project

I need the introduction to be form by 5 paragraphs and the conclusion the same and to have at least 5 references each. 15-20 Harvard references but please check them to be in the correct form of Harvard. Please critically analyse everything that is ask regarding the scenario in the assignment brief and come with proper examples. Write all the 4 tasks in full and than critically analyse what is ask in the task. Please double check the turnitin raport not to be more than 10%.

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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all ventures is way of
managing
businesses. It has
autocratic style of
management where
decision can be
taken by senior or
top authority.
workers
performance,
management
style of small
size social
companies is
quite different as
they use
collaborative
style.
affiliative
management
style, where top
authority efforts
to be everyone
friend because it
help to work in
collaboration.
high growth
organizations
like Google have
laissez faire
management
style. It is
different from
other
Entrepreneurial
ventures.
Source of
finance
These firms collect
money from external
source of finance,
they can sells shear
in market and
manage finance
effectively.
Banks loans are
the most
common source
of finance. Small
size social firms
drive towards
this way where
management can
take loan in form
of money to
bank.
Big social
organizations
through charity
and social events
collect money
which further
they can use for
social benefits.
The main source
of finance that
these firms used
are personal
saving or can be
personal
investment
within profitable
projects, which
in return increase
profitability and
sales.
Technology
investment
Establish company
invest in technology
implementation at
workplace not much
than big firms but
still do so.
Another
difference made
between all
categories is
interest of
organizations in
usage of
advanced
technology, in
In order to
monitor human
well being and
provide excellent
care to local
people, NHS and
other firms like it
are highly
interested for
Google is
technology based
firm, so it can be
said that
company invest
more than any
other brand for
using and
working with
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which these
forms of venture
are less
interested.
using the latest
technologies as
compare to
others.
digital
technologies.
Scope, growth and development of entrepreneurial ventures work under corporate & public
sector
It can be critically evaluated that scope, growth and development of established company,
small size, big size social venture and high growth companies are quite different because it
depend on who many people and projects they have. For example, Google as big brand have
wide scope and its business progress is much than other organizations because it established
itself very early and now known as global leader in technology world.
TASK 2
Data and statistics related to small & medium ventures impact on economy
In UK, there are so many ventures operated at small or medium level who contribute in
growth and development of economy in effective as well as ethical manner (Kato and Tsoka,
2020). It has been determined that SMEs could impact upon economy in term of creating job
opportunities for local people who need it the most especially after Brexit. This factor put
negative impact on life style of human and destroys growth of society. They play significant role
in whole world by contributing to job scenario along with output & input. According to study
published in 2017, mostly 600 million vacancies would be needed worldwide over further 15
years, which is quit beneficial for people who seeks to get jobs in order to manage his or her
living standards. Most formal roles that are accessible in well developing areas are created by
small and medium size organizations. It has been analysed that formal small size firms create
almost 33 percent of national income and 45 percent of sum employment in developed nations
(Ndiaye and et.al., 2018).
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Figure 1Small & Medium Companies Contribution
(Source: The impact of SMEs in the global economy. 2020)
Furthermore, SMEs also support to local people by creating innovation and bringing
better progress to society in which ventures is operated or established, especially to serve target
market.
Importance of start up and small business in context of social economy growth
In recent time start up and small ventures are really very important because they are able
to hire local people and skilled applicants (Minto-Coy, 2019). They recruit each person without
making differences based on age, gender, race, colour etc, which leads diversity in entire world.
For example, start up companies may be small but they can support in social economy progress
by recruiting skilled and talented workers who can work for any brand in market without resist
for anything. By creating employment chances for that individual start up can enhance living
standards of people and allow them to live life happily with family members. Moreover, it can be
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analysed that small companies provide grocery products to customers with less price as compare
to big brand, which also consider as its contribution towards growth of social economy. Most
people in world could not be capable to purchase quality products from well known companies
like ASDA; in that case small ventures cater same things in minimum price (Klyver, Steffens and
Lomberg, 2020). It helps people to save money for further things which are essential for in future
education of child or any health problem. Small business and start up adapt quick to dynamic
ventures world by switching on online transaction and to e-commerce of products or services.
Impact of small, medium, large ventures on different degree of economy
All forms of businesses put positive impact on local, regional, international and national
levels of economy in different manners. For example, small firms provide employment
opportunities to people at local level that help improve life standard and allow them to fulfil
dreams. Along with this, small firms generate revenue and pay tax on each activity (McGee and
Peterson, 2019). Like this, medium and big companies also have impact on national and
international level but in different form. For instance, large organizations like Google, by
expanding their business at global level increase competition level between existing players
which lead to develop creative and innovative ideas. These enterprises are more essential to
overall economy either national or local because big firms tend to have more financial assets
than other companies to develop new items and they mostly offer great job chances, high wages,
retirement benefits and job stability. Business expansion at global level benefits economy and
whole world of corporate.
