enterprise

(noun)

A company, business, organization, or other purposeful endeavor.

Related Terms

Examples of enterprise in the following topics:

  • Information and Risk Trade-Off

    • IT risk relates to the business risk associated with the use, ownership, operation, involvement, and adoption of IT within an enterprise.
    • IT risk management can be viewed as a component of a wider enterprise risk management (ERM) system.
    • Some organizations have a comprehensive enterprise risk management methodology in place.
    • IT risk transverses all four of the aforementioned categories and should be managed within the framework of enterprise risk management.
    • Risk appetite and risk sensitivity of the whole enterprise should guide the IT risk management process.

  • Free Enterprise

    • A free-enterprise system is based on private ownership as the means of production.
    • The definition of free enterprise is a business governed by the laws of supply and demand, where the government has no involvement in its decisions or actions.
    • Capitalism is generally considered to be an economic system that is based on private ownership of the means of production and the creation of goods or services for profit by privately-owned business enterprises.
    • Explain how free enterprise leads to the economic system of capitalism

  • Introduction to Small Business and the Corporation

    • In 19th-century America, as small agricultural enterprises rapidly spread across the vast expanse of the American frontier, the homesteading farmer embodied many of the ideals of the economic individualist.
    • In many industries, small enterprises had trouble raising sufficient funds and operating on a scale large enough to produce most efficiently all of the goods demanded by an increasingly sophisticated and affluent population.
    • Today, the American economy boasts a wide array of enterprises, ranging from one-person sole proprietorships to some of the world's largest corporations.
    • In 1995, there were 16.4 million non-farm, sole proprietorships, 1.6 million partnerships, and 4.5 million corporations in the United States -- a total of 22.5 million independent enterprises.

  • Government Corporations

    • Government corporations are revenue generating enterprises that are legally distinct from but operated by the federal government.
    • Fannie Mae and Freddie Mac are examples of government-sponsored enterprises that provide loans for mortgages and real estate investment.
    • In other instances, government-owned corporations are similar to private enterprises except that the government is the majority stockholder.
    • In the United States, there is a specific subset of government-owned corporations known as government-sponsored enterprises (GSEs).
    • Differentiate between a government-owned corporation, a government-sponsored enterprise, and organizations chartered by the government that provide public services

  • Considering the Organizational Life Cycle

    • The Enterprise Life Cycle is a model that underlines the way in which organizations remain relevant.
    • The Enterprise Life Cycle is the dynamic, iterative process of changing an enterprise over time by incorporating new business processes, technologies, and capabilities, as well as maintaining, using, and disposing of existing elements of the enterprise.
    • The Enterprise Life Cycle comes strongly into play in the elaboration stage.

  • Assets

    • Assets are resources as a result of past events and from which future economic benefits are expected to flow to the enterprise.
    • "An asset is a resource controlled by the enterprise as a result of past events and from which future economic benefits are expected to flow to the enterprise. "

  • Introduction to the Role of the Government in the Economy

    • America points to its free enterprise system as a model for other nations.
    • But exactly how "free" is business in America's free enterprise system?

  • Expanding into Foreign Countries

    • A multinational corporation is a company incorporates itself in one country and operates in one or more foreign countries.For example, British Petroleum, General Electric, Toshiba, and Wal-Mart are multinational corporations with extensive business activities that span across the globe.Sometimes financial analysts use the term, multinational enterprise because a government could form a joint venture with a corporation, and the definition of an enterprise implies a broader meaning.
    • A multinational enterprise's goal is to earn profits.Therefore, they enter the international markets and foreign countries in the pursuit of profits.Every international enterprise has a choice.It could export to another country or relocate production outside their home country.For instance, many U.S. corporations relocated manufacturing outside the United States, althoughthe U.S. suffers from a high unemployment rate since the beginning of the Great Recession.
    • Thus, companies can develop new products and services, and compete with other companies.Furthermore, a multinational enterprise could tailor its goods and services toaccommodate different cultures and tastes.Finally, multinational corporations need access to capital because international activities require financing.Hence, a country must allow the free movement of money, and corporations are free to issue more stock, bonds, or receive bank loans without government interference.Consequently, a firm has twelve reasons to relocate production to another country, rather than to export.
    • Reason 3: An enterprise that moves its factories to a foreign country automatically avoids trade restrictions, like tariffs and import quotas.Government does not apply trade restrictions to products and services produced within a country.
    • Multinational enterprises are more complicated than businesses that remain in their home country.First, the businesses transfer resources, such as machines, equipment, and labor between different countries.Next, they ship products and services to other countries.Consequently, companies need excellent management in logistics, and specialists who monitors a country's different laws and regulations.Second, international enterprises are exposed to exchange rate risks and credit risks.Thus, a company's profit can quickly change due to fluctuations in currency exchange rates, or a company cannot get credit to finance operations in a specific country.Finally, enterprises have other exposures, such as country risk.For example, when Hugo Chavez became president of Venezuela, his government began nationalizing companies.Any international enterprise in Venezuela can experience the seizure of its assetswithout compensation.

  • Organized Crime

    • Organized crime refers to transnational, national, or local groupings of highly centralized enterprises run by criminals.
    • Organized crime refers to transnational, national, or local groupings of highly centralized enterprises run by criminals for the purpose of engaging in illegal activity, most commonly for monetary profit.

  • Crowding-Out Effect

    • Usually the term "crowding out" refers to the government using up financial and other resources that would otherwise be used by private enterprise.
    • Usually when economists use the term crowding out they are referring to the government using up financial and other resources that would otherwise be used by private enterprise.