Year 9 Being Enterprising

Discuss the reasons why it is important for a business to innovate and use enterprising behaviours to maintain an ‘edge’ over their competitors.

• For many businesses this edge comes from being able to produce goods or deliver services at a cheaper price than their competitors.

• Globalisation has resulted in Australian businesses now having to compete on a global scale.

• The Australian economy is interconnected with the global economy, presenting opportunities as well as challenges.

• Because they want the new, cool thing on the market.

Define the term: entrepreneur:

A person who organises a ________ _______, and assumes the financial risks associated with it, usually in the hope of making a profit.

The ______ needed to be an entrepreneur are:     

  Identifying innovative ideas and acting on them

Networking with people who may be able to assist

Solving problems creatively and collaboratively

Assuming the risk of implementing an idea and accepting possible failure

Vision skills

Entrepreneurial behaviours or skills that are important are:

Identifying __________ ideas and acting on them

Entrepreneurial behaviours or skills that are important are:

__________ with people who may be able to assist

Entrepreneurial behaviours or skills that are important are:

Solving problems creatively and _______________

Entrepreneurial behaviours or skills that are important are:

Assuming the ____ of implementing an idea and accepting possible failure

Entrepreneurial behaviours or skills that are important are:

V_____ s_____

Define the term: intrapreneur

An ________ of a business who demonstrates the qualities and skills of an entrepreneur

Identify the common strategies used by businesses to encourage entrepreneurial behaviours (multiple answers).

• Encouraging a culture of innovation

• Employee time

• Decentralisation of decision-making

• Training and development

• Rewards