Entrepreneurship and Small Business Management - Desklib

UNIT 9: ENTREPRENEURSHIP AND
SMALL BUSINESS MANAGEMENT

Table of Contents
INTRODUCTION...........................................................................................................................3
TASK 1............................................................................................................................................3
Explaining types of entrepreneurial ventures and how they relate to typology of
entrepreneurship..........................................................................................................................3
Exploring the similarities & differences between entrepreneurial businesses............................4
Critically examine scope, growth & development of entrepreneurial ventures..........................6
Interpreter relevant data and statistics to explain how small and micro businesses impact on
economy......................................................................................................................................6
Justifying value of small ventures and business start-up to growth of social economy.............8
Critically examine how small businesses have an impact on varied level of economy in a
local. National, regional, and international context....................................................................8
TASK 2............................................................................................................................................9
Covered in PPT...........................................................................................................................9
CONCLUSION................................................................................................................................9
REFERENCES..............................................................................................................................10

INTRODUCTION
Entrepreneurship is one of those activities that made individual person capable to
manager small venture and practices related to it, in effective and excellent way. This activity
enable them to establish a company and efforts to manage existing in appropriate manner, by
taking right decisions. The current assignment will justify varied types of entrepreneurial
ventures and their interrelation with type of typology of entrepreneurship. It will define the
similarities and differences between entrepreneurial ventures and their scope, development as
well as growth. The study will define how micro and small businesses impact on economy and
significance of start-up venture and SME's to growth of social economy.
TASK 1
Explaining types of entrepreneurial ventures and how they relate to typology of entrepreneurship
There are different forms of companies as an entrepreneurial business accessible in this
world and these are;
Established companies-
Those firms that has already established their brand image in market in excellent manner
may included in this category of entrepreneurial venture type, for example TESCO. As a well-
established company, it operates in retail industry as private and public organization (Webster,
2019).
Small size social venture-
A firm that conduct their activities to provide benefits to economy and other people by
offering or providing their services according to needs, without taking high charges on each, may
covers under category of small size social businesses (Scheidgen, 2021). For example, Funeral
care is one of these who take initiative to arrange funeral activity of individual person, especially
those who do not have family and friends.
Large size social companies-
Just like small size, large social organizations as a type of entrepreneurial venture may
also contribute to improve the health of local people and support other in similar way. For
instance, National Health Service (NHS) help to protect people from harmful diseases by
providing directions and services related to health care.
High growth organizations-