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Car Rental with Great Rates & Service | Enterprise Rent-A-Car
Car Rental with Great Rates & Service | Enterprise Rent-A-Car
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Rental Cars in the Philippines | Enterprise Rent-A-Car
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Spend your refund on something you’ll love.
Shop our wide selection of quality used vehicles – with many under $20,000. Who knows, you might find your perfect match this tax season.
View Inventory
For Business
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Rental Cars in the Philippines
Choose from a variety of rental cars in this category including economy, full-size or luxury sedans. Whether you are looking for fuel-efficiency, space, or comfort and style you are sure to find the perfect rental car no matter where you are headed.
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Special
Compact or Large or similar
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5 People
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Honda Brio or similar
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Hyundai Accent or similar
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5 People
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Intermediate
Nissan Almera or similar
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5 People
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Standard
Nissan Altima or similar
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5 People
2 Bags
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Full Size
Toyota Camry or similar
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Other Vehicle Types
All SUVs in the Philippines
Our SUVs offer plenty of flexibility with seating capacity, power, and luggage room. Whether you are going on a weekend family trip or exploring the countryside we are sure to have the ideal SUV for your needs.
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All Vans in the Philippines
Need extra room for people, luggage, or cargo or both? Our minivans and passenger vans can seat up to 7 and 15 passengers respectively and are great for family vacations or accommodating large groups. Cargo vans are ideal for transporting bulky items that may not fit in your personal vehicle.
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All Trucks in United States
Looking to haul large items for DIY projects or going on a weekend retreat? A pickup truck has the space, power and durability ideal for your project or trip. Need to tow with your truck? Towing is available on select pickup trucks at Enterprise Truck Rental locations. An additional fee may apply. For more information, click here. Enterprise Rent-A-Car locations do not allow a hitch to be attached or towing of any kind with the rental vehicle.
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THE COMPANY
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Youth Sports Fundraising
BUSINESSES
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Global Franchise Opportunities
General Aviation
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Enterprise Definition & Meaning - Merriam-Webster
Enterprise Definition & Meaning - Merriam-Webster
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enterprise
noun
en·ter·prise
ˈen-tər-ˌprīz
ˈen-tə-ˌprīz
Synonyms of enterprise
1
: a project or undertaking that is especially difficult, complicated, or risky
2
a
: a unit of economic organization or activity
especially
: a business organization
b
: a systematic purposeful activity
agriculture is the main economic enterprise among these people
3
: readiness to engage in daring or difficult action : initiative
showed great enterprise in dealing with the crisis
Synonyms
business
company
concern
establishment
firm
house
interest
outfit
See all Synonyms & Antonyms in Thesaurus
Examples of enterprise in a Sentence
Moving the drilling rig offshore was a costly enterprise.
Agriculture is the main economic enterprise among these people.
When he purchased the company it was a thriving commercial enterprise.
He was criticized for his lack of enterprise in dealing with the crisis.
Recent Examples on the Web
The honorees for the 2024 Billboard Women in Music Awards demonstrate the degree to which music has become a global enterprise.
—Paul Grein, Billboard, 5 Mar. 2024
And without any information or data about the success of those efforts, the whole enterprise has been dismantled.
—Susan Svrluga The Washington Post, arkansasonline.com, 3 Mar. 2024
Most large enterprises still have customer service lines.
—John F. Wasik, Forbes, 2 Mar. 2024
The logic of this enterprise makes the embryos’ eventual destruction all but inevitable.
—Darryl Wright, Orange County Register, 2 Mar. 2024
What else explains the popularity of this dreary enterprise?
—Armond White, National Review, 1 Mar. 2024
The spate of offers comes as London equities trade around 40% cheaper than global peers on a key M&A valuation measure, the multiple of enterprise value to earnings.
—Alexandra Muller, Fortune Europe, 1 Mar. 2024
Big-screen enterprises, particularly those adapted from books with a huge, fiercely loyal readership, often have a ponderousness built in to every image.
—Manohla Dargis, New York Times, 29 Feb. 2024
The veteran journalist will become the channel’s chief domestic correspondent and an anchor, delivering enterprise reporting and filling in as a host on programs across the daypart.
—Alex Weprin, The Hollywood Reporter, 28 Feb. 2024
See More
These examples are programmatically compiled from various online sources to illustrate current usage of the word 'enterprise.' Any opinions expressed in the examples do not represent those of Merriam-Webster or its editors. Send us feedback about these examples.
Word History
Etymology
Middle English, from Anglo-French, from entreprendre to undertake, from entre- inter- + prendre to take — more at prize
First Known Use
15th century, in the meaning defined at sense 1
Time Traveler
The first known use of enterprise was
in the 15th century
See more words from the same century
Phrases Containing enterprise
enterprise zone
private enterprise
free enterprise
Dictionary Entries Near enterprise
enter politics
enterprise
enterpriseless
See More Nearby Entries
Cite this Entry
Style
MLA
Chicago
APA
Merriam-Webster
“Enterprise.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/enterprise. Accessed 12 Mar. 2024.
