logo

Social Entrepreneurship Assignment Sample

   

Added on  2020-07-23

16 Pages4732 Words37 Views
FinanceEntrepreneurship
 | 
 | 
 | 
Entrepreneurship
Social Entrepreneurship Assignment Sample_1

Table of ContentsINTRODUCTION...........................................................................................................................1TASK 1............................................................................................................................................1P1 Types of entrepreneurial ventures and typologies................................................................1P2 Similarities and differences between entrepreneurial ventures.............................................3P3 Impact of small and micro business on the economy............................................................4TASK 2............................................................................................................................................6P4 Importance of business start-up's and small business............................................................6P5 Characteristic, skill and traits of entrepreneurs......................................................................8P6 Entrepreneurial personality impact their mind-set and motivation........................................9TASK 3..........................................................................................................................................10P7 Experience and background can foster and hinder entrepreneurship..................................10CONCLUSION .............................................................................................................................11REFERENCES..............................................................................................................................12
Social Entrepreneurship Assignment Sample_2

INTRODUCTIONEntrepreneurship can be defined as a process which involves proper allocation of limitedresources and setting goals as well identifying opportunities to grow understanding thepossibilities of failure and success. This is a venture that is initiated to cater change in existingsystem and framework (What is Entrepreneurship?. 2017). In small business, employer have todistribute or balance those limited resources in unlimited requirements of company in respect tomake profits. Management refer to administration of various activities which is being occur inorganisation for proper functioning of operations. This is a skill or an art which helps a companyto manage and monitor entity and accomplish competitive objectives as well as advantages. This report studies, the various aspects of entrepreneurship in context of small businessand its several typologies of entrepreneur through identifying their traits (Aldrich, 2012). Thisalso investigate the impact of SME in country's regions, internation, local and national levels,how much they are important for society. TASK 1P1 Types of entrepreneurial ventures and typologiesEntrepreneurial Ventures - Entrepreneur is an individual who starts a venture understanding the risk of failure andsuccess. Instead of worrying over the failure they learn from their mistake and embrace theopportunities. An entrepreneurial venture is initiative of adventures journey of business withlimited resources and unlimited requirements and every possible chance of failures. Small Business Entrepreneurship – Small business includes those ventures which are initiated to earn living by individual orgroup of people which includes grocery stores, saloon, travel agent, electricians, plumber etc.These people recruit local people as their employee (Audretsch, 2012). Such organisation areunable to attract investors for their business thus they hire loans from banks, family and friends.Small business are in relationship with survival ventures.Scalable Start-up Entrepreneurship -Such entrepreneurs forms their business with the vision of changing world concept. Theyattract those investors who are willing to invest in their crazy concepts like venture capitalist.The main motive of businessmen is to make profits ad benefits as well as to create measurable1
Social Entrepreneurship Assignment Sample_3

and repeatable structure for business. These venturers recruit hard workings and brightemployees for work. Large Company Entrepreneurship -Large companies are structured to create and increase growth of all spent revenues whichhas a finite life cycle in market. They develop themselves through launching and modifying theircore products through the help of innovation. Change in market and trends can create pressurefor such organisation thus, to overcome with them they create disruptive products. These arehard to execute in market.Social Entrepreneurship -Social entrepreneurs focus over the welfare and goodwill of society through theirbusiness. They work for profits and non-profit but only to serve the society (Audretsch, Falckand Heblich, 2011). The only aim of social ventures is to make society a better place to live in.All of these venture are interrelated with various typologies from which some are asbelow:Survival Ventures -Such venture start their business in order to earn surviving money for them and theirfamilies. These are not located at particular sites, no connection with banks and not usuallylicensed. These venture focus over the earning revenues for living than benefits. Serial Entrepreneur-Serial entrepreneur often carry new aspects of looking business or fresh concept inmarket. These play a significant role in market trends and assist in scheduling all the activities oforganisation. These entrepreneurs are useful for the industry and business which inform aboutnew practice and undertake them. Lifestyle Ventures -Lifestyle venture are those enterprises who keeps changing their strategies, objective andstructure according to trends and market environment. These business usually include employee,premises and proper locations and lesser growth and less expansion of business (Bruton,Ahlstrom and Li, 2010). In these, basically worker number remain constant.Female Entrepreneur - These entrepreneurs work for the betterment and development of female employee in thesociety and cater change in the system through conveying message and concepts. Main motive of2
Social Entrepreneurship Assignment Sample_4

End of preview

Want to access all the pages? Upload your documents or become a member.

Related Documents
Entrepreneurship Assignment: Entrepreneurial Ventures and Types
|17
|4911
|39

Entrepreneurship Assignment: Types of Entrepreneurs
|17
|4739
|338

TABLE OF CONTENTS INTRODUCTION 1 TASK 11 P1. Types of entrepreneurial ventures and their relation with typology
|13
|4157
|436

Entrepreneurship and Small Business Management : Report Sample
|17
|5050
|128

Characteristics of Successful Entrepreneur
|15
|4162
|115

Entrepreneurship Venture Types
|16
|4837
|468