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Setting up a new enterprise - Coggle Diagram
Setting up a new enterprise
have 6 keyword
Action planning
have 4 definition
first definition
This involves, making plans for the enterprise activity keeping the costs,
budget and financial capability in mind.
second definition
Breaking down goals into achievable tasks.
third definition
Using resources and team members most efficiently.
1 more item...
enterprise process
just have 1 definition
The various stages involved in starting and running an enterprise.
Implementing the plan
have 3 definition
first definition
To be successful, enterprise activities must be carried out efficiently,
effectively, lawfully and with due regard to health and safety.
second definition
All milestones, timescales and health and safety issues identified in the plan
should be frequently referred to.
third definition
Things don’t always work out as planned and unexpected events do happen.
In such a case, decision-making needs to be quick, flexible and responsive.
Evaluation of successes and failures
have 2 definition
This involves reviewing the final outcomes against achievement criteria.
Skills, attitudes, qualities, understanding acquired and lessons learned should also be assessed and reflected on to enhance the success of future enterprise projects or activities.
Monitoring Progress
have 2 definition
Constantly monitoring and evaluating progress against the objectives set out
is a way to make sure that projects are tracked and any deviations identified.
If tasks are not done and objectives not met on time, corrective action/
adjustments need to be done in response to any deviations from the plan.
Identifying the problem
have 3 definition
first definition
A combination of group discussion, brain storming and individual reflection
should be used to identify and understand the problem, need or want.
second definition
A suitable risk assessment needs to be carried out before starting an
enterprise activity.
third definition
The identification of the enterprise opportunity/idea should be backed up
with thorough research about the market need.