Types Of Enterprise Flashcards
What is an Enterprise?
Enterprise is the actions taken by someone who shows the initiative to take the risk of setting up and running a business.
What is a Financial Enterprise?
Financial Enterprise: means establishing a business to make a profit by selling a product/service.
What is a Social Enterprise?
Social Enterprise: means putting people and the community before profit. It is owned by community members and aims to solve social, economic and environmental issues in the community to ensure a better life for community members.
Any profits made are reinvested in the community.
What is a Cultural Enterprise?
Cultural Enterprise: exists to provide consumers with access to visual arts, theatre, traditions, film, radio, festival events.
What is an example of a Financial Enterprise?
Scrumdiddly’s is an example of a financial enterprise
What is an example of a Social Enterprise?
Donabate Credit Union and Saint Vincent DePaul are examples of social enterprises
What is an example of a Cultural Enterprise?
GAA Clubs are an example of a Cultural Enterprise
What is the importance of a Financial Enterprise?
Importance of Financial Enterprise in society: it gives finance (money) support to start up businesses to help the local community businesses grow. It also creates jobs for the local community and helps people to develop business skills.
What is the importance of a Social Enterprise
Importance of Social Enterprise in society: it supports vulnerable people and ensures a better life for all in the community. This is achieved by creating jobs and solving problems in the area.
What is the importance of Cultural Enterprise
Importance of Cultural Enterprise in society: it showcases beauty, skills and talents while having the potential for promoting tourism, making a profit and creating jobs.
What ways can you be Enterprising in different areas of your life?
Enterprise in the Community
E.g. Tidy Towns Committee, Charity Work
Enterprise in the Home
E.g. Carboot Sale, Work from Home
Enterprise in the Public Services
E.g. Smoking Ban 2004
Enterprise in School
E.g. Mini-Company Event
