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Entrepreneurship and Small Business Management - Elizabeth Gooch and Tom Mercer

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Added on  2020-01-28

Entrepreneurship and Small Business Management - Elizabeth Gooch and Tom Mercer

   Added on 2020-01-28

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UniversityENTREPRENEURSHIP AND SMALL BUSINESS MANAGEMENTByDateNameLecturer’s Name
Entrepreneurship and Small Business Management - Elizabeth Gooch and Tom Mercer_1
ENTREPRENEURSHIP AND SMALL BUSINESS MANAGEMENTTable of ContentsIntroduction.................................................................................................................................................3Task 1..........................................................................................................................................................3P1. Examine different types of entrepreneurial ventures and explain how they relate to the typology of entrepreneurship ventures........................................................................................................................3P2. Explore the similarities and differences between Social Entrepreneurship and Lifestyle Entrepreneurship.....................................................................................................................................4M1. Investigate a diverse range of entrepreneurial ventures to demonstrate an understanding of entrepreneurship......................................................................................................................................5D1. Critically examine the scope, development, and growth of entrepreneurial ventures in the UK.......5Task 2..........................................................................................................................................................6P3. Interpret and assess relevant data and statistics to illustrate how micro and small businesses impact on the UK economy.................................................................................................................................6P4. Explain the importance of small businesses and business start-ups to the growth of the social economy in the UK..................................................................................................................................6M2. Evaluate the differences small, medium and large businesses make to the UK economy................7D2. Critically examine how small businesses have an impact on different levels of the UK economy, making comparison with at least one other country.................................................................................7Task 3..........................................................................................................................................................8P5. Determine the most likely characteristic traits and skills of Elizabeth Gooch and Tom Mercer, stating how they are differentiated from those of business managers......................................................8P6. Assess how aspects of the entrepreneurial personality of Elizabeth Gooch and Tom Mercer reflect their entrepreneurial motivation and mindset..........................................................................................8M3. Explore and examine different lines of argument relating to entrepreneurial characteristics, building on P5 and P6..............................................................................................................................9D3. Analyse the characteristic traits, skills and motivational drivers of at least two successful entrepreneurs, supported by specific examples......................................................................................10Task 4........................................................................................................................................................10P7. Examine, using Elizabeth Gooch and Tom Mercer, how personal background and experience can hinder or foster entrepreneurship...........................................................................................................10M4. Analyse the link between entrepreneurial characteristics and the influence of personal background and experience to Elizabeth Gooch and Tom Mercer............................................................................11D4. Critically evaluate how personal background and experience influences entrepreneurs, both positively and negatively, by comparing and contrasting Donald Trump (The Trump Organisation) and Jack Ma (Alibaba Group)......................................................................................................................12References.................................................................................................................................................13Page 2 of 16
Entrepreneurship and Small Business Management - Elizabeth Gooch and Tom Mercer_2
ENTREPRENEURSHIP AND SMALL BUSINESS MANAGEMENTPage 3 of 16
Entrepreneurship and Small Business Management - Elizabeth Gooch and Tom Mercer_3
ENTREPRENEURSHIP AND SMALL BUSINESS MANAGEMENTIntroductionThe achievement of success of an organization is observed and marked by the smoothdevelopment of organizational venture. Interpretation of the data and the objectives of theorganization mark the development of the organization and the satisfaction of the societycustomers. In the following assignment there is simple and proper evaluation of the fact that arerequired for the development of the small scale industry in the society. The assignment also dealswith the information regarding Elizabeth Gooch and proper evaluation of the operationperformed by Elizabeth gooch is mentioned here in this assignment.Task 1P1. Examine different types of entrepreneurial ventures and explain how they relate to the typology of entrepreneurship venturesEnterprise-Level Entrepreneuring: This type of entrepreneurial venture is the total re-examining of the purposes for which the company exists. Its activity is called for when the objectives for which the company exists get the chance to be mainly seen as either being unattainable or old(Smilor and Sexton, 2001). An example of large business level entrepreneurialactivity is showed up in the way in which the March of Dimes renamed its purpose and clarification of the company behind being after the Salk polio vaccine acting agent made its character with finding a cure for polio obsolete. Corporate-Level Entrepreneuring: The corporate level entrepreneurial activity can be described as the radical reconstructing of the plan of claim to fame units that make up the endeavour. This kind of business activity can be called "Corporate Turnaround"(Seavey, 2009). Page 4 of 16
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