An Analysis of Entrepreneurship and Its Various Forms

The given assignment is a comprehensive analysis of entrepreneurship and its diverse forms. It includes research papers and articles that discuss different aspects of entrepreneurship, including its role in economic development, education for entrepreneurship, and the impact of cultural diversity on entrepreneurial activities. The assignment also touches upon corporate entrepreneurship strategies and the relationship between unemployment and entrepreneurship dynamics.

UNIT 9
Entrepreneurship

Table of Contents
INTRODUCTION ..........................................................................................................................3
Task 1...............................................................................................................................................3
P.1 Various types of businessperson undertaking and link with categorization....................3
P.2 Similarities and different between entrepreneur venture ................................................4
TASK 2............................................................................................................................................5
P.3 Small and midget business concern contact on the economic ........................................5
P.4 midget business concern and enterprise start –ups and how it will contribute to the growth
of the societal economic system.............................................................................................6
TASK 3............................................................................................................................................8
P.5 Characteristic and skills of successful entrepreneur , difference form business manager8
P.6 Entrepreneurial motivation and mind set.........................................................................9
Task 4.............................................................................................................................................11
P.7 Inheritance and education can hider or adoptive entrepreneurship................................11
Conclusion ....................................................................................................................................12
References .......................................................................................................................................1

INTRODUCTION
Entrepreneurship determines impressive activeness to set up the governance. In this way,
excogitation done in the entity in which businessperson takes risk. New artefact of activeness is
assistance to solve business issue and physical cognitive process of country. In this context of
use present document is supported on the Qubic hotel which is small sector of U.K. And provide
various benign of hospitality work (El Ebrashi and 2013). With this regard assist to focus on
different aspect of little business human action. In this report is focus on different kinds of
entrepreneurial venture and link with typologies. Moreover, it helps to social economy and
change internal business environment.
Task 1
P.1 Various types of businessperson undertaking and link with categorization
An entrepreneur is an single who beginning and run business with a constricted origin
and program. Businessperson is a individual use becoming program in any bantam concern.
Theretofore, they are able to earn high amount of profit in small business. Entrepreneur is a
person is focus on different type of entrepreneurial venture (Jones and Colwill 2013). It is help
to focus on different types of small business. In this context following different kinds of
entrepreneur venture are as follows:-
 Small business entrepreneurship :- In these types of entrepreneur venture is focus on
innovation and unique activity in small business. It can be some time influences towards
organisation. It is most important part of new business, it is help at the time of planing in
organisation (Seikkula-Leino and et.al 2015). In small business employees is focus on
each and every step in business activity. In this small business entrepreneur hire local
people or family member in small business. For example it inculcated travel agent,
grocers shop etc. all such is to be inculcated in small business.
 Scalable start-up entrepreneurship :- An entrepreneur is start a new company in
scalable. This type of entrepreneur venture is focus on some innovation in corporate
world. It is focus on positive result and focus on there vision could change the world. In
focus on positive result, it impacts to attract more investors to focus on more favourable.
In this venture use more innovative idea in organisation, so more customer is attracted to
new polices. Thence, it renders chance to entrepreneurs to heighten trade name image and

create high tegument as well (Wennberg Pathak and Autio 2013). This venture process
typologies to innovation in different products and services.
 Social entrepreneurship :- In social entrepreneur is focus on different some innovative
idea in working environment. Social entrepreneur are innovator is focus on product and
services, it is solved any business issue and problems. It is help to full fill social needs
and problems (Wennberg Pathak and Autio 2013). This venture is help to social services
in the community. It this way, categorisation has been carried in the effectual form in
social group which serve in effective and businesslike mode.
 Sequential entrepreneurship :- In this venture entrepreneur is focus on development in
the future. This venture is focus on future development in organisation. Entrepreneur is
always looked towards to start up of new venture.
 Female entrepreneurship :- In this type of entrepreneur venture is focus on expansion
on international market. This venture is different form the male entrepreneurship, because
they focus on skills of organisation.
There is all about the entrepreneur venture in organisation. All this venture is help to focus on
small business and development of society.
P.2 Similarities and different between entrepreneur venture
An entrepreneur is to be focus on similarities at the time of innovation in organisation. There are
some more similarities in entrepreneur venture are as follows :-
 Objective and aim :- An entrepreneur is to focus on objective and aims of company.
Entrepreneur use innovation is help to achieve objective and aim of organisation.
Therefore, social entrepreneurship is focus on make there better life to improve revenue
of the organisation (Morris and Kuratko 2014.). Many entrepreneurial venture is many
similarities to increase performance and use more innovation is help to increase
performance in organisation.
 Size and structure :- In entrepreneur venture is to be focus on different size and
structure of the work place. In small business is focus on full fill customer need and
wants in society. In order to compare with large enterprises is, SME is focus on unique
quality of goods and serves in organisation. It is help to attract more number of customer
in new business (Arend and et.al 2015). For example :- an entrepreneur planing is start
with retail venture to understand need and wants of customer or understand the concept

