Management Research Methods - Assignment Example

A literature review is always considered as the central component of a research. In the context of this research it is expected that a huge volume of literature regarding Entrepreneurs and their features can be found on different sources. The sources include books, past research paper and scholarly articles, which can be from either online source or offline source. The topic which will be taken forward will be about entrepreneurship and only information pertaining to this will be taken into account.

There are several research articles on Entrepreneurship and Enterprise but the articles which will be taken into account is “Differentiating Entrepreneurs from small business owners: A Conceptualisation” (Carland et.al, 1984, p.354). While studying the references it has been recorded that each author emphasizes on different aspects of Entrepreneurship. An enterprise is a business organisation which is engaged in the exchange of goods and services for the sake of earning profit. An enterprise can be either profitable or non-profitable; it depends on the intention of the entrepreneur who is behind the enterprise.

Enterprise can be further classified as public-Enterprise or a private enterprise (Publish your Articles, n.d.). A public enterprise is a state controlled enterprise and on the contrary a private enterprise is owned by some individual or a group of individual. On the other hand an entrepreneur as defined first time in the history by Robert Cantillon in 1755 stating that an entrepreneur is the person linking the consumer and the manufacturer for the purpose of earning profit. (Definition of Entrepreneurship, n.d.).

The author of the article “Differentiating Entrepreneurs from small business owners: A Conceptualisation” stresses on the fact that there exists a difference between an entrepreneur and a manager. Accordingly he pointed out that the major difference lies in bearing risk by the entrepreneur. However Schumptor countered that risk taking is an obligation in ownership, therefore it is not considered as an attribute. An entrepreneur always applies innovation and other management practices strategically while the same is not present in case of the owner of a small business.

They also identified that there is a difference between small business and entrepreneurship, maybe there are some overlapping factors but the concept is not the same. An entrepreneurial firm may start at any size but the growth depends over time. In the article “Enterprise skill and enterprise learning” the author focuses on the fact that innovation and entrepreneurship has brought major technological changes and also contributed to the economic and social landscape of the developed countries.

According to the author industrial revolutions with steam engine and Electrification was a result of new innovations and also mentioned that presently we are undergoing the third industrial revolution with trademarks like IT, Telecommunication, Biotechnology, Robotics and Nanotechnology. The author also mentioned that Entrepreneurship skills are amalgamation of skills, attributes, beliefs and qualities which is gained by theoretical learning, following somebody as idol and through real life experiences (Ward, n.d.).

According to the author of the article titled “Entrepreneurs, the self employed and employees amongst young European Higher education graduate” that factors such as demography, professional background,