Discuss the view that entrepreneurship is chiefly concerned with Essay

Discuss the view that entrepreneurship is chiefly concerned with wealth excogitation in a elegant business context - Essay ExampleAll entrepreneurships sh be the primary objective of ontogeny profitability, this implies that the entrepreneur must employ every feature possible and manipulate the internal structure of the organization in order to increase its market share thus accumulating more wealth. olive-sized businesses have littler management structures, which make management easier thus steering the desired growth through with(predicate) wealth creation as discussed in the essay below. Entrepreneurs take risks on a daily basis. In their operations, they seek to increase their market shares thus compelling them to bestow out extensive market researches with the view of increasing their operations. Small businesses feel the pressure since they have smaller niftys but have the desire to increase their expectant bases through heightened wealth creation. To achieve such, mo st small businesses diversify their operations thus spreading their risks across several(prenominal) industries. Most small business suffers from uncertainty, by diversifying their operations and products they venture into different industries and markets thus retain a portion of every market. With such an operation, the businesses have a surety of an excellent performance in at least an industry thus cushioning the rest from possible loses. The uncertainty and the lack of adequate capital thus compel small entrepreneurs to view entrepreneurship as concerned with wealth creation. Bigger companies have surface-structured decision-making variety meat and make decisive decision on their investments. Additionally, such businesses enjoy larger market shares and larger capital bases. They fuel therefore take risks and gamble with their investments. Such are the luxuries that smaller businesses do not enjoy. small entrepreneurs approach the practice with the view of making more money a nd saving as much of it as possible. While a big business like Wells Fargo in the United Kingdom can decide to venture into real estate, a smaller business owned by a touch on proprietor may not since such individuals lack adequate capital and may not presume risk their small capital on such a precarious industry. This depicts the inability of smaller businesses to carry out effective market research and capital drives. Big businesses use their money to create more capital while smaller businesses save up their profit in the process of capital appeal and wealth creation (Peter, 1994). Management, a fundamental operational feature in businesses refers to the coordination of the people concerned in order to realize a set of goals and objectives. The management of small businesses is less coordinated owing to their small structures. Big businesses on the other hand have effectively coordinated structures and therefore make communicate investment decisions less likely to incur loss es. In a small business context, management is reduce to a one-person affair. Management in an organization comprises staffing, controlling, planning and organizing the activities in a business organization. The functions are all vital in the achievement of the objectives of the business (Homburg, Sabine & Harley, 2009). To big businesses, such functions are well coordinated by professionals who make effective decisions concerning the attainment of the organizational goals. Big organizations have elaborate structures and may not always benefit an individual. In such organizations, the longevity of the business and its sustained profitability is always of more importance