Introduction to Enterprise IGCSE Y7

What is enterprise?

• Organisation or business managed by one or more individuals who are able to take the initiative to make decisions and take calculated risk.

• Individuals or people who come up with new ways to solve problem to help them make their life easier or better.

Enterprise can be divided into two which are?

• Business & Social

• Enterprise & Business

• Social & Community

• Social & Enterprise

What is the purpose of business enterprise?

• Make profit and as a way to sustain the enterprise.

• Make profit and reinvest into business to grow.

What is the purpose of social enterprise?

• Organisation that generate profit and distributed to its owners or shareholders.

• Organisation that started up to for social causes and improvement of society.

What is entrepreneur?

• A person who do the charity works.

• A person who manage the social organisation.

• A person who starts up a new business or enterprise.

• A person who manage the goverment.

The key attributes that comprise enterprise capability are:

What is stakeholder?

• an individual, group or organisation with an interest in the activities of a business.

• the people who do the work in an enterprise and earn a living from the operations of business.

The main stakeholders in an enterprise divided by

• two

• three

• four

• five

External stakeholders are

• Employees / owners / shareholders

• Customers / consumers / government

• Owners / consumers / government

• Employees / government / shareholders

Internal stakeholders are

• Employees / owners / shareholders

• Customers / consumers / government

• Owners / consumers / government

• Employees / government / shareholders