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ENTREPRENEURSHIP TABLE OF CONTENTS INTRODUCTION 1 TASK 11 P1. An introduction to entrepreneurship typology

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Analyse various types of ventures which an entrepreneur can form and their relationship with entrepreneurship typology Entrepreneurship is refers to a process and creating, launching and development a new business with using innovative ideas. Analyse various types of ventures which an entrepreneur can form and their relationship with entrepreneurship typology Entrepreneurship is refers to a process and creating, launching and development a new business with using innovative ideas.

ENTREPRENEURSHIP TABLE OF CONTENTS INTRODUCTION 1 TASK 11 P1. An introduction to entrepreneurship typology

   Added on 2020-01-07

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ENTREPRENEURSHIP TABLE OF CONTENTS INTRODUCTION 1 TASK 11 P1. An introduction to entrepreneurship typology_1
TABLE OF CONTENTSINTRODUCTION...........................................................................................................................1TASK 1............................................................................................................................................1P1. Analyse various types of ventures which an entrepreneur can form and their relationshipwith entrepreneurship typology..............................................................................................1P2. Explore the similarities and differences between entrepreneurial ventures.....................3TASK 2............................................................................................................................................4P3. Assess and interpret relevant data and statistics...............................................................4P4. Describe the importance of small scale industry and start up's as well as role played bythem in the growth of social economy...................................................................................5TASK 3............................................................................................................................................6P5. Ascertain the key skills and features which are required to become successful managersand differentiate them from other managers of organisation.................................................6P6. Assess how aspects of the entrepreneurial personality reflect entrepreneurial motivationand mind-set...........................................................................................................................8TASK 4............................................................................................................................................9P7. Examine, using relevant examples obtained through your mini-research, how backgroundand experience can hinder or foster entrepreneurship............................................................9CONCLUSION..............................................................................................................................10REFERENCES..............................................................................................................................11
ENTREPRENEURSHIP TABLE OF CONTENTS INTRODUCTION 1 TASK 11 P1. An introduction to entrepreneurship typology_2
INTRODUCTIONEntrepreneurship plays a significant part in growing and developing a nation. There islarge number of SME's which can contribute in the employment and revenue generation of thecountry. These business units are operating in different sectors such as agriculture, hospitality,repairing, retail, accounting, IT and innovation which can provide large number of jobs directlyor indirectly (Gronum, Verreynne and Kastelle, 2012). An entrepreneurs start their business witha start-up and transform in to a large business organization. The present report is based on theentrepreneurship and its importance in development of United Kingdom economy. Small andmedium business units can help in to increase the export activities which can reduces its tradedeficit which is a good sign of sound economy. This research report is provide detailed analysesof external factors and risk associated with the business (Altman, Sabato and Wilson, 2010). TASK 1P1. Analyse various types of ventures which an entrepreneur can form and their relationship withentrepreneurship typology Entrepreneurship is refers to a process and creating, launching and development a newbusiness with using innovative ideas. These small business is develop, organization and managesin order to earn profits in the near future. The person who start their business is calledentrepreneur. These individual are using their skills and capabilities in order to exploit marketopportunities through making products and services (Cowling, Liu and Ledger, 2012). There arevarious institutions such as government authorities and corporate houses can also help in todesigning and developing a new business which can generate profit after a period of time. Thereare four types of entrepreneurship ventures as mentioned below:LocalThis is one of the form of business which is controlled and owned by1
ENTREPRENEURSHIP TABLE OF CONTENTS INTRODUCTION 1 TASK 11 P1. An introduction to entrepreneurship typology_3
entrepreneurshipa local entrepreneur. These business owner are operate a smallbusiness which is restricted in a small area and its size and scope alsoquite limited as compare to other organisation (Islam, Khan,Obaidullah and Alam, 2011). These units can be grocery stores,hairdressers, marketing consultants and accountant. Suchcorporations are generally run by family members. These types ofentities are support local economy of the country in order to fulfil thedemand arises in the market. GlobalentrepreneurshipLarge venture are another entrepreneurship form which required hugecapital investment by the investors. These types of business units arerequired more innovation, market research, so that they can providenew offerings which can fulfil the demand of potential customers.There are various external and global factors which can influenced itsbusiness operations and performance. The main of sucg businessunits is to capture market share and expand their firm's atinternational level (Forsman and Temel, 2011). SocialentrepreneurshipThis is another type of venture which is related with the socialwelfare wellbeing of the community. These entrepreneurs are makingproducts, services and process which can help to solve social problemin a society. Most of the charitable trust and organisation aregenerally funded by the government authorities and large corporatehouses (Bellucci, Borisov and Zazzaro, 2010). The main motive ofsuch entities is to working for the society and its wellbeing. Scalablestart-upentrepreneurship:Main motive for running such type of business is to bring innovationwhich can change the world. These organisation are generally relatedwith the innovation, information technology, business research andknowledge based small businesses (Carsrud and Brännback, 2011).These institutions are funded by venture capitalist and corporateentities due to its growth potential in the near future. The main aim ofthese organisations is to attract large number of customer throughproviding innovative products and services. 2
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