

effective services

and products, the

society is being

benefited (
Parker,
2018
).
Being a responsible

venture, the key role

is to provide benefits

to people, the

environment, and

society.

These can be non-

profitable and can

help in serving the

society and nature.

8
Document Page
P3: Present, interpret and assess relevant data and statistic to illustrate the impact
micro and small business have on the economy.

According to OECD, small and medium-sized enterprises provide nearly 60% employment in

the global economy. As discussed in this report, different entrepreneurship ventures operate

differently in developing and developed countries. These help the developing countries in

generating wealth and jobs. In addition to this, some successful entrepreneurship models

attract the overseas investments in the country. At a regional level, the small-scale models

provide effective solutions to some crucial issues regarding the development. For instance,

these SMEs can provide solutions regarding the access to clean water and energy and training

as well (
Storey, 2016).
In under-developed regions, the SMEs and entrepreneurial models can promote shared

prosperity by unleashing the private sector-led growth. Small businesses play a significant

role in attending the development challenges in the local communities as they are the driver

of local growth. Small-scale businesses assist in capacity building of larger companies

dealing in wide range of areas, such as ICT, green technology, market intelligence, etc.

In the context of the UK, more than 27 million people are working in the small enterprises. It

is also important to note that the growth of the small-scale business is boosting. The number

of small-scale businesses has outnumbered the large-scale firms in the UK. In addition to this,

they are challenging the large scale industries by implementing smart, innovative, and

creative strategies in the business model. As a result of which, the UK's 39.5% revenue

comes from small-scale businesses.

9
Document Page
P4: Explain the importance that small businesses and business start-ups on the growth
of the social economy.

In the 1980s, the government of the UK recognized the potential of SMEs in reducing the

social challenges, such as poverty, unemployment, and socio-economic gap. Recent research

works have shown that the long-term prosperity and economic growth of the United

Kingdom require the full participation from the SMEs. Government is opting for fostering the

small-scale entrepreneurship as a suitable instrument to curb the economic crisis. With the

rising percentage in the employment opportunities in the small businesses, the local, regional,

and national development goals can be achieved. In simple words, the SMEs are the spine for

economic development in the UK (
Parker, 2018).
The net employment growth in the small-scale start-ups is 1.8%. Small businesses play a

significant role in attending the development challenges in the local communities as they are

the driver of local growth. Small businesses contribute to local economies by bringing

innovation and growth to the local communities. These businesses trigger the economic

growth and social growth as well. The help the newcomers to gain relevant field knowledge

and experience, thereby increasing their chances of getting employment in the future. Larger

businesses often work with small enterprises in order to complete their consignments through

the process of outsourcing (Mukherjee, 2016).

SMEs are more stable in the times of economic crisis as their scale of operation is not large,

thereby their losses are not as huge as that of large-scale enterprises. Therefore, these firms

barely fire their employees in the time of recession. Small business does not always remain

small as with time their scale of operation grows. They often headquartered at the community

in which they started their businesses. This helps in the development of that region by

providing jobs for the locals and stimulating the local economy.

10

Secure Best Marks with AI Grader

Need help grading? Try our AI Grader for instant feedback on your assignments.
Document Page
M1: Investigate a diverse range of entrepreneurial ventures to demonstrate an
understanding of entrepreneurship in both the public and private sector.

In the UK, both public and private sector is responsible for the development of

entrepreneurial models. These fully grown models lead to the economic growth of the nation.

To notice their effect, one should study the socio-economic development and achievements

of the nation. In addition to this, the privatisation plays a vital role in strengthening the

economic growth of the region and provide a large number of jobs (Mukherjee, 2016).

Government and private sector together contribute to the development of entrepreneurial

ventures by providing them technical and financial support

Talking about the developing countries, they require new and effective approaches to carry

out and sustain economic growth and seize the potential opportunities from these flows.

Private sector entrepreneurship ventures are critical to attaining this. Governments of nations,

such as India, Bhutan, Sri Lanka, and Africa are encouraging and supporting entrepreneurial

zeal in the country.

