Creating and Managing Entrepreneurial Organisation: A Detailed Report

This report analyzes the challenges and opportunities facing entrepreneurial organizations, particularly in the context of the COVID-19 pandemic. It begins by discussing the challenges, such as staffing, health and safety, revenue, and planning, and opportunities that emerged during the pandemic, including a slowdown in investments and the rise of online platforms. The report then examines the changes in business capabilities and consequences, including the transformation of business models, the impact of digitalization, and the effects on various sectors. Finally, it explores the firm life cycle and growth strategies, including launch, growth, maturity, and decline stages, as well as strategies like market penetration, product development, market development, and diversification. The report provides a comprehensive overview of the factors influencing entrepreneurial organizations and their adaptation to changing circumstances.

Creating and
Managing of New
Entrepreneurial
Organisation

Contents
MAIN BODY...................................................................................................................................3
1. Discuss the challenges and opportunities about firm defines............................................3
2. Any changes about the business related with capabilities and consequences. .................5
3. Firm life cycle ad growth strategies..................................................................................6
CONCLUSION ...............................................................................................................................1
REFERENCES................................................................................................................................2

INTRODUCTION
Managing of entrepreneurial organisation is refer to single or group of people starts their
own capital invest business with having concept to change world concept in positive manner. An
entrepreneurial organisation are structures which usually like to promotes to developed ideas
related with business through sustainable in market (Erić-Nielsen, Jojanović-Aleksić. and
Zlatanović,., 2019). It is must that many of entrepreneur business utilise to be functional as they
have certain alternative that need to follows by the organisation members for getting optimal
solution as well as better sustain in competitive business world. In this essay report, organisation
is random selected from incorporation business and dissolution are both increased in United
Kingdom during COVID-19. Further the report the topics are cover abut challenges and
opportunities generates during pandemic situation, any changes occurs in critical situation for
business perspective and firm life growth categories.
MAIN BODY
1. Discuss the challenges and opportunities about firm defines.
Incorporation is process through which a new or existing business registers within limited
company. This is legally entitled where separate entity is having to presumes who owns by
individual with sharing of profit by their own. The incorporation is having structure comprise to
the most advantages way to start about business because the corporation which exists as a
separate entity. Through a corporation exist within a separate entity that creates better legal
rights towards individual rights. The objective of entrepreneurial business is increasing day by
day that employment rate is not stable as economic crises and recently pandemic/ Covid situation
creates high rate of unemployment within (Hidayatullah and et. al., 2019). Through records it
clear about economic and business data is many of business are start within pandemic situation
as some of them get dissolve due to lack of profitability and shortage of capital. The challenges
which is faces by United Kingdom business firm in different phases are mentioned below: Staffing: With the economic future possibilities about uncertainty that comes upon many
business are reviewing their staffing arrangements is most reminder aspect in year 2020.
As there was huge shortage of staff where many companies are laying off their manpower
because business were not generating optimum profit with expectation due to COVID-19

situation. The process of retention which finish as employees were laying off and these
can be having surety to create effective lacking and bunch of uncertainty. The option
being considered which include that four day week making redundancies. It has reduced
with its reliance about contractor while bonus through promoting discussion have
deferred. Health and safety: While remote for presuming working to attain better success and get
enthusiastic about prospect of returning towards the office. By communicating within
using of mass transport system is to an additional complication outside that control
where most of employees, especially for organisation that are based on high of areas of
high population density. Transport companies allows planning to accommodate effective
social distancing, mask and medicines. The people may use also expected to wear about
face mask while travelling on public support. People are used to wear mask and sanitizer
to enhance effective public transport. The United kingdom public transport are get to
back normal day within January 2021. It is earliest and possibility not where it get until
April.
 Revenue are expected within their revenue to be negatively affected through COVID-19
cases. While having revenues are down about there is slow down in payments. Media
companies are considered for example that customer are holding pay to create effective
payments (Rodriguez and et. al., 2019). Even though cash are allows to having cash
reserves. Audits are more to concern that busines is able towards many sector which creates
effective issues if they found any misconduct transaction. The formal result to conducts
about to create purchase in order. The finance team will wants to pay close attention to
these groups within areas. Some of business are conducts which operate through auditors
which will scrutinize inventory management and what complying with terms of
agreement of National Health services.
 Planning: it is more advanced managerial practises type which comes under to difficult
business to effective plan in such unpredictable environment. Through consumer are
predicting to demand appears to be returning about which it could helps to drive
economics. The study of economic helps examing about mapping supply and demand
through generating effective outcomes. In United Kingdom, Christmas is one of main

