StudentShare
Contact Us
Sign In / Sign Up for FREE
Search
Go to advanced search...

Government Support for Entrepreneurs in the UK - Case Study Example

Comments (0) Cite this document
Summary
This case study demonstrates government support for entrepreneurs in the UK. This paper outlines the significance of entrepreneurship to the economy, culture, and management, describes the entrepreneurial element, different capitals, and myths about entrepreneurship…
Download full paper File format: .doc, available for editing
GRAB THE BEST PAPER96% of users find it useful
Government Support for Entrepreneurs in the UK
Read Text Preview

Extract of sample "Government Support for Entrepreneurs in the UK"

Download file to see previous pages An entrepreneur is a risk taker. He is a unique person in society with skills that are crucial for championing change. On the other hand, any individual who works as his own boss is considered as an entrepreneur. Entrepreneurship is a term that is often used interchangeably with innovation. Innovation can be referred to as an intentional process of change aimed at creating value by targeting opportunity and in quest of advantage. Entrepreneurship emphasizes the creation of new products and services, new production processes, new organizational structures and the invention of new markets. New entrepreneurial ideas are those that can be commercialized and should be able to contribute greatly to the development process of the entire society.
Entrepreneurship plays a very crucial part of the economic development process. Economic development is usually influenced to a great extent by entrepreneurial activities. Innovation propels the economic growth and development of any country. The level of economic performance relies hugely on the level of technology used by firms. Research and development, which is characteristic of entrepreneurship, provides a great thrust to technological advancements in companies and hence production efficiency. Neo-classical economics acknowledges that economic growth is as a result of enhancements to the basic factors of production such as labor and capital, which is the main objective of entrepreneurs. Entrepreneurship is characterized by competitive actions that spur market processes to success. The introduction of new activities in the market is essential for the development process of trade. Established firms, as well as new entrants in the market, develop new products that respond to the varying needs of consumers and thus contribute enormously to the development of the economy and betterment of the society (Wong et al 2005). Entrepreneurship and innovation are thus universal primary determinants of economic growth. ...Download file to see next pages Read More
Cite this document
  • APA
  • MLA
  • CHICAGO
(Government Support for Entrepreneurs in the UK Case Study, n.d.)
Government Support for Entrepreneurs in the UK Case Study. Retrieved from https://studentshare.org/politics/1595520-enterprise-development-culture-and-management
(Government Support for Entrepreneurs in the UK Case Study)
Government Support for Entrepreneurs in the UK Case Study. https://studentshare.org/politics/1595520-enterprise-development-culture-and-management.
“Government Support for Entrepreneurs in the UK Case Study”, n.d. https://studentshare.org/politics/1595520-enterprise-development-culture-and-management.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document

CHECK THESE SAMPLES OF Government Support for Entrepreneurs in the UK

Entrepreneurs

...? xxxxx No. 12345 ENTREPRENEURS RESEARCH ABC Xxxxx xxxx College Department of xxxx xxxxx 28 April, Table of Contents Contents Page No James Caan: Entrepreneur 03 Madam C.J. Walker: Hair-care Entrepreneur 04 Richard Branson: Virgin 06 James Dyson: Dyson Inventor 07 Anita Roddick: Founder of “The Bodyshop” 08 Julian Richer: Richer Sounds 09 Kanya King: Founder MOBO Awards 10 Sir Richard Arkwright: Industrialist 11 Alexander Fleming 12 Bibliography 13 James Caan: Entrepreneur If some one asks who is the most dynamic and successful enterprenuer of UK right now, the instant reply is James Caan. He is the founder of Hamilton Bradshaw and presently acting there as CEO. The company established in 2004, has several areas of operations like buyout...
10 Pages (2500 words) Coursework