The country’s business environment is depending on the public and private sector

performance and policies formulated by the government.
World Bank’s Ease of Doing
Business
indicators set rules, examine the business environment and promote investment in
the country. In developing countries, the private and public sector are developing the

strategies based on the criteria given by the World Bank’s indicator and the results are quite

ambiguous.

11
Document Page
M2: Evaluate the differences that small, medium and large businesses make to the
economy, applying relevant data and statistics.

Many experts have given their argument regarding supporting the entrepreneurship for the

economic development. Supporting the most relevant type of business model can help in

unlocking the potentials of national as well as local economies. Businesses have a different

scale of operations. Small and microscale business models can easily adapt to change and

explore innovative ideas. On the other hand, bigger firms seeking larger profits are

positioning themselves to make large profits (Mukherjee, 2016).

There are certain facts related to the promotion of a particular scale of the business in the UK.

Increasing the micro-entrepreneurial model of business and large-scale business can
have a negative effect on the economic growth of the nation, especially in the

developing country.

Increasing the number of medium size businesses in the nation can have a positive
impact on economic growth, especially in the developed country.

Based on this fact, government and private sector should promote the right mix of small,

medium, and large scale businesses at the local, regional, and national level.

12
Document Page
D1: Critically examine the scope, development, and growth of entrepreneurship
ventures.

Entrepreneurship is the process of developing value through identification of business

opportunity. It is just a management and the communicative task of mobilising the business

funds and resources. As it is described that the SMEs have the potential to provide a larger

scope for the development of the entrepreneurial models in the country. They have a vast

scope in promoting services and selling them instead of producing them (
Kirzner, 2015).
Large-scale ventures and micro-scale are not very efficient and productive and they have a

very low worker turnover.

The scope of entrepreneurial business models is into the industrial sector, service, and

agricultural sector. Out of these three, the service sector has gained the maximum

momentum. There are many challenges as well. For instance, the market is always fluctuating

and the competition is ever-increasing. Therefore, to sustain their position and business

growth, the entrepreneurs have to keep upgrading their operations. Another challenge is the

lack of funds, especially for SMEs and Micro-scale businesses. The major challenge is the

lack of experience and knowledge in the management team (Mukherjee, 2016).

13

Paraphrase This Document

Need a fresh take? Get an instant paraphrase of this document with our AI Paraphraser
Document Page
D2: Critically examine how small businesses have an impact on different levels of the
economy in a local, regional, national and international context.

In the UK, SMEs are the promoting factors for the job opportunities. Their role and

contribution in the national, regional, and local economies are well understood. Being small

scale, they have left a large impact on the UK's economy. There are more than 25 million

SMEs in the UK that employ more than 60% of the working population of the UK. Factors

like smart tax structure and policies can boost the small businesses. On the other hand, lack of

funds and subsidies are the demotivating factors for SMEs in the UK. Two major factors

were identified regarding the scale of businesses. First, increasing the micro-entrepreneurial

model of business and large-scale business can have a negative effect on the economic

growth of the nation, especially in the developing country. Second, increasing the number of

medium size businesses in the nation can have a positive impact on economic growth,

especially in the developed country.

Conclusion

In this report, a brief introduction to the entrepreneurship and entrepreneurial ventures was

described. In addition to this, it also elaborated on the typology of entrepreneurship. In

addition to this, it also covered the differences between the types of entrepreneurial ventures.

Apart from this, a discussion on the impact of micro and macro scale businesses on the

economy was also given. The report ended with the explanation of the importance of small

business start-ups on the growth of the social economy.

PART 2

Introduction

14
Document Page
This report describes the characteristics of a successful entrepreneur. It also assesses the
entrepreneurial traits of persons. In addition to this, it also examines how experience and

background factors can affect the entrepreneurship.

P5: Determine what makes a successful entrepreneur.

The success of an entrepreneur is a multidimensional concept comprising micro and macro

factors. There are various ways of measuring the entrepreneurial success, such as venture

growth, venture profitability, etc. Another important factor is entrepreneurial competency

which is referred to as components depending upon the person's background and those

attained from experiences (
Kirzner, 2015). There are no true factors or characteristics that can
guarantee success in the market. Entrepreneurial traits rarely have any effects on the person's

behavior in isolation. Certain key traits are explained in here

Venture Innovation: This is useful in achieving the competitive advantage.
Innovation has a causal relationship with profitability and growth.

