UK Economy: Analysis of Entrepreneurial Ventures and Impact

This report investigates various entrepreneurial ventures and their impact on the UK economy. It examines different types of ventures, including new ventures, emerging enterprises, high-tech firms, small social ventures, and high-growth firms, relating them to the typology of entrepreneurship such as lifestyle firms, survival firms, managed growth firms, aggressive growth firms, public sector entrepreneurship, and social enterprises. The report explores the similarities and differences between these ventures, focusing on managerial focus, style, technology innovation, and sources of finance. Furthermore, it assesses data and statistics to illustrate how micro and small businesses impact the UK economy, highlighting their contribution to employment and turnover. This comprehensive analysis provides valuable insights into the role of entrepreneurship in the UK's economic landscape.

Entrepreneurship and Small Business Management
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Table of Contents
Task 1...............................................................................................................................................4
Task 2.............................................................................................................................................11
Reference List................................................................................................................................15
Appendix........................................................................................................................................17
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Task 1
To: Director, Career Services
From: Kadi, Career Services Advisor
Date: 2 April 2018
Sub: An investigation of the range of venture types that can be considered entrepreneurial and
their impact on the UK Economy.
Executive Summary
Entrepreneurship is increasing the number of small and medium sized businesses in the market
of UK. Venture types are of various types but out of them, corporate ventures are increasing in
number and at a faster pace. Small private entrepreneurs are coming up with new ideas for
processing their business activities in the market of UK and are making great contribution in the
growth of the economy. Entrepreneurs are both neither born nor made they are just formed and
their skills and personality are essential factor for shaping their business in the needed manner.
1. Examine different types of entrepreneurial ventures and explain how they relate to the
typology of entrepreneurship.
I. Define entrepreneur venture
Entrepreneurship is the ability of an individual to design and to place a idea in the market and to
make business out of it. Entrepreneurship can even be stated as the willingness to run a business
and to have the capability to manage the business activities in the needed manner in order to run
the business in a systematic manner. Entrepreneurism is the motive of an individual to process
the set business activities and to make profit from the risks related to those business activities.
II. Examine/ inspect thoroughly, entrepreneurial ventures that falls in the categories
below in order to determine their nature or condition. The examination would
obviously, require inspection and examples.
The business initiatives taken by the entrepreneurs through the unique idea identified by them are
known as entrepreneurial ventures. The list below identifies the various types of such ventures
along with examples of existing businesses that fall under the respective types:
 Creation and development of New Ventures of all types
Zopa, UK, can be stated as a good example of creation and development of a new
venture. Zopabypassed the banking and financial institutions by providing loans at lower
rate to borrowers and allowing the people investing money at it to save as well as gain
higher rate of growth (Milne and Parboteeah, 2016).
 Emerging enterprises that May or may not grow and do or do not innovate
Some of the emerging enterprises may fail to be successful due to the reasons such as
labor, customer attitude, wrong marketing strategies, logistics and inventory management
(Lovelock and Patterson, 2015). Example of such enterprise can be given as online stores
or ecommerce businesses such as Dover Street Market and Percival in UK.
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 Firms that are innovative - High Tech firms
The high-tech firms focus on innovation in there processes as well as products or services
(Drucker, 2014).Example of such a firm in the UK can be given as the Atom
Bankthatbelieves in delivering best of productivity by adopting the latest technological
advancements in their business and produce high tech financial services with
exceptionally personalized services.
 Established company, small size social venture
These small size business establishments are capable of sustaining their business process
over good period with the correct decisions and strategiesto achieve social objectives
(Grant, 2016). En example such an enterprise can be given as Telensa, which is a
wireless technology startup in the UK, delivering smart city solutions and assisting the
government to make the life of the local people better in terms of technological
advancements.
 High growth firms
These firms are global giants operating in multiple locations across the globe generating
large revenue and profits by catering to a vast number of customers or clients worldwide.
An example of such an enterprise can be stated as Google, which is global internet search
engine providing internet related products and services to customers around the globe.
III. After giving examples and discussing the ventures above, you are then required to
relate it to the ventures below which are classified as the typology of
entrepreneurships? Explain how the above are consistent (relate) or inconsistent
with the ones mentioned below.
Lifestyle Firms:
Lifestyle firms are the businesses that are developed with the motive to support the lifestyle of
the entrepreneur and the motive of these businesses are to make small profits out of their actions.