of work in organisation. For competitors, M&S company is the largest company in retail
sector.
 Sources of finance :- In every business finance is most important part to start a new
business. In entrepreneur venture use different factor to obtain finance. In every business
it is most important top obtain finance before start working on some project. With proper
flow of finance in business (Arend and et.al 2015). It is help at the time of expansion in
different market. Finance is help to expand the business in different market.
Businessperson is concentration on all the sources of finance. Although, comparing with
societal businessperson focused on the financial aid of societal abstraction and not
earning net income. An enterpriser is focussing on Chief sameness is that they all are
obsessed unique concept to attain desired results.
Sameness betwixt social and small business venture
In social venture focus on innovate idea in
business. `
In small entrepreneurship is focus on
innovative a unique activity in work place.
Innovation is most important for future
development. . (Goffee and Scase 2015)
In this venture is innovation is help to increase
customer.
It is had more risk capacity. In small business is also having risk capacity.
Difference between social and small business
In social business is focus on welfare toward
people.
In small entrepreneurship venture is use
planing and focus on competition in market.
In social business focus on only benefit to the
society not focus on profit.
In small entrepreneurial venture focus on
government opportunities to increase growth in
the future. (Morris and Kuratko 2014.)
TASK 2
P.3 Small and midget business concern contact on the economic
An entrepreneur is to be focus on economic condition in organisation. Economic condition is
help for new business in organisation. In this chance small and petite business have huge impact
connected economic system, so it is important to every new enterprise to contribute to make
effective growth in nation. This factor is also help to economic growth of organisation and help

to increase performance. In addition to this, it is also essential for the organisation. Business
cycle are the ups and downs in economic activity in organisation (Allegra and et.al 2013). Large
enterprises in focus on contributed growth in economic development. An entrepreneur is focus
on economic activity. In economic activity is focus on different aspect of working culture and
give positive and negative impact on organisation carrying into action. Because of the decline
UK economy, SME business concern impact highly so that it is the chief ground due to
operations are affected. In this context, pursuing are certain impinging of SME on the economic
system:-
 Economic impact :- In economic impact, SME play a very important role to focus on
economic condition. SME organisation is focus on improvement in economic growth of
countries. The SME is use innovation in working environment. It is very important for
the growth of organisation (Allegra and et.al 2013). Innovation is help to identified
business. It is help to highly effective and generate employment opportunities.
 Flexibility :- In this concept focus on economic stability of U.K. Fluctuating in business
environment. Flexibility is help to change business culture in organisation. Continences
changes is help to the development in small business. SMS is use change in business
environment as per the customer need and wants in organisation (Rodríguez-Pose and
Hardy 2015). In addition to this, SME also determines changes with taking alteration as
per the customer needs and requirements. Afterlife, at the clip of financial condition SME
obtain capableness to kind advanced net income and also stay stable in economic system.
All such factor is most important in change ion business concern state of affairs.
 Generate employment opportunities :- SME is generated more no. of employees in
organisation. It is the biggest strength of SME in economic sector. On the other hand
there is no limit of large size of enterprise in organisation performance.
This is all about the impact of micro and small business. The company is to be focus on
economic activity. SME is generated employment opportunities. It is help to the development of
nation. Entrepreneur is use more and more innovation, it is help to increase performance in
organisation.

