Entrepreneurship &Small Business Management Assignment
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Added on 2020-06-06
Entrepreneurship &Small Business Management Assignment
Added on 2020-06-06
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ENTREPRENEURSHIPANDSMALL BUSINESS MANAGEMENT
Table of Contents.........................................................................................................................................................2INTRODUCTION ..........................................................................................................................1TASK 1............................................................................................................................................1P1Different types of entrepreneurial ventures and they relate to the typology ofentrepreneurship..........................................................................................................................1P2The similarities and differences between each business entrepreneurs. Along with the roles,characteristics and objectives of different types of ventures: private; public; social enterprises- as well as different sized ventures: micro; small and medium.................................................2P3: Present, interpret and assess relevant data and statistic to illustrate the impact micro andsmall business have on the economy. Local, regional, national and international economicimpacts. ......................................................................................................................................5P4.Building on the information you must explain the importance that small Businesses andbusiness start-ups on the growth of the social economy.............................................................7TASK 2............................................................................................................................................9P5:Examples of successful Entrepreneurs and determine the characteristic traits and skillsthey possess. Similarly, whether entrepreneurs are born or made and whether entrepreneurshipskills can be learned over time....................................................................................................9P6: the entrepreneurial personality reflect entrepreneurial motivation and mindset.Personality is shaped by family upbringing, lifestyle, cultural differences and personalmotivation.................................................................................................................................10P7: A person’s background and experiences can hinder or foster entrepreneurship...............11REFERENCES..............................................................................................................................13
INTRODUCTION In this study, we will discuss about the different types of entrepreneurial ventures andexplain how they relate to the typology of entrepreneurship. Also, role, characteristics andobjectives of different types of ventures based on ownership: private, public and socialenterprises as well as those based on size: micro, small and medium will be described. We willalso have interpretation and assess of relevant data and statistics and impact of micro and smallbusiness on the country economy. In addition, we will have the discussion of importance ofsmall and start-ups business in growth of social economy. Further we will consider examples ofsuccessful entrepreneur and determine the characteristics, skills and traits process. We will havea look on how personality is shaped by family upbringing, lifestyle culture and different types ofpersonal motivation. This study helps to clear all the questions regarding this concept.TASK 1P1Different types of entrepreneurial ventures and they relate to the typology of entrepreneurshipAn entrepreneur is the person who manage, organises and desire of taking risk of abusiness and enterprise(Storey, 2016).Nowadays entrepreneurship play the most essential role innational economic growth and development of a country(.Robert, Hisrich, and Ramadani., 2017).Entrepreneurship typology is likely same as any other typology, it shows classification scheme.There are various type of enterprises and they are categorised as male, female, serial and socialbusiness enterprises. There are different types of small and large business organizations in thecorporation and they are using this method, efficiently and effectively. Regarding this, theentrepreneurial venture and their relationship with typologies of enterprises are furnished below:Small Business Entrepreneurial venture: Small business ventures are made up of miniand small criterion organisations which require minimum amount of capital and theyhave minimum range of target customer (Saleem, 2017).These types of small enterprisesincludes small groceries store, stationary shops, electronic shops etc. Mini and smallbusiness firms are mainly combined of female and male entrepreneur and they worktogether assiduously in the context to raise their sales with that, they contribute in thenational economy of the country effectively and efficiently.Scalable start-up Entrepreneurship Ventures: These types of enterprises consist ofnewly emerged business in the market. The aim of scalable start-up entrepreneur ventureis to satisfy the needs of the targeted customer in the market by providing quality of1
goods and services effectively (Antoncic, Antoncic and Aaltonen, 2016). The motive ofthis type of business is to achieve their growth and development by offering different-different types of quality product and services to the targeted customers. These types ofenterprises impact on the national economy of the country and there are many new start-ups who are incorporating their businesses effectively and contributing to make strongGDP of the country.Social Entrepreneurial Venture: Social entrepreneurs are innovative businessmen whoseaim to make a creative and innovative products to solve social needs and difficulty.Unlikely the scalable start-ups set their goals to make this world a batter place, not tocreate market share and create wealth for the company owner(Dana, 2016).They could benon profit and hybrid. Same like this, the social entrepreneurs who work hard to makethis world better place and all are satisfied with their services. There are many socialorganizations' entrepreneur and venture in the country and they are working hard toclashing on social and community welfare. They offer and manufacture the product andfurnish services according to the social need and also make a big contribution to raisingtheir country's goodwill, value and smash on the national economy of the country. P.2.The similarities and differences between each business entrepreneurs. Along with the roles,characteristics and objectives of different types of ventures: private; public; social enterprises -as well as different sized ventures: micro; small and medium.2
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