The businesses that are developed in this venture category provide the opportunity to the
entrepreneur in making a stable profit out of their actions (Wynarczyk et al., 2016). The aims of
these businesses are not to make an expansion or to find out their position in the market and they
are restricted by their capacity. These businesses are located in a single location and execute their
business minimum for five years.Best example for lifestyle venture type can be Dover
StreetMarket and Percival, which is providing the necessary goods like, clothing and these
organisations, may or may not grow their business in the future.
Survival Firms:
The businesses that are related to this business category execute their business activities in order
to supply the basic elements of survival (Storey, 2016). The organizations that are performing
their business under this venture type are having the least assets of their organization and do not
indulge in bank interference in their business. An example of this kind of businesses venture is
Zopa, which is having the basic asset for their business and the maximum business operation.
Managed growth firms:
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These businesses are the most stable businesses in the market. The business in this venture
category are designed in a systematic manner and the strategies that are build up for these
ventures allows the business in executing their activities in the most appropriate manner (Morris
et al., 2018). The businesses in this venture category either are with the motive to grow their
business in a stable manner by penetrating a new market with a newly developed product or by
raising their number of employees.Atom Bank is one of the best examples of managed growth
firms, and the motive of this firm is make proper growth in the economy.
Aggressive growth firms:
The organizations that are under this venture category are mainly technology-based and have the
capability to make better innovation in their business process, which allows the business in
targeting their domestic and international market. The businesses are funded by the exponential
growth and with the help of equity capital (Morris et al., 2018). These organizations make
aggressive promotion in order to make their business grow in their chosen location. Google is
becoming the necessity of every individual that is using a smart or advance technology and this
is the best way where an organization can be aggressive in his or her business process. This
organization is completely technology based and one of the best example of aggressive firm.
Public sector entrepreneurship:
Businesses that are under this venture category are with the motive to serve the public of a
society and have both the motive to serve and to make a profit out of their business activities in
the location. Under this venture category, the Government of the nation guides the organizations
(Leyden and Link, 2015). The businesses need to align their business as per the policies
developed by the government. Telensacan be the best example for public sector enterprises in
UK because this organization is running their business activities aligning the policies that are
drawn by the UK government.
Social enterprise:
Social enterprises are the entrepreneurship that involves operations of businesses with the motive
to maximize the social impacts that the nation is facing and even to make profits to the external
stakeholders of the business (Ridley-Duff and Bull, 2015). These business types are developed
with both the motive to make and not to make the profit but their concern is to make the welfare
of the society. This entrepreneurship has both social and business motives and has the capability
to make social changes.
2. Explore the similarities and differences between entrepreneurial ventures.
Academic
Ventures
Social
Ventures
Corporate
Ventures
Public
Ventures
Private
Ventures
Managerial
Focus
The
managerial
focus of these
ventures are
majorly on
the internal
The
management
focuses on the
development
of new and
creative ideas
The focus of
the
management
in the
corporate
environment
The managers
of such
organizations
keep a check
on the
adherence to
The
management
of the private
ventures
focuses on the
achievement
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environment
and effective
completion of
academic
tasks by the
sub-ordinates
that serve the
purpose of
providing
social
solutions.
remains
constant on
the
productivity
and efficiency
of the
operations
taking place
in the
organization
the guidelines
provided for
the workings
of the
organization
of the
objectives of
the
organisation
in the best
possible or
the most
efficient
manner
Managerial
Style
The
managerial
style of such
enterprises is
Laissez-faire,
allowing the
members to
have the
freedom of
taking
decisions in
their daily
tasks
These
ventures
commonly
use the
Management
By Walking
Around style
that ensures
that the
managers are
counsellors
and not
directors
fostering
creativity in
the work of
the business
Corporate
ventures
commonly
use a mixture
of
Authoritative
and
Consultative
managerial
styles to
ensure
adherence to
company
norms and
policies as
well allow
employee
participation
The
democratic
style of
management
is used in
most of the
public
ventures to
ensure the
participation
of the
employees in
the decision
making of the
organisation
Most of the
private
ventures
follow the
Authoritative
style of
management
as the it is
essential for
the
management
to ensure
business and
operational
sustainability
Technology
Innovation
These
ventures
frequently
adopt the
latest
technology to
refine the
business
process
Social
ventures at
present are
looking into
improvement
and
development
in the field of
technology as
the future
promises a
vast
technological
advancement
in the society
around the
globe
The
technology
advancement
related to
improvement
of the
business
process is
vastly
incorporated
by these
ventures at
present
Public
ventures
contribute in
the
technological
innovation
with the help
of the
participation
of mass
through
investment
and shares
Private
ventures
utilise
technological
advancements
to foster
growth and
the companies
that do
business
related to
invention of
technology
consider
technology
innovation as
their sole
priority in
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order to reach
the business
objectives
Source of
Finance
Many sources
of finance can
be utilised
such as
private
investment,
crowd
funding and
others
The financial
Source of
such ventures
are both
public
investments
as well as
government
investments
Corporate
ventures have
various
financial
sources and
receive
funding in
numerous
ways such
asbusiness or
private
investments,
government
funding, loans
and others
Public
ventures
generally
have a
mixture of
government
and private
funding
sources.
