Contemporary Issues in Entrepreneurship: A Comparative Analysis Report

This report focuses on contemporary issues in entrepreneurship, specifically analyzing the business strategies of Tesco and Aldi. The report delves into key challenges such as cash flow management and time management within the context of entrepreneurial frameworks. It examines how these organizations, as rapidly growing supermarket chains, navigate these issues to drive business development and expansion. The analysis includes a review of relevant literature and frameworks to understand the strategic approaches employed by Tesco and Aldi in addressing these contemporary challenges. The report highlights the importance of ownership, effective budgeting, and goal-oriented time management in achieving success within the competitive landscape of the grocery and retail sectors. The report is based on a formative assessment of 300 words, including the identification of the central topic, market analysis, and the selection of the two organizations for investigation. The final summative assessment is a presentation with audio, which will further elaborate on the entrepreneurial topic, literature review, evidence approach and case studies.

Contemporary Issue in
Entrepreneurship

Table of Contents
Formative assessment- ................................................................................................................3
REFERENCES................................................................................................................................4

Formative assessment-
Contemporary issue in the entrepreneurship and innovation mainly focus towards the business
development process which is integrated with the management system of business, frameworks
and other model. It is needed for business process to identify, evaluate and analyse the overall
performance of global business. Contemporary issues is based on the subject that currently work
in the business process. There are different issues that in the business management system. In the
entrepreneurship, one or more staff members in the organization has importance of ownership
which is committed towards the success of business process (Berglund Gaddefors and Lindgren,
2016). Cash flow is also main problem when the Tesco face struggle to pay the bills and this
problem can be arise from delayed the invoicing. This is the common problem in the business
process. On the other hand, Aldi is planning an effective strategy to manage the proper budgeting
whereas this is the best process to improve the cash flows in the product and service. Time
management is also challenges issue in the entrepreneurship because sometimes, employee
cannot able to complete their task on time. TESCO always focus towards their specific goals to
list which is important for the business development process. Team members are continuously
focused towards their goals and objectives (Frank and Landström, 2016). In this way, they can
manage their time in effective ways. In this way, it can be selected the supermarket business such
as TESCO and Aldi etc. These are the fastest growing organization to expand their business all
over the world. Tesco is based on the groceries and general merchandise retailer that generate the
highest revenue in the world. They expand their market size all over the world. There are many
store open in 11 countries all over the world. This organization has been change their policy and
added more innovative idea towards the growth and development of enterprise process. On the
other hand, Aldi is also most common brand that establish the business ad open approximately
10,000 store in 20 different countries. This firm always launch the effective quality of product
and service in marketplace at every years.

REFERENCES
Books and Journals:
Berglund, K., Gaddefors, J. and Lindgren, M., 2016. Provoking identities: entrepreneurship and
emerging identity positions in rural development. Entrepreneurship & Regional
Development, 28(1-2).pp.76-96.
Frank, H. and Landström, H., 2016. What makes entrepreneurship research interesting?
Reflections on strategies to overcome the rigour–relevance gap. Entrepreneurship &
Regional Development, 28(1-2). pp.51-75.
Hägg, G. and Kurczewska, A., 2016. Connecting the dots: A discussion on key concepts in
contemporary entrepreneurship education. Education+ training, 58(7/8), pp.700-714.