| Young Enterprise | |
 |
|
| Founder(s) | Sir Walter Salomon[1] |
|---|---|
| Founded | 1962[1] |
| Key people | Sir Michael Savory (Chief Executive) Michael Geoghegan (Chairman)[2] |
| Area served | United Kingdom |
| Focus | Entrepreneurship |
| Members | 324,924 participants (2005/06 academic year)[2] |
| Slogan | Learning by Doing |
| Website | young-enterprise.org.uk |
Young Enterprise is a not-for-profit organisation in the United Kingdom involving students typically in their late teens, which allows them to start and run their own business usually for the period of one academic year. An entrepreneur is a person who has possession over a company enterprise, or Venture, and assumes significant accountability for the inherent risks and the outcome A chief executive officer ( CEO) or chief executive is typically the highest-ranking corporate officer ( executive) or administrator The United Kingdom of Great Britain and Northern Ireland, commonly known as the United Kingdom, the UK or Britain,is a Sovereign state located Entrepreneurship is the practice of starting new Organizations or revitalizing mature Organizations particularly new Businesses generally in response to identified An academic term is a division of an academic year the time during which a School, College or University holds classes A slogan is a memorable Motto or Phrase used in a Political, commercial, Religious and other context as a repetitive expression of A website (alternatively web site or Web site, a back-construction from the Proper noun World Wide Web) is a collection of Web pages The United Kingdom of Great Britain and Northern Ireland, commonly known as the United Kingdom, the UK or Britain,is a Sovereign state located A business (also called firm or an enterprise) is a legally recognized organizational entity designed to provide goods and/or services to An academic term is a division of an academic year the time during which a School, College or University holds classes
In such an arrangement, students form a business, create, sell, and market products, and attempt to generate profits to be distributed to shareholders. In popular usage "marketing" is the promotion of products especially Advertising and Branding However in professional usage the term has a wider meaning of A mutual shareholder or stockholder is an Individual or company (including a Corporation) that legally owns one or more shares of A business advisor, a volunteer arranged by Young Enterprise, is allocated to their business to help in decision-making.
There is also a multi-layered competition element to find the best overall companies and departments at local, regional and national level, in which candidate business have to create a trade stand and a presentation based on their specific businesses history and their product performance in the marketplace.
At each of these events - local, regional and national level - judges mark each businesses' efforts and present awards that often include Best Presentation, Best Innovation, and Best Trade Stand. Success in these awards counts towards the likelihood of a Young Enterprise company being presented with the Best Overall Company award at each level.
Young Enterprise also provides programs designed specifically for younger students to encourage their involvement in running a business.
The Young Enterprise Mission: "To inspire and equip young people to learn and succeed through enterprise. "
The Young Enterprise Vision: "That all young people will have the opportunity to gain personal experience of how business works, understand the role it plays in providing employment and creating prosperity, and be inspired to improve their own prospects, and the competitiveness of the UK. "
References
- ^ a b History of Young Enterprise. Retrieved on 2008-06-10. 2008 ( MMVIII) is the current year in accordance with the Gregorian calendar, a Leap year that started on Tuesday of the Common Events 1190 - Third Crusade: Frederick I Barbarossa drowns in the Sally River while leading an army to Jerusalem
- ^ a b Young Enterprise Annual Review (2006-11-16). Year 2006 ( MMVI) was a Common year starting on Sunday of the Gregorian calendar. Events 534 - A second and final revision of the Codex Justinianus is published Retrieved on 2008-06-10. 2008 ( MMVIII) is the current year in accordance with the Gregorian calendar, a Leap year that started on Tuesday of the Common Events 1190 - Third Crusade: Frederick I Barbarossa drowns in the Sally River while leading an army to Jerusalem
External links
- Young Enterprise Europe
- Young Enterprise England
- Young Enterprise Malta
- Young Enterprise Scotland
- Young Enterprise Denmark
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