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Enterprise

Enterprise. AS Business Studies. Aims and Objectives. Aim: Understand what enterprise is, and the traits of entrepreneurs. Objectives: Define enterprise and entrepreneurship. Examine characteristics of entrepreneurs. Analyse and evaluate reasons as to why people become entrepreneurs.

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Enterprise

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  1. Enterprise AS Business Studies

  2. Aims and Objectives Aim: • Understand what enterprise is, and the traits of entrepreneurs. Objectives: • Define enterprise and entrepreneurship. • Examine characteristics of entrepreneurs. • Analyse and evaluate reasons as to why people become entrepreneurs.

  3. Starter • In groups decide on: • Definitions of entrepreneur and enterprise. 2) Decide upon which skills and qualities you feel are necessary to be a successful entrepreneur.

  4. Enterprise Enterprise: • The ability to come up with new ideas, new ways of doing things and to handle uncertainty whilst effectively managing change.

  5. Entrepreneurship Someone who has some of the following characteristics: • Risk Taker • Sets their own business up • Can manage the four factors of production: • Land • Labour (employees) • Capital (any kind of equipment used in production) • Enterprise (risk)

  6. Innocent • What skills and qualities did these entrepreneurs have? • What motivated them to become entrepreneurs?

  7. Motives for Becoming an Entrepreneur • In groups brainstorm reasons as to why people set up their own businesses and become entrepreneurs.

  8. Motives for Becoming an Entrepreneur

  9. Entrepreneur Examples • Think of 5 examples of entrepreneurs and be able to explain how they have been enterprising.

  10. Plenary • Give 2 characteristics of an entrepreneur. • What does it mean to be enterprising? • Explain 3 reasons people start their own businesses.

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