The Difference Between Enterprise and Entrepreneurial Firmness

Enterprise, as defined by Webster means “a large and complex body of people working together.” It can also mean “doing things together.” I define enterprise as any for-profit company begun and operated by an individual. And most often will say that those running such companies are truly entrepreneurial. The roots of this word actually lie in the French term entrengre (from fendore) meaning to undertake, which ultimately comes from the Latin word inter serendre (to bind).

Enterprise

The word entrepreneur itself is an interesting word in that it not only connotes activity that is conducted on a private basis, but that there is an inherent danger in undertaking activities outside of one’s own skills or abilities. Thus an individual who is an entrepreneur would likely describe himself/herself as someone who is capable of innovating new business ideas and techniques in a manner that brings about greater benefits than the exercise of his/her natural abilities and knowledge. This would be a definition of a true entrepreneur. Likewise, an enterprise software program would be most appropriately described as an enterprise application because of its ability to help businesses achieve their goals through the use of technology. Both the entrepreneur and the enterprise software applications are essential parts of what is known as an enterprise.

As we have seen, there is much difference between an enterprise and a commercial enterprise. One cannot “profit” from another without becoming involved with both. To an entrepreneurial person, the distinction between a commercial enterprise and an enterprise is quite unclear and can sometimes be misconstrued as a difference between public and private enterprise. The reality is that the term enterprise applies to all kinds of enterprises that involve people, money, and assets.