There has been growth in the number of UMKM (Micro, Small and Medium Enterprises) and large businesses in Indonesia from 2012-2017:
- UMKM accounted for over 99% of all businesses each year and saw steady increases in numbers. Micro enterprises made up over 98% of UMKM.
- Large businesses accounted for under 0.1% of all businesses but saw small increases in numbers each year.
- While UMKM grew in number and importance for the economy, large businesses still played a role though making up a tiny fraction of total businesses.
A public limited company is a large company that sells shares to the public and has shareholders that bear responsibility for company debts, not individual owners. It raises capital by convincing people to buy shares. Private limited companies are usually small, run by friends/family, and shares are not publicly sold. Social enterprises are businesses that reinvest profits into their social missions rather than paying shareholders. They use subsidies to benefit communities in need.
The document discusses different types of entrepreneurial ventures including public limited companies, private limited companies, and social enterprises. It also discusses ventures based on size (micro, small, medium, and large businesses) and ownership (public and private corporations). Some key differences are noted - public companies can sell shares publicly while private companies cannot; social enterprises aim to benefit the community while other ventures aim to generate profit. The growth of MSMEs and large businesses in Indonesia from 2012-2017 is also presented, showing MSMEs accounting for over 99% of all businesses.
This document discusses different types of entrepreneurial ventures and their characteristics. It begins by defining private companies, private limited companies, and providing an example. It then defines and gives an example of a public limited company. Next, it defines and gives an example of a social enterprise. It proceeds to discuss business size categories (micro, small, medium, large), providing definitions and examples for each. It then analyzes growth in MSMEs and large businesses from 2012-2017 based on data from the Ministry of Cooperatives and SMEs. Finally, it examines the relationships between entrepreneurial ventures and typologies of entrepreneurship.
This document provides an overview of different types of entrepreneurial ventures including private companies, social enterprises, size (micro, small, medium, large), and public corporate ventures. Examples are given for each type, such as PT Tirta Alam Semesta for a private limited company and Bank Mandiri for a public corporate. The objectives of each type are also outlined, for instance profit maximization for private companies and customer loyalty for medium sized businesses. Corporate, technical and social types of entrepreneurship are briefly introduced at the end.
This document discusses the social economy and the importance of entrepreneurship and startups. It defines the social economy as organizations that are for-profit but share surplus with members, and are neither private businesses nor public sector organizations. Startups are important for job creation and economic growth. Examples provided of startups impacting the social economy are Garda Pangan in Indonesia, which collects and redistributes leftover food, and Khan Academy, which provides free educational resources online.
This lecture discusses different types of entrepreneurial ventures including:
- Ventures based on business structure (social enterprise, private limited enterprise, public limited enterprise)
- Ventures based on size (micro, small, medium, large enterprises)
- Ventures based on ownership (public vs private corporations)
It also examines the relationship between different typologies of entrepreneurship (corporate, technology, social) and entrepreneurial ventures. Finally, it provides data showing that over 99% of businesses in Indonesia are SMEs, with limited growth from 2012-2017, posing challenges for the economy.
This document discusses different types of business entities including private limited enterprises, public limited enterprises, social enterprises, micro, small and medium enterprises, and corporations.
A private limited enterprise is a company with more than one shareholder where shares can only be sold to known existing shareholders. A public limited enterprise can sell shares to the public to raise more capital for growth. Social enterprises identify social problems and create businesses to increase social impact. Micro, small and medium enterprises are defined based on asset size and number of employees. Corporations can be public, owned by government, or private.
This document provides an overview of entrepreneurial ventures including ownership of business, type of business, size of business, typology of entrepreneur, and similarities and differences between entrepreneurial ventures. It discusses the different types of business ownership including public, private corporations, and individual companies. It also examines the types of businesses such as private limited, public limited, and social enterprises. It analyzes business size from micro, small, medium, to large. Typologies of entrepreneurs include social, technological, and corporate entrepreneurs. Finally, it compares the similarities and differences between entrepreneurial ventures in terms of size, type, and ownership and provides a critical analysis.
A public limited company is a large company that sells shares to the public and has shareholders that bear responsibility for company debts, not individual owners. It raises capital by convincing people to buy shares. Private limited companies are usually small, run by friends/family, and shares are not publicly sold. Social enterprises are businesses that reinvest profits into their social missions rather than paying shareholders. They use subsidies to benefit communities in need.
The document discusses different types of entrepreneurial ventures including public limited companies, private limited companies, and social enterprises. It also discusses ventures based on size (micro, small, medium, and large businesses) and ownership (public and private corporations). Some key differences are noted - public companies can sell shares publicly while private companies cannot; social enterprises aim to benefit the community while other ventures aim to generate profit. The growth of MSMEs and large businesses in Indonesia from 2012-2017 is also presented, showing MSMEs accounting for over 99% of all businesses.
This document discusses different types of entrepreneurial ventures and their characteristics. It begins by defining private companies, private limited companies, and providing an example. It then defines and gives an example of a public limited company. Next, it defines and gives an example of a social enterprise. It proceeds to discuss business size categories (micro, small, medium, large), providing definitions and examples for each. It then analyzes growth in MSMEs and large businesses from 2012-2017 based on data from the Ministry of Cooperatives and SMEs. Finally, it examines the relationships between entrepreneurial ventures and typologies of entrepreneurship.
This document provides an overview of different types of entrepreneurial ventures including private companies, social enterprises, size (micro, small, medium, large), and public corporate ventures. Examples are given for each type, such as PT Tirta Alam Semesta for a private limited company and Bank Mandiri for a public corporate. The objectives of each type are also outlined, for instance profit maximization for private companies and customer loyalty for medium sized businesses. Corporate, technical and social types of entrepreneurship are briefly introduced at the end.
This document discusses the social economy and the importance of entrepreneurship and startups. It defines the social economy as organizations that are for-profit but share surplus with members, and are neither private businesses nor public sector organizations. Startups are important for job creation and economic growth. Examples provided of startups impacting the social economy are Garda Pangan in Indonesia, which collects and redistributes leftover food, and Khan Academy, which provides free educational resources online.
This lecture discusses different types of entrepreneurial ventures including:
- Ventures based on business structure (social enterprise, private limited enterprise, public limited enterprise)
- Ventures based on size (micro, small, medium, large enterprises)
- Ventures based on ownership (public vs private corporations)
It also examines the relationship between different typologies of entrepreneurship (corporate, technology, social) and entrepreneurial ventures. Finally, it provides data showing that over 99% of businesses in Indonesia are SMEs, with limited growth from 2012-2017, posing challenges for the economy.
This document discusses different types of business entities including private limited enterprises, public limited enterprises, social enterprises, micro, small and medium enterprises, and corporations.
A private limited enterprise is a company with more than one shareholder where shares can only be sold to known existing shareholders. A public limited enterprise can sell shares to the public to raise more capital for growth. Social enterprises identify social problems and create businesses to increase social impact. Micro, small and medium enterprises are defined based on asset size and number of employees. Corporations can be public, owned by government, or private.
This document provides an overview of entrepreneurial ventures including ownership of business, type of business, size of business, typology of entrepreneur, and similarities and differences between entrepreneurial ventures. It discusses the different types of business ownership including public, private corporations, and individual companies. It also examines the types of businesses such as private limited, public limited, and social enterprises. It analyzes business size from micro, small, medium, to large. Typologies of entrepreneurs include social, technological, and corporate entrepreneurs. Finally, it compares the similarities and differences between entrepreneurial ventures in terms of size, type, and ownership and provides a critical analysis.
This document discusses different types of entrepreneurial ventures including ownership of businesses, types of businesses, size of businesses, and typologies of entrepreneurs. It provides examples for each category. The main similarities between entrepreneurial ventures are that they all aim to satisfy customer needs. The main differences are in ownership structure, goals based on size, and focus areas for different entrepreneur typologies such as social, technological, or corporate entrepreneurs. Social entrepreneurs focus on social impact while technological entrepreneurs focus on new technologies. Corporate entrepreneurs work within existing large companies to improve and expand business operations.
This document discusses different types of entrepreneurial ventures including business structures, size, and ownership. It provides details on private limited companies, public limited companies, social enterprises, micro, small, medium, and large businesses, and public and corporate sector enterprises. It also discusses corporate entrepreneurship and examples of organizations that practice it including Motorola, Mitsubishi, and 3M.
