1.2 Entrepreneurship and enterprises

The dynamic nature of business

Why new business ideas come about

How new business ideas come about

Risk and reward

The role of business enterprise

Adding value

Human resources decisions

changes in customer trends

advances in technology

changes in what customers want

products and services become obsolete

The role of entrepreneurship

Financial decisions

social media

more affordable tech

more efficient marketing

e-commerce

customer feedback

create an original product

adapt an existing product