Types of entrepreneurship ventures

Currently, there are 3 types of ventures that are; Private sectors, Public sectors, and voluntary sector. According to Dan & Monyhan (2012), Private sectors can be defined as are companies that are part of the economy but has no government intervention. Private sectors consist of Sole trader, Partnership, Private Limited company, and also public limited company. An example of a private sector is J.CO donuts, J.CO donuts is a private sector that sells donuts, coffees, and frozen yogurt. Its company is one of the largest donuts company in Indonesia with other competitors like Dunkin donuts and Krispy Kreme. J.CO is located mostly in malls due to a high number of visitors and provide promotions to attract customer to purchase J.CO product, J.CO provide promotion such as buy one get two or the "Telkomsel Promo" which is buy 6 get 12. 


According to Dan & Monyhan (2012), Public sectors can be defined as companies that are part of the economy that has government interventions. A public sector company is Perusahaan Listrik Negara (PLN) Persero. PLN is an electricity company that is run by the government to provide electricity to the people living in Indonesia. PLN currently runs almost all the electricity of Indonesia and is known to be one of the largest electricity company in the world.

Voluntary sector can be defined as a sector that runs and operates social activity to benefit the 3 pillars. The pillars 3 are People, Planet, and Profit to the economy. Based on people, it is important for people to achieve the necessary education, health check, and also getting a number of nutrients needed daily to do daily activities.  An example of a volunteer sector in Indonesia is IniBudi.com. IniBudi is an online website to provide education for poor or children that aren't able to go to school. IniBudi provides various types of lessons such as; Japanese, Chinese, and also German. IniBudi provides subjects such as music and sports for students to be able to identify what their true potential talent is. 
























Comments

Post a Comment

Popular posts from this blog

Impact of Entrepreneur and Small Businesses

Image
According to LearningEnglish (2011), Indonesia has one of the fastest growing in economy rate. This year Indonesia has increased its growth by over 6%. The reason behind the fast increase in growth of the economy rate is due to the existence of entrepreneur.  According to Baziad (2017), In 2016 there are around 26.7 million entrepreneur  compare to the 22.6 million  entrepreneur in 2006. The increase of  entrepreneur creates revenue for government also keeps the economy flowing since transactions will keep increase due to an increase amount of  entrepreneur.  Another crucial factors on why Indonesia Economy could rapidly grow is due to the existences of "Technopreneurs." An example of a successful technopreneur is the Gojek company. Gojek company is an online transportation company that started during March as of 2011. The goal of having to create Gojek is to organize the motorcycle taxi system in Indonesia. 
Read more