Workplace Health and Safety in SMEs

This assignment requires students to analyze existing research on workplace health and safety within the context of small and medium-sized enterprises (SMEs). The analysis should delve into the challenges SMEs face in implementing effective health and safety practices, considering factors like limited resources and different organizational structures. Additionally, students need to examine the influence of organizational change and sustainability initiatives on improving workplace health and safety within SMEs.

Entrepreneurship and Small
Business Management

Table of Contents
INTRODUCTION...........................................................................................................................1
TASK 1............................................................................................................................................1
P1 Scope of Entrepreneurship.....................................................................................................1
P2 Similarities and difference between Entrepreneurial venture ..............................................3
TASK 2............................................................................................................................................4
P3 Assessing the way micro and small business impact on the economy..................................4
P4 Importance of small business in contributing towards economy...........................................5
TASK 3............................................................................................................................................6
P5 Determining the characteristics, trains and abilities of successful entrepreneur and
differentiate them from business manager..................................................................................6
P6 Assessing the way aspects of entrepreneurial personality reflects entrepreneurial
motivation and mindset...............................................................................................................7
TASK 4............................................................................................................................................8
P7 Determining the way background and experience can hinder or foster entrepreneurship.....8
CONCLUSION ...............................................................................................................................9
REFERENCES................................................................................................................................9
Online........................................................................................................................................10

INTRODUCTION
The individual those who establish business is known as entrepreneur. Entrepreneurship
can be referred to as capacity as well as willingness to create, organize and manage an
organization along with risk bearing abilities to make profit. Small medium enterprise are
confidentially owned corporations, sole proprietorship or partnership business entity. Such
organization consists of fewer workers and have less annual turnover.
The report have focus on developing understanding about the meaning and scope of
entrepreneurship. It also emphasizes on identifying the barriers to establishing small medium
enterprise in context of Talent plus company that is small medium enterprise UK. The business
unit is providing human resource consultancy firm.. In this project representation of
entrepreneurial strategy formation outlook,.
TASK 1
P1 Scope of Entrepreneurship
Entrepreneurial organization emphasizes on delivering advisory services to middle as
well as big companies Role of entrepreneurial ventures may base on the development stage of
enterprise. Small business organization assist new business entity in their early development
process and aid them in formulating strategies as well as policies ,implementation of plans and
building industry specific networking. Entrepreneurial ventures are established and maintained
by Entrepreneurs. Enterprise that chase opportunities are regarded as innovative firm. These firm
has high potential and capacity to achieve growth as well as increasing profitability. The
entrepreneurial business organization are usually significant for every level of corporations. . In
that sense, the scope are increasing. In present era people are interested in facilitating innovation process.
Small Business Entrepreneurial:A businessperson is a single person who establishes,
control and manages business with limited resources and has high potential to take
responsibilities of all the risks and rewards related to business venture. Entrepreneur with high
entrepreneur spirit believe in facilitating innovation. Such entrepreneurial organization purpose is to
gain high returns, these entrepreneurs are always ready to deal with high level of uncertainty.
The entrepreneur has no difficulty or issue in order to place their money security and career at
high threat and they have high capacity to take unlimited risks on a motivation,
investing huge amount of capital on associate uncertain business venture. Moreover, this
1