Opportunity Recognition: Without determining and grabbing an opportunity, no
business can achieve success. All this depends on the entrepreneur's ability to

recognize opportunities.

Self-efficacy: It is defined as the abilities to recognise own capabilities to perform a
complicated task. This helps the entrepreneurs in pursuing opportunities.

Learning Orientation: It is defined as the development of knowledge and the ability
to utilise it in carrying out entrepreneurial activities. The basic key to learning

orientation is to undertake both passive and active information.

Tolerance: The need for success can sometimes make the entrepreneurs to take on
some amount of risk to achieve the outcomes. There is a direct link between the need

for achievement and tolerance of risk.

P6:
Assess aspects of the entrepreneur personality reflect entrepreneurial motivation
and mindset.

Motivation is the essential factor of the business manager for the development and growth of

the business organization. With the help of motivation, employees are motivated towards

their work with more dedication and energy. Motivation can be given in monetary and non-

monetary benefits as per requirement and demands of employees. It is a positive component

that each and every business entrepreneur must have developed. A successful business

15
Document Page
entrepreneur has followed the principle and ethics of a different person. It is the responsibility
of entrepreneur to do their task in a very ethical manner so popularity can be managed. There

is a large number of a famous business entrepreneur like
Steve Jobs, Mark Zuckerberg, Bill
gates
these are most successful managers of the business.
Along with that, there is a number of factors are considered which reflects the motivation

power of business entrepreneur. For example, upbringing is the element where any person

can be bought by the customs and the person can also get high quality from this upbringing in

the family. The lifestyle is based on living standard and communication skill of person, for

example,
Steve jobs have the very attractive communication skill so he motivates the
employees of own organization for increasing the productivity and profitability (Mukherjee,

2016). A motivated employee works very fast with concentrates on work with dedication and

mindset. Employees are influenced by the speech of Steve jobs and they are motivated

towards the work. The next example is
Mark Zuckerberg, who is the CEO of facebook and
he is the youngest one in a successful business entrepreneur. After looking at all the

personalities above mentioned that, every individual is motivated and takes some new steps

in their working culture and performance.

Certain factors are considered of the motivation are as follows:

Salary
: Receiving actual salary is the motivating factor to influence the payment and timely
appreciation in their pay scale.

Non-monetary incentives:
Some non-financial incentives are offered to satisfy the needs of
self-respect and employees ego and actualization requirements. (Mukherjee, 2016).

Enhance morale
Develop a positive environment for work
Motivating high performance
Considering achievement
Relationship with leadership:
employee feels a hierarchy of requirements that must be
addressed and understanding the responsibility that made a good relationship with their line

manager and other members.

Organization culture:
Employees are focused towards the culture and align the aims and
objectives of professional (Navale, 2013).

16

Secure Best Marks with AI Grader

Need help grading? Try our AI Grader for instant feedback on your assignments.
Document Page
17
Document Page
P7: Examine, using relevant examples, how a person’s background and past experiences
can hinder or foster entrepreneurship.

There are various factors which help to get understanding of the background and past

experience of entrepreneurship. It involves cultural factor, national culture, economic factors

and character traits.

Economic factors:
It includes policies of the government and other regulatory authorities
which are applicable to citizens and corporate organization, tax rates, interest rates, currency

rates etc. These all factors are based on purchasing power of every person that how much is

expanded on buying the products and services. If any changes are incurred in the government

policy then, buying power is hampered or it reduces the position of the entrepreneur

National culture:
Entrepreneurs are based on culture and when culture is very helpful and
supportive then, in that case, entrepreneurs can easily develop their business. There are

certain factors that depend on individualism, collectivism and other factors which affect the

entrepreneurs and its makes an impact on decision making power (
Parker, 2018).
Educational factor
: Education is a mandatory factor to being a successful business
entrepreneur. For example, if the entrepreneur is highly educated then he follows the business

mind, executes the advanced innovative business ideas, tools, methods, and systems are

applicable to business. To maintain stability in the highly competitive market then

entrepreneurs must be educated.

