Management Entrepreneurship in the Contemporaneous Term Paper

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First of all, they are aimed to remove any barriers from the path to formation of an entrepreneur. This could easily refer to an increased and easier access to education or the removal of discriminatory practices. The second set of initiatives is oriented towards the specialization of the entrepreneurs and could refer to specialized courses, training or the sharpening of the senses and the skills it takes to become a good entrepreneur.

E: Example: the list of examples in the field of entrepreneurs' initiatives is rather broad, moreover since the contemporary business and scholarly communities are increasingly focused on the role and responsibilities of the entrepreneur. The Ewing Marion Kauffman Foundation has set the basis for numerous such initiatives, the most relevant examples in this sense being offered by the Advancing Innovation Initiative, the Initiative for Closing the Gap for Women and Minority Entrepreneurs or the Urban Entrepreneur Partnership Initiative.

2.3 Entrepreneurs and Small business

T: Topic sentence: The concept of entrepreneurship has often been assimilated with the management of small businesses, however, certain particularities exist and they reveal the difference between the two organizational forms.

E: Explain what it is: The management of small businesses refers to the actions implemented in order to successfully administrate an independent small size entity.

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Entrepreneurship on the other hand refers to the actions taken to cease an opportunity, to research more or to implement various strategies that ensure the gaining of a comparative advantage and ensure a most successful outcome.

E: Example: The examples for the small business management in comparison to the entrepreneurship basically revolve around the features that differentiate the two, such as size, risks, sector or growth. In this particular instance, in terms of size and risks, entrepreneurships can be small, medium or large and involve fluctuating levels of risk, whereas SMB can only be small and generally face limited risks. In terms of sector and growth, the entrepreneurship can be found in all private, public or non-profit, and it is centred on high levels of growth, whereas SMB is only private and has variable growth focus.

3. Conclusions

Entrepreneurship refers to the art and science of developing and implementing the most suitable strategies with the available resources, in the given circumstances and with the present risks in the hope of retrieving the most beneficial outcomes. It can be found at every level, at every size and it is driven by innovation and determination.

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