How important is
innovation and
enterprise to today’s
business?
By ………………
,What is enterprise and innovation?
❏ Enterprise
❏ An enterprise is defined as an initiative, a willingness to take on a new venture, an
undertaking, or a business venture. A new start-up company is an example of an enterprise.
An individual taking the initiative to start a company is an example of enterprise.
❏ This is a form of entrepreneurial activity, most specifically hen corresponding to
initiative and resourcefulness.
❏ Innovation
❏ The development and implementation of ideas that changed the way things are done or
what can be accomplished is referred to as innovation. New products or services, or
enhanced business methods, improvements in the way the products are sold, or the
implementation of new technologies may all result from invention.
❏ In the mindset of innovation in business, it's not just simply doing something
completely different, but the general mindset of how to improve and exceed its
current state.
, Enterprise
❏ The term "enterprise" refers to a for-profit business or corporation, but it is most commonly
associated with entrepreneurial activities. People who have achieved entrepreneurial success are
often referred to as "enterprising." There are several types of legal enterprises, with the most
prevalent in the Western Hemisphere.
❏ Creating completely new and enhanced goods and services, often in response to rapidly evolving
customer or market preferences or needs. Adding value to existing goods, services, or markets in
order to distinguish the company from rivals and enhance the contribution of consumers and
markets.
innovation and
enterprise to today’s
business?
By ………………
,What is enterprise and innovation?
❏ Enterprise
❏ An enterprise is defined as an initiative, a willingness to take on a new venture, an
undertaking, or a business venture. A new start-up company is an example of an enterprise.
An individual taking the initiative to start a company is an example of enterprise.
❏ This is a form of entrepreneurial activity, most specifically hen corresponding to
initiative and resourcefulness.
❏ Innovation
❏ The development and implementation of ideas that changed the way things are done or
what can be accomplished is referred to as innovation. New products or services, or
enhanced business methods, improvements in the way the products are sold, or the
implementation of new technologies may all result from invention.
❏ In the mindset of innovation in business, it's not just simply doing something
completely different, but the general mindset of how to improve and exceed its
current state.
, Enterprise
❏ The term "enterprise" refers to a for-profit business or corporation, but it is most commonly
associated with entrepreneurial activities. People who have achieved entrepreneurial success are
often referred to as "enterprising." There are several types of legal enterprises, with the most
prevalent in the Western Hemisphere.
❏ Creating completely new and enhanced goods and services, often in response to rapidly evolving
customer or market preferences or needs. Adding value to existing goods, services, or markets in
order to distinguish the company from rivals and enhance the contribution of consumers and
markets.
