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Examine Different Types of Entrepreneurial Ventures

   

Added on  2020-10-22

14 Pages3966 Words221 Views
Entrepreneurship andSmallBusinessManagement
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TABLE OF CONTENTTABLE OF CONTENT...................................................................................................................1INTRODUCTION...........................................................................................................................1SCENARIO 1...................................................................................................................................21. Examination of various types of entrepreneurial ventures.................................................22. Key difference and similarities between serial entrepreneurs, intrapreneurs and ownermanagers.................................................................................................................................33. Describing public and corporate sectors entrepreneurial ventures.....................................34. Examination of scope, development and growth of entrepreneurial ventures...................4SCENARIO 2...................................................................................................................................41. Impact of small and medium enterprises on UK's economy..............................................42. Small business and start ups effect on development of Social economy...........................53. Evaluation of Small, Medium and Large businesses on different levels of economy.......54. Impact of small businesses on different levels of economy..............................................6SCENERIO 3...................................................................................................................................71. Trait and skills of successful entrepreneur.........................................................................72. Aspect of entrepreneurial personality reflect entrepreneurial characteristics....................83. Evaluation of Characteristics, traits, skills and motivational drivers of successfulentrepreneurs..........................................................................................................................84. Background and experience that foster and hinder entrepreneurship...............................9CONCLUSION..............................................................................................................................10REFERENCES..............................................................................................................................11
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INTRODUCTIONEntrepreneurship refers to a start up business. On the other hand small businesses can bedefined as a those business organisations which does not have huge turnover. It can also betermed as a basis of each large business organisation, as each business has started its business asan entrepreneur only. Comatch is an advisory firm of UK which was established in 2014. Thecompany provides professional advises to various business organisations in UK. The presentstudy shows a report of trainee consultant that includes a description of variety ofentrepreneurship along with their typologies and a brief description about serial, intrapreneursand owner managers along with their scope, development and growth. The report also includesinterpretation of relent data and statistics for showing significant impact over UK's economyalong with showing growth and development of start-ups in UK's economy. In addition, it showsa difference among small, medium and large businesses and impact of small business overdifferent levels of economy. Further, the study shows a brief description about characteristicsand traits of successful entrepreneurs along with and examination about various environmentsbeing foster and hinder entrepreneurship.
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SCENARIO 11. Examination of various types of entrepreneurial venturesThe entrepreneurial can be major divided into 4 parts. Small business entrepreneurship: Small scale entrepreneurship can be defined as thosebusiness which contains the smallest part of the competitive business. These are genrallyprivate entrepreneurial ventures (Kirzner, 2015). These includes grocery stores, consultancyservices etc. that does not need a large amount of investment for starting their business.The 3M, Sun microsystems are some small business entrepreneurship clients of Comatch.Company provides advise as to enhance attract more customer and increase theirprofitability and market share within the business.Scalable start-up entrepreneurship: these are those entrepreneurs who have those kindsof business ideas that can change the trends and tactics of business in the whole world.These business requires more funds than the small business enterprises. Generally thesetypes of businesses attracts investors so that they can get enough fund and can effectivelylaunch their new idea in the market as well. Comatch provides services to theseentrepreneurship for attracting larger number of investors towards them. So that they cangenerate more funds and proceed to launch their innovative plans and ideas into market.Large company entrepreneurship: Large company entrepreneurship offers newproducts sustainable innovations, the latest techniques, etc. they have power to changethe taste of customers. Sony is an example of scalable start up entrepreneurial venture. Itinnovates its product in such a way pre-preference and taste of its customers gets change.Comatch provides advises about how they can innovate their products and services.Social entrepreneurship: Social entrepreneurship provides services and products topublic with a motive to provide social services in the country. They do not have profitmotive behind their performance. Further, they helps the overall country in attaining abetter place in the whole world. Non profit organisations are major examples of the socialentrepreneurship. Comatch provides advise to these entrepreneurships so that they canimprove their services and provide more health and wealth care services to theircustomers.
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