1. Unit 1: Enterprise in the business world

2. What is enterprise?
A willingness by an individual or a business to take risks, show initiative and undertake new ventures

3. The characteristics of enterprise
Showing initiative
Undertake new ventures
Risk taking

4. Risk Taking
Things may go wrong or not according to the plans of the entrepreneurs or company.
That said, if these risks have been considered and planned for, then they are usually easier to manage and address.
Example: Property developer & the recession

5. Showing initiative
U have to make the first move to get things done. It is also about developing creative solutions to problems and ‘thinking outside of the box’
Initiative is an essential enterprise skill which sets people aside from others.

6. Willingness for new ventures
You need to be willing to undertake new ventures and to be on the look out for new opportunities, “keep your eye on the ball”.
You need to have the courage to quit ventures that are less successful and pursue other ventures with better prospects, don’t be hard headed