The Key to a Successful Enterprise
Galib Ahmed
What is an Enterprise?
• A for profit business which is run by an entrepreneur, is called an enterprise.
• According to Pelz-Sharpe, we do not recognize nonprofit organizations as
enterprises.
Characteristics of an Enterprise
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Objective Analysis
Clear Purpose
Transparency
Actionable
Internal Capability
Classifications (According to Business type)
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5.
Sole Proprietorship
Partnership
Private Limited Company (Ltd.)
Public Limited Company (PLC)
Limited Liability Company (LLC)
Classifications (According to Size)
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Micro Enterprises (fewer than 10 employees)
Small Enterprises (10-49 employees)
Medium Enterprise (50-249 employees)
Large Enterprise (more than 250 employees)
Successful Enterprises
The success of an enterprise can be measured by how it impacts on social, financial
conditions and satisfaction of its customers and employees.
Keys to Successful Enterprise
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Knowing the competition
Organized
Creativity
Sacrificing Mentality
Consistency
Risk Factors
Stay Focused
Plan B
Successful Enterprise Challenges
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2.
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5.
Cash flow management
Hiring employees
Time management
Marketing Strategy
Raising Capital
How to Minimize These Challenges
The challenges faced by an enterprise can be minimized by taking control of the
actions, proper communication and managing motivation.
Examples
There are a numerous number of successful enterprises in the universe which
overcame their difficulties and challenges. For example, JP Morgan Chase, Morgan
Stanley, Sharp, Apple, Alphabet can be mentioned.