Entrepreneurship and Small Business Management: Venture Comparison

This presentation provides a comparative analysis of three entrepreneurial ventures: McDonald's, Penny Black (a local UK restaurant), and Cancer Research UK. It outlines the scope of each venture, highlighting similarities such as the use of sustainable models and innovation management, and differences such as profit orientation versus social welfare. The presentation also discusses shared traits and characteristics of entrepreneurs, including passion, motivation, morale, confidence, and risk-taking abilities. Furthermore, it emphasizes the impact of background and experience on an entrepreneur's ability to navigate market situations. The presentation concludes by summarizing the key aspects of the ventures and their entrepreneurial impact.

ENTREPRENEURSHIP AND
SMALL BUSINESS
MANAGEMENT

INTRODUCTION
Entrepreneurship and small
business management are those
sources which helps in making easy
availability of products and services.
The presentation will outline scope
of three comparative entrepreneurs
with regard to their traits and
characteristics

THREE ENTREPRENEURIAL
VENTURES
 Mc Donald's, who offers food services at global level and holds
a leading market position.
 Penny Black, a local restaurant in UK, which offers dining
facility to domestic customers.
 Cancer research, is an social enterprise which is focused on
establishing social welfare and well-being by enabling
medication and treatment to individuals suffering from Cancer.

SCOPE ENTREPRENEURIAL
VENTURES
 Scope of McDonald's is to work together and become the
market leader in providing quick and healthy food services to
its consumers.
 Scope of Black penny is to establish its presence across the
boundaries of UK, for providing healthy and quality food
services.
 Scope of Cancer research UK, is to derive social welfare for
preventing cancer by creating awareness and providing
prevention treatment.

SIMILARITIES BETWEEN
ENTREPRENEURIAL VENTURES
 Analysing use of best sustainable model is the similarity
between all ventures because it helps an organisation in
developing strategic alliance for conducting successful business
operations.
 Innovation management in products and services is another key
similarity between all enterprises.

DIFFERENCES BETWEEN
ENTREPRENEURIAL VENTURES
 Social enterprise like Cancer research is non profit organisation
whereas functioning of Black penny and McDonald's is of
generating profitable returns.
 Investment of capital in business is different in all three
ventures because social firms are dependent of sponsors and
charity whereas large enterprises seeks for investment from
shareholders and on the other hand small ventures invest capital
in their business either from on saving or from ban loans.

SHARED TRAITS AND
CHARACTERISTICS
Entrepreneurs are individuals who works with passion and
motivation to maintain their specific position market.
Morale and confidence are key factors which represents their
dedication to manage successful business operations.
An individual is a risk taker and therefore adapts in uncertain
market situations.

IMPACT OF BACKGROUND AND
EXPERIENCE ON
ENTREPRENEURSHIP
Experience and background plays an vital role growth of
entrepreneur because it reflects individuals ability to resist.
If in case, the family back ground for person is involves din own
business and start-ups than it is possible that the person might have
knowledge about the market situation, consumer repose, uncertain
situation, risk.

CONCLUSION
The presentation summarized about three different
entrepreneurial ventures and their scope.
It outlined similarities and differences between entrepreneurial
ventures.
It concluded by determining affect of background and experience
of entrepreneur on organisation.

REFERENCES
 Hatten, T.S., 2015. Small business management:
Entrepreneurship and beyond. Nelson Education.
 Mamabolo, M.A., Kerrin, M. and Kele, T., 2017.
Entrepreneurship management skills requirements in an
emerging economy: A South African outlook. The Southern
African Journal of Entrepreneurship and Small Business
Management. 9(1). pp.1-10.