The Roles of Government And Banks in Entrepreneurship Financing in Nigeriascmsnoida5
The industrialization policy of most developed
and developing nations in the past laid emphasis
on economy of scale which is a concept that
emphasizescost effectiveness through large scale
production. This idea which holds the view that
large scale corporations were the pillar stone of
the modern economy prevailed for greater part
of the 20th century. In recent times, however,
this idea has changed and the importance of
small and medium scale enterprises- SMEs as
the bedrock of industrial development is gaining
prominence. Entrepreneurship development is a
concept concerned with the formation, financing,
growth and expansion of business enterprises
most especially small and medium scale in
an economy with the objective of achieving
economic growth and development.In Nigeria,
since independence, and since when the idea of
entrepreneurship development was introduced in
the 1970s and 1980s, various programmes and
policies were created by successive governments over the years for the development and financing
of enterprises to improve the economy. Also,
financial institutions, most especially the banks
have important roles to play in the development
and financing of entrepreneurship in the country.
Financing is one of the necessary prerequisites for
SMEs development; lack of finance represents a
major obstacle to their growth and development.
This write up will be an attempt to look into
the roles of both government and banks in
entrepreneurship development and financing in
achieving economic growth and development
in Nigeria. Relevant literature was reviewed
in the formulation of this write up. The main
source of informationused is secondary method
of data collection.The paper revealed that most
of the various programmes, policies and schemes
created by the government for the development
and financing of entrepreneurship were either
now moribund or have failed to meet up with
the purpose for which they were established. The
paper concludes that entrepreneurship is the need
of the day, therefore, authorities and the banks
should actively involve themselves in this task.
The small and medium enterprise sector in the country is being irrigated with unique ideas and dauntless effort. "India, standalone, is being seen by global players as a centre for mass action" says Kavi Arora. Read more.
The document discusses the role of government in promoting entrepreneurship. It outlines various ways the government supports entrepreneurs, including providing financial assistance, training programs, marketing assistance, promotional schemes, credit facilities, and policies to support small and medium enterprises. The government aims to develop a culture of entrepreneurship through integrating it into education, encouraging risk-taking, and national campaigns.
Startup India is an initiative of the Government of India.
The campaign was first announced by Indian Prime Minister, Narendra Modi during his 15 August 2015 address from the Red Fort, in New Delhi. The action plan of this initiative, is based on the following three pillars:
i )Simplification and Handholding.
ii) Funding Support and Incentives.
iii) Industry-Academia Partnership and Incubation.
An additional area of focused relating to this initiative, is to discard restrictive States Government policies within this domain, such as License Raj, Land Permissions, Foreign Investment Proposals, and Environmental Clearances. It was organized by The Department of Industrial Policy and Promotion (DIPP)
A startup defined as an entity that is headquartered in India, which was opened less than seven years ago, and has an annual turnover less than ₹25 crore (US$3.5 million).[3] Under this initiative, the government has already launched the I-MADE program, to help Indian entrepreneurs build 1 million mobile app start-ups, and the MUDRA Banks scheme (Pradhan Mantri Mudra Yojana), an initiative which aims to provide micro-finance, low-interest rate loans to entrepreneurs from low socioeconomic backgrounds.[4] Initial capital of ₹200 billion (US$2.8 billion) has been allocated for this scheme.
The presentation covers, Profile of Start-ups, Start-up Ecosystem, Issues and Challenges faced by Start-ups,Opportunities available for Start-ups, Government Initiatives,Valuations of few Start-ups,Reasons for failure of Start-ups etc.
The document discusses the role of entrepreneurship in India's economic development. It defines entrepreneurship as the process of establishing and developing a new enterprise by converting an idea into implementation. Entrepreneurship and entrepreneurs are crucial for economic development as they help create new businesses and jobs. The Indian government supports entrepreneurship through various programs and institutions that aim to generate new sources of income, help earn foreign exchange, and create a suitable environment for industrial and business growth, thereby contributing to national economic development.
This document provides an overview of entrepreneurship and entrepreneurial characteristics. It defines an entrepreneur as someone who recognizes opportunities, raises resources, and takes on risks to exploit opportunities. Key characteristics of successful entrepreneurs discussed include ambition, enthusiasm, creativity, decision-making ability, perseverance, and being a self-confident planner. Examples are given of entrepreneurs who demonstrated these traits, such as Steve Jobs of Apple. The document also distinguishes entrepreneurs from managers, noting that entrepreneurs take more risks as owners while managers are employees focused on implementation.
Businesses can take many forms and operate in various sectors of the economy. The most common types of business ownership structures include sole proprietorships, partnerships, corporations, cooperatives, and franchises. Each structure has different legal and tax implications. Businesses produce goods and services to earn profit and can operate in sectors like agriculture, finance, entertainment, manufacturing, real estate, retail, transportation, utilities, and services.
India has a large young population and growing middle class, representing significant opportunities for entrepreneurship. With over 400 million people under age 35 and domestic consumption doubling in many sectors, India offers both a huge domestic market as well as access to the global market. Entrepreneurship will be key to capitalizing on these opportunities, generating employment, and driving economic growth. There are already many government and private programs in place to support entrepreneurship development through training, funding, and education.
This document discusses various sources of finance for businesses. It identifies external and internal sources of finance. External sources include issuing shares, debentures, accepting public deposits, and taking loans from financial institutions and banks. Internal sources include retained profits that are reinvested in the business. Long term sources are used for fixed capital needs and include equity, debt, and retained profits. Short term sources like loans and deposits are used for working capital needs.
Journey from a Startup to an enterpriseRajagopalan V
Running a startup is tough. Making it successful is much tougher and involves much more than the individual entrepreneur. As a first step, I have tried to put a process to the growth phases one would go through from a startup to becoming a company earning money and what one needs to watch for along the way to success.
The document discusses various aspects of starting a business in India through the Startup India initiative. It provides an introduction to Startup India and what startups mean. It explains the key points of starting a startup like registration process, eligibility criteria, sources of funding available like bootstrapping, crowdfunding, angel investors, venture capital, and banks. It also highlights the opportunities for startups in India like developing locally produced goods to reduce imports, large domestic market, and favorable environment being created by the government.
Support system and its role in entrepreneurial development in India..shadabjamia88
This is a dissertation on Support system and its role in Entrepreneurial development in India....
it was prepared by HASEEB AHMAD SHADAB, A STUDENT OF MASTER OF FINANCE AND CONTROL MFC, IN ALIGARH MUSLIM UNIVERSITY ALIGARH U.P.
Entrepreneurship and project managementchumantrakali
The document discusses the roles of various financial institutions in promoting entrepreneurship in India. It describes the National Institute for Entrepreneurship and Small Business Development (NIESBUD) which aims to support entrepreneurship through training programs and materials. It also outlines the roles of the Small Industries Service Institute (SISI) and District Industries Centre (DIC) in providing technical support, information and incentives to entrepreneurs.
This document provides an overview of different types of entrepreneurial ventures including private companies, social enterprises, sizes of businesses, typology of entrepreneurship, and public corporations. It defines each type and provides examples. It discusses the objectives and similarities/differences between private limited companies, public limited companies, and social enterprises. It also analyzes data on the growth of MSMEs and large businesses in Indonesia from 2012-2017, finding that MSMEs grew significantly while large businesses grew modestly and micro businesses saw the largest increases.
Assignment Sample of Unit 9 Entrepreneurship and Small Business Management
If you want to make your own customize assignment please visit: https://topnotchresearch.org/services/
This document discusses different types of entrepreneurial ventures including ownership of businesses, types of businesses, size of businesses, and typologies of entrepreneurs. It provides examples for each category. The main similarities between entrepreneurial ventures are that they all aim to satisfy customer needs. The main differences are in ownership structure, goals based on size, and focus areas for different entrepreneur typologies such as social, technological, or corporate entrepreneurs. Social entrepreneurs focus on social impact while technological entrepreneurs focus on new technologies. Corporate entrepreneurs work within existing large companies to improve and expand business operations.
