Unit 9: Entrepreneurial Ventures & Small Business Management Report

This report provides an overview of entrepreneurship and small business management, covering the scope of entrepreneurship in local, social, and global contexts. It examines situational factors affecting businesses, highlights similarities and differences between various business types, and explores shared entrepreneurial traits and characteristics. The report also delves into the background and experiences of entrepreneurs, providing insights into the hurdles they face. Case studies like IKEA and National Health Services (NHS) are used to illustrate key concepts. The report concludes by summarizing the main points and referencing relevant academic sources.

ENTREPRENEURSHIP AND
SMALL BUSINESS
MANAGEMENT

INTRODUCTION
 This report will explain about the entrepreneurial in which area as they are covering
with the local, social and global business.
 Moreover, also examined about the various situation factor and difference between
among them.
 Along with this also entrepreneurial traits and characteristics and hinder and footer for
the entrepreneurial with having the relevant example.

The scope of entrepreneurship covering
 In having the business with the local Capital journey have to keep their business
policies and laws for follow with the various countries.
 As the organization have to set up their business while for keep in mind about the
customer and about their tastes and preferences in which they can easily make sure for
having the better and effective goals and objective.
 While in working with the expansion business at global the Capital journey need to
make more strategies in which they can and keep their customer with long term.
 While this might be also important for working with the social trends in which the
entrepreneur need to keep in mind about the various trend for their customer.

CONTD…
 IKEA business need to make more scope in which they can easily make their business
for having social trend and make sure for having global expansion.
 Local business with having the better furniture and having the high quality of services
in which the organization can work.
 Furthermore, this could be also important in completing over their business with
having local customer and that could refer for having global and make their more
social trend in working with high terms and globally.
 IKEA organization work at globally for which they can maintain their proper
estimation in sales and make sure for having the high growth over their business.

CONTD..
 National health services is refers to social organization in which they help the people
who are needed for shelter, food and many other thing which could keep the people
satisfy.
 Along with also provide the better employee developed and skills for looking after
their patients and make sure for having the better option in treatment.
 As they also keep their people for treatment in which they are facing financial issues
and help them for better future aspects.
 NHS keep their employee working with having the better and effective role for which
the patient cannot suffer with high diseases and many other important things.

Situational factors, similarities and differences
 Capital journey sales the furniture at local business in which they have to follow up the
political rules and regulation through which they can easily keep their better option for
expansion store at local business.
 As enterprise should also keep their products and services for having the better high
quality and work as per social trends in which they can satisfy the customer.
 The organization have to mace their products and services while by having the every
cost so that every class level can buy them and make their income source.
 Technology must be used for which the employee and many customer can easily make
their attraction towards the working and buying products.

CONTD..
 IKEA work for globally business in which the Brexit take place and many rule have
been changes while working with global.
 As organization also keep the knowledge about the technology and economic in which
they can easily satisfy their customer with having less prices and using much
technology.
 That might be keeping more attraction and make sure for having the better sales.
 Moreover, this could be also important in knowing about how they can deal and
complete their goals and objective for which business can become more succession.
 While having the high quality of services and that could be essential for knowing about
those factor in which they can maintain the product and services for which the goals
and objective for the global business.

CONTD..
 National health services which refers for the social organization and take to make sure
for following the political factor in which they can easily manage their work.
 Economic of countries should also known and how they can deal over their situation,
just while by keeping the high terms and goals for which the health service can be
followed.
 Legal system must be important for the patient in which they have to follow their rules
and work as per having regulation.

Shared entrepreneurial traits and
characteristics
 Local, social and global business can work and make their business for making the
customer satisfaction.
 Traits and characteristic while by keeping the motivation and confidence while for
working and also believe also about successfully despite with challenges.
 Always thinking about the market, this can increase can market share and maintain
more about the bottom line.
 While by also keeping high creativity and make sure for having opportunities where
other people are facing problem about any products and services.
 They also have the ability to convince themselves and others that the opportunity is
worth pursuing and their solution will work.

Background and experiences of
entrepreneurship
 Every entrepreneur has a dream to start their own business
and they want to get success.
 But before getting success they have to go through from
various hurdles and obstacles.
 There are some successful entrepreneurs who have to face
failures before getting succeeded.

CONCLUSION
 From the analysis of above report it has been stated that this
particular report focuses on Entrepreneurship and small
business management.
 This report provides detailed information about the different
types of entrepreneurial venture and it also shows the
relation between entrepreneurship and topology

REFERENCES
 Egboga, I. and Zubairu, U., 2020. How Effective Has Global Entrepreneurship Been As
A Tool For Economic Growth?. Journal of Business and Behavioural
Entrepreneurship. 4(1). pp.112-121.
 Félix-Brasdefer, J.C., 2020. Pragmatic variation across varieties of Spanish. In The
Routledge handbook of Spanish pragmatics (pp. 269-287). Routledge.
 Høyem, J., 2020. Outdoor recreation and environmentally responsible behavior. Journal
of Outdoor Recreation and Tourism. 31. p.100317.
 Kong, F., Liu, P. and Weng, J., 2020. How and when group cohesion influences
employee voice: A conservation of resources perspective. Journal of Managerial
Psychology.
 Kowalik, I. ed., 2020. Entrepreneurial Marketing and International New Ventures:
Antecedents, Elements and Outcomes. Routledge.
 Schutte, F. and Mberi, F., 2020. Resilience as survival trait for start-up entrepreneurs.
 Suminar, T. and et.al., 2017. Management of Entrepreneurship Training Program in
Literacy Village.