Due to flexibility and quick adaptability nature, SMEs are able to provide services and
products to customers according to their needs or can be 24 hours, which is one of the great
thinks. Furthermore, with innovative ideas and concepts small ventures retain potential buyers
who can help to increase profit in exchange of money after purchase that can be used for social
benefits or other things.
TASK 3
Entrepreneurial personality reflect entrepreneurial motivation and mind set
The personality of person reflects his or her motivation level, mind, thinking etc, which
may be hinder or foster their career. For example, JK Rowling personality clearly reflects her
mid set and other things (Jabeen, Faisal and Katsioloudes, 2017). She belongs to well educated
family that shows in her way to toughing and behaviour towards other. Her family upbringing
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was quite normal and well, Rowling parents were always supportive in nature and allow her to
take decision whether it relate to career or marriage. The support from his parents can be
consider as personal motivation that help in each stage of life even when she take decision relate
to separation from his husband. With her daughter she lives happily, because she is open mind
lady who never think about other people. She always thinks about her child and themselves as
well, without taking care of society. It can move Rowling towards growth and success.
Richard Branson is another entrepreneur whose personality reflects mind set as well as
motivation. As he learned from major mistakes and situations while managing business functions
within market place. His parents were also supportive when he was young; his mother as
businesswomen supports Branson which make him also very supportive in nature that can be
seen while he motivates his workers.
Skills, characteristic trait and motivational drivers of successful business man
JK Rowling and Richard Branson have different characteristics and skills which allow
both of them to achieve greater success and opportunities available in the world of business. For
example, JK Rowling has excellent technical skill as a famous writer along with soft skill
(Duggan, 2020). With these two skills she becomes the most popular creator in the world by
writing Harry Potter series. These abilities can be consider as knowledge a person needs like
above entrepreneur to perform particular work. She never shows all of his abilities and qualities,
but she has compassionate, open minded, courageous and inspirational, all these things are
included in list of her characteristics traits, which is totally different from other entrepreneurs.
Her self dependency, family background and other things motivate her to move towards growth
and now she becomes a successful entrepreneur. She is an inspirational writer or creator because
Rowling encourages child, develop a better role model for women, and build her image in world
as self dependent lady.
Richard Branson skills, characteristics and motivational drivers also support him and
allow dealing with conflicts. He is able to think quite different from other people because of
having critical thinking skills. Willingness to learn as well as listen and creation of positive
organizational culture are characteristics of Branson that work as motivational driver for him.
Argument based on entrepreneurial characteristics
From above discussion, it has been examined that both entrepreneur characteristics are
different from each other. JK Rowling is compassionate as character, she is very concern about
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others such as family members, partners and other people who needs support due to poverty. On
the other hand, Richard Branson as empathetic leader show concern towards staff well fare but
also strict with them because of managing his or her work. JK Rowling is not a risk taker while
Richard had take risk while operating his business within market place. She likes to take decision
calmly, without taking rash judgment and analysing overall situation. While Branson take any
decision in which he thinks that success is easier to gain. It can be said that, first characteristic of
successful entrepreneur is his or her love for work they do and it has been found in Rowling
because she is very passionate about her work and love to show her imagination through real
world. Richard Branson has capability to overcome personal limitations and then take quick
judgment based on situation. It is his main quality which makes him different from other people.
He force his own self to do something new and different.
TASK 4
Skills and characteristics of successful business man differentiate them from other venture
managers
Each person has specific skills and set of traits which make him or her different from
others. For example, successful entrepreneur have skill or power to take decision, which has not
been found in managers of firm. Manager cannot be able to take decision relate to recruitment,
promotion and other things without taking approval from high authority (Mamabolo, Kerrin and
Kele, 2017). While business man’s such as Richard Branson or business women like JK Rowling
promote or hire people on the basis of skills without any discussion and suggestions with more
people. Manager is able to build inclusive work culture at workplace, which is quite important
for growth and success of venture. On the other side, entrepreneur develop plan to do so, he or
she pass orders that manager have to follow. Good communication is another skill of manager,
which make them different from above entrepreneurial, as they have all abilities. Business man
have excellent leadership abilities that manager could not have, they need to learn from personal
experience.
