What do you mean enterprises

Words nearby enterprise enterotoxin , enterotropic , enterovirus , enterozoa , enterozoon , enterprise , Enterprise Allowance Scheme , Enterprise Investment Scheme , enterpriser , enterprise zone , enterprising. Words related to enterprise activity , business , company , firm , operation , program , project , trade , venture , industry , resource , action , affair , attempt , baby , bag , ballgame , bit , campaign , cause.

How to use enterprise in a sentence As an enterprise accelerator, Alchemist focuses primarily on seed stage companies that make their money from other companies rather than those that sell to consumers. Martin's Summer Rafael Sabatini.

Blackwood's Edinburgh Magazine, No. January, Hilda Lessways Arnold Bennett. King Robert the Bruce A. Log in Sign Up. Save Word. Essential Meaning of enterprise.

The new regulations are intended to encourage the growth of small, independent enterprises. He was criticized for his lack of enterprise in dealing with the crisis. Full Definition of enterprise. Synonyms for enterprise Synonyms business , company , concern , establishment , firm , house , interest , outfit Visit the Thesaurus for More.

Examples of enterprise in a Sentence Moving the drilling rig offshore was a costly enterprise. Agriculture is the main economic enterprise among these people.

When he purchased the company it was a thriving commercial enterprise. Recent Examples on the Web Michael Lewis, co-founder and former CEO of 3D cinema pioneer RealD, has been named chairman of the board of Campfire, a tech startup focused on advanced holographic collaboration for the enterprise market.

First Known Use of enterprise 15th century, in the meaning defined at sense 1. Learn More About enterprise. The three factors—land, labour, and capital—lie scattered. One person has land but no capital; another has capital but no land. The labour has neither; he has only his labour to offer. So all the factors of production lie apart from one another. Somebody must bring them together if production is to go on. This is what the entrepreneur does.

Hence organisation is a very important factor of production. Unless business properly organised, it cannot be a success. Only through a proper organisation of business will the other factors of production make their best contribution in the work of production. Otherwise labour may be misdirected or land and capital wasted.

Land may be very fertile and labour may be very efficient. But if the organiser is inefficient or incapable, the productivity of land and the efficiency of labour will be of no avail. There are several important functions which the entrepreneur performs, of which the following are the chief ones.

It is the entrepreneur who conceives the plan of a business. Either alone or with the help of friends he puts it into execution. He thus gives the business a start. Having decided which industry to enter, where to start it, what and how much to produce, and how and where to sell, the entrepreneur must now tackle the practical part of the problem.

First of all he must make the necessary financial arrangements. Then he must buy machinery and get it installed; he must hire labour, and assign them suitable jobs; he must buy the raw materials and organise each process of manufacture; and finally, he must make satisfactory arrangements to market the produce.

He has to direct production into the most profitable channels. He has to supervise every little detail so as to ensure maximum production. The entrepreneur may have some assistants to help him but he must keep the final control of business in his own hands.

Being responsible for the birth of the business; he cannot leave its destiny in the hands of anybody else. The entrepreneur has to take the consequences of his enterprise. He has to pay all the other factors of production in advance. It may be that he is rewarded with a handsome profit, or it may be that he suffers a heavy loss. Whatever the consequences, he must bear them. He has the final responsibility. To introduce innovations is another important function of an entrepreneur.

Innovation by the entrepreneur implies a variety of things. It may mean the introduction of a new method of production or improvement in the old method. It may consist of the introduction of a new commodity like the transistor radio sets or of a new maker of an old product like yet another brand of tooth paste.

Innovation may refer to the discovery of new materials, fresh sources of old materials, or new uses for materials and final goods. It also includes the opening of new markets. Innovation may take the form of new techniques in administration, finance, marketing, or human relations inside the business and public relations outside.

In short, an entrepreneur initiates, organises, directs and supervises controls and undertakes the risk of the business, and introduces innovations. In-a limited joint-stock company, the shares are usually held by a large number of persons, scattered all over the country. If the company fails, the shareholders lose their money. To the extent of the capital invested by him, a shareholder is an entrepreneur. In the industry of today, the number of shareholders is very large. They are supposed to elect from amongst themselves a small number of directors who conduct the business on their, behalf.

Shareholders are only sleeping partners. Thus, the shareholders who are the real entrepreneurs have little or no control over the business.