(PDF) The Impact of Entrepreneurship on Economic Growth

   

Added on  2021-02-20

13 Pages3145 Words90 Views
EntrepreneurshipVenture and impact onthe economy
(PDF) The Impact of Entrepreneurship on Economic Growth_1
Table of List.........................................................................................................................................................3INTRODUCTION ..........................................................................................................................4TASK A...........................................................................................................................................41. Critical evaluation of various entrepreneurial ventures .........................................................42. Impact of the business on national, international and social economy...................................6TASK B...........................................................................................................................................81. An analysis of the characteristics traits, skills and motivational drivers of successfulentrepreneurs...............................................................................................................................8Oprah Winfrey............................................................................................................................8Peter Jones...................................................................................................................................92 An evaluation of various characteristics of how various characteristics of the entrepreneurialpersonality reflects entrepreneurial motivation and mindset....................................................103. Critical Evaluation of the influences of entrepreneurial Characteristics, backgrounds andexperience on entrepreneurship.................................................................................................11These are the influences of entrepreneurial Characteristics, backgrounds and experience onentrepreneurship........................................................................................................................11CONCLUSION..............................................................................................................................11REFERENCES..............................................................................................................................13
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(PDF) The Impact of Entrepreneurship on Economic Growth_3
INTRODUCTION Entrepreneurship is concerned with the designing, developing and running their smallbusiness venture by converting business idea into action and leads to the growth and success ofthe business enterprise. This also leads to improvement and enhancement of the nations economy. This project is divided into two parts, In part A while working within TCG consultancy group,which is the global leader for independent strategic advisory and management services acrossvarious sectors. This task will throw highlights on analysing different types of ventures and theirimpact upon the economy (Blackburn, Hart and Wainwright, 2013). It also analyses impact ofbusiness on national, international and social economy. In task 2 chosen organisation is Samsungwhich is an South Korean multinational conglomerate company which is headquartered inSamsung Town, Seoul. It provides wide range of home electronics with advanced technologiesincluding smart phones, tablets, TV's and home appliances. This task will focus on the mindsetof various entrepreneurs and analysis the characteristics, skills and motivational drivers ofsuccessful entrepreneurs. TASK A1. Critical evaluation of various entrepreneurial ventures Entrepreneurs are the individuals who has the capacity and willingness to carry theirbusiness activities in a proper manner, assuming all the risks so as to earn higher profits.Therefore there are different entrepreneurial ventures which could be started by the individuals,described as follows- Small Scale Enterprise- This is a small scale business which is mainly operated by asingle individual in order to earn their livelihood. Example of such business are smallgrocery stores, travel agents and many more. Scalable Enterprise- This type of venture is operated by the individuals in order toprovide more innovative products to the customer and earn higher profits on investmentsincurred. Large Scale Business- This is a large scale business whose main focus is to providecontinuous improvement in their products and services and fulfil the demands andrequirements of the customer. Example is Apple. 4
(PDF) The Impact of Entrepreneurship on Economic Growth_4

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