businessperson employ local employees or members from their own family to work in an organisation. For
entrepreneurs and small business owner-managers, the relations selected will be determined to a large extent by
the activities to be performed, and will in turn influence the selecting of new activities made
possible by their own existence.
Corporate-Level Entrepreneurship:
Entrepreneur with this kind of entrepreneurial typology are usually highly
proactive, self-motivated and action-oriented persons who easily make suitable as
well as effective decision or plan their own actions, uniformly within the limitations set by
enterprise. Entrepreneurs are interested in developing innovative goods and services. The most
significant fact is that entrepreneur with entrepreneur is in comfort zone because such business
person considers that failure does not have any special cost as it is the same for a
businessperson because business have the ability to recuperate the loss arising from
failure.
The person within the business unit that manages employees and ensures that work are
done effectively as well as efficiently by workers. They are mainly paid employees who have the
authority and responsibility for bringing positive changes within the enterprise with prior
approval of top level management. Such entrepreneur are very tactical in nature and always in a
flurry to manage others or subordinates. They are mainly accountable for the managing and
controlling routine activities. These types of business person do not have innovation skills.
But these form of entrepreneur can identify the way to make other learn about relating the one
thing with other.
Social entrepreneurship-
Venture used the technique through which enterprises are established and
Entrepreneur are hired to develop, fund and identify solutions to social, cultural and
environmental problems. This concept assists business entity in differentiating
themselves from other business entities in terms of aims, purpose etc. It also
supports firm in attracting more number of investors and also help organization in
expanding their core business activities. Exit strategy has been adopted by
entrepreneur and they are more passionate about their business. The social
entrepreneur typology enables an entrepreneur to determine sameness and deviation
among broad range of idiosyncratic and an organisation which are involved in social
entrepreneurship.
P2 Similarities and difference between Entrepreneurial venture
Basis Social entrepreneurship Life styles entrepreneurship
Investment Social entrepreneurship have focus
on seeking support from
investors .As business person has
objective to expand core business
These types of entrepreneur does not
seek support from investors and they
believe in investing their own
money in their business.
2

activities at initial stage of business
development process. So they
require investor to invest money in
business.
Strategy Entrepreneur generally believe in
adopting exist strategy at the time of
complex situations.
Such types of business person
generally adopt different strategies
that are based on situation .These
form of entrepreneur are more
passionate about their business.
location These are located at very few
locations.
They establish their business
according to their location and
generally have objective to expand
their business activities globally.
profit These types of entrepreneur always
intends to earn profit in order to
maintain their position and sustain in
market.
The business is not established for
earning profit but for passion and
achieving personal objectives.
Contribution Entrepreneur contributes in social
activities when they are able to earn
higher profits.
Structure Social entrepreneur develop
business structure so that all
functions within the business
unit goes under same
procedure and follow same
code of conduct.
This form of entrepreneur
generally do not contribute
towards social wewlfare.
Business objectives These types of entrepreneur
emphasize on achievement of
business goals.
Business person does not
emphasize on enterprise goals
and objectives.
TASK 2
P3 Assessing the way small business effect on the economic system.
Small medium enterprise has focus on shaping and designing policy in European union. The
small medium enterprise and entrepreneurship is considered as the important element in order to
ensure economic growth, job creation, innovation and social integration. The small medium
enterprise are recognized by employment size as these organizations have very little workforce.
3

