Introduction Flashcards
1
Q
Enterprise process
A
Stages in running an enterprise:
- Identify problem, need or want
- Explore creative solutions
- Action plan
- Implement plan
- Monitor plan
- Evaluation
2
Q
Enterprise capability
A
- Risk taking
- Decision making
- Innovation
- Positive attitude
3
Q
Stakeholder
A
Individual, group or organization with an interest in the activities of a business.
INTERNAL:
employees and owners
EXTERNAL:
customers, local community, suppliers, lenders, government and competition
4
Q
Social enterprise
A
Started up for a social cause for the betterment of society.
5
Q
Business enterprise
A
Organization with profit as a main aim.
6
Q
Enterprise
A
Business or organization managed by one or more individuals able to take decisions and make calculated risks.
