The key to successful
enterprise: Embrace change
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.
Factors of success in
0Personal entrepreneur character(PEC),
0Efficient and effective business planning,
0Availability of business support service,
0Great marketing and customer service,
0Continuous quality improvement, etc.
Key area that determine
Reasons for failure of
0 Lack of money,
0 Lack of support,
0 Lack of knowledge.
Why is change important in an
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.