festive season in which market is aware about vulnerable situation that creates more
confidence in economy.
All the above mentioned factors of challenging creates more complexities which brings
various uncertainties.
Opportunities which also generates during pandemic situation that get effective to
handle are: It provide or time to business where now investments are getting slow as market is
not fluctuates ups and down. Apart from it people are presumes to doing for other things for
procuring satisfactory factor. To reflects about consider which enhance to disrupts where day to
day impact having opportunity to reflect on other thing. On sudden basis it creates speed and
innovation where many organisation that suffers from slow procedure complex about creating
enough complexities. But in this enhance effective hierarchical base that creates effective system
to more combination to generates better option for creativity in business (Cunningham., Mente.
and Wirsching., 2019). This creativity such as start ups in online platform as well as having
decision making without formal groups.
Evaluation:
As per above opportunities and challenges for international entrepreneurial creating better
business advantages that is needed towards entrepreneurial career where revenue, health and
security, cost planning along with audit. These are one of the factor that brings more
opportunities and having challenges to manage for reduce further uncertainty. There is situation
of pandemic allows to shut down all business activities as well as many business are approaching
online business. Similarly for some of business are like Amazon, Walmart, Filpkart and other e-
commerce business are presuming their business as they have to interact with customer on online
platform.
2. Any changes about the business related with capabilities and consequences.
There is enhance better transformation about business model where it is important key about
value of business that customer and society within post COVID-19. This only creates business
undertaking model of business which creates effective business model that creates through
automation that having procedure to moderate shifts to creates marginal automation which
inclusive business model which proving more resilient. The transformation allows more unique
and existing business which are sustain for long time period. Such as Amazon and other e-
commerce business like Flip-kart, Apple , Google etc. through COVID-19 that has been caused

on largest and fastest shift in human behaviour change at scale beneficial. On the role of
digitalisation practises which is underway through almost (Roundy and Bayer, 2019). In every
organisation about the shift that has accelerated which adaptation on digital technologist
effective update. For example Amazon company is one of most valuable and having effective
working changes that arrives to commence shift accelerated to digital technologies adaptation.
Some of offline business went off or dissolved were it has related capabilities. It formation of
consequences appears on some of business Ion United Kingdom were some Hospitality and
airlines business get shuttled down. There is high human involvement where it creates to forms
about data collection. The changes were appears as involvement of less manpower works about
to creates better fluctuation towards that enhance competitive advantages. There are
consequences which effectively utilised to formulate towards generating uncertain for dealing
of Covid-19 is having pandemic situation about dramatic losses. As the loss occurs within
disruption towards pandemic about millions where tons of people are at risk in investment
purpose where currently is having estimated about 690 millions which could increase up to 132
millions through ending of the year. In scenario of United Kingdom, many incorporate business
and nearly half of their livelihood. Through informal economy basis as majority of social
protection is lacking. More suffer in health care and food aspect in every surrounding to create
nutrition about having no food as they have less nutrition food in effective manner. On the basis
of pandemic which is having affecting towards entire foods and beverages that creates fragile in
optimum manner (Lahiri and et. al., 2019). At last on summarised pandemic situation for UK
moderate favourable as many business went shut off and other are get to discovered in effective
manner. As in depth situation about multinational get business which it creates to invest more
that increase more advantages to generate positive outcomes. Incorporation which creates
effective budget as well as small entrepreneur are getting more business opportunities to
generates profitability in business.
3. Firm life cycle ad growth strategies.
As per the firm life cycle is the type of progression where individual business is mainly
divided into certain phrases. The cycle is having horizontal way to communicate where it having
five different stages are First stage is Launch: it is represent about the sales are generates in low,
but it is having slowly to having better and effective segments. The stages is describe about to
handle to about three major aspects are:

