Entrepreneurship: Research and Trends

This assignment delves into a collection of research papers exploring various facets of entrepreneurship. The papers cover topics such as the relationship between mobility and entrepreneurship in Ecuador, international entrepreneurship trends, family business models, technology entrepreneurial ecosystems, and the development of next-generation leaders within entrepreneurial families. Additionally, the papers examine factors influencing opportunity identification, the role of corporate governance in corporate entrepreneurship, the impact of external drivers on women entrepreneurs, and the process of women's entry into business ownership.

ENTREPRENERUSHIP

Table of Contents
INTRODUCTION...........................................................................................................................4
TASK 1............................................................................................................................................4
P.1 Types of entrepreneur ventures and how they relate to the typology of entrepreneurship...4
P 2 Exploration of similarities and differences between entrepreneurial ventures.....................5
M 1 Understanding of entrepreneurship in both the public and corporate sector.......................6
D 1 Examine the scope, development and growth of entrepreneurial ventures..........................6
TASK-2............................................................................................................................................7
P 3 Interpretation of relevant data to illustrate how small business influence the economy.....7
P 4 Importance of small businesses and business start-ups will contribute to the growth of
social economy............................................................................................................................8
M 2 Differences that small, medium and large business make to the economy by using
relevant data................................................................................................................................9
D 2 Impact of small business on all the levels of economy.......................................................9
TASK-3............................................................................................................................................9
P 5 Identification of the characteristics, traits and skills of two successful entrepreneurs.........9
P 6 Aspects of the entrepreneurial personality reflect entrepreneurial motivation and mindset
...................................................................................................................................................10
M 3 Examine different lines of argument relating to entrepreneurial characteristics. .............11
D 3 Characteristics, traits, skills and motivational drivers of successful entrepreneurs...........11
TASK 4..........................................................................................................................................12
P7With examples examine how background and experience can hinder or foster
entrepreneurship........................................................................................................................12
M 4 Link between entrepreneur characteristics and influence of personal background and
experience.................................................................................................................................12
D 4 Evaluation of background and experiences having positive and negative impact.............13
CONCLUSION .............................................................................................................................13
REFERENCES .............................................................................................................................14
Books and Journals...................................................................................................................14

INTRODUCTION
Entrepreneurship defined as the process of designing or establishing a new business
weather it is small or big organization which means the owner of the particular enterprise is
known as entrepreneur. In simple terms entrepreneur is the person who has ability to take risk at
market place to earn profit or to launch their ideas in the market. Basically their main duty is to
control their organization and having the leadership quality before establishing any business. The
entrepreneur is seen as a creator of innovative ideas by considering and managing all the internal
and external factors. In fact their major responsibility is to proper utilisation of all the available
resources. Mainly entrepreneur influence economic growth of the country and before
establishing a small or big organization they need to collect appropriate data and information. In
addition overall business is depend on the entrepreneur because they are the owner of the
enterprise due to that they are liable for all the things whatever is going to happened in the
company. This below report consist all the relevant point which comes under entrepreneurship.
TASK 1
P.1 Types of entrepreneur ventures and how they relate to the typology of entrepreneurship.
Entrepreneur is having broad nature consisting various qualities like expansion of their
present business or mergers and acquisition. Entrepreneur is having four different types of
entrepreneur ventures through which they can build their business image (Tribbitt, 2012).
Four different types of entrepreneur ventures:-
 Small business entrepreneurship:- In today's scenario most of the persons are not
having that much of capital to establish or design big or large enterprise so they
are trying to build small business to run it smoothly at the market place to earn
minimum profit (Narayanan, 2012). For example some of the small business are
grocery shops, general store etc.
 Scalable start-up entrepreneurship:- Scalable start-ups are like creation of new
ideas.
 Large enterprise entrepreneurship:- Large companies are having lots of
opportunities and ideas to promote their product at market place because they are
having a sufficient funds which is very helpful foe the growth of their business
(Sharma, and et. al., 2015). In fact large organization manufacture their product

