Report on Types of Entrepreneurial Ventures and Its Topology
Added on 2020-06-04
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TABLE OF CONTENTSINTRODUCTION...........................................................................................................................1P1 Types of Entrepreneurial ventures and typology of entrepreneurship..............................1P2 Similarities and differences between Entrepreneurial ventures........................................3P3 Statistics related to SME in economy...............................................................................4P4 Importance of small businesses and start-ups in economy...............................................5P5 Successful Entrepreneur with examples............................................................................6P6 How personality reflects Entrepreneurial motivation.......................................................7P7 How background and experience can foster entrepreneurship..........................................7CONCLUSION................................................................................................................................9REFERENCES..............................................................................................................................10
INTRODUCTIONAny individual who creates and comes up with new ideas and transforms for all theeconomic benefits along with related risk is known as Entrepreneur. Any individual who isassociated with new activities, generation and ensures that all acts are done or not. Basically theprocess for discovering many ideas and ways for combining resources to get the market value. Itinvolves the undertaking of a business activity which gives monetary and non-monetaryadvantage to all industrialist. Generally entrepreneurship produces opportunities foremployment. Every entrepreneur requires time to pass on or share the workload so how willemploy many new talent for his organisation. Whenever he gets satisfied with his investmentthen he will start the business and that business will requires more employees so this will createmore employment opportunities. In the present report, the types of entrepreneurial ventures andits relation with topology of entrepreneurship is explained. The differences and similaritiesbetween each entrepreneurial venture has been described. The statistic related to small mediumand micro enterprise which contributes to the economy has been stated in the following reportwith the importance of small businesses and start-ups in the growth of economy. Qualities ofsuccessful entrepreneur are been illustrated with their personal traits. And brief description aboutthe entrepreneurs are made not born with the justification. The aspects of Entrepreneurialpersonality reflect the entrepreneur mindset. The success story of Laurence Graff has beenexplained in the report.P1. Types of Entrepreneurial ventures and typology of entrepreneurshipEntrepreneurship is a capacity and willingness to develop a new business in the market toearn profit. The person who create this type of businesses are called enterprises. Entrepreneurialventure is an organization where the innovation can establish into an opportunity and its produceeconomic or social value. Their re four types entrepreneurial venture that are:-Small business entrepreneurshipScalable startup entrepreneurshipLarge company entrepreneurshipSocial entrepreneurshipIn small business entrepreneurship include grocery stores, general stores, hairdressers,consultants, electrician etc. And they are those who run their own business. In this type1
entrepreneurship the entrepreneur collect the funds by their family, friends or small businessloans. In this venture they hire local employees or their family members. In salable startupentrepreneurship the entrepreneurs start business knowing from day one and their vision for earnprofit could change the world. In this venture they hire best and brightest employees for theirbusiness. In large company entrepreneurship they use new techniques in already exist business.They offering new products to their customer. It requiring large companies to introduce newproducts to the new customer in a new market. Social entrepreneurship are focuses on creatingproducts and services according to customer need and their taste. Their goals not to take marketshare. This type of venture goal is to create wealth for the customer.There are four typology of entrepreneurship these are: 1) Independent entrepreneurship 2) Grassroots social entrepreneurship 3) Corporate entrepreneurship 4) Social entrepreneurship. In independent entrepreneurship the entrepreneur free from any organizationalfoundation. They set their own rule and work on it. The second type is grassroots socialentrepreneurship includes social values which is undertaken by individuals. It includescommunity leaders to implementing initiatives efforts to provide better services. In corporateentrepreneurship the entrepreneurial activities working in a corporate environment. In thistransforming the ideas and renew the strategies to build the organization. And the last socialentrepreneurship the organization not to be corporate structure it may also be includegovernment agencies and universities.Entrepreneurship venture is related to different types of entrepreneurship. The main scopeof entrepreneurship is for small business it provides good scope and opportunity for selling theirservices in the market. The entrepreneurial main characteristics is they achieve their goals bytheir innovation and the use of new techniques. Any small business entrepreneur can achievebetter results in terms of earn more profit. There is a wide scope in agriculture for anentrepreneur. The government also give priority to agriculture programmer.Basis Intraprenuer EntrepreneurMeaning These are analyzed asEntrepreneur are analyzed as2
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