Unit 9 Entrepreneurship: Managing for Success 2020/2021

This assignment solution focuses on managing entrepreneurship for success, covering the identification of different types of entrepreneurial ventures, comparing their similarities and differences, and critically examining their scope, development, and growth. It explores typologies such as managed growth firms, social enterprises, and aggressive growth firms, highlighting the importance of creating a brand name, fostering creative ideas, and constant innovation. The analysis includes a comparison of organizational structure, technology investment, managerial style, and skills across different venture types. Ultimately, the solution emphasizes the need for a focus on growth and development, promotion of innovative ideas, cost control, and securing a strong market position to achieve competitive benefits. The document concludes that business entrepreneurship encourages business activities and operations.

Managing Entrepreneurship for success

TABLE OF CONTENTS
 Introduction
 Identifying different types of entrepreneurial ventures and explaining how they
relate to different types of entrepreneurship's
 Comparing similarities and differences between entrepreneurial ventures
 Critically examining the scope, development and growth of entrepreneurial
ventures
 Conclusion
 references

INTRODUCTION
 Managing entrepreneurship is the most important part for professionals and entrepreneurs in
business management.
 The presentation will provide information about various types of entrepreneurial ventures and their
comparison.

1. Identifying different types of entrepreneurial ventures
and explaining how they relate to different types of
entrepreneurship's
 Any established company
 Small size social venture
 High growth firms
 Typologies
 Managed growth firms
 Social enterprise
 Aggressive growth firms

2. Comparing similarities and differences between
entrepreneurial ventures
 similarities
 Creating a brand name
 creative idea
 constant innovation
 Sustain against large businesses

Difference between typology on the basis of
Basis Aggressive growth Managed growth Social
Organization structure The company's organizational
structure shows the designs and
composition in order to meet
customer needs. A firm has a
matrix structure and focus on
innovation and creativity.
Marks & Spencer follows a flat
structure, which means this type
of company's structure has
limited level of business
management.
The firm follows hierarchical
structures to achieve the social
aims and objectives.
Technology investment The company is investing in
new technologies such as digital
content creators.
The company is investing in
new software to improve its
sampling process.
The firm is boosting financial or
technology investment to
support society.

Continued
Managerial style The company follows
transformational leadership
style which encourages
innovative and aggressive
leaders.
The company utilizes
effective collaboration among
staff members under
leadership style. Here the
employees of different levels
has been promoted for
effectiveness of the business
operations.
The company adopts leaders
and managers at multiple
levels as democratic
leadership styles.
Managerial skills Here, Communication and
creativity is the managerial
skill.
Ensuring to follow legislation
to support customers health
and safety.
Overall responsibility to
provide affordable homes to
needy people.
Managerial focus Building an emotional
connection with customers.
Building socially connected
communities and develop
positive environments.
Providing facilities such as
low income services and
housing.

3.Critically examining the scope,
development and growth of entrepreneurial
ventures
 More focus on growth and development
 Promoting innovative ideas
 Creativity and technologies
 Profit margins ratio
 Cost control
 Market position
 Competitive benefits

CONCLUSION
 Business entrepreneurship allows people to encourages business activities and operations.

REFERENCES
 Books and Journals
 Blundel, R. and et.al., 2021. Exploring entrepreneurship. Sage.
 Berger, E. S. and et.al., 2021. Digital or not–The future of entrepreneurship and
innovation: Introduction to the special issue.