Entrepreneurship Management: Success, Scope, Growth & Ventures

This report explores the management of entrepreneurship for success, focusing on different types of entrepreneurial ventures such as small businesses, large businesses, scalable startups, and social entrepreneurship. It examines typologies like lifestyle and growth entrepreneurship, highlighting the similarities and differences between various ventures. The report investigates public sector entrepreneurship and discusses the scope, development, and growth of entrepreneurial ventures, emphasizing their impact on the economy and society. It concludes that entrepreneurship creates social and economic value through innovative products and ideas, with varying scopes, development paths, and growth potentials for different ventures. Desklib offers students access to this assignment solution and many other resources to support their studies.

Managing
Entrepreneurship for
Success

Table of Content
 Introduction
 Type of entrepreneurial ventures
 Different type of typology and its relation
 Similarities in between different type of entrepreneurial venture
 Differences in between different type of entrepreneurial venture
 Investigating diverse range of entrepreneurial venture
 Scope, development and growth of entrepreneurial ventures
 Conclusion
 References

Introduction
Entrepreneurship refers to a dynamic process of creating
additive financial condition as well as innovating
belongings of value that have a supporting on the
wellbeing of an entrepreneur. It helps economy to achieve
their growth by creating job opportunities, innovation and
improve the economy in effective manner.

Type of entrepreneurial ventures
It is important for an entrepreneur to analyse different type
entrepreneurial ventures which helps to understand the purpose of doing
business in effective manner. The different of kind of entrepreneurial
ventures are mentioned below:
 Small Business- This type of entrepreneurship, its entrepreneur
operate their business in basically in the city or town.
 Large business- It is just opposite to the small business
entrepreneurship. This type of business were already established and
even grow from smaller businesses.

Different type of typology and its relation
Typologies describes the methods in which used to analyse classification of
different types of entrepreneurial ventures. In relate with different type of
entrepreneurial venture, two important typologies are mentioned below:
 Lifestyle entrepreneurship- This type of typology includes those business
whose entrepreneurs wants to change the lifestyle of people rather on
maximising the profit in effective manner.
 Growth entrepreneurship- This type of typology includes those
entrepreneurship whose main aim to achieve their goals, expand their
business as well as earn maximum profit in effective manner.

Similarities in between different type of
entrepreneurial venture
 All type of entrepreneurial ventures has a aim to make their operation effective
in order to survive their business for long term.
 In all kind of entrepreneurial ventures, their entrepreneurs operate different
functions of their effectively in order to achieve their goals in effective manner.

Differences in between different type
of entrepreneurial venture
Basis Small business Large company Scalable start up Social entrepreneurship
Motive The main motive of its
entrepreneurs to operate their
business for earning profit in
order to fulfil their family
members' wants and need in
relevant manner.
The motive of their
entrepreneurs to operate
their business effectively
in order to acquire great
market share.
In this type of
entrepreneurship, its
entrepreneurs wants to
change people livelihood
with their creative and unique
ideas.
The entrepreneurs wants to
provide effective social
services with their products
and service.
Problems The problems faced by
entrepreneurs in order to
operate their business due to
shortage of raw material and
capital, labour problems, lack
of current technologies.
Its entrepreneurs faces
problems due to
government imposed rules
and regulations,
globalisation.
The problems faced by them
is finding right people, lack
of planning, time
management and lack of
business skill.
The problems faced by them
is to ground up business
plan and investing in
branding aspects.

Investigating diverse range of
entrepreneurial venture
Public sector entrepreneurship are those enterprise which is run by governments of the
country in order to improve their economic growth with the help of their products and
services in effective manner.

Scope, development and growth of
entrepreneurial ventures
The wide scope of entrepreneurial venture is their capability to affect the
economy and enable great changes in the society. The development and growth
in entrepreneurial sector are increasing rapidly because people are more
focused in order to invest in new business.

Conclusion
 From the following presentation, it is concluded that entrepreneurship makes an
entrepreneur to produce social and economic value with their creative products
and ideas in effective manner. Small, large, scalable and social are different type
of entrepreneurial ventures. Lifestyle and growth are different type of typologies
which is relate with other entrepreneurial ventures. The scope, development and
growth of different entrepreneurial venture are also different.

References
 Breen, R.H. and Leung, A., 2020. Choosing mothering and entrepreneurship: a
relational career-life process. International Journal of Gender and
Entrepreneurship.
 Senda, B.K., 2020. Is Islam associated with business success?. In Understanding
the Relationship Between Religion and Entrepreneurship (pp. 51-78). IGI Global.
 Danil, L. and Septina, N., 2019. Entrepreneurship and small medium enterprises
in ASEAN. In Global Competitiveness: Business Transformation in the Digital
Era (pp. 43-49). Routledge.