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ENTERPRISE PROCESS AND BUSINESS ORGANIZATIONS - Coggle Diagram
ENTERPRISE PROCESS AND BUSINESS ORGANIZATIONS
deliver
The Enterprise Process Stages
are
Identifying Problem, Need or Want
Group discussion, brainstorming, individual reflection
Collecting ideas from stakeholders
Suitable risk assesment
Thorough market need research
Clear aim and vision
Consider expected rate of return (business)
Recognize required skills and skills gaps
Exploring Creative Solutions
Creative and innovative ways evaluated
Creativity and innovation are key traits
Analyze and evaluate ideas for effectiveness
Mind maps help explore links between ideas
Action Planning
Consider costs, budget, financial capability
Breaking goals into achievable tasks
Efficient use of resources and team members
Allocating roles based on strength/skills
Setting appropriate timescale and milestone
Implementing the Plan
Must be efficient, effective, lwaful
Due regard to health and safety
Frequent reference to milestone, timescales, H&S
Quick, flexible, responsive decision-making
Monitoring Progress
Constantly monitoring and evaluating against objectives
Tracking projects: identifying deviations
Corrective action/adjustments needed for deviations
Software tools useful for tracking
Evaluation of Success and Failures
Reviewing final outcomes against criteria
Drawing lessons for future improvement
Assessing acquired skills, attitudes, qualities, understanding
Types of Business Organisations
are
For-Profit
Sole trader
Partnershipp
Limited company
Private limited
Public limited
Co-operative
Franchise
Not-for-profit
Charities
Hybrid
Social enterprise
Characteristics
Different legal status
Own advantages and disadvantages