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What is Enterprise in Business?

What is enterprise in business? In simple terms, enterprise is the action or effort exerted on behalf of the business, which is manifested through its success. It is defined by Ford Motor Company as “the progress of the manufacturer in the improvement of his products, for the benefit of the consumer”. What is enterprise in business? It is an attitude or outlook that results in the achievement of a business objective.

How do you cultivate an enterprise attitude toward your business? First, identify what drives you to success and second, apply that attitude to your business activities. In what is enterprise in business? Your attitude toward your business’s success – whether it be sales success, production success, or whatever – is what truly determines your level of satisfaction with what you are doing.

Some people argue that what is enterprise in business is not so much an attitude as it is an awareness. They maintain that there are many factors involved in determining whether a business venture will succeed or fail. One such factor is the perception of the enterprise’s chances of success. The perception of these prospects should, therefore, be considered in relation to what is enterprise in business.

What is enterprise in business? Without an attitude, what is enterprise in business would be nothing more than senseless weariness. Without an attitude, what is enterprise in business would be dead in the water. However, with an appropriate attitude, what is enterprise in business can be both alive and well. Let us consider what is enterprise in business in this regard.

First, what is enterprise in business is a positive attitude. A business enterprise is nothing more than a series of linked efforts. Each of these efforts results in the creation of some real or potential physical object or idea. Each of these linked attempts then creates a cumulative total. When this total is realized, success occurs – success in bringing into being the tangible object or idea that is created by all the linked efforts.

To illustrate what is enterprise in business with an example,consider the following historical example. Henry Ford, the great manufacturer and entrepreneur, knew that it was necessary to establish a manufacturing base in order to achieve the enormous sales levels that would generate substantial profit. It was necessary, furthermore, for Ford to have a highly organized supply chain in place in order to maximize the productivity levels that would result in increased profits. In other words, to bring Ford’s production process up to par, it was necessary for him to have an organization in place which was made up of employees who were dedicated, focused, and knowledgeable enough to know how to bring all the aspects of the production process together to create the finished product that everyone wanted and which would result in the profits that Ford wanted and, thus, the extraordinary success that he had experienced.

What is enterprise in business? In this regard, remember the Ford Motor Company. Henry Ford knew that to achieve his ultimate goal of producing and selling the Model T, it was necessary for him and for his production staff to have what is called an “industrial body” – something which brought all the various aspects of the production process together under one coordinating control. Ford’s industrial body was his Production Department. And his company’s what is enterprise in business? It was his sales force and his suppliers who provided the necessary resources for Ford to realize all of his sales goals.

Now, consider the current situation. An organization such as yours might be considered what is enterprise in business because it has developed a highly effective process for achieving its various objectives. Your organization has developed a system for integrating all of its various processes under a central management structure which also brings them under one focused direction. You have developed a strategy for making the most of your unique capabilities and opportunities for increasing customer satisfaction and for reducing your cost of goods sold while maximizing your revenue and optimizing your returns. Finally, you have developed a marketing plan for capturing these new opportunities and building upon your initial successes.

What is Enterprise in Business?

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