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Entrepreneurship Management : Assignment

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Added on  2021-02-19

Entrepreneurship Management : Assignment

   Added on 2021-02-19

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Entrepreneurship Management
Entrepreneurship Management : Assignment_1
Table of ContentsINTRODUCTION...........................................................................................................................3MAIN BODY...................................................................................................................................3CONCLUSION................................................................................................................................6REFERENCES................................................................................................................................7
Entrepreneurship Management : Assignment_2
INTRODUCTIONEntrepreneurship management is an effective plan of action which helps in dealing withinnovation, strategies, ideas and ventures which helps in taking idea into the market. This study is based on the reflection which in turn helps in demonstrating the learningexperience, challenges, perception, knowledge, etc. on the topic entrepreneurship and newventure creation. MAIN BODYIt was a very fascinating experience to carry out the study on the topic entrepreneurshipmanagement and new venture creation. This helped me in developing various effective skills andbroaden my current knowledge on the particular subject matter. I have learnt that,entrepreneurship is a word which is derived from entreprendre which means “to undertake”.According to Gibbs model, I have analysed that entrepreneur is a person who under takes tomanage, organize and assume the risk of the business. I have learnt that, entrepreneur is a personwho helps in assembling the various activities and resources of the company in order to functioneffectively (Oham, Pestano and Allen, 2016). They have the willingness to identify risk in termsof time, career and equity. This in turn helps in formulating effective venture team in order toattain greater heights. I have examined the fact that, entrepreneur is an individual who managesand establish a business for the sole purpose of profit and growth. They focus on innovating thevarious ideas and beliefs into the business by employing strategic management practice. It wasvery interesting to find out that, there are various different types of entrepreneur and arecategorized into novice entrepreneur, serial entrepreneur, portfolio entrepreneur, businessentrepreneur, social entrepreneur, necessity entrepreneur, opportunity entrepreneur, pureentrepreneur and hybrid entrepreneur (Welter, Baker and et.al., 2017). I have developed acomplete understanding on the concept of successful entrepreneur. I have learnt that, there areseveral drivers of entrepreneurship which are classified into macro view and micro view. Macroview is further classified into social and cultural factors, de-placement, financial and ecological(Smith, 2016). Micro view is further classified as entrepreneurial trait, strategic formulation andventure opportunity. This study has helped me fill the gaps of the current knowledge and gaininsight from various relevant sources. 3
Entrepreneurship Management : Assignment_3

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