according to the taste and preferences of their customer basically they follow the
present trends.
 Social entrepreneurship :- The main target of the social entrepreneur is to fulfil
the basic needs of society. In fact social entrepreneur are very much worried about
society interest and habits which means their main aim is to satisfied their
customers by serving them best qualitative products (Zhang, Y 2010). In fact
social entrepreneur are society oriented.
It is interesting to know that entrepreneur typologies are very much related to the human
behaviour because they can identify the different types of entrepreneur. Basically typology is
very useful in understanding the relation between types and its subject. To learn in brief about
entrepreneur typology act as a tool to express all the deep thoughts about owners of the business
because entrepreneur is having a broad concept which require types to get aware about all the
essentials matters (Duysters, 2010). Employees of an organization also used typology to learn
thing in deeply or to understand thing more accurately which required lots of expertise quality. In
fact typology are very much related to the entrepreneurship because it explains the term clearly
and helping in proper estimation of future.
P 2 Exploration of similarities and differences between entrepreneurial ventures.
Entrepreneur and ventures consist both similarities and differences also because they both
are the owner of the single business but the major difference is due to the small and big
organization (Mbzibain, 2015). In fact both have pursuing their business to some sort of profit as
their main target or goal is to earn more and more profit.
Some of the basic differences in between entrepreneur ventures are:-
 Entrepreneur are the owner of the big organization which are having a large
amount of capital to invest in the business with maximum number of shareholders
to expand their business across the globe (Tate, 2015). Whereas ventures are one
of the branch of big organization or part of leading industry by having small
enterprise with minimum capital or shareholders.
 Entrepreneur are more likely believes in doing things according to their choice
without repeating or cheated from others because they want to expand or build
their product as one of the famous at market place (Shaukat, 2015). Whereas
ventures are the followers of their head offices which means they follow the ideas

of their ideals or growing industry. Basically small ventures try to modify the
product of large enterprises.
 The main aim of the entrepreneur is to change the country by having unique
product quality which make them different from others (Lima, and et. al., 2015).
Whereas ventures don't have that much of high dream as they just want to live
their livelihood and try to fulfil all the basic needs whatever is required to
continue their proper life
Similarities between entrepreneur ventures:-
 Both of them are having similar target that is profit oriented which means they
want to maximize their profit by minimizing their losses (Ahl, 2011). Basically
business are mainly set up is to earn profit by satisfying customer needs and
wants.
 Entrepreneur and ventures are somehow based on the same policies because of
same product line. In fact both the term have to make their policies attractive.
 Risk was taken by entrepreneur and small ventures also because both have to face
their competitors and risk of close substitutes (Marlina, 2016.).
 Both of the term are having broad concept of business by having all the essentials
resources and try to utilise these resources properly.
M 1 Understanding of entrepreneurship in both the public and corporate sector.
Entrepreneurship works effectively in both public sector and private sectors for the bright
future of the both the sectors to overall development of the country across the seas (Gianiodis,
2014). Entrepreneurship in public sector means the emergence of small business for society
benefits and to satisfy their basic needs in fact it also covers all the public matters whereas
corporate sector is the area of private sector where main aim of an enterprise is to earn maximum
profit by minimizing their company losses (Ettlie, 2014).
D 1 Examine the scope, development and growth of entrepreneurial ventures.
Due to the vast or broad nature of entrepreneurial it covers most of the development of
overall economy. Entrepreneurial ventures are having lots of growth and development because of
the expansion in the business due to designing of new product according to the taste and
preferences of the customers (Urbina, 2014). On the other hand entrepreneurial ventures expand
their work across the globe which resulted in the development of society. Sometime

entrepreneurial changes the policy of the organization to make their product different from others
(Yusof, 2012). In fact entrepreneurial ventures are most concerned with their scope, development
and growth of their organization.
TASK-2
P 3 Interpretation of relevant data to illustrate how small business influence the economy.
Micro and small business affect the economy of a country as economy is one of the major
agenda across the world because it represent the country or industry development and growth to
attract the clients from other state. Small business influence economy of all over world because
in every country most of the individuals are try to establish small business only due to absence of
much capital (Tang, 2010). Simply small business deals in domestic world which means they
are not much more worried about expanding of their business because they just want to earn
maximum profit to live their livelihood properly. Basically small business are narrow in nature
due to which they don't have that much of responsibility. It is often said that small business are
the route of emerging employment opportunities it means that because of emerging of new small
enterprises most of the employees get a chance to earn money or get a job (Steffens, 2012). The
evidences signifies that organization at micro level are basically socially responsible which
means that they are more concerned with society. In other words small business has to face many
challenges because of the vast nature of the economy of the country. On the other hand small
business enterprises are mostly worried about corporate social responsibility as to run the
effective business an organization need to analyse all the past records of their shareholders to
avoid any fraudulent activities which affect their company goodwill and economy of the country
(Terjesen, 2012).
Basically small and micro enterprises contribute at a large extent in the economy as due
to their emergence or launching of new product gross domestic product of a country also
increases due to which economic development occurs. Somehow micro companies carries out
all their major responsibility because they highlight the economy by innovating new and creative
products. Small business are prime customers of governing party as development of country
depends on them only that's why government must take care the emerging business (Davidsson,
2012). In fact researchers requires a relevant data and information to interpret actual meaning of

