Entrepreneurship and Small Business Management

Entrepreneurship and Small Business Management

Table of Contents
INTRODUCTION................................................................................................................................3
TASK 1.................................................................................................................................................3
Explain activity of entrepreneurial as well as social economy........................................................3
Make comparison between serial entrepreneurs, intrapreneurs or owner managers.......................3
Define various characteristics of Micro as well as small companies and economy........................4
TASK 2.................................................................................................................................................5
Define the relationship between Life style as well as Growth organisation and also assess micro
and medium size firm......................................................................................................................5
Prepare as well as implement current data which displays effect Small and Micro organisation on
economy...........................................................................................................................................6
Define two causes that small company as well as start-ups play important role within social
economy...........................................................................................................................................7
CONCLUSION....................................................................................................................................8
REFERENCES.....................................................................................................................................9

INTRODUCTION
The marketing sector is changes in rapid manner and increasing competition at Marketplace.
There are different types of organisation such a small, medium and large across the globe that
assists in growth and improvement of economy. And, the entrepreneur is considered as people who
conduct activity or function of company in an appropriate manner. The primal aim of this report is
providing discussion in relation to entrepreneurship as well as venture. This report provides the
explanation regarding the entrepreneurial and social economy in an effective manner. In this
assignment, there are two kind of organisation micro as well as small that is explain during the
period of time (Ahmed, Chandran and Klobas, 2017).
TASK 1
Explain activity of entrepreneurial as well as social economy
Entrepreneur is determined as a person that emphasized on performing new activity within
organisation. It is determined as an appropriate procedure which is needed to be executed in
company with proper deliberation. These types of activity or function are significant to focuses for
achieving goals in timely manner. In assistance of this, social economy is determined as a group of
individual person who gather together by mutual association, cooperation and so on. It is considered
as a heterogeneous in their scope & size from smaller to bigger company.
Both the functions is connected to entrepreneurial as well as social economy and their main
focus is to increase social economy by using different resources, technology and so on. Therefore,
it is significant for company to execute various operations in improved way for taking effective
decisions during the time.
Make comparison between serial entrepreneurs, intrapreneurs or owner managers.
Serial entrepreneur: These are determined as an individual person who brings new ideas or
opinions in company. For example Elon Musk is determined as an example of serial entrepreneur
(Ferreira, Fernandes and Ratten, 2017).
Intrpreneur: These are considered as that individual person whose main focus is on enhancing
skill and bring new ideas in company (Yoshida, Yagi and Garrod, 2019)
Owner manager: These are determined as an individual person who handles different activity
simultaneously (Loi, Castriotta and Di Guardo, 2016)
Serial entrepreneur, owner manager and entrepreneurs are determines as distinguished from each

other. It is significant to assess clear difference which is given beneath:
BASIS Serial entrepreneurs Intrapreneurs owner managers
Meaning
These are determined
as an individual person
who brings new ideas
or opinions in
company. For example
Elon Musk is
determined as an
example of serial
entrepreneur.
These are considered as
that individual person
whose main focus is on
enhancing skill and
bring new ideas in
company.
These are determined
as a individual person
who handle different
activity simultaneously.
Objective The primary purpose is
to bring new changes in
society.
The primary aim is to
increase sustainability
of company for longer
period of time.
The primary purpose is
to manage operation
and take better
decisions for
completion of goal in
pre-decided period of
time.
Focus The primal aim of
serial entrepreneur is to
make changes and offer
benefit to society.
It helps in grabbing
opportunity to expand
business.
The owner manager
focuses on taking
effective decision by
managing various
activities in an
appropriate manner.
By assessing above mentioned table, it is assessed that there is a big differentiation between
serial entrepreneur, owner manager and intrapreneurs it is significant to assess their comparison for
achieving goal in timely way.
Define various characteristics of Micro as well as small companies and economy.
As per statistical data of UK, it is assessing that micro and small company are considered as