intro Flashcards
what is an enterprise
an organisation or business managed by one or more individuals who are able to take initiative to make decisions and take calculated risks
business enterprise
an organisation that has profit as its main aim
any profits that are made are reinvested into the business to grow further of distributed to its owners/shareholders
social enterprises
an organisation that is started up for social cause for the betterment of society.
any profits are reinvested into things that benefit the community
entrepreneur
a person who starts up a new business or enterprise
key attributes that comprise enterprise capability
risk-taking- calculated risks
decision-making
innovation
positive attitude
stakeholders
an individual, group or organisation with an interest in the activities of a business
there are internal and external stakeholders
the main stakeholders in a enterprise
(employees)
employees- the people who do the work in an enterprise and earn a living from the operations of a business.
to keep them happy and productive the enterprise must provide fair wages, job security and good working conditions
the main stakeholders in a enterprise
(owners/shareholders)
healthy profits and the growth of an enterprise are important to attract further investment
the main stakeholders in a enterprise
(customers/consumers)
it is important to satisfy your company as they make revenue
provide good quality and service at a fair price
the main stakeholders in a enterprise
(government)
all businesses have to pay taxes to the gov.
in order to benefit from possible gov. grants and subsidies the enterprise must follow all the rules.
the main stakeholders in a enterprise
(local community)
in order to avoid complaints from the people living near the business, an enterprise should aim to keep its negative impacts to a min.
the local community can also benefit from the infrastructure and jobs.
the main stakeholders in a enterprise
(suppliers)
these are businesses that supply the raw materials needed by the enterprise.
they should be paid on time in order to ensure a timely and continuously supply needed of the needed supplies.
the main stakeholders in a enterprise
(lenders)
theses are organisations that lend money to an enterprise.
important to pay on time
the main stakeholders in a enterprise
(competition)
these are businesses that operate in the same industry with the similar market and product.
