What does enterprise mean?

Enterprise is a term that has several definitions. Sometimes, the word “enterprise” is used to refer to any business, project, or initiative. Most often, however, a business described as an enterprise will have specific characteristics.

What is an enterprise business?

An enterprise business is a business with unlimited liability – that is to say, the business owner is fully responsible for the risks they take and if things go wrong, they’ll have to make it right. Enterprise businesses take on huge financial risks to make a profit, so entrepreneurs are so closely linked with businesses of this nature.

What are the characteristics of an enterprise?

Sometimes, the word “enterprise” is used to refer to any business, project, or initiative. Most often, however, a business described as an enterprise will have specific characteristics. Enterprises are typically large, complex organizations with various divisions and departments managed by a board of directors or an executive team.