This document discusses different types of entrepreneurial ventures including business structures, size, and ownership. It provides details on private limited companies, public limited companies, social enterprises, micro, small, medium, and large businesses, and public and corporate sector enterprises. It also discusses corporate entrepreneurship and examples of organizations that practice it including Motorola, Mitsubishi, and 3M.
The Roles of Government And Banks in Entrepreneurship Financing in Nigeriascmsnoida5
The industrialization policy of most developed
and developing nations in the past laid emphasis
on economy of scale which is a concept that
emphasizescost effectiveness through large scale
production. This idea which holds the view that
large scale corporations were the pillar stone of
the modern economy prevailed for greater part
of the 20th century. In recent times, however,
this idea has changed and the importance of
small and medium scale enterprises- SMEs as
the bedrock of industrial development is gaining
prominence. Entrepreneurship development is a
concept concerned with the formation, financing,
growth and expansion of business enterprises
most especially small and medium scale in
an economy with the objective of achieving
economic growth and development.In Nigeria,
since independence, and since when the idea of
entrepreneurship development was introduced in
the 1970s and 1980s, various programmes and
policies were created by successive governments over the years for the development and financing
of enterprises to improve the economy. Also,
financial institutions, most especially the banks
have important roles to play in the development
and financing of entrepreneurship in the country.
Financing is one of the necessary prerequisites for
SMEs development; lack of finance represents a
major obstacle to their growth and development.
This write up will be an attempt to look into
the roles of both government and banks in
entrepreneurship development and financing in
achieving economic growth and development
in Nigeria. Relevant literature was reviewed
in the formulation of this write up. The main
source of informationused is secondary method
of data collection.The paper revealed that most
of the various programmes, policies and schemes
created by the government for the development
and financing of entrepreneurship were either
now moribund or have failed to meet up with
the purpose for which they were established. The
paper concludes that entrepreneurship is the need
of the day, therefore, authorities and the banks
should actively involve themselves in this task.
The small and medium enterprise sector in the country is being irrigated with unique ideas and dauntless effort. "India, standalone, is being seen by global players as a centre for mass action" says Kavi Arora. Read more.
The document discusses the role of government in promoting entrepreneurship. It outlines various ways the government supports entrepreneurs, including providing financial assistance, training programs, marketing assistance, promotional schemes, credit facilities, and policies to support small and medium enterprises. The government aims to develop a culture of entrepreneurship through integrating it into education, encouraging risk-taking, and national campaigns.
Startup India is an initiative of the Government of India.
The campaign was first announced by Indian Prime Minister, Narendra Modi during his 15 August 2015 address from the Red Fort, in New Delhi. The action plan of this initiative, is based on the following three pillars:
i )Simplification and Handholding.
ii) Funding Support and Incentives.
iii) Industry-Academia Partnership and Incubation.
An additional area of focused relating to this initiative, is to discard restrictive States Government policies within this domain, such as License Raj, Land Permissions, Foreign Investment Proposals, and Environmental Clearances. It was organized by The Department of Industrial Policy and Promotion (DIPP)
A startup defined as an entity that is headquartered in India, which was opened less than seven years ago, and has an annual turnover less than ₹25 crore (US$3.5 million).[3] Under this initiative, the government has already launched the I-MADE program, to help Indian entrepreneurs build 1 million mobile app start-ups, and the MUDRA Banks scheme (Pradhan Mantri Mudra Yojana), an initiative which aims to provide micro-finance, low-interest rate loans to entrepreneurs from low socioeconomic backgrounds.[4] Initial capital of ₹200 billion (US$2.8 billion) has been allocated for this scheme.
The presentation covers, Profile of Start-ups, Start-up Ecosystem, Issues and Challenges faced by Start-ups,Opportunities available for Start-ups, Government Initiatives,Valuations of few Start-ups,Reasons for failure of Start-ups etc.
The document discusses the role of entrepreneurship in India's economic development. It defines entrepreneurship as the process of establishing and developing a new enterprise by converting an idea into implementation. Entrepreneurship and entrepreneurs are crucial for economic development as they help create new businesses and jobs. The Indian government supports entrepreneurship through various programs and institutions that aim to generate new sources of income, help earn foreign exchange, and create a suitable environment for industrial and business growth, thereby contributing to national economic development.
This document provides an overview of entrepreneurship and entrepreneurial characteristics. It defines an entrepreneur as someone who recognizes opportunities, raises resources, and takes on risks to exploit opportunities. Key characteristics of successful entrepreneurs discussed include ambition, enthusiasm, creativity, decision-making ability, perseverance, and being a self-confident planner. Examples are given of entrepreneurs who demonstrated these traits, such as Steve Jobs of Apple. The document also distinguishes entrepreneurs from managers, noting that entrepreneurs take more risks as owners while managers are employees focused on implementation.
Businesses can take many forms and operate in various sectors of the economy. The most common types of business ownership structures include sole proprietorships, partnerships, corporations, cooperatives, and franchises. Each structure has different legal and tax implications. Businesses produce goods and services to earn profit and can operate in sectors like agriculture, finance, entertainment, manufacturing, real estate, retail, transportation, utilities, and services.
India has a large young population and growing middle class, representing significant opportunities for entrepreneurship. With over 400 million people under age 35 and domestic consumption doubling in many sectors, India offers both a huge domestic market as well as access to the global market. Entrepreneurship will be key to capitalizing on these opportunities, generating employment, and driving economic growth. There are already many government and private programs in place to support entrepreneurship development through training, funding, and education.
This document discusses various sources of finance for businesses. It identifies external and internal sources of finance. External sources include issuing shares, debentures, accepting public deposits, and taking loans from financial institutions and banks. Internal sources include retained profits that are reinvested in the business. Long term sources are used for fixed capital needs and include equity, debt, and retained profits. Short term sources like loans and deposits are used for working capital needs.
Journey from a Startup to an enterpriseRajagopalan V
Running a startup is tough. Making it successful is much tougher and involves much more than the individual entrepreneur. As a first step, I have tried to put a process to the growth phases one would go through from a startup to becoming a company earning money and what one needs to watch for along the way to success.
The document discusses various aspects of starting a business in India through the Startup India initiative. It provides an introduction to Startup India and what startups mean. It explains the key points of starting a startup like registration process, eligibility criteria, sources of funding available like bootstrapping, crowdfunding, angel investors, venture capital, and banks. It also highlights the opportunities for startups in India like developing locally produced goods to reduce imports, large domestic market, and favorable environment being created by the government.
Support system and its role in entrepreneurial development in India..shadabjamia88
This is a dissertation on Support system and its role in Entrepreneurial development in India....
it was prepared by HASEEB AHMAD SHADAB, A STUDENT OF MASTER OF FINANCE AND CONTROL MFC, IN ALIGARH MUSLIM UNIVERSITY ALIGARH U.P.
Entrepreneurship and project managementchumantrakali
The document discusses the roles of various financial institutions in promoting entrepreneurship in India. It describes the National Institute for Entrepreneurship and Small Business Development (NIESBUD) which aims to support entrepreneurship through training programs and materials. It also outlines the roles of the Small Industries Service Institute (SISI) and District Industries Centre (DIC) in providing technical support, information and incentives to entrepreneurs.
This document provides an overview of different types of entrepreneurial ventures including private companies, social enterprises, sizes of businesses, typology of entrepreneurship, and public corporations. It defines each type and provides examples. It discusses the objectives and similarities/differences between private limited companies, public limited companies, and social enterprises. It also analyzes data on the growth of MSMEs and large businesses in Indonesia from 2012-2017, finding that MSMEs grew significantly while large businesses grew modestly and micro businesses saw the largest increases.
