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English definition of “enterprise”

enterprise

noun
 
 
/ˈentəpraɪz/
[C] an organization, a company, or a business: a manufacturing/catering/farming enterprise a large/small/medium-sized enterprise a state/state-owned/multinational enterprise a domestic/local/foreign enterprise He was responsible for building the pizza company into a billion-dollar enterprise. They run a family enterprise in their local town.enterprise development/management The grants are intended to support local small enterprise development.
[C] a business plan or project, especially one that is difficult or that may fail or lose money: a business/commercial/economic enterprise What we always look for in a future business partner is a commitment to the business enterprise and its success. a successful/joint enterprise
[U] business activity in general: boost/encourage/promote enterprise The government unveiled a wide range of measures to boost business and enterprise yesterday. The enterprise and development committee supports innovation in business.
[U] the quality or activity of thinking of new ideas and activities in business and making them successful despite the risks involved: The prime minister applauded the innovation of private entrepreneurs and said he would like to see similar enterprise in the public sector, too. The scheme rewards young people who show initiative and enterprise. → See also free enterprise, private enterprise, public enterprise
(Definition of enterprise from the Cambridge Business English Dictionary © Cambridge University Press)
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