Private
ventures
source their
financial
requirements
through
internal or
self
investments
and inviting
investors
externally to
fund the
business
operations
and gain
mutually out
of it
Table 1: Comparison between different entrepreneurial ventures
(Source: Created by learner)
3. Interpret and assess relevant data and statistics to illustrate how micro and small
businesses impact on the economy.
A small business can be defined as an independent business organization owned and operated
privately and has limited by size and the revenue so generated in relation to the concerning
industry it operates in. Some examples of such small business are bakeries, Beauty salons,
general and departmental stores; clothing stores and other such enterprises. Small businesses at
present are the support structure to the backbone of the U.K.’s economy. Sixty percent of the
small business enterprises in the U.K. sought their funds through external sources. The small
business enterprises accounted for 99.3 percent of all the business in the private sector in the
U.K. in the year 2016. The combined turnover over of the small business enterprises in the U.K.
economy is estimated at 1.8 trillion pounds (Storey, 2016). The employment generated through
the small business enterprises in the same year in the country was recorded as 15.7 million that
amounts to 60 percent of the total employment in the private sector. The small business
enterprises have had a great impact on the economy of the country and helped it achieve
significant growth since 2015.
Social economy is the third sector of the U.K.’s economy and is different from the public and
private sectors in it. The new business ventures and start-ups in the U.K. have helped in
generating employment by a large margin improving the social economy (Kuratko, 2016). The
social economy benefits from the services and solutions received by society to tackle social
issues through the operations of the small business enterprises. The productivity of the small
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business enterprises has fostered the growth of the social economy in the U.K. and encouraged
people of the society to create an independent source of living for them as well as generate more
employment opportunities for others in the process. Social ventures of the small business
enterprises such as funeral care, co-operative institutions dealing with insurance and other such
services help to cater to the needs of the society at the local level. These services promote social
growth of the country as well as contribute to the overall economic development.
4. Evaluate the differences small, medium and large businesses make to the economy,
applying relevant data and statistics
Figure 1: Contributions of the different type of businesses in the U.K. economy
(Source: Market-inspector, 2018)
The total number of business entities in the U.K. economy can be divided into three broad
categories that are small, medium and large businesses. The list below shall explain the meaning
of each category and state their contribution towards the country’s economy:
Small Businesses
The terminology ‘small business’ refers to independent business structures which are limited by
revenue, size and capital (Robb and Robinson, 2014). These business units have contributed
48percentof the total employment in the private sector and 33percent in terms of turnover. The
99.3 percent of businesses in the private sector are made up of small businesses.
Medium Businesses
These businesses are relatively smaller than the large business’s and larger when compared small
business enterprises. They employ more people than the small units and have larger revenue as
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well as capital invested. The contribution of the medium businesses in the economy in terms of
employment, turnover and business is 12 %, 14% and 0.6 % respectively.
Large Businesses
The large business organizations are the giants of their respective industries in the economy
(Dahl, 2017). They play a pivotal role in economy and employ a large number of workforces
around the globe along with generate huge figures in terms of revenue and profits. The large
business organizations contribute 40 % to the total number of employment in the private sector
of the U.K.’s economy. Their turnover and business contributions in the national economy is 53
% and 0.1% respectively.
