Photo AI
Distinguish between enterprise and management - Leaving Cert Business - Question 9 - 2021
Question 9
Distinguish between enterprise and management. Enterprise refers to any attempt to start something new, involving innovation and risk-taking to create value. It cou... show full transcript
Worked Solution & Example Answer:Distinguish between enterprise and management - Leaving Cert Business - Question 9 - 2021
Step 1
Distinguish between enterprise and management.
Answer
Enterprise refers to any attempt to start something new, which can include launching a business or initiating a project. It embodies innovation and risk-taking to create new opportunities. Management, however, focuses on coordinating and overseeing the activities of an organization. It leverages human resources, processes, and strategic planning to achieve specific goals.
Step 2
Suggest an example of enterprise in a school.
Answer
An example of enterprise in a school could be a student starting a chess club. This initiative encourages students to engage in strategic games, fostering critical thinking and teamwork. Another example is when a teacher organizes a new women's soccer team, which promotes inclusivity and physical activity among students.