Character traits:
To be the most successful entrepreneurs, they must follow the various
qualities. For example, he should be very confident in their functions and operations,

motivated. He should have effective communication skill so good relationship is built with

every employee of organisation and balances the level of loyalty and trust (
Parker, 2018).
There are various risk involved in the business organisation, if an entrepreneur develops

business then he has to evaluate all factors and execute the plans and policies so that chances

issues and problems are reduced in future. Rewards should also provide to staff and

employees in monetary and non-monetary benefits as per the performance level and aims and

objectives of the business organization. When employees perform effectively then rewards

and compensation are received by then so it increases the level of motivation.

18
Document Page
M3. Examine different lines of arguments.
A successful business entrepreneur is a person who manages and runs the business of worn

instead of performing a job at any other place. To be a successful business entrepreneur there

must be a requirement to follow the various qualities and character traits and adopt it on

regular basis in the operations and functions of organization. Certain basic qualities must be

developed in entrepreneur like self-motivation, confidence, self-control, be calm and polite,

good behavior with every business employees etc. The entrepreneur should be highly

competitive which considers the market evaluation and adopts the best decision for

developing the business and preparing goods and services (Hechavarria, et. al., 2012).

The entrepreneur has certain features and qualities such as he must possess the sound

communication skill. When there are issues faced in communication skill then it will create

issues in managing the organization relationship. He should be very innovative to create new

business ideas and implement them in the business process to achieve the desired outcomes.

When new innovations are

19

Paraphrase This Document

Need a fresh take? Get an instant paraphrase of this document with our AI Paraphraser
Document Page
M4. Analyze the link between features of the entrepreneurs and successful
entrepreneurs
.
There are various entrepreneurs in the country who develops their business with innovative

ideas and traits but every new entrepreneur does not become more successful in this

competitive world. An effective and successful entrepreneur must involve certain unique

qualities to work within the business organization and it functions

Effective planning:
Planning is developed about the resource utilization in a proper manner,
management of time, use the money in particular resources etc into functions and operations

of the organization. A successful business entrepreneur has a good business plan and they are

prepared to face the overcoming challenges.

Management of money:
Money is the important resource and it is proper utilization is
depends on entrepreneur as particular business function and activities. The complete

knowledge and understanding are necessary about the use of money and its investment

(Bridge and O'Neill, 2012).

Take a risk:
Business entrepreneur are also called as risk takers, to analyze the future
uncertainties may happen, a businessman is willing to consider the risk with respect to time

and money as per the aims and objectives.

Passion and motivation:
It is the necessary element for a highly successful entrepreneur, an
employer who provides motivation to employees and self-motivated as well as passion

towards achieving the goals are necessary (Navale, 2013).

20
Document Page
D3. Analyzing the characteristics traits and skills and motivational drivers of successful
entrepreneurs

There is a number of features, traits and skills and other motivational factors for a successful

business entrepreneur are here mentioned:

Open minded and flexibility:
It is the necessary component for a successful entrepreneur
who must be broad-minded with new ideas and Skills to accept problems and challenges in

each and every circumstance whether negative or positive.
There is a requirement of vision to
achieve the aims and goals of the organization and organizational nature as well as individual

nature must very comfortable to accept the new modifications of the market and culture of

the environment (Barba-Sánchez and Atienza-Sahuquillo, 2012).

Motivation
: The drivers of motivation depend on the needs and requirements of employees
and other staff members of the company. A motivated person is productive and effective for

the development and growth of the organization as compared to the employee. The

productivity enhances the profit and sales for the organization.

21
Document Page
D4. Evaluate the entrepreneurs positively and negatively
The qualities of the successful entrepreneur should be implemented accurately and if they are

not executed in the perfect manner then it will develop some negative effect also to the image

and reputation of the organization. For example, Bill Gates are the most famous person who

is well known in the world but he gains the growth and success with hard work. He faces

various struggles in life and cheated by his business partner, but he did not look back and

faces issues on continuums manner in life in coming growth and success (
Northouse, 2017).
At present after all situations, he is the richest person in the world and owner of Microsoft

Company. For example Steve jobs, who is most famous for new innovations and creations.

