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LC 2.4 Enterprise
Term | Definition |
---|---|
Enterprise | refers to any attempt to start something new |
Entrepreneurs | the people who has the initiative and takes the risk to start an enterprise |
Intrapreneurship | employees working within a business who acts like an entrepreneur |
Independence | freedom to be your own boss (Reward) |
Satisfaction | motivated by desire to help others (Reward) |
Income | to earn a living (Reward) |
Creativity | proves an outlet for a person's need for creative expression (Reward) |
Loss | If the enterprise fails (Risk) |
Stressful | Waste of time and energy if the enterprise fails (Risk) |
Confident | in their own abilities - proactive (Characteristic) |
Determined/Motivated | willing to make sacrifices now for rewards later (Characteristic) |
Innovative | an urge to find a better way to do things (Characteristic) |
Risk takers | willing to take realistic risks (Characteristic) |
Decisive | yet flexible - often under pressure (Characteristic) |
Identify opportunities | being future focused (Skill) |
Set goals and plan | having a vision for the future (Skill) |
Time management | prioritising work to alleviate pressure (Skill) |
Stress management | ability to stay calm when under pressure (Skill) |
Social/communication skills | ability to gett on well with people e.g staff (Skill) |