UK Government Policies

... performing to the level that they had huge debts. This practice however is very common in the USA and some examples include the closing of Washington the sale to JPMorgan (Giudice, 2012). In some cases a few banks could not be sold and so the government decided to take over them by nationalization. For example in the UK the government nationalized many banks and took over some by buying through common stock. Common stock gave them the right to owner ship of some of the largest banks in the UK like Royal Bank of Scotland and Lloyds (Giudice, 2012). To recover from this financial crisis, the government of the United Kingdom came out with different schemes. One of the schemes was known as the recapitalization program. Under this scheme...
6 Pages (1500 words) Essay

Serial Entrepreneurs: A Unique Breed of Entrepreneurs

m the front and not so good at being in the background making sure the machinery works.” Other researchers claimed that they are usually the leaders and unusually skilled at communicating and inspiring an idea. Birley and Westhead (1993) believe that serial entrepreneurs are often young when they embark on their first venture and are degree holders. According to Welsch (2003), they are generally younger than other entrepreneurs, more probably spent their own resources at the opening of their ventures, more probably have role models, and more probably keeping a tradition alive. Westhead and Wright (1998) stated that serial entrepreneurs are apparently interested in gaining financially or building up wealth and achieving credit for...
10 Pages (2500 words) Dissertation

UK Government Online

The concept of e-Government was born was originated way back in 1996 and has taken so many turns until today. But the architectural framework that connects government information and services was for its e-government programme is released in 2001. The key features of this architectural framework are 1. Portals that aggregate all government information and services in one place (The UK online) or aggregate them with the information and services of relevant third parties. The portals can be accessed via the internet or indirectly using UK online centers, call centers or other intermediaries. 2. A Government gateway. The gateway provides the necessary security and authentication to enable different parts of government to conduct secu...
10 Pages (2500 words) Essay

UK Central Government

...How has the UK central government tried to control local governments in recent years Introduction: Within the UK, the role of the central government and government agencies is to implement policies and advise the ministers. The central government works in association with local governments and councils, local authorities, non-departmental public bodies, and other government-sponsored organisations. Central and local departments go through major changes if there are related changes in government policies. Certain departments as the Ministry of Defence involve the whole of UK whereas certain others such as work and pensions or Department of Education are applicable within England and Wales only. Most such departments are led by ministers...
7 Pages (1750 words) Essay

Government and its Policies for Entrepreneurs

The legislations made with respect to entrepreneurs and enterprises are complicated and cumbersome. Entrepreneurs find these legislations difficult to grasp without the help of proper legal help. They think that legislations should be made in a way that they are easy to understand and follow by everyone.
Also some critics of government believe that its policies have hurt the economy and market structures. By holding on to the status quo government has stifled entrepreneurial activities. People believe that government needs to do more to help them succeed in their enterprising efforts. "The American economy is dying, but not from natural causes. It is being strangled to death in a coordinated pincer attack. America's ability t...
8 Pages (2000 words) Essay

Entrepreneurs

Also, the theoretical evaluations and research the entrepreneur has done before setting up the enterprise are bound to differ. Thus, many enterprise fail and this has made entrepreneurship often a difficult and tricky.
Many theories abound Entrepreneurship, Entrepreneur and Enterprise and a lot of events in the industry complement these theories. Specifically, the Enterprise in Events is one of the fastest growing in the serviced sector and much of the growth is accelerated by the growth of small and medium sized enterprises. There are several kinds of event planning. The list includes celebrations such as fairs, parades, weddings, reunions, birthdays and education related events such as conferences, meetings, graduations and...
8 Pages (2000 words) Essay

Entrepreneurs

...Entrepreneurs Entrepreneurs The debate on the entrepreneurial concept starts from the definition of entrepreneur that is ed to various views. The prominent definition is proposed by Tomczyk, Lee and Winslow (2012) who suggest that an entrepreneur is a person who operates a new venture and becomes accountable for the inherent risks. No potential entrepreneur would want to fail; all they emulate are the successful entrepreneurs such as Steve Case, the AOL founder and former CEO, or Richard Branson of the Virgin Group of Companies. Some of the three critical characteristics of an entrepreneur include focus, creativity and risk-taking. With the successes gathered by high level entrepreneurs who barely attained a high school education...
1 Pages (250 words) Essay

