Entrepreneurship: Ventures, Innovation, Growth, and Scope Analysis

This presentation provides a comprehensive overview of entrepreneurship, beginning with the core concept of an entrepreneur and exploring various entrepreneurial ventures. It delves into the qualities of a successful entrepreneur, including risk-bearing, innovation, managerial skills, leadership, and a results-oriented approach. The presentation categorizes different types of entrepreneurial ventures, such as established companies, small and large social ventures, and high-growth ventures, highlighting their similarities and differences. It further examines entrepreneurship typologies, including survival firms, lifestyle firms, managed growth firms, and aggressive growth firms. The scope of new entrepreneurial ventures in delivering innovative products is also discussed, emphasizing the advantages of small businesses in fostering innovation and growth. The presentation concludes with a focus on the development and growth of small businesses in the UK, emphasizing the role of innovation and government support in their success.

GROUP PRESENTATION

TABLE OF CONTENT
• Introduction
• Concept of Entrepreneur
• Types of Entrepreneur Venture
• Typologies of Entrepreneur Ventures
• Scope of New entrepreneur Venture in Delivery of Innovative product
• Development and Growth of Small Size Business in UK With Innovations in Products
• Conclusion

INTRODUCTION
• An entrepreneur is an individual person who starts a new business and taking all the risks on behalf of
organization and gain most of the profit in return. Generally an entrepreneur is known as an innovator,
source of ideas, services, goods, money and business procedures. The role of entrepreneur is most important
in organization. In entrepreneurship is full of risk but the rewards are also high in this. Entrepreneurship
starts from an innovative idea which help individual to rise a business in market. This presentation is
consists of different concept of entrepreneurship with help of different examples. Different types of
entrepreneur ventures are explained with differences between individual type of entrepreneur venture. The
concept of Entrepreneurship typology is explained with the correlation between different type of
entrepreneurs. The existence of entrepreneur is evaluated in the presentation.

CONCEPT OF ENTREPRENEUR
There are some qualities of entrepreneur which are essential to start a new business. The entrepreneur is
the person who starts a new business and take risk to generate profit. Here are some concepts of
entrepreneurship are-
Risk Bearing Concept
• This is one of the most popular concept in entrepreneurship. The job of entrepreneur is
consists of unlimited risks. To open a new business and run it with efficiency the person need to take
high amount of risk. This risks are related to the market conditions and fluctuations. From other
perspective it is also considered as capacities of Bering uncertainties. The risks are not predictable
and so it is difficult to face it suddenly.

CONT…
Innovation Concept
• As an entrepreneur the person need to be more creative and innovative. The innovation of person lead the business to
success. The concept of innovation in organization the adaptation in business procedures. The innovation is the key of
success. Entrepreneur should have quality to accept new changes in industry. This particular changes in business
methods and procedures can help to expand business.
Managerial Skill Concept
• Entrepreneur is head of business and it is their duty to manage the things with in the business and industry. Good
management skills of person drives the success of company. The management skills are related to time management
and task and work management.

CONT…
• Creative and Leadership Concept
• This concept of leadership and creativeness is required in entrepreneur to introduce innovation in the
business. The leadership skills of person is related to the decision taking and business handling capacity of person. The
entrepreneur is the person who holds power to take decisions. So they must have leadership skills with creativeness.
• High Achievement Capacity concept
• Other than taking decision for the organization and be creative it is essential to have capacity to handle larger
achievement. After getting achievements it is important for the entrepreneur to take further decision related to the
method used in business. The decision of selecting previous and new method is in hand of entrepreneur and this can
lead to success or failure.

CONT…
Professional Concept
• The behaviour of the person need to have professional behaviour. It is duty of entrepreneur to motivate or
encourage the staff members and employees to stay professional while working. The professional working can help the
industry to complete tasks with in the time limits and complete the work with effectiveness.
Organization and Coordination Concept
• Entrepreneur is the person who organize the things in the organization and the actions with in the
organization are coordinated by them. If the entrepreneur is not having good coordination skills and organizing skill this
will be difficult for organization to manage the work and success level.

CONT…
• Business Oriented Concept
• The work of the organization is and entrepreneur is based on the business procedures and methods. The
operations and methods are work oriented. The target of entrepreneur is to follow the procedures. The profit gain by the
organization is generated from following particular procedure and method.
• Result Oriented
• In this concept the method follow by organization or entrepreneur is based on predefined result, goal or
target. The operations of company are designed to achieve the company goal. Pre determined target guide the
organization to work accordingly. This quite different for business concept because their work is process oriented.

CONT…
Personality or Role Transformation Process Concept
• In this type of concept the goal of entrepreneur is to present a role model in front of other people to follow.
The purpose of this is to develop personality of employees to improve the performance of company and generate more
profit for the company.

TYPES OF ENTREPRENEUR VENTURE
Established Company
• The established company are known as the organization are working form long time. The organization
which is having good experience. The established company is already having good market share and
entrepreneur has enough experience to utilise it for further use.
Small Size Social Venture
• Small size venture is the organization which is consists of low number of employees and the business
area and size of market share is also not of large size. The experience of entrepreneur is also not high.
The revenue of company is also not more than 10 million.

CONT…
Large Size Social Venture
• The large size social ventures are the organization which are well settled in the market and have good knowledge and
information of market. The number of employee in the organization are also high. The company leaders are well
experienced and this type of organization. This types of organizations works for the public well-fare. The purpose of
this organization is only to serve people for their better conditions.
High Growth Ventures
• The high growth ventures are the organizations which have strong market base and strong market image. The
organization which are having the goal of faster growth then average rate. The companies which are already having
good market base better technology are known as high growth venture.

CONT…
Similarities between Entrepreneur Ventures
• This all organization have strong will to perform on the market place. With this strong will they can work better
in difficult situation. All type of venture have high capital resources to survive in different conditions. The
constant innovation are possible for all organizations. Each kind of organization have it's driving forces
performing in the market.