BTEC Enterprise Component 2

When a new product

or process is introduced to a market

• Innovation

• Break-Even

• Skill

• Skills Audit

The point where

income and expenditure are equal

• Innovation

• Break-Even

• Skill

• Skills Audit

The ability to

perform an action well

• Innovation

• Break-Even

• Skill

• Skills Audit

The process of

identifying what skills are needed and matching them to current skills to

identify training and development needs

• Innovation

• Break-Even

• Skill

• Skills Audit

The ability to

motivate others to achieve goals

• Leadership

• Personal

• Communication

• Technical

Skills normally

linked to a positive attitude

• Leadership

• Personal

• Communication

• Technical

Skills related to

sharing information with others. Done in a way that conveys the correct

message in a manner that is easy to understand

• Leadership

• Personal

• Communication

• Technical

Skills that include

specific knowledge of tools such as computer software.

• Leadership

• Personal

• Communication

• Technical

Skills useful to

perform specific tasks for example making goods or providing a service

• Practical

• Revenue

• Feasibility

• Market Segment

The money coming

into the enterprise. Commonly called income.

• Practical

• Revenue

• Feasibility

• Market Segment