Enterprise Skills
What is the definition of enterprise ?
is the act of doing something new and challenging, taking the initiative and being prepared to take the risk. The risk may be in the form of money, time, reputation, energy, career commitment, etc.
What are the 3 main types of Economic Activity?
Primary Secondary Tertiary
What does SEM and ICT stand for
Single European Market
Information Communication Technology
What is the difference between oral and visual communication?
Oral is spoken word (meetings), whereas visual is using charts, graphs, videos & television to send a message
Describe one challenge a student may face when completing work experience.
1. No meaningful work
2. Lack of training for tasks
3. Being excluded from other employees
Name two skills for an entrepreneur
time management skills, communication skills, ICT skills, leadership skills, interpersonal skills, Human Relation skills, decision making skills, creative skills
Give an example of Primary, Secondary and Tertiary economic activities
P: farming, fishing, forestry, mining
S: manufacturing cars, building construction, steel manufacturing, food processing
T: retail, tourism, banking, education, healthcare
One positive to being a part of the SEM
Free movement of goods, services, capital and people
What does AGM and EGM stand for?
Annual General Meeting
Extraordinary General Meeting
Give one support available for someone completing work experience
Family member
Class mates
Teachers
Employer/Employees
Name two qualities of an entrepreneur
proactive, hardworking, realistic, risk taker, self confident, flexible, ambitious.....
Give two benefits of business enterprises setting up in the local area.
provide employment, more business for surrounding enterprises, local enterprises usually support local sports clubs
(1) More competition
(2) Cheaper costs in other EU countries disincentivise businesses from setting up in Ireland
What does AOB stand for?
Any Other Business
State one step that you should take to prep for a job interview.
examine job description
research the company
engage in interview etiquette
Give three benefits of teamwork
Sharing ideas, Sharing the workload, Decision-making, A range of experiences, skills and strengths are shared, Responsibility is shared, Work gets completed faster, Interpersonal and communication skills are improved
List 3 benefits of a business plan
- Sets the short and long-term objectives of the enterprise, so that everyone is working towards the same objectives.
- The enterprise can be evaluated by comparing progress against the objectives.
-It lets everybody know what has to be done and their role and functions.
-It puts a time frame on when objectives should be achieved.
-It identifies the resources available, and the resources needed.
-It helps to keep the business focused, and the outcomes can be measured against the objectives.
-Highlights difficulties and challenges before they actually occur.
-It helps to determine the amount of capital that will be needed
Give two benefits of businesses using ICT
-Mobile phone and tablet technology allow the business to contact sales people, enable staff to work remotely, etc.
-Video-conferencing saves time and travel expenses.
-The Internet is used to research information or to advertise on web pages, allowing global access.
Explain; Notice, Agenda, Minutes
-NOTICE: sent out to all member of a club or shareholders in a company. Gives details on when and where the meeting will take place.
-AGENDA: It is a list of topics to be discussed at the meeting. It is prepared by the secretary and sent to all members or shareholders
-MINUTES: A short written record of what took place at the meeting and what decisions were made. It is prepared and sent out by the secretary
Give on good Question that u may be asked in an interview that you should prep for.
Why do you want this job?
Why should we employ you?
What hours are you available to work?
What are the 5 stages of working in a team?
Forming, Storming, Norming, Performing, Adjourning (Transforming).
When starting-up and growing an enterprise, advice, finance, other supports and training are available from a variety of sources..... like what ?
Local Enterprise Office
Enterprise Ireland
Give two disadvantages of ICT for a business
-Technology can be ‘hacked’, websites can crash, etc.
-ICT is rapidly developing and this results in new costs.
-Social media platforms can be manipulated.
Give the duties of each of the following people; Chairperson, Treasurer, Secretary
CHAIRPERSON: Declares the meeting open. Chairs the meeting. Keeps order at the meeting. Follows the agenda. Puts motions to a vote, Choses the date, time and venue for the meeting. SECRATARY: Makes out the agenda. Notifies all those entitled to attend. Makes arrangements for the meeting. Takes minutes at the meeting. Reads out all correspondence. Writes up minutes after the meeting. TREASURER: Collects subscriptions and issues receipt. Lodges all money received into the bank. Pays bills for the club. Keeps financial records. Prepares a receipts and payments a/c and an income and expenditure a/c for the club. Gives a financial report at the AGM.
Differentiate between letter of application and CV
A CV is a comprehensive document listing your full professional history, education, and skills, while an application (or cover) letter is a personalised letter that highlights how your qualifications specifically match the job you're applying for.