Enterprise Technology & Analysis for Enterprise ETI 6134 Dr. Karla Moore

Content  Definition  Classification  Identification  Important Elements  FAQs

Enterprise definition Enterprise may refer to: Computer In the computer industry, an enterprise is an organization that uses computers. A word was needed that would encompass corporations, small businesses, non-profit institutions, government bodies, and possibly other kinds of organizations. The term enterprise seemed to do the job. In practice, the term is applied much more often to larger organizations than smaller ones. Business A business organization

Enterprise definition Enterprise may refer to: Software Enterprise software is software intended to solve an enterprise problem (rather than a departmental problem) and often written using an Enterprise Software Architecture. Due to the cost of building what is often proprietary software, only large organizations attempt to build such software that models the entire business enterprise and is the core IT system of governing the enterprise and the core of business communications within the enterprise..softwareEnterprise Software Architecture proprietary softwareIT

Enterprise definition Enterprise may refer to: Other definitions The entire organization, including all of its subsidiaries. It implies a large corporation or government agency, but it may also refer to a company of any size with many systems and users to manage. It depends on context. A corner candy store is "someone's enterprise." The terms "enterprise," "company," "corporation" and "organization" are used synonymously.

Enterprise Classification Enterprise Category Headcount Large>500 Medium-sized<500 Small<100 Micro/Small Office/SOHO <10

Enterprise Identification  You can find enterprising behavior almost everywhere:  In large companies as well as small ones;  In the public sector as well as private enterprise;  In not-for-profit organizations;  In your local high street.

Enterprise Identification  Its essential qualities are:  It is driven by opportunity;  There is an entrepreneur or entrepreneurial management team;  The individual or team is associated clearly with the opportunity and depend on its outcome; and  There is a path to realizing value within a defined time-frame.

Enterprise Identification  Growth enterprise takes investment. A new business needs help to bring it into the world and at critical stages in its growth. Lots of help:  Cash, support, encouragement, and professional skills.  Help is hardest to find, of course, just when it is needed most – in the earliest stages.  If the business is not generating enough cash to provide working capital and funds for its expansion, the entrepreneur has to look for help

Enterprise Elements  Vision: The dream!!. It's where you want to go, what you want to be. It's perfectly appropriate for your dream to be unattainable, to be just out of reach. It's what you reach for. The vision statement is where you describe this dream for your business.  Mission: It is where you start to show how this dream is going to become a reality. You identify major goals that must be accomplished. You identify how you are going to operate as you go about meeting the major goals. You identify significant factors that will be necessary for you to reach those goals: the products or services you will provide, the kind of people you will need.

Enterprise Elements  Objective and Goals  Strategies  Unlike the dream, the mission should reflect achievable goals - they can be challenging, a real stretch, but if they aren't achievable, they're not goals for a mission, they're still a vision or dream. 

FAQs Q1: Is ‘‘enterprise’’ an activity restricted to a special kind of person? A: No, there’s growing evidence that entrepreneurial management is a skill that can be learned, and today enlightened companies seek and encourage it among their employees.

FAQs Q2: Is an ‘‘entrepreneur’’ a risk-taker? A: Entrepreneurs don’t take risks for their own sake. Business people at every level take risks daily! An entrepreneur manages the risks of growing a commercial enterprise, which is inherently riskier than maintaining a mature business. Q3: How do entrepreneurs fund their visions? A: A few have personal means; some attract ‘‘business angels’’; others attract venture capital companies and corporate investors.

FAQs Q4: How has the Internet influenced enterprise? A: As in the Klondike gold rush a century earlier, the dotcomboom/bust resulted in many broken dreams and painful lessons about impatient money. Q5: Is enterprise a global business phenomenon? A: Certainly. It is found in local companies worldwide; in large companies defined as multi-local; and in truly global companies.

FAQs Q6: What does a potential investor seek in a business plan? A: The keys to success Q7: Enterprise seems a huge subject. Can you define it? A: There is no agreed definition, but we’d opt for ‘‘a sustainable process of profitable disruption.’’