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Entrepreneurship and Small Business Management (ESBM) Assignment

   

Added on  2020-06-04

12 Pages3655 Words77 Views
Entrepreneurship
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Entrepreneurship and SmallBusiness Management(ESBM)
Entrepreneurship and Small Business Management (ESBM) Assignment_1

TABLE OF CONTENTSINTRODUCTION...........................................................................................................................1TASK 1............................................................................................................................................1P1. Different types of entrepreneurial ventures and the way they relate to typology ofentrepreneurship ventures.......................................................................................................1P2. Similarities and differences between Social Entrepreneurship and LifestyleEntrepreneurship.....................................................................................................................2TASK 2............................................................................................................................................3P3. The way SME’s impact on the UK Economy..................................................................3P4. Importance of SME’s and business Start-Ups to the growth of social economy in UK..4TASK 3............................................................................................................................................5P5. Characteristic traits and skills of two successful entrepreneurs and the way they aredifferentiated from those of business manager.......................................................................5P6. The way aspects of entrepreneurial personality of both entrepreneurs reflect theirentrepreneurial motivation and mind-set................................................................................6TASK 4............................................................................................................................................7P7. The way personal background, personal skills and experiences, personality and the widerentrepreneurial ecosystem can hinder or foster entrepreneurship success or failure.............7CONCLUSION................................................................................................................................7REFERENCES................................................................................................................................9
Entrepreneurship and Small Business Management (ESBM) Assignment_2

INTRODUCTIONAn entrepreneur is a person who believes in innovation at workplace. In this report, thereis a focus on improvement in market share and some changes are made in the overalldevelopment of the organisation. The written report focuses on Council for small businessentrepreneurs in the United Kingdom. Further, it covered entrepreneurial venture is improvedoverall business environment. In this context, social and lifestyle entrepreneur is more importantand make some changes in future improvement and increase overall market structure (Ayandibuand Houghton 2017). In addition, new business start-up and development of economic condition.Entrepreneur is a person who believe in overall invention is useful for overall development inmarket share and make some changes in growth rate. TASK 1P1. Different types of entrepreneurial ventures and the way they relate to typology ofentrepreneurship venturesThere are different types of entrepreneur venture is most important to improve marketshare and make some changes in overall development in economic condition. In this context,many kinds of entrepreneurial venture is most important to improve market share. Social Entrepreneurship: -In social entrepreneur is one of the most importantentrepreneur for society to development of society and economic condition is improvedmarket share. There are lot many activities are increasing market share and useinnovation is to be used in market share. Social entrepreneur are innovating and makesome improvement in product and services to increase the number of customers in themarket. They may be non-profit, for profit and hybrid (Carter, Mwaura, and Jones, 2015).This is one of the most important parts to make some changes in overall development andfor improvement in market share. It is help to improve wealth of the founder andimprovement overall work as per need of market share. Life style Entrepreneur: - In lifestyle entrepreneurship is focus on passion of doing work,not for profit and growth must be used in market place. It is one of the most important islife reward provide to people that is enjoyed and have a passion of what they are doing. Itis the most important part for enjoyment and fun (Henrekson and et.al 2014). On theother hand, focus on more rewards of life and make some change in internal working1
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environment. A lifestyle entrepreneur is who make their living online and some tools andsoftware must be used, but they are portable. To make some changes in overall work andmake some changes as per need of work place. Small business entrepreneurship; In small business entrepreneurship is being focused onsmall business like grocery stores, travel agents, etc. They are anyone who tallies his/herown business organization. They hire national workers or household. Most are hardlyprofitable (Ciampi, and Gordini, 2013). Their explanation of the occurrence is toprovender the household and make a net income, not to take over a manufacture or builda $100 million enterprise. They are to be focused on small changes and make someimprovement in overall development to increase market share.To be focus on smallsector enterprise and make some change in overall development and make some changeas per need of market. These all are different types of entrepreneurial ventures and make some changes ineconomic conditions and improvement in market. Innovation is most useful for small sector andmake some changes as per need of customer in the market. P2. Similarities and differences between Social Entrepreneurship and Lifestyle EntrepreneurshipIn this context, to be focusing on some improvement in economic condition and makesome changes in overall work and kind whatever changes as per need of market value. This bothentrepreneurial activity is most essential for development of economic condition and make somechanges as per need of market value, to be used and overall development in activity share (Li andet.al; 2015). There are some similarities and difference between social and lifestyleentrepreneurship are as follows:-DIFFERENCES Social EntrepreneurshipLifestyle EntrepreneurshipIn social entrepreneurship is use innovationand make some changes as per need ofeconomic conditions. A social entrepreneurialis motivated by desire to help improve socialenvironment factor and make some changes inoverall development education and economicA life style enterprise places passion before netfinancial gain when launching a business inorder to combine personal interests and talentwith the ability to earn a living. Manybusinessperson may be principally motivatedby the purpose to make their business bankable2
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