that data by processing them basically to run a effective business an organization need to
consider all the available data and evidences before designing any product.
P 4 Importance of small businesses and business start-ups will contribute to the growth of social
economy.
Businesses and business start-ups plays a major role to the growth of social economy
because somewhere they act as development tools for a country as with the help of these
businesses most of the individuals get a chance of learning (Ordeñana, 2012). In fact these
business make sure that all the candidates get an opportunity to groom themselves by updating
them through acquiring of relevant data and information. Basically the main aim or motto of
these new business start-ups is to motivate the upcoming employees so that they can achieve
their target and goals. In addition upliftment of society requires emergence of new and attractive
industries so that they can get an opportunity of earning to uplift their standard of living (Villa,
2012).
Existing business and business start-ups is very indispensable and mandatory for local
peoples because they meet their regular needs by serving them best quality product which attract
them towards their product (Roja, 2015). Business and business start-ups are very well create
personal relationships with customers and subordinates of their companies to work in a friendly
environment because environment also affect the employees while working (Peiris, 2012).
Emergence of innovative product is the base of business growth as well as economic
growth because different ideas and creative things is the only thing which attract large amount of
customers as well as candidates to work with small business (Akoorie, 2012). In fact innovation
brings changes in the constant market due to changes in taste and preferences of society also as
everyone wants reformation of market and society both because reforms are the part of
succession of any business as well as it plays a crucial role in the growth of social economy also.
In other words, business and business start-ups act as a -
 Growing tool for social economy
 Emergence of employment opportunity
 Creation of attracting products.
 Uplift the weaker sections of society.
Simply , businesses and business start-ups are responsible for overall development of society
because they are coming with unique and attractive ideas.

M 2 Differences that small, medium and large business make to the economy by using relevant
data.
Small, medium and large business are different from each other in every aspect it means
that all of the three types of the organization have their own responsibility towards the economy
by using appropriate information and available statistics (Sinha, 2012). Mainly small, medium
and large business able to provide a great opportunity or chances for the society so that they can
raise their standard of living. Basically they can deal with the development of economy by
changing the trend by introducing creative products in the market for their customer.
D 2 Impact of small business on all the levels of economy.
Small businesses have a greater impact on the different levels of the economy because all
the environmental factors are interdependent with each other which means if changes occurs in
one then it affects other also. Basically its a natural thing that establishment of small businesses
changes the current scenario of regional, national, local and international level because all of
these four levels are connected with each other in all aspects (Rautiainen, 2012). Before
launching process a business need to fulfil the terms and condition which was made by the
central government for the fair treatment. It means that working of small business influenced all
the levels of the economy.
TASK-3
P 5 Identification of the characteristics, traits and skills of two successful entrepreneurs.
Entrepreneurs are the person who act as leaders of the company as they are the owner or
founder so all the major responsibility are depend on them only (Bireswari, 2013). Bill gates and
Mark Zuckerberg are two successful leaders or entrepreneurs of world famous organization
because of their leadership quality and talent.
Some of the characteristics of the Bill Gates and Mark Zuckerberg are:-
 Passion and motivation:- To build a successful organization an entrepreneur must
passionate towards their work by self motivated to achieve their personal targets which
means leaders must know how to run their business in effective manner. In fact both of
the entrepreneurs know how to grab the existing opportunity.

 Risk hedger:- Both of them have the quality of hedging their risk which means an
entrepreneur must have the capability of risk taking and how to control that risk at the
market place.
 Self- belief, dedicated:- To run their successful business they need to dedicated towards
their work so that they can complete their task in minimum period of time without
wasting that much of time. It means Bill Gates and Mark Zuckerberg are so dedicated and
hard-worker towards their business that they even don't know about useless things that
was not related to the business.
 Adaptability and flexibility:- Adaptability and flexibility of the entrepreneurs shows the
product quality it means customers should accept the product. Simply this term
adaptability describe the adoption of a companies product by market without facing any
difficulty in that.
Traits and skills of the Bill Gates and Mark Zuckerberg:-
 Not scared to take risks:- Some of the leaders have the quality who are always ready to
face challenges it means they are prepared for facing any type of risk in the market like
their competitors are also one of the major risk for them.
 High confidence level:- Confidence is the inner quality of an entrepreneur as they are so
much confident whatever task they perform. Basically it describe that both the owner are
full of confidence before performing any activity or while taking any decision.
P 6 Aspects of the entrepreneurial personality reflect entrepreneurial motivation and mindset
Strong personality of entrepreneurs attract or motivate most of the individuals because of
their inspired life style as before being an entrepreneur they have to face many challenges. In fact
while establishing a new business, company owner has to face lots of struggles as it not easy to
achieve their goals in this competitive market. But due to the advancement of technology many
individuals are emerging as entrepreneur to earn more and more profit. Successful entrepreneurs
consist of many hidden and inspiring quality through which it act as the motivation to upcoming
candidates in fact due to the changing in trend and taste of a customers an entrepreneur come to
know about the recent trends and development which occurred in the market.
By analysing the overall situation of entrepreneurs this term defines that past leaders
achievement as motivational tool for the society through which everyone get inspired towards
their personal goals. Basically this statement “entrepreneurial personality reflects entrepreneur

