Unit 20

ENTERPRISE IN IT
P1: Characteristics of a Successful Business
• What makes other enterprises successful?
• Why do organisations fail?
Some of the Characteristics
• 1. Have a clear vision Leadership
Employee relationship
• 2. Have a business plan Quality of products
finances
• 3. Create short-term goals
• 4. Skill development
• 5. Be a great marketer
• 6. Get to know your customers
• 7. Be willing to change
• 8. Be financially prepared
• 9. Never give up
• 10. Be passionate
P1: PRINCIPLES OF A SUCCESSFUL
ENTERPRISE
• What principles do successful enterprises adhere to?
Principles

• Become a great leader. ...

• Develop a successful business plan. ...
• Offer a great product or service. ...
• Surround yourself with great people. ...
• Create a great marketing plan. ...
• Generate great numbers. ...
• Staff your company with great managers. ...
• Perfect a great sales process
Principles

• Entrepreneur mindset
• Respect customers
• Give before receiving
Enterprise quiz
• Quiz 1:
• https://create.kahoot.it/details/enterprise/3c872db6-5261-40c8-97f6
-4cdb106d92fe

• Quiz 2:
• https://create.kahoot.it/details/enterprise-entrepreneurs/3c21e7df-fe
cc-43bc-831e-a7e5ceae5225

• https://create.kahoot.it/details/1-1-enterprise-and-entrepreneurship/
8fe59fdc-dee8-460a-968c-d6624cc1eca0
P1:Explain, using examples, the principles and characteristics
that lead to successful enterprises
• Lean Business Model vs Traditional business Model.
• What is a Lean Business Model?
• What is Traditional Business?
• What are the characteristics of a Lean Business Model?
• What are the characteristics of a Traditional Business Models?
Explain, using examples, the principles and characteristics that
lead to successful enterprises
• Lean Business Model vs Traditional business Model.
• What is a Lean Business Model?
• What is Traditional Business?
• What are the characteristics of a Lean Business Model?
• What are the characteristics of a Traditional Business Models?
Lean vs Traditional
• Lean business models, e.g. the Business Model Canvas and the Lean
Canvas, both of which identify how an enterprise will achieve its
objectives, including:
• – Strategy identifying short-, medium- and long-term objectives
• – Identification of product or service characteristics
• – enterprise infrastructure
• – pricing structures and revenue streams
•.
Lean VS Traditional
• Traditional business plans that provide a full description of the
proposed enterprise
• and are particularly designed to pitch the enterprise to potential
stakeholders identifying:
• – Product or service to be supplied
• – legal structure and operation
• – capacity requirements and resources required, e.g. finance, human,
physical, intellectual property
• – competitive environment and competitor analysis
D1:
• Evaluate, using examples, the principles and characteristics that lead
to successful enterprises and your own skills, justifying how any skills
gaps could be effectively overcome.
Technologies in IT Enterprises: Explain with
Examples
• Additive manufacturing (3D printing),
• Lean start-up,
• Cloud-based working,
• Integrated business systems,
• Open sourcing
• Artificial Intelligence and Machine
• Learning Automation and Robotics
• Crypto-currency and Blockchain
• Internet of Things
• Big Data
Assessment Task