5. Provide a critical examination of the impact of small business on different levels of the
economy including local, regional, national and international
Small business units regionally help in creating a need amongst the members of the society at the
regional level to generate an independent source of living and not be dependent on others to
provide employment. The local economy’s growth is accelerated due to these independent
initiatives, which act as the catalyst for the process of improvement. The small businesses have
been reported to have provided 24.3 million people with employment in the U.K. Healthy
competition in order to raise the standard of livings is created because of it and helps in assisting
in the creation of an atmosphere that gives scope of growth to innovation (Schumpeter, 2017).
Thirty-seven percent of the small businesses in the economy have been recorded to play a vital
role in boosting innovation. This suggests that they have been active drivers of creativity and
innovation. The national income of the U.K. has witnessed a rise since the outbreak of the
concept of start-ups and independently owned small businesses. The contribution of the small
business has been best at helping the economy of U.K. shine at the international level and the
world witnessing its significant growth since the previous years. The economy has observed a 47
% growth in the small business units between 2009 and 2013.
6. Critically examine the scope, development and growth of entrepreneurial ventures.
The micro and small business have majorly influenced the growth of the U.K.’s GDP, which
currently stands at 493,278 million pounds. The effects of Brexit witnessed a state of confusion
amongst the public of the country hence a slowdown in the pattern of growth of the small
business organisations. At present, it is sure that small businesses can operate normally in the
U.K., as no changes will be made immediately because of Brexit. Hence, the small businesses in
the country do not face any current threats and will get a scope of being prepared for the future.
The percentage of small businesses created in the U.K. at the start of year 2017 stood at 99.3 %.
The economy has seen a sustained growth pattern in the total populations of businesses in it. The
increases are observed as 2.2 million since the year 2000 and 197000 since the year 2016. The
number of sole proprietorship and businesses has increased by 128000 and 76000 respectively in
the last year. However, it can also be observed that the number of common partnership
businesses fell by 7200. The scope of growth, innovations and increase in social initiatives has
acted as catalysts in increasing the number of entrepreneurial ventures (Kuratko, 2016). The
elements of capital attraction have influenced the decision of the people positively in setting up
independent businesses.
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Task 2
1. Determine and analyse the characteristic traits, skills and motivational drivers of
successful entrepreneurs that differentiate them from other business managers, supported
by specific examples
Entrepreneurial Mind-Set
The terminology ‘Entrepreneurial Mind-Set’ can be referred to the particular state of mind that
motivates human behaviour and conduct to initiate entrepreneurial activities that lead to
transforming the unique idea into reality (Kirkley, 2016). The activities so initiated are
influenced by certain drivers such as innovation, creativity and risk taking features. The risks
involved are commonly calculated by the visionary characteristics of the skilled entrepreneurs
who have a clear idea about the execution of the task in a manner that will prove to efficient as
well as effective.
Characteristics and Traits of Successful Entrepreneurs
The following are some of the common traits and characteristics found in successful
entrepreneurs:
High ambitions
An entrepreneur needs to be highly ambitious in order to foster growth by setting new goals and
objectives. Having high ambitions enable the entrepreneurs to keep on learning new skills to
reach further ahead than others (Barringer, 2015).
Confidence
The entrepreneurs’ confidence helps him/her to achieve success by performing tasks in a manner
that is not probably possible by others. The element of confidence is necessary in performing the
required tasks effectively (Barringer, 2015).
Astute Calculations
The entrepreneurs are able to calculate exact outcomes and be prepared of any adverse situation
at work. They are able to gauge the results at the beginning of the operations by astute analysis
(Barringer, 2015).
Far-sighted Vision
Entrepreneurs are visionaries who are able to foresee the future and plan accordingly to achieve
their dreams and plans. They are able to gauge potential threats that might hinder their progress
towards achieving their goals (Barringer, 2015).
Fearless
The entrepreneurs are fearless in their actions and are willing to take risks that the common
people might not ever think of. This characteristic of them makes them distinctive from others
(Barringer, 2015).
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Motivational Drivers of Successful Entrepreneurs
The list below explains the motivational drivers of the successful entrepreneurs:
Strive Towards Creating a Difference
Entrepreneurs are motivated to create a difference in the society and achieve overwhelming
goals. They stand as positive examples for others and influence the mind-sets of others to be
productive (Omorede, 2014).
Purpose over Money
The purpose of the actions of the entrepreneurs is to transform their ideas of a successful
business in reality achieving their desired results. Money is mostly secondary when compared to
their purpose of building a business structure (Omorede, 2014).