Entrepreneurs

.... Government regulations: It is impossible for entrepreneurs to develop an innovative venture under strict regulations. Hence, government regulations should be supportive towards entrepreneurial development. Alongside the positive factors, there are certain negative factors that deter entrepreneurial development: Family: To every individual, family is an important component of motivation. When family disapproves of entrepreneurial initiative, it may the individual to give up on the venture. Risk-aversion: Several people prefer traditional jobs over innovative ventures because they choose to avoid risk. Restricted business environment: It is difficult for an entrepreneur to operate in restricted environment with strict business regulations...
4 Pages (1000 words) Essay

The Fact about UK Chocolate Market

Chocolate is the UK’s favorite impulse snack. Consumer’s eating habits and lifestyles are constantly changing as people due to busy life schedules depend mostly on chocolates and short snacks to make up for missed meals. Even though few have concerns and awareness about sugar and fat in chocolate, they regard it to be an affordable daily treat. Women play a major role in the chocolate market as they are the largest purchasers of chocolates either for home consumption or for giving the gift. The most remarkable fact about the UK chocolate market is that people over 55years of age consume chocolate worth 700 pounds every year, which accounts to be 21% of the total chocolate consumption.

For a new chocolate bra...
9 Pages (2250 words) Case Study

Bad Habits of Young Teenagers in the UK

Among many families in the United Kingdom, one family over two consumes alcohol, or smoke or even are into drugs which definitely have an impact over the child. However, only parents’ influence does not limit to the contribution of the teenager have such habits, but also to there is peer pressure, television advertisements and they want to try something new that always crop into the mind of the child and managing in persuading him to make use of these products.

Smoking can be classified as a cigarette, seed leaves smoking and many other diverse products that have adverse effects on the health of a person. Cigarette smoking among teens has been on a sharp increase recently and it was initially triggered for reasons...
6 Pages (1500 words) Essay

Strategies of the South African Government

Maslow has argued that security and safety are required by all human beings (Boeree 2006). According to the Federation Internationale de Football Association (2009), Uruguay was the first nation to host the Fifa World Cup. In 2010, South Africa would be the first African nation to host the next World Cup. But Euromonitor (2009) considers that South Africa is a country with a significant rate of insecurity that would influence the trip to South Africa. Various security strategies will have to be reviewed by the South African Government in order to implement security and safety during this big event (Republic of South Africa, 2008). To accomplish the safety of the tourists during the World Cup 2010, many South African cities have in...
17 Pages (4250 words) Research Proposal

UK Employment Policy

Analysts explain that this situation is not simply because citizens don’t want to exercise this fundamental right, but largely because of the continued failure of the governments to institute an effective implementation of employment policies put in place (Howell, 2005). It has clearly been demonstrated by Mathew (2006) that the United Kingdom government has shown a lot of unwillingness in tackling the reported unemployment crisis.

Available research findings reveal that there are high unemployment rates among UK born ethnic minorities which show great diversities. According to a 2001 report, it is shown that unemployment rates amongst UK born men and women from black, Bangladeshi and Pakistani ethnic groups were...
9 Pages (2250 words) Case Study

Benefit of Partnership to Company, Trade Union and Government

The John Lewis model of partnership states that the ultimate purpose of business is the happiness of all its members. Hence, when partners “share the responsibilities of ownership as well as its rewards of profit, knowledge, and power”, it is mutually beneficial to all members of the organization (ILO, 1996). The partnership can be a part of the commitment to pluralism and also a part of the non-union agenda (Bacon & Storey, 2000). The national agreement Partnership 2000 defines workplace partnership as “an active relationship based on recognition of common interest to secure the competitiveness, viability, and prosperity of the enterprise” (Doherty, 2008). The interest in the partnership has arisen due...
6 Pages (1500 words) Case Study

