Order Assignments Now Get Upto 50% Off Get UPTO 50% OFF on Your 1st Assignment. Redeem Code: NEWCUST25 Order Now

Influence of Small Businesses on UK Economy

University: Regent College London

  • Unit No: 9
  • Level: Undergraduate/College
  • Pages: 18 / Words 4406
  • Paper Type: Assignment
  • Course Code: MAN303
  • Downloads: 415
Question :

This assessment will provide some of the main questions which are like:

  1. What are the key areas for which the entrepreneurial mindset and functioning are undertaken?
  2. What are the different environments and the areas through which the hinder entrepreneurship and foster of working are taken?
Answer :
Organization Selected : -


The term entrepreneurship is related to that aspect that states that it is a capacity or willingness of an individual to establish a new venture in an existing marketplace with an aim of bearing risk and profit. Along with this, the primal function of an entrepreneur is to discover novel ideas and implement the same into a business function for gaining a competitive advantage in an innovative or creative style. Moreover, it is classified into various categories and each of them differs from the others in terms of roles and responsibilities (Baum, Frese, and Baron, A., 2014). Furthermore, for accomplishing the desired objective, every entrepreneurial venture needs a definite set of skills and traits that lead them to reach its goal within a prescribed time limit. This study involves various kinds of entrepreneurial ventures and relates it to typology, the influence of small businesses on the UK economy. Finally, identification of characteristics, skills, and traits of entrepreneurs as well as provide a relevant example to explain whether their past experience or background hinders or fosters them. Furthermore, the effect of the social economy on the UK economy in terms of accomplishing growth and development in a better way.

A+ Grades @Affordable Prices! We deliver all academic papers from dissertations & assignments to thesis, & case studies. 5000+ satisfied students, you could be next! Place Your Order Now! Order Now


P1 Different types of an entrepreneurial ventures and its typology

Entrepreurial venture is a proprietor or owner of an association who makes an endeavour to earn increased level of profit maximisation by utilising available resources at optimal manner. Moreover, there are different types of entrepreurial venture which varies from each other in terms of size, scope, purpose, profit margin and so on. However, each entrepreur are viewed as innovative driven, and are constantly prepared to adopt all exiting or upcoming challenge of organisation. Therefore, some of the various types of entrepreurial ventures are as follows: The various sorts of pioneering adventure are as per the following:

Scalable Start-up Entrepreneurship: This type of entrepreneurship relates with those in which entrepreneur establishes its own business with an aim of changing the world. However, for obtaining the same, it collect funds from venture capitalists as well as recruit highly skilled or talented manpower (Burns and Dewhurst, eds., 2016). This is because, it empower them to attain increased level of sustainable profitability ratio. Moreover, such entrepreur tend to set up scalable business model by implying their best contribution towards an economic enhancement in terms of employment generation. For example, Facebook, Instagram, online shopping for electronics and etc.

Large company: Under this kind of entrepreneurship make an initiative in acquiring sustainable innovation for which they deliver innovative products or services in order to fulfil the requirements of customers and also to gain competitive advantage among competitors. Hence, for obtaining the same they make use of advanced technology or automation that motive those to enlarge its market share effectively and efficiently. For example, Google, Microsoft, Samsung and many more.

Social Entrepreneurship: In such kind of entrepreneurship, an entrepreneur produce or offer certain goods or services for solving social issues or difficulties with an intent of improving living standard of community or society in an impressive way. For example, Safepoint Trust, NHS and etc. Some of them are non- profit, profit or hybrid organisation who works towards to develop wellbeing of community or society (Fayolle, Liñán and Moriano, 2014). 

Typologies of entrepreurial ventures

Innovative entrepreur: In this entrepreneurship, these are the ones who imagine the new thoughts, new items, new generation strategies or procedures, find potential markets and revamp the organization's structure. These are the business chiefs and contributes fundamentally towards the financial improvement of the nation. It involves large entrepreurship and scalable who make use of available resources by grabbing all opportunities and growth platforms in a b

Download Full Sample
Cite This Work To export references to this Sample, select the desired referencing style below:
Global Assignment Help.(2023) Influence of Small Businesses on UK Economy Retrieved from: https://www.globalassignmenthelp.com/free-samples/entrepreneurship/man303-influence-of-small-businesses-on-uk-economy
Copy to Clipboard
Copy to Clipboard
Global Assignment Help (2023) Influence of Small Businesses on UK Economy[Online]. Retrieved from: https://www.globalassignmenthelp.com/free-samples/entrepreneurship/man303-influence-of-small-businesses-on-uk-economy
Copy to Clipboard
Global Assignment Help Influence of Small Businesses on UK Economy. (Global Assignment Help, 2023) https://www.globalassignmenthelp.com/free-samples/entrepreneurship/man303-influence-of-small-businesses-on-uk-economy
Copy to Clipboard
Global Assignment Help Influence of Small Businesses on UK Economy. [Internet]. Global Assignment Help.(2023), Retrieved from: https://www.globalassignmenthelp.com/free-samples/entrepreneurship/man303-influence-of-small-businesses-on-uk-economy
Copy to Clipboard
Often times, students feel unable to work on assignments and think, “Who will do my assignment?” By providing "Sample" on various subjects, we are trying to help them understand all the intricacies of writing. We have the most qualified and skilled assignment writers who can provide the best assignment writing services, essay writing services, dissertation writing services, and more at the most affordable rates. Place your order now for surprising discounts.
Boost Grades & Leave Stress

Share Your Requirements Now for Customized Solutions.

Lowest Price
USD 7.13

Delivered on-time or your money back

100+ Qualified Writers

For Best Entrepreneurship Assignment Help

  • expert name
    1412 - Completed Orders
    Michelle T. View Profile Master's in Mechanical Engineering Germany Hire Me
  • expert name
    631 - Completed Orders
    David Picher View Profile Ph.D in Computer Applications Alabama, USA Hire Me
  • expert name
    1443 - Completed Orders
    Fiona Jackson View Profile Master's in Civic Education Australia Hire Me
  • expert name
    250 - Completed Orders
    Rossana Maxwell View Profile MBA - Marketing Australia Hire Me
View All Writers
FREE Tools

To Make Your Work Original

  • tools Paraphrasing Tool

    Easy to Use Paraphrasing Tool to Simplify Complex Academic Writing

    Check Paraphrasing
  • tools Plagiarism Checker

    Check your work against plagiarism & get a free Plagiarism report!

    Check Plagiarism
  • tools Reference Generator

    Get citations & references in your document in the desired style!

    Generate References
  • tools Grammar Checker Tool

    Make your content free of errors in just a few clicks for free!

    Grammar Checker
  • tools Essay Typer

    Generate plagiarism-free essays as per your topic's requirement!

    Essay Typer
  • Dissertation Outline Generator

    Get Structured Outline by Professionals for Your Dissertation

    Check Dissertation
  • Thesis Statement Generator

    Create the perfect thesis statement in just few minutes!

    Generate Thesis
GAH whatsapp