P.4 midget business concern and enterprise start –ups and how it will contribute to the growth of
the societal economic system
Small entrepreneur and the start-ups asks about what Brexit will come in their way while seeking
to leverage asthenic pound. The impact on small business and start-ups on their GDP is broad
ranging because they are lifeblood of the UK economy (Lourenço, Taylor and Taylor, 2013).
Falling down GDP will have a negative impact on the small business and start-ups in terms of all
the activity of business including of the consumer buying their services and product. Small
business is also sensitized to impact because they have lower experience of real operational field.
If we similitude the larger and smaller firm may effort to easily coll on bank loan and grater
investment or variegation to shore up any weaker main market.
In the situation falling down GDP means that there are small business might struggle
keep planless. Small business also could be more localize so certain region of the economy are
struggling this will impact on the overall economy. From the view of hotel industry this is also a
big part of a geowth of the industry in the today's economic growth. Hotel industry make a big
role into the changes of the economy of the country because if there are many big hotels and
small entrepreneur and small business doing well in their areas. So it must have a big part to
make a impact on the economy (Lourenço, Taylor and Taylor, 2013). Like this all the small
business and start-ups are come to the market make a impact on the social economy of the
country. Economies do note just fall down in an overnight, because of there are many factors that
affect the overall economy so they furnish many things to it. Qbic hotel also a part of make
contribution to the social economy of their country.
After Brexit the start-ups make also a great impact on the economy because of there are
certain things which make the great contribution to the growth of the social economy which is
that new launched business first of all have need of hire employment. They creates the jobs and
economic opportunity that make the support communities through increasing the quality of life
and living standard of the company. The ability to turn idea into new products and services that
also make a prosperity of the people to developed country. New technology and their creative
innovation can increase the social economic growth (Morkovina and et.al 2014). Rapid
innovation have a power to make a historical contribution to strong impact on the economic
growth.

Innovative business activities make conserve and efficient resources. Innovation in
agriculture is more concerned about to make a big challenge to the socio-economic. We spend
billions of dollars on the inefficient activities of healthcare system. New ideas and innovation
create a solution to the country in the resulting to the future reformation. All the contribution of
the new start-ups business make a great impact on social economy of the country.
TASK 3
P.5 Characteristic and skills of successful entrepreneur , difference form business manager
In this way the arrangement is to be focussing on antithetical aspect of employed
condition and different skills of a prosperous enterpriser. Enterpriser is a person is focal point on
different aspect of working condition and used contrastive skills to sheer work on time. In this
linguistic context two prosperous entrepreneurs adopted such as a Mark Zuckerberg and Steve
jobs. Both are unique is there respected field and focus on more innovation in organisation. They
are different from other business manager (Morkovina and et.al 2014). They both are different
form each other and make new things in economic. All such things is help to development of
economic environment. In the same context, skills and characteristics are as follows :-
 Planing :- In small business environment is to be focus on different factor in
organisation. Planing is most important factor to each and every business. With the help
Illustration 1: Skills of entrepreneur
sources :- (Tomistpro.com)

of planing work can be done with effective manner. In addition to this, leaders are also
possesses effective leadership ability. In respect comparison with ordinary business,
planing is most important to focus on each and every activity in organisation. Planing is
used for everything in small business (Dvouletý and et.al 2017). SMS is start with
planing activity, it is help to achieve growth in organisation level in organisation.
 Improvement of agonistic edge: These characteristics assists to idiosyncratic to acquire
alone and advanced ideas. Therefore, it assistance to businessperson to stay different
from other project. Therefore, ordinary managing director not have ability to make
competitive edge as compare to the Zuckerberg and Occupation. Both are focusing on
development is every business and working state of affairs.
In the same context some skills also inculcated in growth of organisation performance.
Entrepreneur is use some skills at the time of working environment. Some skills are as follows :-
 Risk taking :- It is the one of the most crucial skills to set arrangement performance. An
enterpriser is person who take new risk at any level in arrangement. Entrepreneur is a
person who take risk in agreement and assist them to accomplish profit (Dvouletý and
et.al 2017). Only enterpriser is a individual who take risk and work on them to achieve
profit in arrangement.
 Focus :- An entrepreneur is a person who have proper focus about the work in
organisation. Mark Zuckerberg and jobs both entrepreneurs set a proper focus about the
work in organisation. Focus is help to achieve profit in organisation.
 Invest for long term :- An entrepreneur is a person is use long term investment in
economic activity. It is a person use long term investment to achieve profit in
organisation. Long term profit is help to achieve growth in organisation about the work.
This is all about the organisation performance in organisation. Entrepreneur is to be focuses on
some skills and characteristics. This all the skills are to be different from business manager.
Business manager and entrepreneur two different personality.
P.6 Entrepreneurial motivation and mind set
An entrepreneur is a different personality in working environment. Personality of the
individual being characterised as per the basis of lifestyle, culture and bringing up. Personality is
most important factor to discuss in at the of wok in organisation. It is focus individual mind set
and help to focus on different aspect in organisation. Personality is help to change individual