Interrelation between traits and influence of personal experience and background of
entrepreneurial
All above factors are interrelated with each other because it directly influences success
elements of a person in negative or positive manner. For instance, JK Rowling with passionate
characteristic and good family background always grow in her career, she never give up in any
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circumstances and these things foster her to become a successful business women. When person
belongs to qualified and knowledgeable family, he or she never felt and afraid from failure
because they know their family, friends and other people support them always.
Furthermore, Richard Branson experience and trait can foster him because with personal
experience he is able to deal with challenges occur due to competitive environment within
market where Virgin Groups operated. The worst experience he had in his life is when first
organization did not make money after hard work and investment. Second experience he gained
when his company almost crashed before start. All these situations teach a new lesson to him and
he learned to overcome by taking right decision which is actually very important to do.
Experience and background influence entrepreneurs
It has been critically analysed that good family background and life experience either
professional or personal influence entrepreneurs positively. Good experience always motivates a
person to move another phase and take challenge. It can be said that personal background
comprise of support from family and friends. They always push to take risk and give change to
themselves for gaining accessible opportunities. On the other side, a person who belong to
criminal background never take right decision, he or she always do things against law and guide
other as well to act similar.
CONCLUSION
From above analysis, it has been summarized that small, medium and large companies
effectively contributed in growth and development of economy. By providing employment
opportunity, increasing profitability, productivity, sales and revenues they all supports a lot in
context of improving living standards of individual. Furthermore, it has been identified that
successful businessman or women, by facing many challenges learned a lot and gained
knowledge about market needs or further opportunities. Background and experience of famous
writer JK rolling drive her towards great success. His experience give her strength to do what she
wants in life and allow to become a role model for everyone, who suffer from similar problems.
Moreover, it has been determined that communication skills, interpersonal and decision making
abilities permit entrepreneurs to build themselves different from other venture managers who
have less power and authority. By summing up above discussion, it has been concluded that JK
Rowling and Richard Branson are differently get success in his and her career.
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REFERENCES
Book and Journals
Duggan, J., 2020. Who writes Harry Potter fan fiction? Passionate detachment," zooming out,"
and fan fiction paratexts on AO3. Transformative Works and Cultures. 34.
Isaga, N., 2019. Start-up motives and challenges facing female entrepreneurs in
Tanzania. International Journal of Gender and Entrepreneurship.
Jabeen, F., Faisal, M.N. and Katsioloudes, M.I., 2017. Entrepreneurial mindset and the role of
universities as strategic drivers of entrepreneurship. Journal of Small Business and
Enterprise Development.
Kato, A.I. and Tsoka, G.E., 2020. Impact of venture capital financing on small-and medium-
sized enterprises’ performance in Uganda. The Southern African Journal of
Entrepreneurship and Small Business Management. 12(1). p.11.
Kiefer, K., Heileman, M. and Pett, T.L., 2020. Does gender still matter? An examination of small
business performance. Small Business Economics. pp.1-27.
Klyver, K., Steffens, P. and Lomberg, C., 2020. Having your cake and eating it too? A two-stage
model of the impact of employment and parallel job search on hybrid nascent
entrepreneurship. Journal of Business Venturing. 35(5). p.106042.
Mamabolo, M.A., Kerrin, M. and Kele, T., 2017. Entrepreneurship management skills
requirements in an emerging economy: A South African outlook. The Southern African
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McGee, J.E. and Peterson, M., 2019. The long‐term impact of entrepreneurial self‐efficacy and
entrepreneurial orientation on venture performance. Journal of small business
management. 57(3). pp.720-737.
Minto-Coy, I.D., 2019. From the periphery to the centre: start-up and growth strategies for
minority diaspora entrepreneurs. International Journal of Entrepreneurship and Small
Business. 36(1-2). pp.189-215.
Morris, M.H and et.al., 2018. Distinguishing types of entrepreneurial ventures: An identity‐based
perspective. Journal of Small Business Management. 56(3). pp.453-474.
Ndiaye, N and et.al., 2018. Demystifying small and medium enterprises’(SMEs) performance in
emerging and developing economies. Borsa Istanbul Review. 18(4). pp.269-281.
Paszkowski, J., 2018, September. CHANGE AREAS IN BIG INDUSTRIAL COMPANIES
AND THEIR EVALUATION. In Economic and Social Development (Book of
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Schreieck, M. and Wiesche, M., 2017. How established companies leverage IT platforms for
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Online
The impact of SMEs in the global economy. 2020. [Online]. Available through:
<https://www.iqualifyuk.com/library/business-management-section/the-impact-of-smes-in-
the-global-economy/>
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