Such business entity have small business structure. The small business enterprises are the
backbone of UK economy.
During 2014, There was approx. entrepreneur are the backbone of the UK economy.
In 2014, there were approx...5.1 million Businesses in the UK according to data presented by the
Department for Innovation Business and Skills. Small medium enterprise have great influence on
economy.
Over 99% of businesses are small or medium sized enterprises − usually defined as fewer than to
250 people. Some positive impact of Small medium enterprise are:
Economic Growth-Many developing and developed economies are appreciating the value
provided by Small medium enterprise. The various advantages provided by these firm are
specious, and they include contribution towards economy in relations to output of products as
well as services, developments of job opportunities at low capital cost, the fastest growing
service sector assist country in reducing income disparities, creating a group of talented and
semi-skilled employees as the basis for the future industrial expansion. It also supports country
in enhancing forward as well as backward linkage between economically, geographically and
socially diverse sectors of the economy. It provides developing country an opportunity for
creating and adopting suitable technological approaches and offering an excellent platform for
entrepreneurial as well as managerial talent. These business enterprise are characterized on the
basis of dynamism, efficiency, innovations and their small business structure allows them to
make effective as well as suitable decisions. Talent plus and other small medium enterprise are
the significant player in national as well as global market. Small business organization intends to
establish themselves close to their domestic community and continue to support economic
prosperity. The way small business unit contribute to domestic country economies is by
facilitating innovation process and assist country in achieving economic growth. The
entrepreneur of small medium enterprise has had high entrepreneurial spirit and possess high
potential to attract customers by providing them innovative goods as well as developing existing
products. UK consider Small business entity as having positive influence on the community as
well as the on economy. Effective as well as successful enterprise assist society by fulfilling their
responsibilities by conducting various activities such as by paying taxes. The revenue earned by
government in form of taxes are further utilized for economic development of the country. Small
business enterprise has high potential to adapt changes in external environment as they have
higher level of capacity of customer orientation. Such firm are supported by consumer at the time
of economic stress. Small organization have ability to remain inundated at the time of economic
crises.
P4 Importance of small business in contributing towards economy.
Small medium enterprise do not contributed much towards economy as compared to big
companies, but these business entity are critical as well these firm has allowed UK to increase its
competitive strength of domestic economies. These organization has developed and provided job
opportunity to local people. Small medium enterprise has acted as a building blocks or basis for
large companies.
4

Contributions: The small medium enterprise has made larger contribution towards development
of job opportunities. It has play significant role in serving the society. Small medium firm has
help country in boosting competition in domestic market. As there was rise in competition level,
there was high turnover in market which has provided effective as well as productive companies
a chance to expand their core business activities that has lead to increase in productivity.
Economic growth-Small medium organization contributed towards domestic economy by
developing coo relationship between growth as well as innovation to the public in which the
corporation is established. Small firm also assist in stimulating and fostering economic growth.
by providing employment opportunities to people who may not be employable by big companies.
Small businesses intends to fascinate or attract fresh talent and motivate them to invent new good
as well as service or device advanced solutions for making improvement in existing activities as
well as procedures. Big organization also often benefit from small businesses within the same
native community, as many big companies are dependent on small firms for the completion of
various business activities, procedure or functions through outsourcing.
Ability to accept change in business environment- small businesses also have the capability to
react and change quickly according to changing environments. Many resident clients will remain
faithful to their desired small companies during the time of economic crisis in the country.
Small businesses also able to generate less revenue as compared to big corporations, this means
that such firm may have less to lose in times of economic crisis
Schools and Local Government Offices
When customers support domestically established small organization, they are basically giving
money back to their native community. This revenue is also being utilized for economic
development of the country
Competitiveness- small medium enterprise has provided country an opportunity to gain
competitive strength as well as restructure itself.
5

TASK 3
P5 Determination of the characteristics, trains and abilities of an erffective entrepreneur and
distinguishing them from business manager.
The illustration of Elizabeth and Tom is effective in order to demonstrate the skills, abilities
and traits possess by entrepreneur. The various abilities, skills, traits that are developed by
entrepreneur are :
Freedom oriented- After working with multinational companies Elizabeth has taken effective
initiative to establish her own small business.
Rare business abilities-Tom has developed effective plan that has enabled him to ensure that
product will be accepted by consumer in market. The product designing and its quality proves
that Tom Posses rare business abilities (Neubauer and Lank, 2016.)
Persuasive: During the time of recession the effective and suitable strategies has been
formulated by Tom that has assisted business in minimizing the effect of economic factors on
organizational activities. This factor demonstrates the TOM persuasive characteristics.
Risk bearing capacity-TOM has taken initiative to introduce innovative product and positioned
such good into market. This factor represents the risk bearing capacity of TOM. As innovation
and development procedure require lot of patience as well as huge capital investment and also
high risk bearing skills.
Visionary- Besides seeking advice and feedback from other entrepreneur Elizabeth has made
her own plan and has taken initiative to transform her business from consultation organization
to software enterprise (Yildiz and Karakas, 2012)
Difference between skills traits and characteristic of entrepreneur and manager
Significant Difference: An Entrepreneur is basically a person who set up their own business. A
manager is a person who manages things. The primary difference between an entrepreneur and
a manager is that while an entrepreneur works for themselves, a manager works for someone
else.
Business entrepreneur is a person who tries to transform an idea into reality by making use of
the opportunity and resources available to him. An entrepreneur also assembles the proper
team and collects the required capital and materials so as to make the idea into a reality.
6

