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enterprise

B2
noun

Pronunciation

UK

  • /ˈɛntəprˌaɪz/

US

  • /ˈɛnərˌpraɪz/
  • /ˈɛntərˌpraɪz/

Description

An enterprise is more than just any business. It is an undertaking: something you set out to do with energy, purpose, and effort. Often, the word refers to a business venture meant to make a profit, such as a startup or a small company. But it can also describe a serious project with a clear goal, like an effort to bring clean water to a community.

The word comes from a verb that meant "to undertake." You will often see phrases like "social enterprise" or "business enterprise," which show the kind of work being done. In most uses, the idea includes action, planning, and some level of risk. It is not only about the work itself, but also about the willingness to take it on.

Examples

  1. 1

    Small business

    She hopes to turn her baking hobby into a small enterprise.

  2. 2

    Local businesses

    The city offers grants to local enterprises that hire young workers.

  3. 3

    Major project

    Building the new rail line was a huge enterprise.

    • Meaning

      enterprise

      a large and difficult project

  4. 4

    Risky venture

    Starting a restaurant with no experience is a risky enterprise.

  5. 5

    Personal initiative

    The manager praised her enterprise in finding new customers.

    • Meaning

      enterprise

      energy and willingness to take action

  6. 6

    Economic policy

    The policy was designed to give private enterprise more freedom.

    • Phrase

      private enterprise

      businesses owned and run privately

Forms and spellings

2 forms open this card.

Main spelling

  • enterprisenoun

Forms

  • enterprisespluralnoun