mind set and motivate employees in organisation. Personality is help to set positive mind set, it is
help at the time of set objective and goals in organisation. Entrepreneur mind set is most
important to achieve growth in organisation. Entrepreneur is to be focus on different aspect of
personality in organisation (Reynolds, P.D., 2015). There are some important points about
personality are as follows :-
 Reach out the customer first :- It is the based on the entrepreneur mind set about work
force. Entrepreneur is reach out customer first, because entrepreneur is focus on
consumer need and wants in organisation. Entrepreneur reach out customer first before
start a new venture.
 Find a new market for existing product :- An entrepreneur is to be focus on find the
new activity for already existent product. Entrepreneur is a person is focus on new market
for old product. Entrepreneur is used research work about the work in organisation
(Reynolds, P.D., 2015). With the help of research work entrepreneur is focus on different
market in organisation.
 Spatial arrangement: In this aspect, SME need to exclude culture, originality and
education among the single so that it assistance to develop profitableness in business unit.
In openness is assistance to all the discernment of temporary geographical area. This is
help to increase performance in governing body.
 Use networking to build business :- An entrepreneur is to be focus on increase
networking to build business in organisation. Networking is help to increase profit in
organisation. In new field networking is help to increase customer traffic. Networking is
help to achieve growth rate in organisation.
 Always maintain the quality :- Entrepreneur is to be focus on quality of product in
market. Quality is most important to increase profit in organisation. Customer is attracted
based on good quality of product. To maintain the quality is most important factor in
every business (Leyden and Link 2015). Entrepreneur is focus on maintain the quality of
product in organisation. It is help to increase profit in organisation and maintain the
growth rate in market.
 Extroversion :- It incudes the energy, positive emotion and tendency to seek stimulation
all is to be incubated in this factor. Positive emotion is help to focus on positivity in every
task in organisation.

All such factor is to be incudes in the motivation and mind set of entrepreneur in organisation.
Entrepreneur is use all such activity in organisation. It is help to achieve profit and growth rate in
organisation. This all the things is to be inculcated in entrepreneur personality and it is help to
changes mind set in organisation.
Task 4
P.7 Inheritance and education can hider or adoptive entrepreneurship
In this aspect, it can be focus on reward and drawback of successful entrepreneur in skills. All
such factor assist to compare with other organisation aspect of organisation. Moreover, it is focus
on different factor is to be focus on each and every aspect of organisation performance. For
example an entrepreneur past background and education is give impact on performance in
organisation (Leyden and Link 2015). Marks Zuckerberg past background show his skills and
experience of life. All such things is to be give impact in performance. He is a founder of
Facebook application. Nowadays all people is used this application. He got start work in on this
app. In young age. He is very passionate about his work.
With the help of motivation with his family, he can motivate about the work and family
member encourage about the work in arrangement. His father was successful businessman who
faces respective job with talking case at global level. Thence, he got an idea to implement this
request in which people can talk with several people in every area of the world. He can focus on
every activity of doing this work. Mark Zuckerberg is use research work about the connecting
app (Morris and Kuratko 2014.). Family member is support about the work. He can take risk and
innovator about new work.
Taking risk is most important factor in any new work. Use networking to achieve growth
very fast. It is the based on the entrepreneur mind set about work force. Entrepreneur is reach out
customer first, because entrepreneur is focus on consumer need and wants in organisation.
Entrepreneur reach out customer first before start a new venture. In each and every entrepreneur
is focus on to increase capability of doing business. Entrepreneur is to be focus on each and
every factor like increase networking, improve stability etc. all such factor is help to achieve
growth in organisation. In this context Personality is most important factor to discuss in at the of
wok in organisation (Jones and Colwill 2013). It is focus individual mind set and help to focus
on different aspect in organisation.

