CPSC 079 Lecture Notes - Lecture 3: Double Taxation, Statutory Corporation, Overdraft
Document Summary
By the end of this chapter, a student is expected to; Know what an enterprise is. understand the importance of small enterprises in an economy understand what factors underlie the success of an enterprise. Know how to manage the growth and success of a business enterprise. Know what role the government can play in promoting enterprise development. Introduction in today"s economic environment, the survival of big corporations has been affected by how these firms have fared on throughout their lifetimes. The early stages of any business are very important. Finally, the various motivational theories as put forward by the renowned schools of thoughts will be discussed at length. Enterprise: a well organized business set up that is constituted by a manager along with a team who work together to pursue a business goal, Industry cycle: the sequence of growth, maturity and decline of any industry that has an impact on the success or failure of a young firm.