Entrepreneurship and Small Business Management: Traits and Factors

This presentation provides an overview of entrepreneurship and small business management, focusing on the traits, types, and situational factors that influence entrepreneurs. It discusses the differences and similarities between global, local, and social entrepreneurs, highlighting how their backgrounds and experiences can either foster or hinder their success. The presentation uses examples like Martin Riddiford and Jim Reeves to illustrate the impact of background on entrepreneurial ventures. The analysis concludes that while entrepreneurs share some common traits, their individual journeys are shaped by their unique experiences and situational contexts. Desklib provides access to similar solved assignments and study resources for students.

ENTREPRENEURSHIP AND SMALL BUSINESS
MANAGEMENT
PART 2

Table of content
 Introduction
 Part 2
 Conclusion
 References

INTRODUCTION
 An entrepreneur is descried as a person who may efforts to set up a company and take risk to
gain profitability.
 The current presentation will explain scope of different types of entrepreneurs, similarities,
differences and their situational factors.
 It will justify characteristics & traits of entrepreneurial and how these relate to different lines of
argument about entrepreneurial traits.
 The presentation will clarify how experiences & background can hinder or foster businessman.

Specific examples of entrepreneurs to illustrate scope to entrepreneurship
covering one global, local and social entrepreneur
 An entrepreneur is a person who undertakes a business, organize activities related to it
and raise capital to make it productive.
 In the world of business, there are several entrepreneurs exist that conduct particular
activity and practice.

Exploration of their situational factors, differences and similarities-
 Situational factors are those elements that influence do not happen from within individual
but from elsewhere such as external and internal environment as well as other around
specific one.
 The situational factor of social entrepreneur is their education, experience, role model and
perceived contribution.
 Just like them, global and local businessman situational factors also drive their attention
towards doing something specific or unique.

Discussing shared entrepreneurial characteristics and traits and an analysis of
how these related to varied lines of argument about features of businessman-
 Traits-
 Ocean model
 Characteristics-

Critically evaluate how background & experiences can foster or hinder a
businessman
 Experience and background of entrepreneurs are one of those factors that drive
their attention towards hinder or foster their careers.
 For example, Martin Riddiford and Jim Reeves are those entrepreneurs that belong to
good family background, which drive their attention and efforts towards greater success,
which is quite important for both of them.
 While taking personal experience, they create Gravity Light to save environment from
harmful effects and to make profits that they use in the future. It is the best initiative that
they may do to gain a lot of success.

CONCLUSION
 From above analysis, it has been determined that background and experience of social, global and local
entrepreneur has foster their career and drive their attention towards conducting specific activities and
practices related to their field and level of interest.
 In form of comparison, it has been identified that each entrepreneur is quite different from each other
on the basis of their family background, education and experience that they get during whole journey
of their lives.
 At high extent it influenced them and their career as well, for example some as gone to the wrong
direction and few of them may learned good experience that made them a good man or person.

References
 Gallo, F.R and et.al., 2020. Predicting user reactions to Twitter feed content based on
personality type and social cues. Future Generation Computer Systems. 110. pp.918-930.
 Sonlu, S., Güdükbay, U. and Durupinar, F., 2021. A Conversational Agent Framework
with Multi-modal Personality Expression. ACM Transactions on Graphics (TOG). 40(1).
pp.1-16.