Assignment Sample of Unit 9 Entrepreneurship and Small Business Management
If you want to make your own customize assignment please visit: https://topnotchresearch.org/services/
TLE 504 - Introduction to Entrepreneurship.pptxMendozaPatrice
There are people around the world who are unaware of their entrepreneurial potential. It is because, an entrepreneurial capacity is not innate in every person but has to be developed. Not all human being is born to become an entrepreneur or to engage in entrepreneurship. To become one of them, the education of a person should not be impeded or hindered by being financially-handicapped. It requires an initiative and the values of resourcefulness and self-determination. Through these, the person could find the opportunities for supports to develop his/her own competencies to think and innovate. These abilities can be noted on the persons that are not contented of what they do but, to keep on thinking. In fact, there are public servants who resign from government service and engage on entrepreneurial activities. They want to exploit their full potentials and became successful in business. Unlike in government service, it is in entrepreneurship where some people became successful in life. Because of their innovative, they could immediately implement what they thought and seek government supports when necessary. Entrepreneurship can be considered a national asset, and entrepreneurs are the drivers of that asset for any country. It is a dynamic process that not only increases wealth and but can also create value that results in improved well-being. It plays an important role in changing society, so it makes sense to cultivate, motivate, and remunerate this greatest asset to the greatest extent possible (Mohamed, 2020). Universities, being a brewing spot for knowledge spillover (Audretsch and Caiazza, 2016), are considered as an engine to improve economic growth by developing potential entrepreneurs (Lackéus, 2015; Ward et al., 2019). Entrepreneurial potential is a useful concept because not only it encompasses the degree in which an individual possesses entrepreneurial-related qualities, but also accounts for entrepreneurial intentions, or the state of mind of determination to act toward creating business. Intentions are particularly meaningful because they have a reasonably high prediction power of actual behavior (Krueger, 2017; Ward et al., 2019), and it is a good proxy to overview the short-term future of business activity. Hence, teachers are introduced to the concepts and theories of entrepreneurship, including some factors that drive entrepreneurship. While the topic requires more understanding, it is also necessary for the teachers that they be capacitated to become an entrepreneur as their additional tools in the delivery of service to communities.
Amazing young business builders INTRODUCTIONjani muni
The document provides an introduction to entrepreneurship and different types of businesses. It discusses what an entrepreneur is, defines a business, and explains that the main goal of most businesses is to generate a financial return. It outlines different categories that businesses can fall under, such as for-profit, not-for-profit, state-owned, cooperative, and classifications based on primary activities like manufacturing, services, retail, etc. The document then introduces the Amazing Young Business Builders project, which aims to foster entrepreneurship in students by having them analyze aspects of business, develop a real business idea, and communicate it to an audience.
This document provides an overview of a thesis examining the contributions of small and medium enterprises (SMEs). It discusses how SMEs have significantly impacted local communities and the US economy through job creation, charitable donations, event sponsorships, and more. While SMEs have made large economic and social impacts, they have lagged in environmental initiatives due to lack of awareness of their impacts and legislation, as well as limited financial resources to enact changes.
Developing Entrepreneurial Skills is Presentation part of Unit 9 Entrepreneurship and Small Business Management ESBM Assignment. For your own unique assignment please visit : https://topnotchresearch.org/services/
The document discusses creating a custom clothing startup called DIYA Custom Clothing Pvt. Ltd. It describes how custom clothing is gaining popularity and offers room for long-term growth. It discusses conducting a feasibility analysis, including how the business idea is economically feasible and meets technical and legal requirements. It also discusses obtaining funding, marketing strategies targeting potential customers, examples of successful and failed startups to learn from, and preparing a summary report on the custom clothing business.
Unit 12 Managing New Ventures and Entrepreneurship.pptxPrabin Pandit
1. The document discusses various concepts related to entrepreneurship including defining entrepreneurship as strategic risk-taking that results in new opportunities, and entrepreneurs as risk-taking individuals who pursue opportunities others may not see.
2. It also summarizes the process of entrepreneurship as involving creativity, innovation, and launching one's own venture which requires assuming risks to earn rewards.
3. The role of entrepreneurship in society is outlined as generating employment, contributing to GDP, improving economic efficiency, increasing the scope of economic activities, and impacting local communities through regional development and industrialization.
An entrepreneur is a person who organizes and operates a business or businesses, taking on greater financial risks than normal. Entrepreneurs combine resources like land, labor, and capital to manufacture goods or provide services. They create business plans, hire labor, acquire financing, and provide leadership and management. As risk takers, entrepreneurs often use their own money or minimize costs to finance new businesses. Entrepreneurship benefits economies by creating new businesses and jobs, adding to gross national income, and driving social change through new inventions and technologies.
The document discusses social economy and the role of micro, small, and medium enterprises (MSMEs) and business startups in supporting social goals. It defines social economy as businesses created to generate profit as well as pursue social and economic needs of society. MSMEs and startups are important for social economy as they help reduce poverty and drive sustainable growth by creating jobs and providing services like healthcare and education. Examples provided include an Indonesian food bank social enterprise and an e-commerce company that auctions goods to raise money for charities.
Globally, the number of startup companies has rapidly expanded during the last 5-8 years. Offering
products and/or services that greatly enhance the lives of its clients is a major focus for these firms. In India,
local and federal government initiatives have provided new enterprises and entrepreneurs with much
momentum and assistance, helping India become the world's top startup location. The Government of India
(GOI) launched the "Startup India" campaign in 2015 to promote entrepreneurship and support businesses to
achieve this goal (Babu, S., Sridevi, K.,2019). An IBM Center for Business Value and Oxford Economics study
in 2018 found that 90% of Indian companies fail within the first five years of operation. Potential difficulties
that startups may run across, both generally and specifically in the Indian market, have been described by
several authors.
1) The document discusses a study that analyzes the effect of working capital and sales volume on profitability in Micro, Small and Medium Enterprises (MSMEs) in Pangkep Regency, Indonesia.
2) The study uses a quantitative descriptive approach with data collected from 80 MSMEs in the region.
3) The results show that working capital has a negative but not significant effect on profitability, while sales volume has a positive and significant effect. Working capital and sales volume together have a significant effect on profitability, explaining 92.4% of the determination value.
FINANCIAL SUPPORT FOR ENTREPRENEUR'S IN INDIARANI REENA
The document discusses various types of entrepreneurs and financial support available in India for entrepreneurs. It describes innovative entrepreneurs who create new products and take risks, imitating entrepreneurs who copy others' ideas, and drone entrepreneurs who are satisfied with the status quo. The government plays a key role in supporting entrepreneurship through various institutions that provide funding, training, and resources. Recent government schemes aim to promote young entrepreneurs through initiatives in dairy, manufacturing, and innovation. Entrepreneurship is important for economic development as it creates jobs and drives competition.
Essay on International Business
An Introduction to Business Essay
Essay about Business Challenges
The Role of Business Essay
Essay about My Business Idea
Starting and Running a Business Essay
The document discusses startups in India, including defining startups as high-risk, high-growth businesses in their early stages. It notes that India has over 90,000 recognized startups, making it the third largest startup ecosystem globally. Key government initiatives to support startups are also summarized, such as Startup India which aims to simplify regulations and increase funding. The top challenges facing Indian startups are identified as lack of planning, execution, innovation, funding, and mentorship.
The Importance of Social Entrepreneurship of Profit Based Businesses towards ...ijtsrd
This document summarizes a research paper on the importance of social entrepreneurship of profit-based businesses towards their brand image and reputation. The paper discusses how social entrepreneurship can help organizations build their brand image and reputation through connecting with customers and contributing to social causes. Engaging in social entrepreneurship allows businesses to differentiate themselves from competitors and attract customers looking to support organizations with social missions. While social entrepreneurship is important for an organization's brand, the summary emphasizes that businesses also need strong marketing of their products, services, and value to customers in order to succeed.
Entrepreneurship for Small Business ManagementDevesh Rajak
This document provides an overview of different types of entrepreneurship including small business, social entrepreneurship, large organizations, and scalable start-ups. It discusses the goals, capital sources, and outcomes of each type. It also summarizes the impact of micro, small, and medium-sized enterprises on the economy and social sector through job creation, tax revenue, and addressing unemployment. The document concludes by noting that successful entrepreneurs possess traits like passion, problem-solving skills, perseverance, and self-belief.
Different Views Of The Comparison Between Non-Profit And...Kate Loge
This document discusses and compares non-profit and for-profit organizations. It notes that while non-profits are exempt from income taxes, they still must operate like businesses by collecting money, marketing themselves, and using similar marketing strategies as for-profits. The document also discusses some of the challenges both non-profits and for-profits face, such as a lack of funding, competition in the market, and the need for transparency.
