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The Enterprise Process, if any, the stage of, involves, Ideas are then,…
The Enterprise Process
Skills Required
Essential for effective planning and success.
include
creativity
innovation
decision-making
leadership
skills gap
they must be identified and filled.
Exploring Creative Solutions
finding new or innovative ways
creativity and innovation
analysed and evaluated
Use mind maps to explore
Action Planning
Allocating roles
Setting timescales and milestones
Implementing the Plan
flexible decision-making
Carrying out activities
Monitoring Progress
Continuously checking progress
When deviations are identified
corrective action or adjustments
Evaluation of Successes and Failures
Reviewing the final outcomes and performance
Draw lessons from experiences to improve in the future.
Reflect on
skills
attitudes
qualities
understanding acquired
Types of Business Organisations
Sole trader – owned and run by one person
Partnership – owned by two or more individuals
Limited company – a separate legal entity from its owners.
Co-operative – owned and managed by its members.
Franchise – operates under another company’s brand and system.
Social enterprise – focuses on social or community benefit.
Not-for-profit / Charities – aim to serve society rather than make profit.
if any
the stage of
involves
Ideas are then
includes
take