Assess the key aspects of an entrepreneurial mindset

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Reference no: EM132577447

Unit 2 Enterprise and Small Business Management - HND Business

Assignment - Enterprise and Small Business Management

Learning Outcome 1 Explore and illustrate the range of venture types that might be considered entrepreneurial

Learning Outcome 2 Assess the impact of small businesses on the economy

Learning Outcome 3 Determine and assess the key aspects of an entrepreneurial mindset

Learning Outcome 4 Examine the different environments that foster or hinder entrepreneurships

Scenario 1

You are a small business consultant specialised in start-up businesses. You are looking to widen your client list, and therefore you have decided to create a presentation, which assesses the impact of small businesses in the UK economy, providing helpful recommendations to your existing and potential clientele. You will need to submit an individual presentation, of maximum 1500 words (+/- 10%) that assesses the impact of small businesses to the UK and European economy. The presentation needs to include latest figures, and tables released by authorised and reliable sources. The presentation will be distributed online, so you will not deliver in-person, but upload it to provided link.

Task 1

Individual Presentation

Make sure you covered the following:

1. Define the concept of an SME, and evaluate the growth and financial contribution of micro, small and medium private organisations to the UK Economy. Your analysis needs to be based on the last 5 years and must include potential political and economic factors that might have either stimulated or halted the development of SME's in the country.

2. Examine the role of SME's and analyse how they contribute to the national economy. Your analysis must contrast the following:
a) Compare the impact of SME's for two UK regions;
b) Compare the impact of SME's for the UK utilising two different industries (for example, retail and construction)
c) Compare the impact of SME's for two EU countries;

Scenario 2
You are a student in Year 1. You have been tasked with the responsibility of writing a 2500-word report, reviewing main ESBM concepts, learnt in class, and analysing a business case, looking at the achievements of aentrepreneur and examining her entrepreneurial spirit.

Task 2

Section 1:

1. Define what the concept of an entrepreneur is and provide some examples of different entrepreneurs in business.
2. Explore the type of entrepreneurial ventures and investigate the similarities and differences between them.

Section 2:

Examine the following case study:

JUNIQE - a lifestyle brand for curated and affordable wall art and home accessories. It's based in Berlin. They work with over 600 artists to create original posters, wrapping paper, notepads, and even shower curtains.

That is how its co-founder, Lea Lange described her reasons to be involved in this enterprise:
- I have always loved art and design, decorating and styling. JUNIQE was created because, although I knew a lot about these topics, there was nowhere I knew of to buy individual and affordable artwork. With furniture and other home accessories it's possible to buy products that vary in price, but this just wasn't the case with art. We decided to change this...

Investigate Lea Lange's activities and achievements in your report. Make sure that you cover the following areas:

1. Explain the difference between an entrepreneur and a manager.

2. Utilise the Big-5 Model and assess Lea Lange's entrepreneurial personality.

3. Utilise Maslow's Pyramid and determine if there is a correlation between entrepreneurial characteristics and entrepreneurial success.

4. Critically evaluate the influence (both positive and negative) that other factors have in fostering or hinder entrepreneurial success (your analysis should include education, financial status, and demographic factors).

Attachment:- Enterprise and Small Business Management.rar

Reference no: EM132577447

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