They have full power and authority of the business and also exercise the power as the head of
the company on employees
Managers are more involved in the company when the company is relatively more stable and
established. Hence, managers come into the later stages of the company development.
Managers tend to be concerned more about the end products and works that aids in the growth
of the company and play an important role in the smooth functioning of the business.
Entrepreneur differ from manager regarding conscientiousness, openness and agreeableness.
Entrepreneur has high conscientiousness, great opennesses but less agreeableness as compared
to manager (Peltier and Naidu, 2012.)
P6 Assessing the way aspects of entrepreneurial personality reflects entrepreneurial motivation
and mindset.
Trait approach can be used to identify entrepreneurial characteristics. OC theory can also be
adopted for demonstrating the entrepreneurial mindset and also for increasing the significant
role optimism and chance.
The Recognition of business idea is not only considered as commanding for entrepreneur, but
also realization of rare capabilities is essential. Any common person can generate idea but only
few people have the ability to realize and implement that idea. The entrepreneur has special
characteristic. It can be analysed that specific personality traits are correlated with the
motivation of businessperson. Personality trait and motivational structure are essential to
understand the mentality of the businessperson. Big five models can be used to identify the
personality trait among business person or self-employed.
Extraversion: This include entrepreneur with high energy, sociable, and seeks role of leader.
Agreeableness: These types of entrepreneur generally are of good nature, cooperative and
loyal. These types of individual have high bargaining power.
Conscientiousness: These type of individual are responsible as well as dependable person.
Entrepreneur are generally achievement oriented, efficient and dutiful.
Emotional Stability-It describes an individual those who have high level of self-confidence and
are generally high power of tolerating stress and have positive nature.
7

Openness to experience- These are those entrepreneurs who has been recognized by the ability
to identify new experience, exploring ideas, creative as well as innovative.
The business person has high scope of openness, extraversion, and conscientiousness. Motives
are the main element of entrepreneurial mindset. Personality can become an essential part of
mindset (Mason and Brown, 2013)
TASK 4
P7 Determining the way background and experience can hinder or foster entrepreneurship
In the case of Elizabeth, it can easily identify that without technical knowledge, it
is very tough for her to develop effective business plan and implement the appropriate
business model in the market. The application of this fact in case 1.She has taken
initiative to seek advice from experts in order to develop understanding about the
suitable time for converting or changing service line. In additional to this
characteristics some distinct or unique quality is required to be posse by
individual that will help person in differentiating themselves with other person
and gaining competitive advantage. Elizabeth also have Instinct quality that has
allowed her to leave her job and start own business venture. The personal
experience of Elizabeth has provided her opportunity to increase risk bearing
capacity and provided her a chance to develop various skills in order to become
successful business person in life (Hayes,2014.) Job experience has enabled
Elizabeth to learn and gain knowledge about various techniques or method that has
benefited and allowed her to formulate effective plans, strategy and policies that
has assisted her in minimizing the effect of various external factors on business
operations (Chinomona and Ming‐Sung Cheng, 2013)
In case 2 Toms has done much hard work in finding suitable place for establishing
business. Tom has some specialised business abilities that has allowed him to
become successful business person ( Doppelt, 2017).
There is direct relationship between entrepreneurial abilities and background of person. There
are many cases in which the background of individual has created the barrier in future growth
of the person. The can even develop hurdles in individual success. In case of Elizabeth and top
those who are the successful entrepreneur their background has hindered the from achieving
success. But both of them due to their unique qualities they were able to explore and capture
8

