Understanding Enterprise: Types and Impact on Society
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.
Download Presentation
Please find below an Image/Link to download the presentation.
The content on the website is provided AS IS for your information and personal use only. It may not be sold, licensed, or shared on other websites without obtaining consent from the author. Download presentation by click this link. If you encounter any issues during the download, it is possible that the publisher has removed the file from their server.
E N D
Presentation Transcript
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
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
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
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
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
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
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
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
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
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
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
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
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
Chapter 16 The role of cultural enterprises in society Promote arts and culture Create employment Support the local economy Entertainment Textbook page reference: 198
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
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.
Chapter 16 Credit slide Shutterstock
