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The Enterprise Operating Entity

In general, an operating entity is . . . a functioning operation (source of quote) Here the word enterprise narrows the focus to business or business-like operating entities. The enterprising dynamic transforms inputs into outputs. Entities operating in a free enterprise system improve their chances for success by paying attention to what customers have to say and implementing managed productivity accordingly.

Some operations are single operating entities. An entity is typically something identified with a location. According to Business Dictionary.com, operations . . . constitute a process, and are generally divided into four basic categories: (1) processing, (2) inspection, (3) transport, and (4) storage (source of quote). Some operations are made up of operating units. In other words, a single operation in one place might be separated into a number of operating entities, for example, industrial facilities at a single site.

As indicated further down this page under payoff, expanding operations is a component of enterprise development. Among other things, an expansion might mean that jobs are created. Expansions of operating entities already in place and expansion projects that require going through the site selection process can pay off for locations seeking enterprise and economic development. Expansion in place can payoff in terms of jobs retention as well as jobs creation, especially if consideration is given to relocating away from a community but the final decision is to stay put.

It's questionable as to whether relocations amount to economic development when jobs are created in new locations at the expense of jobs being lost from communities that employers moves away from (source of quote). The quote is especially true when a relocation project takes place within the same economy.

Comments under payoff further down this page point out additional enterprise development efforts that are important for bringing about quality economic development.

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The Driving Force in Enterprise and Economic Development

A definition of enterprise and economic development as an operative phrase of this share network you are using explains that . . . enterprise development is a driving force behind worldwide industrial development, real estate development, community development and the like as well as economic development (source of quote).

Driving force refers to the energy or power behind something in motion; likewise, a dynamic that makes something happen. For example, the entrepreneur is a dynamic behind enterprise development. A 2005 publication of the United Nations Conference on Trade and Development, Entrepreneurship and Economic Development: The Empretec Showcase, stated that the . . . entrepreneur has been a fundamental agent in most production, distribution and growth theories. The role of entrepreneurship as the driving force of economic growth found its most explicit foundation in Joseph Schumpeter's theory of long waves. Schumpeter, became a driving force behind economic development when he first published The Theory of Economic Development.

Is there an official definition of economic development?answer

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Payoff: Enterprise and Economic Development

Components of enterprise development are listed here with comments on how they pay off for places seeking economic development. For more information about enterprise development that leads to economic development click on the page header above.
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marker entrepreneurship
spacer the first process of enterprise development
marker pursuit of excellence
spacer enterprise excellence begins with personal productivity initiative (PPI)
marker expansion
spacer strategic initiative of an enterprise which enlarges its capacity to produce
marker continuous improvement
spacer unrelenting actions to meet or exceed required quality productivity in real time
marker continual improvement
spacer strategic improvement process applied to discontinuous production processes
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markerxx http://www.centerforexcellence.net/vision.html
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Under Reconstruction

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This .network resource center document provides information and serves as a guide to information located elsewhere both inside and outside the network. The library and, in fact, the whole network is designed to support a dedication to search and findmore.
 
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Key search words: define operating entity define operating entities define enterprise operating define payoff define payoffs
Economic Development Services, Inc. -- copyrights and all rights reserved / 06/05/2014