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The key to successful enterprise

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The key to successful enterprise

  1. 1. The key to successful enterprise: Embrace change with ease Presented by: Leni Thomas.
  2. 2. Entrepreneur and Enterprise oAn entrepreneur is a person who organizes and manages a business undertaking, assuming the risk for the sake of profit. o A business enterprise is any type of organization that is involved in providing goods or services with the anticipated outcome of earning a profit.
  3. 3. Factors of success in business. 0Personal entrepreneur character(PEC), 0Clear objective, 0Efficient and effective business planning, 0Powerful decision, 0Availability of business support service, 0Great marketing and customer service, 0Continuous quality improvement, etc.
  4. 4. Key area that determine success  Marketing,  Finance,  Production,  Distribution,  R&D,  Regulations,  Labour
  5. 5. Reasons for failure of business. 0 Lack of money, 0 Lack of support, 0 Lack of knowledge.
  6. 6. Lifecycle of business
  7. 7. Why is change important in an organization. 0 Helps in growth and prosper, 0 Without change business will loose competitive edge and fail to meet the need of customer. 0 It helps in achieving agility, 0 Much easy to embrace change than to fight it, 0 We cannot predict how change will affect us, Yet successful enterprises are those that embrace change and use it, rather than resist or merely accept it.
  8. 8. How it works.
  9. 9. Areas of changes. 0 Technology, 0 Customer need, 0 The Economy, 0 Growth opportunity, 0 Challenging the status quo

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