This document is a project report submitted by Gurpartap Singh for their Bachelors of Business Administration degree. The report contains 5 chapters that discuss entrepreneurship. Chapter 1 defines entrepreneurship and entrepreneurs, outlines the benefits of entrepreneurship such as financial rewards and independence. It also examines factors that affect entrepreneurship like economic conditions, social factors, and psychological factors of entrepreneurs. Chapter 2 will review relevant literature and Chapter 3 describes the research methodology used. The report provides an overview of entrepreneurship and the factors involved in starting a new business.
This document discusses emerging trends in entrepreneurship in India. It notes that entrepreneurial activity has increased significantly over the last two decades. More business services are being outsourced across firm and national boundaries. The government has also introduced many programs and funding to support entrepreneurs, especially for technological startups and self-employment opportunities in rural areas. This is important as traditional large employers may not be able to sustain high employment levels in the future, so entrepreneurs will need to create new jobs and opportunities.
The document discusses current trends in entrepreneurship in Indonesia and internationally. In Indonesia, social entrepreneurship is trending, with businesses focusing on addressing social and economic issues like unemployment and poverty. One example is a company that provides medical services in exchange for garbage to process into fertilizer. Internationally, artificial intelligence is a major trend, with companies developing AI technologies like Alexa, Lex and image recognition services to replace customer service jobs and save businesses costs.
Micro, small, and medium enterprises (MSMEs) and business startups play an important role in assisting the growth of the social economy. MSMEs help pursue both economic and social goals by creating jobs for unemployed people and helping those in need. Data shows that MSMEs employ over 40% of the total workforce in most regions of the world. In Indonesia specifically, the 57.9 million UMKM businesses recorded in 2013 contributed to 6.03% of employment growth. Examples of startups contributing to society include Garda Pangan in Indonesia, which collects leftover food to donate to those in need, and the Laughing Man Foundation, which funds education programs with 100% of profits.
MSMEs play a significant role in economies worldwide. They account for over 455 million businesses globally and contribute substantially to GDP and employment. In developing countries, MSMEs contribute upwards of 60% to GDP and 70% of total employment. While large businesses are important, MSMEs have a greater impact on job creation due to their need for more employees relative to their size. MSMEs also tend to be more innovative than large businesses and help develop entrepreneurship skills. Nationally, MSMEs boost Indonesia's economic growth and development by generating jobs and income that reduce poverty and unemployment.
The document discusses current trends in entrepreneurship in Indonesia and internationally. In Indonesia, social entrepreneurship is trending as it allows businesses to be profitable while also benefiting society by addressing issues like unemployment and poverty. An example is DBS Bank's program that helps younger generations start social businesses. Internationally, artificial intelligence is a major trend as companies develop technologies like Alexa, Lex and image recognition services. AI has the potential to replace jobs like customer service but also benefit businesses by automating tasks.
This document defines entrepreneurship and provides examples of successful entrepreneurs. Entrepreneurship is defined as an individual creating opportunities by starting new businesses and taking on risks. Local entrepreneur Erick Thohir started several media businesses in Indonesia. International entrepreneur Jeff Bezos founded Amazon and later acquired The Washington Post. The document also categorizes small businesses in Indonesia based on assets and turnover.
Micro, small, and medium enterprises (MSMEs) and business startups play an important role in assisting the growth of the social economy. The social economy aims to pursue both economic and social goals by creating jobs and opportunities for unemployed or unqualified individuals. MSMEs have significantly contributed to employment across most world regions, according to the data. In Indonesia specifically, UMKM businesses (similar to MSMEs) have created over 57 million jobs. Examples of startups contributing to social goals include Garda Pangan in Indonesia, which collects leftover food to donate to those in need, and the Laughing Man Foundation, which funds education programs with 100% of profits.
MSMEs play a key role in the global economy. An estimated 455 million MSMEs worldwide contribute significantly to GDP and employment. In developing countries, MSMEs account for over 60% of GDP and 70% of employment on average. At the national level in Indonesia, MSMEs have increased economic growth and stability by creating jobs, contributing over 50% to GDP. At the local and regional levels, they dominate industry and provide basic goods and services. MSMEs impact economies at all levels through job creation, innovation, tax revenues, and trade. Their widespread nature allows for inclusive development across communities.
The document discusses trends in entrepreneurship in Indonesia and internationally. In Indonesia, social entrepreneurship is a growing trend as it helps address economic and labor issues while benefiting society. One example is DBS Bank's program that helps younger generations start social businesses. Internationally, artificial intelligence is an emerging trend in entrepreneurship as companies develop AI technologies to replace customer service jobs and save costs. Amazon has created several AI products like Alexa and services for image recognition.
This document provides an introduction to entrepreneurship. It defines entrepreneurship as the process of creating a new business by an individual or organization through taking risks and providing resources and effort. Examples of successful entrepreneurs provided include Erick Thohir, a local Indonesian businessman, and Jeff Bezos, the founder of Amazon. Small and medium-sized businesses (UMKM) make up over 99% of businesses in Indonesia and employ 90% of the workforce. UMKMs are categorized based on assets and turnover.
ISO/IEC 27001, ISO/IEC 42001, and GDPR: Best Practices for Implementation and...PECB
Denis is a dynamic and results-driven Chief Information Officer (CIO) with a distinguished career spanning information systems analysis and technical project management. With a proven track record of spearheading the design and delivery of cutting-edge Information Management solutions, he has consistently elevated business operations, streamlined reporting functions, and maximized process efficiency.
Certified as an ISO/IEC 27001: Information Security Management Systems (ISMS) Lead Implementer, Data Protection Officer, and Cyber Risks Analyst, Denis brings a heightened focus on data security, privacy, and cyber resilience to every endeavor.
His expertise extends across a diverse spectrum of reporting, database, and web development applications, underpinned by an exceptional grasp of data storage and virtualization technologies. His proficiency in application testing, database administration, and data cleansing ensures seamless execution of complex projects.
What sets Denis apart is his comprehensive understanding of Business and Systems Analysis technologies, honed through involvement in all phases of the Software Development Lifecycle (SDLC). From meticulous requirements gathering to precise analysis, innovative design, rigorous development, thorough testing, and successful implementation, he has consistently delivered exceptional results.
Throughout his career, he has taken on multifaceted roles, from leading technical project management teams to owning solutions that drive operational excellence. His conscientious and proactive approach is unwavering, whether he is working independently or collaboratively within a team. His ability to connect with colleagues on a personal level underscores his commitment to fostering a harmonious and productive workplace environment.
Date: May 29, 2024
Tags: Information Security, ISO/IEC 27001, ISO/IEC 42001, Artificial Intelligence, GDPR
-------------------------------------------------------------------------------
Find out more about ISO training and certification services
Training: ISO/IEC 27001 Information Security Management System - EN | PECB
ISO/IEC 42001 Artificial Intelligence Management System - EN | PECB
General Data Protection Regulation (GDPR) - Training Courses - EN | PECB
Webinars: https://pecb.com/webinars
Article: https://pecb.com/article
-------------------------------------------------------------------------------
For more information about PECB:
Website: https://pecb.com/
LinkedIn: https://www.linkedin.com/company/pecb/
Facebook: https://www.facebook.com/PECBInternational/
Slideshare: http://www.slideshare.net/PECBCERTIFICATION
How to Make a Field Mandatory in Odoo 17Celine George
In Odoo, making a field required can be done through both Python code and XML views. When you set the required attribute to True in Python code, it makes the field required across all views where it's used. Conversely, when you set the required attribute in XML views, it makes the field required only in the context of that particular view.
This slide is special for master students (MIBS & MIFB) in UUM. Also useful for readers who are interested in the topic of contemporary Islamic banking.
it describes the bony anatomy including the femoral head , acetabulum, labrum . also discusses the capsule , ligaments . muscle that act on the hip joint and the range of motion are outlined. factors affecting hip joint stability and weight transmission through the joint are summarized.
How to Fix the Import Error in the Odoo 17Celine George
An import error occurs when a program fails to import a module or library, disrupting its execution. In languages like Python, this issue arises when the specified module cannot be found or accessed, hindering the program's functionality. Resolving import errors is crucial for maintaining smooth software operation and uninterrupted development processes.
