Business
Business Enterprise
A business enterprise refers to an organization or venture engaged in commercial, industrial, or professional activities with the primary goal of generating profit. It involves the combination of resources, such as capital, labor, and technology, to produce goods or services for the market. Business enterprises can take various forms, including sole proprietorships, partnerships, corporations, and cooperatives.
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3 Key excerpts on "Business Enterprise"
eBook - PDF- Norin Arshed, Mike Danson, Norin Arshed, Mike Danson(Authors)
- 2016(Publication Date)
- Goodfellow Publishers(Publisher)
Local business development agencies through national organizations up to and with supra-national bodies such as the EU are involved in forming, implementing and delivering such support for new and existing entrepreneurs. The chapter considers how acknowledging the importance of entrepreneurs and SMEs drives the attention and significance being paid to enterprise policy. To define, understand and review enterprise policy, it addresses such issues as the nature and form of enterprise policy, the economic rationale for under -taking it, its evolution into such a core element of economic strategy, and the main instruments of enterprise policy. Examples of effective and successful approaches are offered, as well as lessons for their transfer to other contexts. The final chapter in this volume addresses the principles of ethical business practice and explores their application in greater depth within the broad envi -ronment of modern business management. This examination of business ethics is included as a way of considering business management decision making that is substantially different from other areas of business management and entre -preneurship theory. Consistent with the discussions on social enterprises, social entrepreneurship and corporate social responsibility in Chapter 5, the discourse here stretches our understanding away from asking about what a business should do in order to achieve a particular objective, but rather asks about what a business should do – what might constitute good behaviour. Again, mirroring 13 1 Understanding Entrepreneurship: An Introduction the discussions in Chapter 5, the discussions in Chapter 12 allow us to contrast the fundamental aims and modus operandi of social enterprises with the aim of private businesses generally which is to make profit.
- Adhikary, Manas Mohan(Authors)
- 2021(Publication Date)
- Daya Publishing House(Publisher)
Components of HR Course/s: Agriculture to Agri-business 1. Basic Courses Organic/Quality Agriculture Practices Agriculture Product Marketing Food Quality Management International Marketing Technologies for Organic/Quality Production Value Addition in Agriculture Agripreneurship Development and Management Logistics and Supply Chain Management Organic/Quality Standards and Certification 2. Business Skill Courses Basic Language Skills Effective Communication Personality Development Business Soft Skills IT-ICT Application This ebook is exclusively for this university only. Cannot be resold/distributed. Chapter 2 Entrepreneurship Development and Management: Operational Concept and Dimension Sankar Kumar Acharya and Manas Mohan Adhikary What is an Enterprise? An enterprise is a continuous process of transforming any activity or investment into an innovative venture generating relentlessly both jobs and ideas, resource and value. What is a Business? A business is any kind of transition with in a stipulated goal and objective. Innovation and Enterprise, the prime mover for any enterprise building is innovation. Otherwise, enterprise is getting anything done newly or innovatively. The word enterprise is, at present, much used in a variety of context and with a wide range of meanings. Within this range there are narrow meanings of word specifically related to business, and there are wider meanings indicating a way of behaving that can apply in a variety of context, including business. The narrower meaning are closely linked to entrepreneurship, and in term, the concepts of enterprise and entrepreneurship embraced much that This ebook is exclusively for this university only. Cannot be resold/distributed. would be considered to be expression of small business activity. Indeed, the words enterprise, entrepreneurship and small business often appeared to be used interchangeably. The emerging enterprise domain is all set to embrace the following humane and managerial skill.
eBook - ePubArchitecting Enterprise
Managing Innovation, Technology, and Global Competitiveness
- . Rajagopal(Author)
- 2014(Publication Date)
- Palgrave Macmillan(Publisher)
Sustainable business development has emerged as an influential concept for firms to develop contextual policies, and it is increasingly felt within various sectors of industries that fundamental transformation is needed from conventional enterprise management patterns to best business practices led by innovation and technology. Entrepreneurship is increasingly being recognized in the above context as a significant channel for bringing the organizational and managerial transformation to the sustainable growth of enterprises. Many high-profile thinkers advocate entrepreneurship as leading toward the transformation of products and processes as a solution for growing socio-economic concerns across the world. Entrepreneurs have long been recognized as an instrument for exploiting emerging market opportunities. There remains a need to map the business prospects that lie beyond the pull of existing markets (Hall et al., 2010).Entrepreneurship also incorporates family businesses. Firms desiring continuously generative returns on investment and increasing margins of profit cannot rely on either strategy or entrepreneurship alone, but instead must successfully engage in strategic entrepreneurship. However, profitable niches evolve, shift, and disappear rapidly in the competitive market economy. Thus, some firms focus solely on entrepreneurial strategy, which might become an effective tool to sustain market competition in the long run. Without an effective strategy to create competitive advantage in pursuing these entrepreneurial opportunities, a firm will soon experience imitation by competitors whose offerings will erode its profits. Strategic entrepreneurship begins with an appropriate mindset among executives, and decisions that are then made within this mindset shape firm-level actions on exploring and exploiting opportunities. The balance of exploration and exploitation results in the key outcome of continuous innovation. One of the most pertinent challenges involved in pursuing strategic entrepreneurship is developing an appropriate mindset within the firm that can balance short- and long-term entrepreneurial objectives. A mindset refers to the cognitive frameworks through which new and existing knowledge is interpreted and used to inform decisions such as those regarding strategy and entrepreneurship (Webb et al., 2010).
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