Entrepreneurship and Small Business Management: Examining Different Forms of Ventures and Their Impact on Economy

ENTREPRENEURSHIP AND
SMALL BUSINESS MANAGEMENT

Table of Contents
INTRODUCTION ..........................................................................................................................................3
PART 1.........................................................................................................................................................3
Examining different forms of entrepreneurial ventures and their relation with types of typology of
entrepreneurship.....................................................................................................................................3
Explaining similarities and differences between entrepreneurial ventures.............................................4
Critically examine scope, growth and development of entrepreneurial businesses................................5
Interpreting and assessing data and statistics to illustrate how small & micro ventures impact on
economy..................................................................................................................................................6
Explaining significance of small business and venture startups to growth of social economy.................6
PART 2.........................................................................................................................................................7
Covered in PPT.........................................................................................................................................7
CONCLUSION ..............................................................................................................................................7
REFERENCES ................................................................................................................................................8

INTRODUCTION
Entrepreneurship is defined as one of those activities for which an individual is
accountable and efforts to set up venture or company through it. The current assignment will
explain types of entrepreneurial ventures and their interrelation with typology. It will define the
similarities and differences between each venture and information about how micro & small
ventures impact on national, local and international level of economy. Furthermore, the report
will justify importance of small businesses and venture start-ups to progress of social economy.
PART 1
Examining different forms of entrepreneurial ventures and their relation with types of typology
of entrepreneurship
Any establish company-
In this category of entrepreneurial venture, TESCO may include that operate its business
functions within retail industry through well-established ventures and outlets.
Small size social venture-
This kind of entrepreneurial companies may contribute to support local people at place
where, an organization may operate such as Funeral care (Günzel-Jensen and et.al., 2020).
Large size social venture-
British red cross is included in list of big social companies that support to improve living
standards of local people in the UK and across the nation.
High growth companies-
Google as high growth company may efforts to earn a lot of profit by offering top quality
services to everyone as customer.
Typology-
Survival companies-
This typology defines the activities of those organizations such as funeral care that effort
a lot to sustain business for longer.

Aggressive growth firms-
These enterprises may focus on making money and increasing productivity just like
Google do so, which is important for its continuous growth.
Managed growth organizations-
TESCO is one of those firms that may manage their progress in retail market and attempt
to enhance customer satisfaction.
Social enterprise-
As social company British red cross may efforts to enhance standard of living of
individual person by providing education and health care services.
Explaining similarities and differences between entrepreneurial ventures
Similarities-
It can be said that each type of entrepreneurial businesses such as small, establish, social
and high growth, on the basis of certain elements may similar. For example, entrepreneurs of
each firm may willing to achieve their set aims and objectives. They efforts to create creative
ideas and brand name to become successfully firm in market.
Differences-
Basis Survival Life style Aggressive
growth
Managed
growth
Annual growth
rate
They are unable
to make much
profit.
The annual
progress rate is
medium of these
companies.
Their progress
rate may reach at
high level, in
term of
increasing
profitability.
The degree of
this company
growth is reach
at satisfactory
level.