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LC 2.4 Enterprise

TermDefinition
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)
Created by: killorglincc
 

 



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