Typology of Entrepreneurship Assignment

Added on -2020-07-22

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Table of ContentsIntroduction .....................................................................................................................................1TASK-1 ...........................................................................................................................................1OVERVIEW....................................................................................................................................1TYPES OF ENTREPRENEURS.....................................................................................................1KINDS OFENTREPRENEUR VENTURES.................................................................................2TYPOLOGY OF ENTREPRENEURSHIP.....................................................................................2TASK-2:PPT....................................................................................................................................9CONCLUSION..............................................................................................................................10REFERENCES .............................................................................................................................11
Introduction Large companies promotes its products and services in the new market. It offers newproducts with varieties. It changes customer task and new competitors. Survival firm is based onthe impact of business activities on profits. In the world there are many kinds of business whostarts with different objectives. Small entrepreneurship are formed for doing small businesswhether it is for a sort term or long term periods. It is different from other kind of ventures likesocial entrepreneurship. Social and large entrepreneurship have sometimes same objectives.Social companies focuses upon achieving goals by providing products and services which isbeneficial for public. The main purpose of that company is to achieve business goals with somesocial responsibilities. Social entrepreneurship can be growth firm and managed firm whosemain purpose is social welfare. It also a part of public sector entrepreneurship. Hence, there aresome characteristics of a successful entrepreneur that differentiate it to others (Mariotti, 2014).TASK-1 OVERVIEWLarge companies promotes its products and services in the new market. It offers new products with varieties. It changes customer task and new competitors. Survival firm is based on the impact of business activities on profits. In the world there are many kinds of business who starts with different objectives. Small entrepreneurship are formed for doing small business whether it is for a sort term or long term periods. It is different from other kind of ventures like social entrepreneurship. Social and large entrepreneurship have sometimes same objectives. Social companies focuses upon achieving goals by providing products and services which is beneficial for public. The main purpose of that company is to achieve business goals with some social responsibilities. Social entrepreneurship can be growth firm and managed firm whose main purpose is social welfare. It also a part of public sector entrepreneurship. Hence, there are some characteristics of a successful entrepreneur that differentiate it to others.TYPES OF ENTREPRENEURSTypical or Owner-Manager Entrepreneur- The entrepreneur who know that what is process tomake customers happy. They calculate overcoming situational and analyses the ideas after starting a business.1
Serial Entrepreneur- This are the entrepreneurs who opposite of typical entrepreneur and come up with ideas then starts Company. They start the business with ideas. This type of entrepreneur establishes rules and policies before the formation of businesses.Entrepreneur- This is a type of entrepreneur who holds its business with inside activities. The person who creates products and services with innovative ideas. They involve creative ideas and risk factors.Scalable start up entrepreneurship- This is a type of entrepreneur ventures whose vision and mission is clear to the world and knowing from day one. Investors plays an important role for this company.KINDS OFENTREPRENEUR VENTURESSmall businesses- There are many small businesses have start in united kingdom. In the US 5.7 million small businesses working and all are the non governmental organisation. It includes hairdressers, travel agencies, grocery stores, consultancy services, carpenters, electrician and plumbers etc.Large Company Entrepreneurship- Large kind of entrepreneurship includes the innovation process for its life cycles. Large companies uses new technologies and creates new legislation. It builds disruptive products like ironically.Social Entrepreneurship- Social entrepreneur focuses on the creativity. It involves innovation process to invent new products and services. The products developed by social company satisfiesthe needs of customers and services solves social problems.TYPOLOGY OF ENTREPRENEURSHIPSurvival Firms- This are the small kind of business organisation who operates business ofsurvival. Small and medium size of business is a part of survival firm.Lifestyle Firms- Lifestyle firm is a term of providing a reason of making goods and services forlifetime to founder. It is a type of modern firm or businesses. Its annual growth rate usuallyincreases day by day(Burns, 2010).Growth Firms- This is a type of firm who is growing rapidly. As compared by the competitors.The company who is earning profits faster than economic rates.2
Managed Growth Firms- The company who needs to grow in the market and have to managethe imbalance in the profitability.Aggressive Growth Firms- It can be described by a mutual fund to achieve the highest capitalgains. It focuses on conviction approach.3

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