various business opportunities. Unique skills have provided them a chance to identify
technique or suitable method for eliminating or overcoming various barrier and achieving
success (Zortea-Johnston,Darroch and Matear,2012)
For instance, Elizabeth belongs to very poor family. She was not able to fulfill the basic need
of her family. Beside that she was much passionate about establishing her business that she had
borrowed finance from various sources for starting up her own business. On the other hand,
Tom was facing difficulty in finding place for establishing his business, he has to struggled a
lot for identifying appropriate location for establishing organization. This factor has
encouraged him to face this challenge and allowed him to increase his risk bearing capabilities.
It has also provided him a chance to identify effective as well as suitable ways to deal with
complex problems and to prevent uncertain happening in the future (Ashley May
Organisational Change.)
CONCLUSION
It has been concluded from the report that there are many types of entrepreneurial
ventures and they have direct relationship with the typology. The study has successfully
demonstrated the similarities and difference between entrepreneurial ventures. The project has
identified the characteristics, attribute and ability of successful entrepreneurs, which distinguish
them from other people in an organisation.
9

REFERENCES
Books and Journal:
Bewayo, E. D., 2015. Uganda entrepreneurs: Why are they in business. Journal of Small
Business Strategy. 6(1). pp. 67-78.
Chinomona, R. and Ming‐Sung Cheng, J., 2013. Distribution Channel Relational Cohesion
Exchange Model: A Small‐to‐Medium Enterprise Manufacturer's Perspective. Journal of
Small Business Management. 51(2). pp. 256-275.]
Cunningham, T. R., Sinclair, R. and Schulte, P., 2014. Better understanding the small business
construct to advance research on delivering workplace health and safety. Small
Enterprise Research. 21(2). pp. 148-160.
Davidsson, P. and Gordon, S. R., 2012. Panel studies of new venture creation: A methods-
focused review and suggestions for future research. Small Business Economics. 39(4). pp.
853-876.
De Silva, D. G. and et.al., 2012. Disadvantaged Business Enterprise goals in government
procurement contracting: an analysis of bidding behaviour and costs. International
Journal of Industrial Organization. 30(4). pp. 377-388.
Doppelt, B., 2017. Leading change toward sustainability: A change-management guide for
business, government and civil society. Routledge.
Down, S., 2010. Enterprise, Entrepreneurship and Small Business. SAGE.
Eckerson, W., 2010. Performance Dashboards: Measuring, Monitoring, and Managing Your
Business. John Wiley & Sons.
Heinen, A., Törnroos, J. Å. and Elo, M., 2013. Network process analysis: An event-based
approach to study business network dynamics. Industrial Marketing Management. 42(8).
pp 1213-1222.
Hayes, J., 2014. The theory and practice of change management. Palgrave Macmillan.
Mason, C. and Brown, R., 2013. Creating good public policy to support high-growth firms.
Small Business Economics. 40(2). pp. 211-225.
Neubauer, F. and Lank, A. G., 2016. The family business: Its governance for sustainability.
Springer.
Peltier, J. W., and Naidu, G. M., 2012. Social networks across the SME organizational lifecycle.
Journal of Small Business and Enterprise Development. 19(1). pp.56–73.
Yildiz, S., and Karakas, A., 2012. Defining methods and criteria for measuring business
performance: a comparative research between the literature in Turkey and foreign.
Procedia - Social and Behavioral Sciences. 58. Pp. 1091-1102.
Zortea-Johnston, E., Darroch, J. and Matear, S., 2012. Business orientations and innovation in
small and medium sized enterprises. International Entrepreneurship and Management
Journal, 8(2). pp.145-164.
Online
10

Ashley May Organisational Change. 2017 [online] Available Through:
<http://digitalcommons.usu.edu/cgi/viewcontent.cgi?article=1142&context=honors>
11