Entrepreneurship & Small Business Management: Venture Typologies

This report provides an overview of entrepreneurship and small business management, highlighting the importance of innovation and technology in today's changing business environment. It discusses various types of entrepreneurial ventures, including large company, scalable, small business, and social ventures, and explores their relationships and differences. The report also examines different typologies of ventures, such as aggressive growth, lifestyle, managed growth, and survival ventures, detailing their characteristics and objectives. Furthermore, it compares and contrasts social enterprises with scalable and large company entrepreneurial ventures, emphasizing their respective focuses on social welfare, innovation, and profit. The conclusion underscores the significance of entrepreneurship in the market and the opportunities for investors in growing ventures, while also recognizing the unique skills and characteristics of successful entrepreneurs. This document is available on Desklib, where students can find similar resources.

ENTREPRENEURSHIP & SMALL
BUSINESS MANAGEMENT

INTRODUCTION
 Entrepreneurship can be defined as an ability of an
individual to govern and regulate specific business named
as a start-up within new idea and innovation techniques
bike continuously minimising the risk and increasing the
profit. The people who operate this type of businesses are
called entrepreneurs. Today environment is continuously
changing and there is a need of innovation and
technology within the business enterprises to increase the
benefits as well as attract number of customer. These
improvements within the products and increment in
innovation bring the concept of small scale businesses
that operated generally low level of capital but high rate
of profit. In this report there will be discussion on
entrepreneurship and small business management which
is become important part of UK economy.

Inspect dissimilar types of business
undertakings and explain how they
relate to the typology of
entrepreneurship
 Entrepreneurship and divide concept and getting popularity in
recent days because of high rate of profit with the innovative
products. There are number of persons who are becoming the
entrepreneurs in today's market this is because of some
famous entrepreneurs and their motivational speeches. Some
of the famous entrepreneurs like Mark Zuckerberg, Bill gates
and Steve Jobs. All these are big entrepreneurs of their time as
well as current time. There are number of entrepreneurship
ventures opportunity within current market where all type of
entrepreneurship typologies has a perfect relationship between
them. Help an individual to get and grab these opportunities
but taking some risk and a huge amount of profit. Some of
these opportunities are mentioned which help the
entrepreneur to get a firm according to their choice where they
can gain maximum profit and achieve their objectives.

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 Large Company Entrepreneurial Venture: these
are those companies which use improvement for new
innovation within the existing product of the market.
They brings some specification or improvement in
the products which are already trading within the
market and have an effective share.

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 Scalable Entrepreneurial Venture:
scalable entrepreneurship ventures are those
which are directly related to production of new
idea for bringing the change within the whole
market. This type of ventures plays more focus
on increasing the market share as well as
guiding the market with innovative product.

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 Small business Entrepreneurial Venture:
Small business entrepreneurship venture are the
important part of every economy in today's environment.
There are more than 90% of the total branches are small
scale size within the economy of UK..

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 Social Entrepreneurial Venture: Social entrepreneurship
ventures can be classified as ventures that are generally form for
solving a particular issue within the society. Non-profit
organisations where they deal in providing products and services
for solving the issues will in the market. This type of ventures is
meant for making the place better to live. These are generally non-
profit organisation but they can also be some profit organisation or
hybrid organisations according to the situation within the market
and point of for example there are number of trust named as safe.
Trust which focusing on launching the sirens which are for example
there are number of trust named as safe. Trust which focusing on
launching the spellings which are recyclable. They have tie up with
number of hospitals and clinics within the country where they
provide free patient treatment for some chronic diseases as well as
help patient in meeting expensive treatment of some particular
diseases like cancer and tumour.

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Various typologies of entrepreneur’s ventures
 Typology can be defined as a function where different things are
divided according to their types.in the case of entrepreneurship
ventures these are differentiated according to their plants from
structures and style which is classified and mentioned below:
 Aggressive growth Ventures: Aggressive growth can be
define as those entrepreneurship which have their main focus on
advancement of technology and bringing the more innovation within
the environment. The main aim of the type of ventures is to stay in the
market for a longer period by maximizing the growth of company.
They always focus on increasing the market share by adopting
aggressive marketing strategies and increasing the size of the
business as a large scale.
 Lifestyle Ventures: Lifestyle branches are those which have
the main aim of expanding in growth in the business but satisfying the
customers need according to the behaviour of customer. This type of
ventures use small amount of human resources within the
organisation and run their business at a single place.

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 Managed growth Ventures: these are the organisation which
also focuses on expanding their business operation and spreading
awareness about their work to the whole world. The of the
strategies which are liberated to making the joint ventures and
using import export policy for increasing the profit as well as size of
the company and making global existence of firm. This company
have good structure as well as use the skilled worker for providing
good quality products where they can increase their market to
global level and bring sustainability within organisations
performance.
 Survival Ventures: Survivor ventures are those book focuses
on increasing the awareness about the needy people in the society.
Only focus on the needs of the society where it initiates the
business in order to increase the standard of living of those people
who are living in the society where the business is operating. Please
type of ventures has their main focus on increasing the social status
of people as well as providing different opportunity to them.