Personality is help to change individual mind set and motivate employees in organisation.
Entrepreneur is to be focus on idea converted into reality. It is the most important factor in
organisation. Entrepreneur is a person is focus on research work and increase growth rate in
organisation. Entrepreneur is improved quantity of work or to maintain quality in organisation.
Growth of any business is depended on the quality of product and services and full fill need and
wants of customer. Entrepreneur is used long term investment , result of investment is for long
term in organisation. Apple and Facebook both are strong company. Both company founder is
excellent entrepreneur in the world. Family background is help to motivate about the work and
future needs. Motivation is help to increase profit in organisation or achieve high growth in
market structure. Motivation is help to encourage work and working environment, it is help to
increase profit in market.
Conclusion
Descriptor the above document is founded on the Entrepreneurship determines trenchant
activity to set up the arrangement. In this way, invention done in the entity in which enterpriser
takes risk. New creation of activity is aid to solve enterprise cognitive content and improvement
of nation. This report is supported on the entrepreneurial motivation and mind set. In this report
two successful entrepreneurs adopted such as a Mark Zuckerberg and Steve jobs. Both are
unique is there respected field and focus on more innovation in organisation. Entrepreneur is
focus on all the aspect of working condition in organisation, about the work and culture. This
report is based on the SME, and growth of business and profit of business. Growth and profit
both depend on the motivation and change mind set.

References
Books and journals
El Ebrashi, R., 2013. Social entrepreneurship theory and sustainable social impact. Social
Responsibility Journal. 9(2). pp.188-209.
Jones, P. and Colwill, A., 2013. Entrepreneurship education: an evaluation of the Young
Enterprise Wales initiative. Education+ Training. 55(8/9), pp.911-925.
Seikkula-Leino, j and et.al 2015. How do Finnish teacher educators implement entrepreneurship
education?. Education+ Training. 57(4), pp.392-404.
Wennberg, K., Pathak, S. and Autio, E., 2013. How culture moulds the effects of self-efficacy
and fear of failure on entrepreneurship. Entrepreneurship & Regional Development.25(9-
10), pp.756-780.
Morris, M.H. and Kuratko, D.F., 2014. Building university 21st century entrepreneurship
programs that empower and transform. In Innovative Pathways for University
entrepreneurship in the 21st Century (pp. 1-24). Emerald Group Publishing Limited.
Borah, A., 2014. Socio-Economic Status of Women entrepreneurship–A case study of Morigaon
District in Assam. IOSR Journal Of Humanities And Social Science, 19(7), pp.26-33pp.
Arend, R.J and et.al 2015. Effectuation as ineffectual? Applying the 3E theory-assessment
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Leyden, D.P. and Link, A.N., 2015. Public sector entrepreneurship: US technology and
innovation policy. OUP Us.
Goffee, R. and Scase, R., 2015. Entrepreneurship in Europe (routledge Revivals): The Social
Processes. Routledge.
Turner, T. and Pennington, W.W., 2015. Organizational networks and the process of corporate
entrepreneurship: how the motivation, opportunity, and ability to act affect firm
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Allegra, M and et.al 2013, July. A serious game to promote and facilitate entrepreneurship
education for young students. In International Conference “Education and Educational
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Rodríguez-Pose, A. and Hardy, D., 2015. Cultural diversity and entrepreneurship in England and
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Lourenço, F., Taylor, T.G. and Taylor, D.W., 2013. Integrating “education for entrepreneurship”
in multiple faculties in “half-the-time” to enhance graduate entrepreneurship. Journal of
Small Business and Enterprise Development. 20(3), pp.503-525. (Lourenço, Taylor and
Taylor, 2013)
Hirsch-Kreinsen, H. and Schwinge, I. eds., 2014. Knowledge-intensive entrepreneurship in low-
tech industries. Edward Elgar Publishing.
van Rensburg, D.J., 2015. In-sourcing disruptive brands as a corporate entrepreneurship
strategy. International Entrepreneurship and Management Journal. 11(4), pp.769-792.
Morkovina, S.S., 2014. Cluster approach to basis of forms of cooperation of the state and
entrepreneurship in the forestry management of the sparsely wooded region. Life Science
Journal. 11(10s), pp.423-427.
Dvouletý, O., 2017. Relationship between Unemployment and Entrepreneurship Dynamics in
the Czech Regions: A Panel VAR Approach. Acta Universitatis Agriculturae et
Silviculturae Mendelianae Brunensis. 65(3), pp.987-995.
Reynolds, P.D., 2015. Business Creation Stability: Why is it so Hard to Increase
Entrepreneurship?. Foundations and Trends® in Entrepreneurship. 10(5–6), pp.321-475.
online
skills of entrepreneur 2017 <http://www.tomsitpro.com/articles/it_careers-start-up-
business_school-it_jobs,2-471.html>
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