Comprehensive Overview of Entrepreneurial Ventures and Typologies

This report delves into the multifaceted world of entrepreneurial ventures, providing a comprehensive overview of different types and their respective typologies. It begins by defining entrepreneurship and then moves on to categorize various venture types including public, corporate, scalable start-up, large company, social, and small business entrepreneurship. The report further explores typologies of entrepreneurship, such as growth firms and lifestyle enterprises, highlighting their unique characteristics and objectives. A significant portion of the report is dedicated to comparing and contrasting different entrepreneurial ventures based on factors such as scale, aim, characteristics, and operational methodologies. The investigation extends to examine public, private, and social entrepreneurial ventures, outlining their specific roles and objectives within the broader entrepreneurial landscape. The report concludes by emphasizing the importance of entrepreneurship in fostering innovation and satisfying consumer needs, underscoring the role of small-scale businesses and start-ups in driving economic growth. The report also includes a list of references.

UNIT 9.
ENTREPRENERUSHIP AND
SMALL BUSINESS
MANAGEMENT
TASK 1

 INTRODUCTION
 Different types of entrepreneurial ventures
and typology of entrepreneurship
 Typologies of entrepreneurship
 Similarities and differences between
entrepreneurial ventures
 Investigate different range of
entrepreneurial ventures
 Conclusion
 REFERENCES
Table of Contents

 Entrepreneur is defined as a process
which is being undertaken by an
entrepreneur in order to organise and
manage new business venture with having
an aim to make profit while undertaking risk
(Akehurst, Simarro and Mas‐Tur, 2012).
INTRODUCTION

 Public sector
 Corporate sector
 Scalable Start-up Entrepreneurship
 Large company Entrepreneurship
 Social Entrepreneurship
 Small Business Entrepreneurship
Different types of entrepreneurial ventures
and typology of entrepreneurship

 Growth firms: Within this entrepreneur
take use of new business ideas and make
significant increase in profitability as well as
productivity of business venture.
 Lifestyle Enterprise: Significantly aim
towards offering services and products to
individual as well as community with an aim
to maximize their living standard and
lifestyle (Carsrud and Brännback, 2011).
Typologies of
entrepreneurship

 Differences
Similarities and differences
between entrepreneurial ventures
Basis Small business Large company Social entrepreneurship
Scale of measurement Entities in small business mainly initiated their
business venture by investing small ratio of fund.
Organisations within large segment start
business venture by investing high fund
and capital in order to conduct business
functions in a well defined manner.
Company engage in the business Social
entrepreneurship segment mainly conduct their
business to satisfy community and individual needs at
local level.
Aim Organisation in small scale provide product and
services that an aim to offer satisfaction to
consumers at small scale (Epifanova and et. al.,
2015).
Entities engage in this segment have
main aim to increase profitability at
maximum rate while offering services
and products to consumers.
Main aim that has been hold by firms in this segment is
to increase living standard of individuals while
fulfilling their needs and demands in pest effective
manners.
Characteristics Companies engaged in the business operations
within small-scale segment conduct their
business functioning and activities by
undertaking use of limited resources.
In order to conduct business operations in
large scale entities undertake use of large
base of resources, raw materials, labours
etc and invest funds on periodical basis in
order to expand their business venture.
These organisations do not operate their function for
profit motive. Along with this they gain maximum
support from government as they conduct business
operations in order to provide welfare and satisfaction
to individuals.

 Similarities
Similarities and differences
between entrepreneurial ventures
Basis Small business Large business Social enterprise
Assemble the requirements Companies who perform their
business functioning in small
business sector effectively aim
towards accomplishing needs and
demands of consumers at local
scale as to ensure their
sustainability in marketplace.
Large scale business organisation
conducts their operations to fulfil
needs and requirements of
consumers’ at large base.
Entities involved in the segment
offer provide products and services
to local individuals in order to
satisfy them in a well define
manner.
Society upliftment Entities operating functioning in
this segment have a motive to
maximise individuals at local scale
living standards by offering them
satisfactory products as well as
services (Dees, 2017).
Companies involved in this sectors
offer their services to generate
maximum profitability with having
a motive to increase profit earning
capability of organisation by
serving customers at large scale.
Most important aim that has been
hold by organisation in social
enterprise is to increase satisfaction
level of individual by offering them
effective services and increase their
living standards at great extent.

 Public: These are supported by
government and aids within attainment of
goals of organisation.
 Private: They are owned by the owners
and their objective is to attain relevant
profits.
 Social: They work for the benefits of people
and render their services to enhance the
quality of life of population.
Investigate different range of
entrepreneurial ventures

 Entrepreneurship is a continuous process in
which entrepreneur endlessly engage in the
process of evaluating unique and new ideas
with the help of which they can offer
immense satisfaction to consumers. This has
been identified that in an economy small
scale business organisation and start-up act
as key essential element, as they developed
their business by undertaking revolutionary
measures to strengthen their position in
marketplace.
Conclusion

 Berglund, K., Johannisson, B. and Schwartz, B. eds., 2012. Societal
entrepreneurship: Positioning, penetrating, promoting. Edward Elgar Publishing.
 Bhachu, P. ed., 2017. Immigration and entrepreneurship: culture, capital, and ethnic
networks. Routledge.
 Bridge, S. and O'Neill, K., 2012. Understanding enterprise: entrepreneurship and
small business. Palgrave Macmillan.
 Carsrud, A. and Brännback, M., 2011. Entrepreneurial motivations: what do we still
need to know?. Journal of Small Business Management. 49(1). pp.9-26.
 Dees, J. G., 2017. 1 The Meaning of Social Entrepreneurship. In Case Studies in
Social Entrepreneurship and Sustainability(pp. 34-42). Routledge.
 Epifanova and et. al., 2015. Modernization of institutional environment of
entrepreneurship in Russia for development of innovation initiative in small business
structures. European Research Studies. 18(3).pp.137.
 Bangar, B.K., 2020. Entrepreneurship in Small and Medium Enterprise. Studies in
Indian Place Names. 40(55). pp.328-333.
 Chtioui, T. and Dubuisson, S. T., 2020. Towards a communication-based typology of
management control modes: showing the relevance of communicative action for
entrepreneurial settings. International Journal of Entrepreneurship and Small
Business. 39(1-2). pp.163-191.
REFERENCES

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