বাংলাদেশের অর্থনৈতিক সমীক্ষা ২০২৪ [Bangladesh Economic Review 2024 Bangla.pdf] কম্পিউটার , ট্যাব ও স্মার্ট ফোন ভার্সন সহ সম্পূর্ণ বাংলা ই-বুক বা pdf বই " সুচিপত্র ...বুকমার্ক মেনু 🔖 ও হাইপার লিংক মেনু 📝👆 যুক্ত ..
আমাদের সবার জন্য খুব খুব গুরুত্বপূর্ণ একটি বই ..বিসিএস, ব্যাংক, ইউনিভার্সিটি ভর্তি ও যে কোন প্রতিযোগিতা মূলক পরীক্ষার জন্য এর খুব ইম্পরট্যান্ট একটি বিষয় ...তাছাড়া বাংলাদেশের সাম্প্রতিক যে কোন ডাটা বা তথ্য এই বইতে পাবেন ...
তাই একজন নাগরিক হিসাবে এই তথ্য গুলো আপনার জানা প্রয়োজন ...।
বিসিএস ও ব্যাংক এর লিখিত পরীক্ষা ...+এছাড়া মাধ্যমিক ও উচ্চমাধ্যমিকের স্টুডেন্টদের জন্য অনেক কাজে আসবে ...
How to Manage Your Lost Opportunities in Odoo 17 CRMCeline George
Odoo 17 CRM allows us to track why we lose sales opportunities with "Lost Reasons." This helps analyze our sales process and identify areas for improvement. Here's how to configure lost reasons in Odoo 17 CRM
How to Build a Module in Odoo 17 Using the Scaffold MethodCeline George
Odoo provides an option for creating a module by using a single line command. By using this command the user can make a whole structure of a module. It is very easy for a beginner to make a module. There is no need to make each file manually. This slide will show how to create a module using the scaffold method.
हिंदी वर्णमाला पीपीटी, hindi alphabet PPT presentation, hindi varnamala PPT, Hindi Varnamala pdf, हिंदी स्वर, हिंदी व्यंजन, sikhiye hindi varnmala, dr. mulla adam ali, hindi language and literature, hindi alphabet with drawing, hindi alphabet pdf, hindi varnamala for childrens, hindi language, hindi varnamala practice for kids, https://www.drmullaadamali.com
2. Public Limited Company
According to Fisher, Houghton, and Jain (2014, Pg.48), a public limited company is a company that has limited
liabilities. It is often a large company as the shareholders can sell their shares to the public. Unlike private
companies, the owners of the public limited companies bear the responsibility for its debts instead of the
shareholders.
The objectives and role of a public limited company is to attract new investors to buy some of the shares their
company, so that the company could expand their capital. As a public limited company could sell their shares to
the public, it would be easier for them to convince people to buy their shares (Picincu, 2018). An example of
public limited company is PT. Astra International Tbk & PT. Unilever Indonesia Tbk as stated by IDN
Financials (n.d.)
3. Private Limited Company
A private limited company is a organisation that is usually created by a sole trader or partnership. These
companies are run by shareholders with limited liability, which means that the business debts are beared by the
shareholders, not the owner. Private companies are not allowed to sell their shares to the public. These types of
organisation are usually run by friends and/or families. The payments made between the shareholders are
divided by dividends, depending on the capital invested to the company (Fisher, Houghton, and Jain, 2014,
p.48).
The role of a private company is to make profit and less debts, so that their shareholders would receive a better
dividend.Whereas, a private company’s objective is to survive in the market as there are many competitors in
the market, this is done by increasing the sales of the business’ products, and by doing so, it accesses them to
have a larger market share (BBC, n.d.). One example of private limited company in Indonesia is Turner
International Indonesia LLC (Steel Indonesia, n.d.)
4. Social Enterprise
A social enterprise is a business created by usually independent groups of people who uses the public subsidies
to create them, however, they manage the business themselves without any help by the public authorities. Social
enterprises are created to benefit the community, helping out people and childrens who are poor and in need
(Adam & Johnson, 2014, Quoted by Defourny & Nyssens, 2006, p.22-23).
Social enterprise has an objective of delivering the profits made by the business to charities or non profit
organisations, to help achieve social objectives instead of delivering them to shareholders or owners. One way
they do this is by reinvesting to their own business for each profit they make to create a larger business which
would lead to better profit, and would then expand their social goals even bigger. (Enterprise, S, n.d.). An
example of social enterprise in Indonesia is WeCare.id, a fundraising company who helps the people of
Indonesia into receiving a better healthcare. (WeCare.id, n.d.)
6. Micro Business
Micro businesses are business which are usually run by a sole trader, with no more than five workers. A micro
business could create anything based on the skills and passion of the owner, which enables greater flexibility
and mobility for the business (SBB, n.d.). Micro businesses in Indonesia usually do not have any business
permit or any legal permit like NPWP, and the types of products they sell are inconsistent, or changing
constantly. Their selling locations are mostly found in sidewalks or below an office (Indonesia B, 2015, p.25).
The objectives of a micro business would be to reduce unemployment in the country and to create a big profit
with low investment and risks. While the role of micro business would be to boost the economy’s low income
per capita and poverty (SBB, n.d.). An example of micro business in Indonesia is Bakso Tito, a food shop
selling Meatballs in a soup (Bakso) (UMKM Kota Jogja, n.d.).
7. Small Business
A small business is a business which are run by either sole traders or partnerships, and it could have up to 1500
employees. Unlike the micro business, a Small business has the required business permit and every legal permit
needed to create a business, and the owner of the business usually has some personal experience beforehand.
However, he/she might not have implemented any business planning for the running of the business (Formoso,
2017).
The objectives of a business is usually measured, therefore, for a small business it would be to maximize profit,
and increase growth in the market up to the point where the owner(s) are comfortable, as going higher might
risk the chance of having more competitors (Pietroluongo, 2017). Additionally, the role of a small business is to
sustain a healthy economy of the country as in most countries, most types of businesses are small sized. An
example of a small business is Pempek Bu Ratna, selling processed food pempek (UMKM Kota Jogja, 2018).
8. Medium Business
A medium business would already have a good management and organisation with equal responsibilities, salary,
and production in the business. The workers working in the business would also have training of their specific
roles beforehand. While the expense of the business would not be too worried about as it has gained the bank’s
trust, so they could ask for help to extend the budget of the business (Indonesia B, 2015, p.25).
The objective of a medium business is to maximize profit, increase market share, and also growth. However, a
medium business would want to expand more and have their growth increase by a milestone, taking over their
competitors in the market (Homework & study skills center, 2017). The role of a medium business would be to
help the economic development in the country such as the rate of employments, increase in production, and
increase in gross domestic product (GDP) (Hashi, 2017). An example of Medium Business in Indonesia is SB
Aluminium, a business focusing on ingot making (UMKM Kota Jogja, 2018).
9. Large Business
Large business are businesses that are in good managing and treats their employees equally. Large businesses
also has better sales and greater net worth than medium sized businesses, like having their own private property,
or joint ventures with other well known companies. A large business would usually have a business connection
to other countries which helps carry out economic activities in the country (Indonesia B, 2015, p.25).
The role of a large business is to deliver their products to a large market with a large scale of production, so that
their objectives which is to have great economic power, obtain the monopoly status in the market, and have long
term profitability become achievable for the business (Learning A, n.d.).
An example of large business in Indonesia is PT. Indofood Sukses Makmur Tbk, a company based in consumer
branded products like noodles, dairy foods, snacks, food seasonings, and many more (Indofood, n.d.). As of
2017, Indofood’s net sales are Rp.70,186,600,000 billion (Indofood, 2017), and the minimum sales for a large
company in Indonesia is above Rp.10,000,000,000 billion (Indonesia B, 2015, p.26).
11. Public Corporation
Public Company is a organization which started as a private company, but later on bought by the government.
The corporation is run by the Board of Directors and employees with the government only interfering by setting
objectives for the business. The role of a public company is to supply the goods or services to the citizens and it
would not be charged much and sometimes it could even be free of charge. On the other hand, the objective is to
help balance the economy of the country based on the salary of the society (Fisher, Houghton, and Jain, 2014,
p.55).
Most public companies have a large number of investors holding its stock, and the value of the business is
determined by daily trading within the company. A public company is also required to publish its annual reports
to the public and reveal the activities and finance of the business (Fisher, Houghton, and Jain, 2014, p.55).
