Understanding Enterprise: Types and Impact on Society

 
Chapter 16: Types of Enterprise
 
Learning intentions
Chapter 16
Textbook page reference: 192
 
In this chapter you will learn to:
Distinguish between financial, cultural and social enterprises
Discuss the key features of each type of enterprise
Appreciate the role played by different categories of
enterprise in society.
Chapter 16
Textbook page reference: 193
 
Types of enterprise
 
Local organisations 
operate
in a specific local area
National organisations
operate or have branches
all over Ireland
Global organisations 
are
very large and have
operations all over the
world.
Chapter 16
Textbook page reference: 193
 
Financial enterprises
 
A
 financial (or commercial) enterprise
 is set up to make a profit
by selling a product or service.
Chapter 16
Textbook page reference: 193
 
The role of financial enterprises in society
Chapter 16
Textbook page reference: 193
 
Not-for-profit enterprises
 
Not-for-profit
 enterprises include charities and voluntary
organisations that provide a range of services and benefits to
communities.
Chapter 16
Textbook page reference: 194
 
Local Enterprise Offices
 
Thirty-one 
Local Enterprise Offices (LEOs) 
across the country
offer a range of support and services to people interested in
starting up a new business.
Chapter 16
Textbook page reference: 194
 
Local Enterprise Offices
 
Financial advice 
to entrepreneurs and direct financial support
for micro-businesses with fewer than 10 employees
A 
mentoring service 
that enables entrepreneurs to seek advice
from experienced business professionals
A 
business information, advisory and training service 
that
helps entrepreneurs to upskill in some areas of business
management.
Chapter 16
Textbook page reference: 194
 
Enterprise Ireland
 
Enterprise Ireland 
is a government organisation that helps Irish
start-up enterprises that have the potential to create employment
by exporting their goods and services to overseas markets.
Chapter 16
Textbook page reference: 194
 
Enterprise Ireland
 
Financial support 
for start-up and expanding enterprises
Research and development (R&D) 
to help Irish enterprises
become more innovative and competitive in international
markets
Export assistance
, including introductions to overseas
customers and information about selling in overseas markets.
Chapter 16
Textbook page reference: 194
 
What is social enterprise?
 
A
 social enterprise 
is one that puts people and community ahead
of private and personal gain.
Chapter 16
Textbook page reference: 195
 
Support for social enterprise
 
Credit Unions
Credit unions exist to serve members’ needs, not necessarily to
make a profit. Surplus income generated is returned to
members as a dividend or is used to improve or add services for
members. Members’ savings are used to fund loans to other
members of the credit union.
 
Social Entrepreneurs Ireland (SEI)
SEI is a not-for-profit organisation that
helps social entrepreneurs by providing
financial and practical support.
Chapter 16
Textbook page reference: 195
 
The role of social enterprises in society
Chapter 16
Textbook page reference: 197
 
Cultural enterprises
 
A 
cultural enterprise 
provides local or national consumers with
access to the arts and cultural activities and events.
Chapter 16
Textbook page reference: 198
 
The role of cultural enterprises in society
Chapter 16
Textbook page reference: 198
 
Support for cultural enterprise
 
Culture Ireland
Culture Ireland, a division of the
Department of Culture, Heritage and the
Gaeltacht, is responsible for promoting
Irish arts worldwide.
Arts Council of Ireland
The Arts Council of Ireland is a government
organisation with responsibility for
developing the arts.
 
Recap and review
Chapter 16
 
Can you:
Distinguish between financial, cultural and social enterprises?
Discuss the key features of each type of enterprise?
Appreciate the role played by different categories of enterprise
in society.
 
Credit slide
 
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Chapter 16
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Explore the various types of enterprises such as financial, cultural, and social, and understand their key features and roles in society. Learn about local, national, and global organizations, financial enterprises' profit-making activities, and the societal contributions of both for-profit and not-for-profit enterprises. Uncover the support and services offered by Local Enterprise Offices (LEOs) to budding entrepreneurs and micro-businesses, along with the role of Enterprise Ireland in fostering business growth.


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  1. Chapter 16: Types of Enterprise

  2. Chapter 16 Learning intentions In this chapter you will learn to: Distinguish between financial, cultural and social enterprises Discuss the key features of each type of enterprise Appreciate the role played by different categories of enterprise in society. Textbook page reference: 192

  3. Chapter 16 Types of enterprise Local organisations operate in a specific local area National organisations operate or have branches all over Ireland Global organisations are very large and have operations all over the world. Textbook page reference: 193

  4. Chapter 16 Financial enterprises A financial (or commercial) enterprise is set up to make a profit by selling a product or service. Textbook page reference: 193

  5. Chapter 16 The role of financial enterprises in society Provides goods and services Provides employment Provide finance for others Pay tax to the government Boosts economic growth Textbook page reference: 193

  6. Chapter 16 Not-for-profit enterprises Not-for-profit enterprises include charities and voluntary organisations that provide a range of services and benefits to communities. Textbook page reference: 193

  7. Chapter 16 Local Enterprise Offices Thirty-one Local Enterprise Offices (LEOs) across the country offer a range of support and services to people interested in starting up a new business. Textbook page reference: 194

  8. Chapter 16 Local Enterprise Offices Financial advice to entrepreneurs and direct financial support for micro-businesses with fewer than 10 employees A mentoring service that enables entrepreneurs to seek advice from experienced business professionals A business information, advisory and training service that helps entrepreneurs to upskill in some areas of business management. Textbook page reference: 194

  9. Chapter 16 Enterprise Ireland Enterprise Ireland is a government organisation that helps Irish start-up enterprises that have the potential to create employment by exporting their goods and services to overseas markets. Textbook page reference: 194

  10. Chapter 16 Enterprise Ireland Financial support for start-up and expanding enterprises Research and development (R&D) to help Irish enterprises become more innovative and competitive in international markets Export assistance, including introductions to overseas customers and information about selling in overseas markets. Textbook page reference: 194

  11. Chapter 16 What is social enterprise? A social enterprise is one that puts people and community ahead of private and personal gain. Textbook page reference: 194

  12. Chapter 16 Support for social enterprise Social Entrepreneurs Ireland (SEI) SEI is a not-for-profit organisation that helps social entrepreneurs by providing financial and practical support. Credit Unions Credit unions exist to serve members needs, not necessarily to make a profit. Surplus income generated is returned to members as a dividend or is used to improve or add services for members. Members savings are used to fund loans to other members of the credit union. Textbook page reference: 195

  13. Chapter 16 The role of social enterprises in society Helps tackle social problems Provides services Creates and supports employment Provides finance for others Helps create an enterprise culture Textbook page reference: 195

  14. Chapter 16 Cultural enterprises A cultural enterprise provides local or national consumers with access to the arts and cultural activities and events. Textbook page reference: 197

  15. Chapter 16 The role of cultural enterprises in society Promote arts and culture Create employment Support the local economy Entertainment Textbook page reference: 198

  16. Chapter 16 Support for cultural enterprise Culture Ireland Culture Ireland, a division of the Department of Culture, Heritage and the Gaeltacht, is responsible for promoting Irish arts worldwide. Arts Council of Ireland The Arts Council of Ireland is a government organisation with responsibility for developing the arts. Textbook page reference: 198

  17. Chapter 16 Recap and review Can you: Distinguish between financial, cultural and social enterprises? Discuss the key features of each type of enterprise? Appreciate the role played by different categories of enterprise in society.

  18. Chapter 16 Credit slide Shutterstock

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