Assessment of a Business Against the Qualities of an Entrepreneur (Grade 11 NSC Matric Business Studies): Flashcards

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Assessment of a Business Against the Qualities of an Entrepreneur
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Triple bottom line components

Profits, people, and planet

Origin of the word 'ethics'

Greek word 'ethos' meaning character

What strategic focus involves

Clear leadership, effective management, proper planning

Market knowledge definition

Understanding factors that could impact the business

Qualities good leaders bring

Energy, enthusiasm, and urgency

Sustainability in business

Operating without environmental/community damage

Why customer retention is vital

Ensures continued profitability and sustainability

Foundation of business profitability

Sound financial mgmt and good accounting practices

Who founded Lush and when

Mark Constantine in 1995

Purpose of Lush's Mafia Meeting

Annual review to discontinue underperforming products

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