Role of Female Entrepreneurs in the UK

... and has fewer competitors. They are more likely to be using technology in their products or services than their male counterparts. Females are more interested towards offering services with 48% of female entrepreneurs operating in the service sector. For male entrepreneurs, this is 36%. There are differences amongst levels of female entrepreneurship even at the regional level. Usually the level is high in regions or countries where strong emphasis is placed on female participation and support is provided by government or other organizations. In the South East region in UK, there are currently 165,000 female entrepreneurs. Compared to male entrepreneurial activity, female entrepreneurial activity is higher in certain regions. These include...
16 Pages (4000 words) Research Paper

The Relationship Between Citizen and Government

There are arguments between the advocates of universal and abstract principles and, the proponents of virtuous living. Onora ONeill traces this stalemate to faults in fundamental notions of reasoning about action. She recommends and builds a linked explanation of the principles that are fundamental for moving in the direction of just institutions and virtuous lives based on ethical thinking. (O’Neill, 1996)

The work of John Rawls mainly concentrates on the social institutions and virtues of the society namely, social justice, political liberty, and equality. In his work, Rawls’ has called justice as the “basic structure of the society” (Rawls, 1999, p. 7). Each individual enjoys a basic level of...
7 Pages (1750 words) Essay

Contrast of Two Explanations of Social Disorder in Contemporary UK Society

As the process of urbanization takes off and more people start residing in major cities, the fissures start to appear within the apparent harmonious co-existence. There are several reasons why disorderly conduct on part of individuals and groups takes place. Sociologists have proposed numerous theories explaining this phenomenon.

Erving Goffman was an astute observer of society, who immersed himself in the social environment which he was studying. He carefully observed and recorded the ways in which people’s behavior and interpersonal interactions are carried out in everyday life. He notes that “people perform their social roles and, as they do so, they produce social order through their actions and the regu...
6 Pages (1500 words) Article

The Key Macro Factors that Have Influenced the UK Grocery Retailing Industry since the Early 1960s

Johnson et al highlight that external macro-economic factors intrinsically impact strategy management and without accounting for macroeconomic factors in strategy development and management, a business will fail (Johnson et al, 2008, p.3). If we consider this contextually with regard to the UK grocery market; the move demise of the local high street store to the dominance of supermarkets in the past 20 years has radically transformed the grocery market ( Henry, 2008, p.77). For example, the DEFRA Economic Note on UK Grocery Retailing (2006) indicates that in addition to continued growth in the UK Grocery Retail sector; approximately “3/4 sales are made in supermarkets and superstores… with traditional small retailers...
13 Pages (3250 words) Assignment

The History of Regulations on Corporate Governance: Comparison between UK and USA

Corporate governance relates to the distribution of rights and obligations among stakeholders in an organization. The different practices around the world, however, have made it virtually impossible to provide a universal definition of corporate governance. The current global financial crisis is perceived to be a result of “a crisis in corporate governance”. The global penetration of Anglo-American institutions of governance and markets have given rise to a number of doubts about the effectiveness of the Anglo-American corporate governance model.

As a result, there is considerable debate over whether world economies will gravitate toward adopting a common Anglo-American corporate governance structure or will...
84 Pages (21000 words) Dissertation

How Successfully Has the British Government in Running the British Economy over the Last Two Years

There were several issues confronting the British government since the time of the financial crisis, which had lead to the collapse of some of the largest banks in the nation. Government deficits had also increased considerably during that time and the situation of employment was worse than ever. The project tries to make an analysis of the steps taken by the British government in combating such serious issues. It also tries to gauge the extent to which the programs have been effective in mobilizing the British economy.

One of the major policies undertaken by the British Government in the last two years was fiscal decentralization. The government has taken steps to ensure that improvement is made in the country’s...
7 Pages (1750 words) Coursework
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.

Let us find you another Case Study on topic Government Support for Entrepreneurs in the UK for FREE!

Contact Us