He also struggled in life after many problems at present he is the Owner of Apple having

potential and unique abilities to develop and growth of the organisation.

Conclusion

In this report, the characteristics of a successful entrepreneur were described. It also assessed

the entrepreneurial traits of persons. In addition to this, it also examined how experience and

background factors can affect the entrepreneurship.

22

Secure Best Marks with AI Grader

Need help grading? Try our AI Grader for instant feedback on your assignments.
Document Page
Conclusion
This is being concluded from the report about various types of entrepreneurial ventures. The

relation of these entrepreneurial ventures was shown with the topologies. The difference and

similarity between different types of entrepreneurial ventures were also explained below in

this report. The difference was shown between factors, such as roles, objective and

characteristics. With the help of statically data considering regional, local, national and

international economic impacts. Below in this report, reasons for making a business

successful is being explained in detail. Traits and characteristics of a successful entrepreneur

along with its personality were defined in this report. This report also carries the relation

between risk and reward. Along with this, the relation between past experience and a person's

background was also shown in this report. Importance of small business and business start-

ups on the economy of the country and is growth was measured deeply in the report.

23
Document Page
References
Anderson, E. 2017. Britain hits record number of startups as more aspiring
entrepreneurs take the plunge. Telegraph.co.uk. Retrieved 3 August 2018, from

http://www.telegraph.co.uk/finance/businessclub/11692123/Britain-hits-record-

number-of-startups-as-more-aspiring-entrepreneurs-take-the-plunge.html

Barba-Sánchez, V. and Atienza-Sahuquillo, C., 2012. Entrepreneurial behavior:
Impact of motivation factors on decision to create a new venture.
Investigaciones
Europeas de Dirección y Economía de la Empresa
, 18(2), pp.132-138.
Baum, J. R., Frese, M., & Baron, R. A. (Eds.). 2014. The psychology of
entrepreneurship.
Psychology Press.
Branson, R. 2013. Richard Branson on Taking Risks.
Bridge, S. and O'Neill, K., 2012. Understanding enterprise: entrepreneurship and
small business
. Palgrave Macmillan
Drucker, P. 2014. Innovation and entrepreneurship. Routledge.
Hechavarria, D.M., Renko, M. and Matthews, C.H., 2012. The nascent
entrepreneurship hub: goals, entrepreneurial self-efficacy and start-up

outcomes.
Small Business Economics, 39(3), pp.685-701.
Kirzner, I. M. 2015. Competition and entrepreneurship. University of Chicago press.
Lewis, W. A. 2013. Theory of economic growth (Vol. 7). Routledge.
Mukherjee, K., 2016. The Psychology of the Successful Entrepreneur. International
Journal of Advanced Engineering and Management
, 1(1), pp.25-32.
Navale, A.B., 2013. Developing entrepreneur skills for corporate work. Research
Directions
, 1(4).
Northouse, P.G., 2017. Introduction to leadership: Concepts and practice. Sage
Publications.

24
Document Page
Parker, S. C., Congregado, E., & Golpe, A. A. 2012. Is entrepreneurship a leading or
lagging indicator of the business cycle? Evidence from UK self-employment data.

International Small Business Journal, 30(7), 736-753.

Parker, S.C., 2018. The economics of entrepreneurship. Cambridge University Press.
Schaper, M. T., Volery, T., Weber, P. C., & Gibson, B. 2014. Entrepreneurship and
small business.

Shattner, W. 2017. Forbes Welcome. Forbes.com. Retrieved 3 Aug 2018, from
https://www.forbes.com/sites/yoavvilner/2016/01/18/16-london-based-startups-ready-

to-take-on-2016/

Storey, D. J. 2016. Understanding the small business sector. Routledge.
25
1 out of 25
circle_padding
hide_on_mobile
zoom_out_icon
[object Object]

Your All-in-One AI-Powered Toolkit for Academic Success.

Available 24*7 on WhatsApp / Email

[object Object]