motivation” means that it shows the willingness of a person to become an entrepreneur or try to
run any business effectively by achieving their target. Moreover existing entrepreneurs provide
opportunity to their subordinates to learn new and innovative things and try to establish or launch
new plan and machinery.
 Simply entrepreneur motivate others by expressing their experiences so that they
get inspired from them and become more curious to learn new-new things for the
betterment of their future.
 An individual must consider all the relevant information and data before
establishing any business or organization which means before pursuing any task
or activity a person must updated from all the relevant facts and figures.
At the end entrepreneurs have the ability of inspiring others with their strong and
attractive personality in fact their life is full of struggles through which other people can learn
how to take decision in worst situation or how to handle the different situation. Basically this
topic covers all the essentials factors comes under motivational programmes for an individual by
the auto-biography of successful leaders.
M 3 Examine different lines of argument relating to entrepreneurial characteristics.
Impressive entrepreneurs are those whose are having a effective and attractive
characteristics which means the quality of leading a big organization at international level. To
deal with different kind of customers leaders must have the patience quality to attract customers
towards their product (Hahn, 2013). A perfect entrepreneurs must always ready to face the
upcoming challenges in fact must learn how to react in any disaster or in hectic situation. An
entrepreneur have to eager to learn new and innovative things to bring some major changes in the
current situation or policies of the organization.
D 3 Characteristics, traits, skills and motivational drivers of successful entrepreneurs.
Successful entrepreneurs have the attractive characteristics which means positive quality
of an entrepreneurs through which they can run their business smoothly to build their goodwill in
the market. Positive traits and skills act as a motivational tools for the owner of the company
because inner talent or knowledge automatically motivated them to present their views and
opinions in different and unique way. Sometime these traits and skills of the owner is very
helpful for them as due to this they can take immediate positive actions without wasting time in
thinking process with proper planning process.

TASK 4
P7With examples examine how background and experience can hinder or foster entrepreneurship
Background and experiences influence an individual in all aspect as if an individual have
their business background then they don't need to follow any other field because they are
inspired from their families only. In fact background of a person affect their choice due to their
family members as all the essentials update are available.
Two of the leading entrepreneurs are - Mark Zuckerberg and Bill Gates both are not
having a business background like Bill Gates parents want that their son will choose law field but
they failed it means that initially Bill Gates does not get a family support to run any business.
Whereas Mark Zuckerberg also belong from one of the poor family it means not having a
background support to establish or design a business (Wen, 2010). So background and
experience influence at a large extent because for every individual their first teacher or mentor is
their own family (Umar, and et. al., 2013). In fact sometime choices of an individual also similar
with their family. Its not necessary that if a member of a family want to run a business then their
coming generation also have to continue with the same as it all depend upon individual choices.
Sometime members of poor family also become an effective and attractive entrepreneurs
because of their determination, talent, knowledge, skills, confidence level and choosing a
appropriate path to run their business.
M 4 Link between entrepreneur characteristics and influence of personal background and
experience.
There is a direct link between entrepreneur positive quality with the family background
or past experience because every person can learn something from their background and
experiences (Omar, 2015). Simply it defines the effect of parents or ancestors on the individual
characteristics because sometime they understand things practically instead of theoretically.
Entrepreneur characteristics influenced by the personal background as they are the first mentor
for every individual (Rahim, 2015.). For example Bill Gates get inspired and most of the
knowledge from his own family because their parents are educated and self independent.
D 4 Evaluation of background and experiences having positive and negative impact.
Background and experiences influences an entrepreneurs in both the manner weather it is
positive or negative because every term or sentence have two effect weather positive and

negative. It depend on the individual only because every person have their own understanding
power and own perception also. Basically all the leading entrepreneurs are responsible for their
decisions because they are the owner of their organization so they know what is right and what is
wrong. Personal background and experiences teaches an individual the lessons for life which
they remember for life but its depend on them only weather they consider it in a wrong way or
right way.
CONCLUSION
This report is all about the explanation of entrepreneurs current scenario or shows all the
different types of entrepreneurs with their ventures across the globe to attain the business target.
Basically report shows the broad concept of entrepreneur which was having vast scope, growth
and overall development of social economy. In fact also throw some light on the impact of small,
medium and large organization on the international economy as it also have a greater impact on
all the levels weather its local, regional, national or international level. At the end this report
analyse all the relevant facts and figures present in today's world to set a effective business by
considering effect of personal backgrounds and experiences also.

REFERENCES
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