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Entrepreneurship and Small Business Management - McKinsey & Company Assignment

   

Added on  2021-02-19

9 Pages2328 Words44 Views
Entrepreneurship and SmallBusiness Management
Entrepreneurship and Small Business Management - McKinsey & Company Assignment_1
Table of ContentsINTRODUCTION...........................................................................................................................3TASK 1 ...........................................................................................................................................3Covered in Brochure...............................................................................................................3TASK 2............................................................................................................................................3Covered in Brochure...............................................................................................................3TASK 3............................................................................................................................................3P5 Characteristic traits and skills of successful entrepreneurs that differentiate them fromother business managers.........................................................................................................3P6 How aspects of entrepreneurial personality reflect entrepreneurial motivation and mindset5TASK 4............................................................................................................................................6P7 How background and experience can hinder or foster entrepreneurship..........................6CONCLUSION................................................................................................................................7REFERENCE...................................................................................................................................8
Entrepreneurship and Small Business Management - McKinsey & Company Assignment_2
INTRODUCTIONEntrepreneurship is defined as willingness and capacity for managing, developing andorganising business venture by taking risks in order to achieve goal and objectives (Akehurst,Simarro and Mas‐Tur, 2012). Person creating and running business are called entrepreneurs.The individual should possess skills and capability in order to run business successfully atmarketplace. Small business management means the way of managing business and theiractivities and functions in an effective and efficient manner. The organisation given for report isMcKinsey & Company incorporated in 1926 as management consulting firm. The main aim ofthis report is to illustrate various range of venture types which are considered in entrepreneurialand relationship to topology. There is impact of small business on local, national and globaleconomy. There are key aspects of entrepreneurial mindset along with various environments thatfoster entrepreneurship. TASK 1Covered in BrochureTASK 2Covered in BrochureTASK 3P5 Characteristic traits and skills of successful entrepreneurs that differentiate them from otherbusiness managersFor managing business, entrepreneur should possess several characteristics, skills andtraits to run organisation effectively and efficiently (Kuratko and Morris, 2018). The businessmanager and entrepreneur both have different skills and quality to conduct activities of firm.Person who has become entrepreneur has different skills and traits which they have gained fromtheir birth and some they have developed as they grew up. As each and every individual isdifferent from one another and in order to become successful person that have enhance theirtraits and skills. With change in dynamic environment, it is very important for individual to altertheir existing skills in order to make their entrepreneurial venture successful at market. The skillsand traits of success entrepreneur at local and global level are described below:Peter Jones
Entrepreneurship and Small Business Management - McKinsey & Company Assignment_3

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