Satisfaction Derived Through Achievements
The entrepreneurs are hugely motivated by the satisfaction that they are able to derive by
achieving their targets and goals. The achievement of such goals leads them to a state of peace
and contentment (Omorede, 2014).
Helping Others Achieve Their Goals
Successful entrepreneurs in their course of action help others build on their dreams and achieve
the desired goals. They are always open towards lending help to the needy and help others to
achieve success as well (Omorede, 2014).
Difference between Managers and Successful Entrepreneurs
Entrepreneurs Managers
Definitions An entrepreneur is a person
who transforms a business
idea into reality and willing
accepts the risks involved.
Mangers are people who
assigned with the task of
supervising and ensuring the
successful execution of the
required tasks
Objective The objective is to start a new
business and guide it to
success
The objective is to manage the
ongoingor new processes in
the business
Status Owners of the business Employees of the business
Decision making The decision making process
is intuitive
The manager’s decisions are
calculative and to some extent
influenced by higher authority
Primary Source of
Motivation
Primary motivation for
entrepreneurs is the
achievement of the desired
goals
The primary motivation for
the managers are the
attainment of power and a
position of authority
Table 2: Comparison between Entrepreneurs and Managers
(Source: Created by learner)
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2. Assess how aspects of the entrepreneurial personality reflect entrepreneurial motivation
and mind-set. Explore and examine different lines of argument relating to entrepreneurial
characteristics
Entrepreneurial personality is a key area of an individual to become an efficient entrepreneur.
Motivations and mindset of an entrepreneur completely depends on the attitude of the
entrepreneur and these motivations and mindset allows the individual to shape their business
accordingly. Personality of the entrepreneur directly makes impacts on the decisions that are
made to run the business and this shows that entrepreneurs can even born or even made. Gene
speaks but even nurturing of individual can help in becoming a better entrepreneur. An
individual belonging from business background can even fail to possess some of the needed
characteristics or skills, while a person belonging from non business background can even posses
the needed skills of a success entrepreneur. The entrepreneur who is belonging from a business
family might fail to have the sense of responsibility of all the decision taken by the employees
and vice versa. Motivating skill is another essential factor that the entrepreneur must understand
while a person that is not belonging from a business family, which states that it is of confusion
that entrepreneurs are born or made.
3. How can background or experience Hinder or Foster Entrepreneurship. Critically
evaluate how background and experience influences entrepreneurs, both positively and
negatively, by comparing and contrasting examples
The background and history of the individuals play a vital role in shaping their entrepreneurial
values and characteristics. There are various social factors such as individual outlooks, beliefs of
the individuals, their families and the society they live in that are able to hinder or foster the
growth of entrepreneurial characteristics. The individual’s mind-set might be possibly groomed
by the elements or characteristics of the environment they are born and brought up. Factors such
as poverty, limited resources and being deprived of other necessities play a pivotal role in
shaping the mind-sets of the individuals. Some incompetency in life such as not being able to
complete education or being dropped out of school can cause in the pattern of thinking of the
people. All these stated factors and causes influencing the mind-sets can trigger positive and
negative motivation towards entrepreneurship. The push and pull factors influence individuals
either towards or away from entrepreneurship (Nabi et al., 2015). A push or pull factor may be
motivating for a person but de-motivating for the other. Unemployment can be stated as an
example of the push and pull theory in relation to entrepreneurship.
The following list will provide examples of successful entrepreneurs and state their unique
backgrounds and experiences:
Simon Cowell
A local entrepreneur who gained fame for his upright and honest attitude in the famous television
shows such as American Idol and X Factor. His fortune was sourced from the role of a music
executive and a television producer. The career of this unique entrepreneur started at mail room
in the EMI Music Publishing. His father had worked with the same company at an executive
post. He currently owns Syco, which is a record company. Cowell’s ventures in the field of
music and television are able to assist him in generating 95 million dollars as his yearly earnings.
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His passion for music kept him motivated and helped him reach great heights in his career (Joel,
2018).
David and Simon Reuben
The Reuben brothers are great examples of international entrepreneurs of U.K. The brothers own
multinational businesses in diversified industries across the globe. They were born and brought
up in poverty ridden conditions and have their roots sourced from humble backgrounds. Their
migration to U.K triggered their motivation towards achieving entrepreneurial ambitions. They
have worked for years in the scrap metal and carpet industries before striking gold in their
respective fields and are at present globally renowned for their large businesses in various
industries(Joel, 2018).