12. Private Corporation
A private corporation is usually a business created by a small number of people, mostly leading it to family
business. The requirements needed to operate a private corporation is no different than any other corporation,
filing paperworks to government, creating a business name and legal permits. Private corporations stocks are
not available for the public, however, they could sell their stocks to an individual who may be interested in the
company. Unlike public corporation, private corporations do not require shareholders approval to make any
business decisions, and shareholders also have no access to the account books of the private corporation unless
it was approved in the shareholders agreement (Howell, n.d.).
14. Corporate Entrepreneurship
Corporate entrepreneurship is a process used in a existing organisation to develop new products, services, or
processes, which creates the value of the organisation and possibly generate new revenue growth created by a
entrepreneur’s point of view (corporate entrepreneurs, n.d.). Corporate entrepreneurship are usually formed as
teams who are able to launch, or manage a new business that is different from the parent company, however, it
still uses the parent company’s assets, resources, and market position (Wolcott and Lippitz, 2007).
One example of corporate entrepreneurship is Adobe. At first, Adobe offered a chance for their employees to
create new products that could be sold, and one of them, Mark Randall, has successfully created one called
Kickbox, which is a tool that helps innovators and organisations to refine, define, and evolve their idea. This has
helped Adobe to be very innovative by creating various products for the company to sell (Innov8rs, 2017).
15. Technical Entrepreneurship
Technical Entrepreneurship could be defined as entrepreneurs that are specialized in the technology field, which
started with a couple of physicists establishing a business venture to create a business with a technical field.
This shows that entrepreneurs who specializes in physics could open up a technology based business (Jones
Evans, 1992, p.27). A technological business generally focuses on research & development and obtaining new
technical knowledge of technologies, which is usually run down by scientists and engineers (Jones Evans, 1992,
Quoted by Cooper, 1971, p.27).
One example of technical entrepreneurship is Toyota Motor Co. the founder Kiichiro Toyoda is a car inventor
that has invented many types of cars throughout the years, and is now known as the world’s largest automaker.
He had a background of textile machinery inherited by his father Sakichi Toyoda (History-Biography, n.d.).
16. Social Entrepreneurship
Social Entrepreneurship are businesses that try to contribute to the society either as a for-profit or non-profit
organisation. Social enterprises focuses on innovation of creating new products or services, production and
distribution methods, or new organisational models that generally leads to contributing to the society (Schwab
foundation, n.d.).
Not all social enterprises are non-profit organisations, there are also for-profit organisations and hybrid social
enterprise (non-profit, however, still collects cost from the sales of their products) which has goals to solve
social problems (Schwab foundation, n.d.).
One example of social entrepreneurship is Better World Books, a company created by Xavier Helgesen, Chris
Fuchs, and Jeff Kurtzman. Better World Books partners with libraries to save the books that are thrown out and
abandoned, and helps by either reusing or recycling them. They would reuse it to help promote literacy around
the world, or they would recycle them and help the environmental and social environment. They would gain
profit by reselling some of the books they have saved to other people who wants them (BetterWorldBooks,
n.d.).
17. Similarities and Differences between
Entrepreneurial Ventures
According to Business Structure
There holds a number of similarities and differences between the Entrepreneurial ventures which are Public,
Private, and Social Enterprise. One of the similarities is that all these enterprises help to increase employment
and career growth in the society as there are cases of high rate of unemployment in both developing and
under-developing countries. Another similarity is that all of these enterprises have a goal of attracting their
customers to purchase their products, so that they would gain better profit each year.
However, the difference of these three enterprises is that they have different sizes. Most of the public companies
are committed to large sized companies, while private and social enterprises are generally in a form of Micro,
Small, or Medium (MSME) business. Another difference is that the public company lists its shares to the public
to enable other shareholders to invest in their company, while private companies do not list their shares to the
public, and that their shareholders are either family or friends.
18. Similarities and Differences between
Entrepreneurial Ventures
According to Typologies
The types of typologies which are listed above are Corporate, Technical, and Social Entrepreneurship. One of
the similarities between these typologies are that all of these leads to one motive which is to innovation. By
creating a better product, service, production or distribution, they could motivate and also support the
organisation and environment around them.
However, the differences is that the Social entrepreneurship enterprise generally use its innovations to help the
society, by hosting charity events, creating better education, healthcare, and employments. Social enterprises
can also run in for-profit, non-profit, or both at the same time, unlike the Corporate and Technical Entreprises.
19. Similarities and Differences between
Entrepreneurial Ventures
According to Size
The similarities of micro, small, medium, and large business is that all the businesses contribute to the society,
like increasing the number of employment, increase growth in economy, and also profitable.
The differences of micro, small, medium, and large business is that each of them has different types of sizes of
the business. A micro business usually consists of only fewer than 10 people, where as small businesses employ
about 50 people, and medium businesses with less than 250 people (OECD, n.d.). Large businesses employs
about 1,000-1,500 employees, as they would need to produce a lot more products than small businesses, and
also because they have a greater brand recognition, which would make customers purchase more of their
products (Cooper, 2012). Another difference is that the assets and sales of different sizes varies. Micro
businesses have a turnover of less than or equal to 2 million, while Small businesses have a turnover of less than
or equal to 10 million, Medium businesses with less than or equal to 50 million (European Commission, n.d.).
Meanwhile, Large businesses has a turnover of greater than 250 million (Australian Taxation Office, n.d.).
21. Corporate Entrepreneurship in Large
Companies
Most Corporate Entrepreneurships are applied in large companies. This is because implementing corporate
entrepreneurship in a large company would benefit the organisation to prevent them from getting lack of
innovation as most large businesses tend to stick to their established structures. With the constant changing in
the environment, innovation would be the key for a business to strive (Fayolle, A and Basoo, O, 2010).
22. Technical Entrepreneurship in Small
Companies
Jones Evans, Quoted by Cooper (1986, p.29) states that most technical firms are based on small businesses,
created by several entrepreneurs who are an expert of science and/or engineering. The reason it only stays a
small business is that the entrepreneurs have a well defined form of entrepreneurship, and are all of high degree
education, which makes it better for the entrepreneurs to create new technologies or products in a smaller
environment.
23. Social Entrepreneurship in Social Enterprise
Social enterprises are open to feedbacks from the community to improve the contribution for the society, and
most social entrepreneurs are motivated and passionate of their mission, and some even quit their profit making
business just to work for a purpose of helping the environment close to them. Not all social enterprises are
non-profit organisations, there are also for-profit organisations and hybrid social enterprise (non-profit,
however, still collects cost from the sales of their products), however, similar to the concept of social
entrepreneurship, both have the goals to solve social problems, which made social entrepreneurship suitable for
social enterprises (Schwab foundation, n.d.).
25. Growth of UMKM and Large Business in
Indonesia 2012-2017 (Kementerian Koperasi
Dan Usaha Kecil dan Menengah Republik
Indonesia, n.d.)
Unit
2012 2013 2014 2015
Amount Share (%) Amount Share (%) Amount Share (%) Amount Share (%)
UMKM or SMEs
Business
Units 55,206,444 99.99 56,534,592 99.99 57,895,721 99.99 59,262,772 99.99
Micro Enterprise Units 54,559,969 98.82 55,856,176 98.79 57,189,393 98.77 58,521,987 98.74
Small Enterprise Units 602,195 1.09 629,418 1.11 654,222 1.13 681,522 1.15
Medium Enterprise Units 44,280 0.08 48,997 0.09 52,106 0.09 59,263 0.1
Large Enterprise Units 4,952 0.01 4,968 0.01 5,066 0.01 4,987 0.01
26. Growth of UMKM and Large Business in
Indonesia 2012-2017 (Kementerian Koperasi
Dan Usaha Kecil dan Menengah Republik
Indonesia, n.d.)
