project

PROJECT
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Table of Contents
INTRODUCTION...........................................................................................................................3
TASK 1............................................................................................................................................3
Entrepreneurial ventures and their relation with typology of entrepreneurship.....................3
Examining similarities and differences between industrial businesses..................................4
Scope, growth and development of entrepreneurial ventures work under corporate & public
sector.......................................................................................................................................6
TASK 2............................................................................................................................................6
Data and statistics related to small & medium ventures on economy....................................6
Importance of start up and small business in context of social economy growth..................7
Impact of small, medium, large ventures on different degree of economy............................8
TASK 3............................................................................................................................................8
Entrepreneurial personality reflect entrepreneurial motivation and mind set........................8
Skills, characteristic trait and motivational drivers of successful business man....................9
Argument based on entrepreneurial characteristics................................................................9
TASK 4..........................................................................................................................................10
Skills and characteristics of successful business man differentiate them from other venture
managers...............................................................................................................................10
Interrelation between traits and influence of personal experience and background of
entrepreneurial......................................................................................................................10
Experience and background influence entrepreneurs...........................................................11
CONCLUSION..............................................................................................................................11
REFERENCES..............................................................................................................................12
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INTRODUCTION
Entrepreneurship refers to term of managing and developing a venture to gain benefits
and profit by taking different challenges in world of business. It can be consider as willingness
among individual to start a new venture, it can play important role in development and
improvement of economic. The current study will define different forms of entrepreneurial
ventures, similarities and differences between them & its interrelationship with typology. It will
explain impact of small & micro business on economy, importance of venture start ups and small
companies in context of progress of social economy. Furthermore, this report will define skills
and traits of successful entrepreneurs that are different from other organizations managers. It will
justify reflection of entrepreneurial personality upon motivation as well as mindset of
businessman. Moreover, this assignment will clarify experience and background influence on
entrepreneurs in negative and positive manner in form of comparison with appropriate examples.
TASK 1
Entrepreneurial ventures and their relation with typology of entrepreneurship
Established organization-
In this category or form of entrepreneurial venture, those companies who have existed in
market since for so long can be considered as established firms like ASDA. These types of
organizations have been build strong consumer base within market where they operated business
along with other players (Schreieck and Wiesche, 2017). The chosen company is one of the firms
who have excellent customers base and great brand image.
Small size social venture-
There are so many organizations or businesses managing their activities in the world at
small level to help others or local people nearby them. Funeral care is one of the small size social
companies, who give funeral services and manage everything relate to it. It operates functions
and venture practices at small level (Morris and et.al., 2018).
Large size social company-
Just like small firms, big social organizations also provide social services to those who
need it the most. For example, National Health Service (NHS) is big size social firm who efforts
to improve wellbeing and health of each person and keep all of them mentally as well as
physically well.
High progress companies-
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Organizations who perform excellently, more than expectations of their sectors or entire
market are consider in this type of ventures. The best examples, here can be taken is Google, as
world highest and most profitable companies (Paszkowski, 2018).
Typology-
Survival companies-
Above entrepreneurial ventures forms are related to each typology on the base of their
work and activities. For instance, Funeral care is a survival firm because its management survive
to earn profit and manage their business within market place.
Aggressive growth organizations-
These types of companies are interested in gaining competitive advantages and become
market leader. ASDA is included in this category because its management do a lot of hard work
to gain all benefits and increase profitability.
Managed growth enterprises-
Managed progress companies are any firm whose ventures generate necessary positive
cash flows like Google, which falls under list of leading and well managed organizations in the
whole world.
Social companies-
These types of organizations contribute in well being of society and health improvements
of population, which is really very important do to. NHS play important role in society by
providing health care services to needy people.
Examining similarities and differences between industrial businesses
There are few bases that can define similarity between above entrepreneurial ventures.
For instance, either small or big social companies all are focused on creating their brand image
within specific market place, which is quite normal (Kiefer, Heileman and Pett, 2020).
Established company, small size and large social firm find out the best funding sources for its
ventures, which allow them to earn profit and satisfy customers in effective manner.
Differences-
Basis Established
organization
Small size social
venture
Large size social
company
High progress
companies
Managerial
style
The main point of
differences between
Business
functions and
These types of
firms can have
It has been
identified that
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