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chapter4

enterprise

TermDefinition
Entrepreneur Person who starts/sets up a business.
Entrepreneurship The activity of setting up a new business.
Human relations Entrepreneur skill of dealing with people.
Innovation Entrepreneur skill of identifying new ideas.
Intrapreneur Employee comes up with new ideas within a business.
Networking Connecting with people.
Proactive 'Get up and go' do things without being asked.
Reactive Only try and sort things once problems arise.
Planning Setting goals/targets to be achieved.
Risk Management Identifying and minimising risks.
SWOT Strengths, Weaknesses, Opportunities, Threats
Time Management Organising jobs from most urgent to least urgent.
Factors of Production Land (rent) Labour (wages) Capital (interest) Enterprise (profit)
Why Become an Entrepreneur? Own boss Keep all profit Flexible working hours
Created by: jackdarcy10
Popular Business sets

 

 



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