Unit
2016 2017 2012-2017 Growth
Amount Share (%) Amount Share (%) Amount Share (%)
UMKM or SMEs Business Units 61,651,177 99.99 62,922,617 99.99 7,716,173 13.98
Micro Enterprise Units 60,863,578 98.71 62,106,900 98.7 7,546,931 13.83
Small Enterprise Units 731,047 1.19 757,090 1.2 154,895 25.72
Medium Enterprise Units 56,551 0.09 58,627 0.09 14,347 32.4
Large Enterprise Units 5,370 0.01 5,460 0.01 508 10.26
27. Scope
As shown in the table above, Micro, Small, and Medium Enterprises (MSME) has an important role in building
the economy of Indonesia. It is said to dominate 99,99% of businesses in Indonesia since 2012, with most of
them being micro businesses, which leaves Large businesses to contributing 1% to the economy of Indonesia.
However, it is said by Tribun Bisnis (2016) that most MSME businesses in Indonesia are scared of growth in
their business, and that they rather stay as a micro or small business due to them not wanting to pay bigger tax
prices. Some of the small businesses in Indonesia are sole traders who use their own personal money to create
the business, which makes them short of capital. According to Indonesia B (2015, p.26), Most of the MSME
businesses are also depending on their customers order, and not from their own product designs, which proves
that the products they sell only being standard, which would not create enough profit for them to expand their
business. In the end, If MSME businesses in Indonesia continues to not improve and stay the same like it is
now, then it would be hard for the small businesses to move up the size of the business.
28. Growth and Development
As shown in table 2 above, the growth of the MSME businesses increases year by year, especially in micro
enterprises. It is shown that in 2012, the total of MSME businesses in Indonesia is 55,206,444 units, and in 2017
the data shows that the total MSME businesses in Indonesia is 62,922,617 units. It shows that there are a total
increase of 7,716,173 units in these five years, with a consistent market share throughout the years. Compared
to all the Micro, Small, and Medium enterprises in Indonesia, the large enterprise has only increased by 508
units throughout the five years from 4,952 in 2012, to 5,460 in 2017, and has the same market share throughout
the years. This shows that most of the MSME businesses have not been expanding their businesses to either
medium or large sized business.
29. References
Adam, S. and Johnson, T. (2014). Social enterprise. Johanneshov: MTM, pp.22-23.
Australian Taxation Office (n.d.). Large business. [online] Ato.gov.au. Available at:
https://www.ato.gov.au/business/large-business/ [Accessed 22 Feb. 2019].
BBC (n.d.). BBC - GCSE Bitesize - Business aims and activities. [online] Bbc.co.uk.
Available at: http://www.bbc.co.uk/schools/gcsebitesize/business/aims/aimsactivitiesrev1.shtml
[Accessed 23 Nov. 2018].
BetterWorldBooks (n.d.). History - About Better World Books. [online] About Better World
Books. Available at: https://about.betterworldbooks.com/history/ [Accessed 21 Feb. 2019].
Enterprise, S. (n.d.). What is Social Enterprise?. [online] BC Centre for Social Enterprise. Available
at: https://www.centreforsocialenterprise.com/what-is-social-enterprise/ [Accessed 23 Nov. 2018].
Entrepreneurs, C. (n.d.). Corporate Entrepreneurship | Corporate Entrepreneurs. [online]
Corporate Entrepreneurs. Available at:
https://corporate-entrepreneurs.com/welcome/corporate-entrepreneurship/ [Accessed 23 Nov. 2018].
30. European Commission (n.d.). What is an SME? - Internal Market, Industry, Entrepreneurship
and SMEs - European Commission. [online] Internal Market, Industry, Entrepreneurship and SMEs -
European Commission. Available at:
http://ec.europa.eu/growth/smes/business-friendly-environment/sme-definition_en [Accessed 22 Feb.
2019].
Fayolle, A. and Basso, O. (2010). Entrepreneurial spirit and corporate entrepreneurship in
large companies. International Journal of Entrepreneurship and Small Business,
10(3), p.307.
Financials, I. (n.d.). List of Public Companies in Indonesia - IDNFinancials. [online] Idnfinancials.com.
Available at: https://www.idnfinancials.com/company [Accessed 23 Nov. 2018].
Fisher, M., Houghton, M. and Jain, V. (2014). Cambridge IGCSE Business Studies. Cambridge: Cambridge
University Press.
History-Biography (n.d.). Sakichi Toyoda - History and Biography. [online] History and
Biography. Available at: https://history-biography.com/sakichi-toyoda/ [Accessed 23 Nov. 2018].
31. Homework & Study Skills Center (2017). 2 Suggest Appropriate Aims and Objectives for a
Small, Medium and Large Business. Essay - Jamila Reddy. [online] Jamila Reddy. Available at:
https://jamilareddy.com/2-suggest-appropriate-aims-and-objectives-for-a-small-medium-and-large-busin
ess/177/ [Accessed 23 Nov. 2018].
Howell, R. (n.d.). What Is a Private Corporation?. [online] Yourbusiness.azcentral.com.
Available at: https://yourbusiness.azcentral.com/private-corporation-14854.html [Accessed 23 Nov.
2018].
Indofood (n.d.). Indofood at a Glance | Indofood. [online] Indofood.com. Available at:
https://www.indofood.com/company/indofood-at-a-glance [Accessed 23 Nov. 2018].
International, T. (n.d.). TURNER INTERNATIONAL, LLC - STEELINDONESIA.COM® | Informasi
Terlengkap Bisnis Baja Indonesia. [online] Steelindonesia.com. Available at:
https://steelindonesia.com/company/index.php?id=CMP0184869 [Accessed 23 Nov. 2018].
32. Innov8rs (2017). How Cisco, GE, and Adobe do Intrapreneurship | IntraCnf. [online]
Innov8rs. Available at:
https://innov8rs.co/news/make-innovation-part-everyones-job-cisco-ge-adobe-intuit-intrapreneurship/
[Accessed 23 Nov. 2018].
Jones-Evans, D. (1992). Technical Entrepreneurship in UK. [ebook] Birmingham: The
University of Aston in Birmingham. Available at:
http://publications.aston.ac.uk/10820/1/Jones_Evans_D_1992.pdf [Accessed 6 Nov. 2018].
Learning, A. (n.d.). What are Large Scale Production? What are its motives?. [online] Money
Matters | All Management Articles. Available at:
https://accountlearning.com/what-are-large-scale-production-what-are-its-motives/ [Accessed 23 Nov.
2018].
Linkedin, (2018). [online] Available at:
https://www.linkedin.com/pulse/role-small-medium-enterprises-economic-development-saeed-hashi/
[Accessed 23 Nov. 2018].
33. Pietroluongo, L. (2017). Small Business Goals & Objectives. [online] Bizfluent. Available at:
https://bizfluent.com/list-6730725-small-business-goals-objectives.html [Accessed 23 Nov. 2018].
Picincu, A. (2018). What are the Objectives of a Public Limited Company?. [online] Bizfluent. Available at:
https://bizfluent.com/list-6810569-objectives-public-limited-company-.html [Accessed 23 Nov. 2018].
Schwab (n.d.). What is social entrepreneurship?. [online] Schwab Foundation for Social
Entrepreneurship. Available at: https://www.schwabfound.org/what-is-social-entrepreneurship
[Accessed 23 Nov. 2018].
SmallBusinessBank.com. (2018). Micro Business vs. Small Business. [online] Available at:
https://www.smallbusinessbank.com/about/micro-vs-small-business/ [Accessed 23 Nov. 2018].
The Big Issue (n.d.). About | The Big Issue. [online] The Big Issue. Available at:
https://www.bigissue.com/about/ [Accessed 23 Nov. 2018].
34. Tribun Bisnis (2016). Ini Sejumlah Alasan UKM Sulit Berkembang - Tribunnews.com.
[online] Tribunnews.com. Available at:
http://www.tribunnews.com/bisnis/2016/12/19/ini-sejumlah-alasan-ukm-sulit-berkembang [Accessed 23
Nov. 2018].
UMKM Kota Jogja (n.d.). Website Database UMKM Kota Yogyakarta. [online] Umkm.jogjakota.go.id.
Available at: http://umkm.jogjakota.go.id/direktori2/group.php?mod=klas&dus_klasifikasi=mikro&p=5
[Accessed 23 Nov. 2018].
WeCare.id (n.d.). WeCare.id - Donasi Kesehatan Online Terpercaya. [online] Wecare.id.
Available at: https://wecare.id/ [Accessed 23 Nov. 2018].