The Similarities and Differences Between Entrepreneurial Ventures

Added on -2020-02-05

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UniversityENTREPRENEURSHIPByDateNameLecturer’s Name
ENTREPRENEURSHIPContentsTask 1...........................................................................................................................................................3P1. A mini research for investigating different types of entrepreneurial ventures and elucidate how they narrate to the typology of entrepreneurship...................................................................................3P2. The similarities and differences between entrepreneurial ventures.................................................5Task 2...........................................................................................................................................................6P3. Assessing and interpreting relevant data and statistics in the mini-research for illustrating how micro and small businesses impact on the economy...............................................................................6P4. Explanation of how important small businesses and business start –ups will contribute to the growth of the social economy after ‘Brexit’.............................................................................................8Task 3.........................................................................................................................................................10P5. Carrying out a mini-research for determining the traits, skills as well as characteristics of two successful entrepreneurs, which differentiate them from other business managers............................10P6. Assessing how aspects of the entrepreneurial behavior as discussed in P5, reflect entrepreneurial motivation and mindset.........................................................................................................................12Task 4.........................................................................................................................................................13P7. With concrete examples obtained through your mini-research, scrutinize how background and experience can hinder or foster entrepreneurship................................................................................13References.................................................................................................................................................16Page 2 of 19
ENTREPRENEURSHIPTask 1P.1 Mini research for investigating different types of entrepreneurial ventures and elucidate how they narrate to the typology of entrepreneurship.Each and every business is built upon entrepreneurship. Moreover, in upgraded and developed companies unrealistic capacities have a tremendous demand. Most of the broad and little business organizations started a free ramble which is driven by the employees. Here, different sorts of entrepreneurial attempts are depicted (Seavey, 2009). The particular program helps the understudies to perceive their calling decisions in private ramble. Besides that, the Entrepreneurship and Small Business Management is needed to collect entrepreneurial aptitudes very much requested. Various types of entrepreneurial ventures are discussed below:Corporate-Level EntrepreneurialThe activity of corporate level entrepreneurial can be delineated as the essential renovation of a certain plan of recognizing quality units that make up the endeavor (Smilor and Sexton, 2001). Also, this kind of business activity is popularly known as Corporate Improvement. For example, Jack Welch 10 understood a total re-trying of General Electric when diverse inspectors predicted that the general electricity was sound and not needing remarkable change. The corporate entrepreneurship encompasses of two different types of phenomenon and process surrounding them. Two phenomenon are the birth of new business within existing enterprise that can be through venturing or internal innovation. The other process is transformation of business unit through renewal of core ideas on which they are built such as renewal of strategies. The third activity include establishment of new business unit outside the auspices of existing enterprise. A hierarchical system and classification of factor at each level enables to create typology of Page 3 of 19
ENTREPRENEURSHIPentrepreneurial activities. The entrepreneur activity include identifying of new business organization.Social EntrepreneurialThe entrepreneurs who use techniques based on the involvement of society during a start-up are known as social entrepreneurs. The total process is known as social entrepreneuring. The particular concept can be applied to a variety of companies with difference in aims, objectives, sizes as well as beliefs. Besides that, during the time of profit-making, the social entrepreneurs support the cultural and social objectives of the company but not as an end in itself. Apart from these, during the year 2010, the social entrepreneurs was facilitated by the utilization of the internet such as social media website and social networking. Today, each and every organizations are using social networking sites as a promotional tool for the company (Special Issue of Journal of Social Entrepreneurship, 2012).The social entrepreneur typology allows owner to identify similarities and differences among wide range of individual and business unit that are engaged in social entrepreneurship.Enterprise-Level EntrepreneurialThe activity of Enterprise-Level Entrepreneurial is a full reconsideration of the purposes behind which the business firm exists (Seavey, 2009). An illustration of boundless business level entrepreneurial activity is showed up in the way in which the March of Dimes retitled its inspiration and brightening of the organization behind being after the Salk polio inoculation acting authority made its character with finding a cure for polio outdated. Its development is called for when the objectives for which the organization exists observe the chance to be generally seen as either being unattainable or old.Page 4 of 19

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