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1.2 Entrepreneurship and enterprises - Coggle Diagram
1.2 Entrepreneurship and enterprises
The dynamic nature of business
Why new business ideas come about
changes in customer trends
advances in technology
social media
more affordable tech
more efficient marketing
e-commerce
customer feedback
changes in what customers want
products and services become obsolete
How new business ideas come about
create an original product
adapt an existing product
Risk and reward
The role of business enterprise
Adding value
Human resources decisions
The role of entrepreneurship
Financial decisions