 Growth: This enhance about sales growth to effective accelerate to characterised through
increasing of sales year in over year. In specific production of areas level of increases
where the gross margin should effectuively enhance about to creates effective work stage
profit per unit.
 Maturity: The product leads to creates top bound that having demand cycle that
spending on promotional as well as advertising which will effect on increasing demand.
 The decline stability: This is majorly arrives about specific product that leads to passed
highest demand. At the point of demand will either remain steady or having less
efficiency of decrease about product decline.
The business is mainly focuses on market line where the target customer segment through
advertising on the basis of comparative advantages represents (Arshi and Burns, 2019). As per
the initial start-up their costs are very low and having initial group which is having
Illustration 1: Product Life Cycle, 2021
Source:
https://productlifecyclestages.com/product-life-cycle-stages/growth/

comparatively advantages on proposition. Second stage is Growth: in this it creates opportunity
as well as companies experiences through rapid sales growth. As sales increases rapidly on
which business start on examine point. Finally the cash flow of during the growth is having
phrase about effective growth become positive representation on excess which is having sales
cycle during cash flows on high in sales. Finally the cash flows through during aspect of growth
which creates positive benefits. Shake out: the sales of continue for having increase to create
effective slower where it approaching for saturation point where new business competitors raises
Foss, N.J., Klein, P.G. and Bjørnskov, 2019). On the study of market study growth study
enhance about four stages such as Market Penetration: According to this strategy it emphasis about existing product to sell
in existing market as they not involve in new market or product. Product Development: for further it creates helpful to commence business mapping about
new specification that creates effective business enforcement within existing market.. Market development: as per this strategy is define about new market approaching
existing product to more profitability and earning better way of competitive advantages.
 Diversification: On the basis of this it measures by dealing with new product in new
market. As these strategy is about to managing for competing through positive side that
enhance to raise competitive advantages.
By mapping the COVID situation in United Kingdom it creates major disaster
consequence in which many business were approaching their diversification. The motive for
approaching is getting engage within searching new market to explore for selling new product.

CONCLUSION
It is inferred from aforementioned report of managing entrepreneurial business
organisation it all covers about pandemic situation which describes in effective solutions as well
as challenges. Furthermore in further essay there is detail information of United Kingdom
pandemic situation demonstrate that enhance about to gain competitive advantages. Thus, by
implement of Ansoff Matrix for mapping competitive level to explore market for selling product
to retain customer. The another analysing of future responsibilities where staffing, health and
safety , revenue, audit and planning is commence about challenges and opportunities that derives
about to particular entrepreneurial that enhance for better career in business. Revenue and
planning of funds along with resources are major role to play for building effective business in
competitive business environment.
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REFERENCES
Books and Journals
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the entreppreneurial organization. Ekonomika. 65(2). pp.87-98.
Hidayatullah and et. al., 2019. The effect of entrepreneurial marketing and competitive
advantage on marketing performance. International Journal of Scientific and Technology
Research, 8(1), pp.297-1301.
Rodriguez and et. al., 2019. Managing the next generation of sales, gen z/millennial cusp: An
exploration of grit, entrepreneurship, and loyalty. Journal of Business-to-Business
Marketing. 26(1). pp.43-55.
Cunningham, J.A., Menter, M. and Wirsching, K., 2019. Entrepreneurial ecosystem governance:
A principal investigator-centered governance framework. Small Business Economics.
52(2). pp.545-562.
Roundy, P.T. and Bayer, M.A., 2019. To bridge or buffer? A resource dependence theory of
nascent entrepreneurial ecosystems. Journal of Entrepreneurship in Emerging Economies.
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The mediating role of readiness for innovation. Organizations and Markets in Emerging
Economies,. 10(1). pp.31-56.
Foss, N.J., Klein, P.G. and Bjørnskov, C., 2019. The context of entrepreneurial judgment:
organizations, markets, and institutions. Journal of Management Studies. 56(6). pp.1197-
1213.
Lahiri and et. al., 2019. Collaboration and informal hierarchy in innovation teams: Product
introductions in entrepreneurial ventures. Strategic Entrepreneurship Journal. 13(3).
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Widyani and et. al., 2020. The role of ethical behavior and entrepreneurial leadership to improve
organizational performance. Cogent Business & Management.7(1). p.1747827.
D’Angelo, A. and Presutti, M., 2019. SMEs international growth: The moderating role of
experience on entrepreneurial and learning orientations. International Business Review.
28(3). pp.613-624.
Strielkowski, W., Kalyugina, S. and Mukhoryanova, O., 2019. MANAGING HUMAN
POTENTIAL AND YOUTH SOCIAL ENTREPRENEURSHIP IN PERIPHERAL
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