Neil Daly
One of the renowned social entrepreneurs in the United Kingdom, Neil Daily, is the founder of
Skin Analytics, which is a business organization aiming to provide health solutions to the people
of society. The company has been able to come up with the development of an attachment that
can be installed on any mobile phone and is capable of taking pictures for the purpose of the
diagnosing skin moles, which can be potentially cancerous. This extraordinary tool is powerful
enough to provide warning signs and make a difference between life and death. Daly has worked
with the global giants such as Visa, Accenture and hold valuable experience in the field of health
and technology.
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Reference List
Barringer, B.R., 2015. Entrepreneurship: Successfully launching new ventures. Pearson
Education India.
Dahl, R.A., 2017. Politics, economics, and welfare.Routledge.
Drucker, P., 2014. Innovation and entrepreneurship.Routledge.
Grant, R.M., 2016. Contemporary strategy analysis: Text and cases edition. John Wiley & Sons.
Joel (2018).The Top 10 UK Entrepreneurs. [online] Addicted2success.com. Available at:
https://addicted2success.com/news/the-top-10-uk-entrepreneurs-britains-richest-and-wealthiest-
entrepreneurs/ [Accessed 2018].
Kirkley, W.W., 2016. Entrepreneurial behaviour: the role of values. International Journal of
Entrepreneurial Behavior& Research, 22(3), pp.290-328.
Kuratko, D.F., 2016. Entrepreneurship: Theory, process, and practice. Cengage Learning.
Leyden, D.P. and Link, A.N., 2015. Public sector entrepreneurship: US technology and
innovation policy. OUP Us.
Lovelock, C. and Patterson, P., 2015. Services marketing.Pearson Australia.
Market-inspector (2018). Facts About the Role of SMEs in the UK | Market-Inspector. [online]
Market-inspector.co.uk. Available at: https://www.market-inspector.co.uk/blog/2017/05/facts-
about-small-medium-businesses-in-the-uk [Accessed 2018].
Milne, A. and Parboteeah, P., 2016. The business models and economics of peer-to-peer lending.
Morris, M.H., Neumeyer, X., Jang, Y. and Kuratko, D.F., 2018. Distinguishing Types of
Entrepreneurial Ventures: An Identity‐Based Perspective. Journal of Small Business
Management, 56(3), pp.453-474.
Morris, M.H., Neumeyer, X., Jang, Y. and Kuratko, D.F., 2018. Distinguishing Types of
Entrepreneurial Ventures: An Identity‐Based Perspective. Journal of Small Business
Management, 56(3), pp.453-474.
Nabi, G., Walmsley, A. and Holden, R., 2015. Pushed or pulled? Exploring the factors
underpinning graduate start-ups and non-start-ups. Journal of Education and Work, 28(5),
pp.481-506.
Omorede, A., 2014. Exploration of motivational drivers towards social entrepreneurship. Social
Enterprise Journal, 10(3), pp.239-267.
Ridley-Duff, R. and Bull, M., 2015. Understanding social enterprise: Theory and practice. Sage.
Robb, A.M. and Robinson, D.T., 2014. The capital structure decisions of new firms. The Review
of Financial Studies, 27(1), pp.153-179.
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Schumpeter, J.A., 2017. Theory of economic development.Routledge.
Storey, D.J. ed., 2016. The small firm: an international survey. Routledge.
Storey, D.J., 2016. Entrepreneurship and new firm. Routledge.
Wynarczyk, P., Watson, R., Storey, D.J., Short, H. and Keasey, K., 2016. Managerial labour
markets in small and medium-sized enterprises. Routledge.
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Appendix
PPT HANDOUT
Slide 2:
Slide 3:
Slide 4:
Slide 5:
17
This slide discusses the mindset of the entrepreneur
and the ways in which their personality reflects on the
decisions made by their businesses.
Various characteristic that are needed by an
entrepreneur in order to make proper business
development.
Various drivers of motivations that are needed to
be in an individual to be a better entrepreneur.

Slide 6:
Slide 7:
Slide 8:
18
Roles and responsibilities that are played by the
successful manager and entrepreneurs and their
comparison.
Entrepreneurs are born or made
Example of Local Entrepreneurs
Examples of International entrepreneur

Slide 9:
19
Example of Social entrepreneur