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What Is an Enterprise? Definition and Example. Enterprise companies are large businesses with complex structures and needs. Find out what an enterprise business does and how Shopify supports enterprises in this post.
An enterprise is an independent and organizationally separate business entity with the legal rights: it is involved in the production and sale of goods, execution of work, and provision of services. Just think of the biggest companies in tech, retail, or healthcare—they are all enterprises.
An enterprise might, for example, have a legal team, a marketing department, an IT department, and resources to start new ventures. Enterprise-type businesses also typically manufacture or sell a variety of goods and services to meet the needs of various markets.
A credit union, a coffee shop that sells fair-trade beans and hires candidates from at-risk communities, or a neighborhood food co-op are all examples of social enterprises.
Examples of enterprises. With a better understanding of what an enterprise is and isn’t, let’s discuss some enterprise examples. Pelz-Sharpe says all Fortune 500 companies are considered enterprises. That includes companies such as Ford, Microsoft, GE, and Oracle.
Example Of Enterprise In Business. Enterprise is linked so closely to everything in business. It’s what drives people to new business ownership, and it’s what continues business owners on the path to growth.
Now let’s look at our list of 22 Awesome Social Enterprise Examples! Social Supermarket (Business Model: Fee for Service. Example: Community Shop) – Create a food market that sells food to low-income communities at a discounted price. Discounted food is donated (or purchased very cheaply) from food suppliers and other supermarkets, who ...