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Kids Definition
enterprise
noun
en·ter·prise
ˈent-ə(r)-ˌprīz
1
: a difficult, complicated, or risky project or undertaking
2
: readiness to engage in daring or difficult action
showed great enterprise in the face of danger
3
: a business organization
enterpriser
-ˌprī-zər
noun
Legal Definition
enterprise
noun
en·ter·prise
ˈen-tər-ˌprīz
: an economic organization or activity
especially
: a business organization
More from Merriam-Webster on enterprise
Nglish: Translation of enterprise for Spanish Speakers
Britannica English: Translation of enterprise for Arabic Speakers
Britannica.com: Encyclopedia article about enterprise
Last Updated:
8 Mar 2024
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ENTERPRISE | English meaning - Cambridge Dictionary
ENTERPRISE | English meaning - Cambridge Dictionary
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Meaning of enterprise in English
enterprisenoun uk
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/ˈen.tə.praɪz/ us
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/ˈen.t̬ɚ.praɪz/
enterprise noun
(BUSINESS)
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C1 [ C or U ] an organization, especially a business, or a difficult and important plan, especially one that will earn money: commercial enterprise Don't forget this is a commercial enterprise - we're here to make money.private enterprise Those were the years of private enterprise (= businesses being run privately, rather than by the government), when lots of small businesses were started. Her latest enterprise (= plan) is to climb Mount Everest. Synonyms
business (COMPANY)
business (SELLING)
commerce
concern (BUSINESS)
trade (BUSINESS)
trade (BUYING AND SELLING)
More examplesFewer examplesa state-owned enterpriseThis is an unusual act of collaboration between a museum and a commercial enterprise.The spirit of competition and free enterprise is alive and well here in Dixie.It is a government-sponsored enterprise.Because the organization is a charitable enterprise it is free from tax worldwide.
SMART Vocabulary: related words and phrases
Enterprises
acquiree
acquirer
acquiror
agency
agribusiness
answering service
clicks and mortar idiom
conglomerate
consortium
firm
flyer
franchise
franchisee
franchiser
packer
parent company
partner up
partnership
plc
private company
See more results »
enterprise noun
(PERSONAL QUALITY)
C1 [ U ] eagerness to do something new and clever, despite any risks: enterprise in They've shown a lot of enterprise in setting up this project. We need someone with enterprise and imagination to design a marketing strategy.
SMART Vocabulary: related words and phrases
Excitement, interest, energy and enthusiasm
alacrity
animation
ardour
avidity
boosterism
commotion
frenzy
friskiness
frisson
frolic
get a buzz out of something/doing something
get-up-and-go
hubbub
pep
perkiness
physicality
piquancy
pizzazz
whirl
zealousness
See more results »
(Definition of enterprise from the Cambridge Advanced Learner's Dictionary & Thesaurus © Cambridge University Press)
enterprise | American Dictionary
enterprisenoun [ C/U ] us
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/ˈen·tərˌprɑɪz/
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an organization, esp. a business, or a difficult and important plan, esp. one that will earn money: [ U ] private enterprise [ C ] The road is bordered by shopping centers, restaurants, retail outlets, and other commercial enterprises.
Enterprise is also the willingness and energy to do something new that takes a lot of effort: [ U ] They’ve showed a great deal of enterprise in setting up this project.
(Definition of enterprise from the Cambridge Academic Content Dictionary © Cambridge University Press)
enterprise | Business English
enterprisenoun uk
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/ˈentəpraɪz/ us
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[ 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)
Examples of enterprise
enterprise
The remaining fourteen had moved into private enterprise, mostly with firms specializing in the field of their former ministries.
From the Cambridge English Corpus
This affinity to the methods of the natural sciences reduces social science to a technical enterprise which has no necessary value implications.
From the Cambridge English Corpus
He took up the cause of private enterprise and complained of excessive taxes and government interference.
From the Cambridge English Corpus
To reduce input costs successfully, crop/livestock systems require additional management inputs for the crop as well as the livestock enterprise.
From the Cambridge English Corpus
Integrating forage, crop and livestock systems can spread economic and production risks over several different enterprises, thereby taking advantage of a variety of agricultural markets5,7.
From the Cambridge English Corpus
Managers usually design and oversee these roles and responsibilities in corporate organisations, multinational corporations and state-owned enterprises, where ownership is separated from control.
From the Cambridge English Corpus
Acts in the 1870s and 1880s tended toward increasing the size and scope of corporate enterprises.
From the Cambridge English Corpus
They have purchased shares of privatized state enterprises and played a role in corporate governance.
From the Cambridge English Corpus
Commitment to the scientific enterprise requires that we not accept claims about constraint, exaptation, or spandrel in the absence of evidence.
From the Cambridge English Corpus
Indeed, the lack of disagreement carries over to meta-level debate about the purpose and workings of the scientific enterprise.
From the Cambridge English Corpus
It seems to us that this does not apply to the scientific enterprise in general.
From the Cambridge English Corpus
The reason for more small and medium enterprises to report loss of assets is because these firms are relatively more asset rich than micro enterprises.
From the Cambridge English Corpus
The selection procedure followed a two stage sampling for micro enterprises.
From the Cambridge English Corpus
A thumbnail version of his argument is that the initial stages of the economic transition usually involve the privatization of state-owned enterprises.
From the Cambridge English Corpus
From a handful of scientific consultants and then the heads of struggling forestry administrations, the scientific enterprise had by the late 1940s enlarged considerably.
From the Cambridge English Corpus
These examples are from corpora and from sources on the web. Any opinions in the examples do not represent the opinion of the Cambridge Dictionary editors or of Cambridge University Press or its licensors.
Collocations with enterprise
enterprise
These are words often used in combination with enterprise.Click on a collocation to see more examples of it.
agricultural enterpriseFurthermore, much of today's environmental disruption, loss of biodiversity, release of toxic substances, and climate change is traceable to humanity's environmentally incompetent, short-range-focused agricultural enterprise.
From the Cambridge English Corpus
artistic enterpriseThe risk-taking necessary for artistic enterprise was becoming less common.
From the Cambridge English Corpus
capitalist enterpriseCorporate directors apparently succeeded in their efforts to maximise profits for their shareholders, fulfilling their primary responsibility as managers of a capitalist enterprise.
From the Cambridge English Corpus
These examples are from corpora and from sources on the web. Any opinions in the examples do not represent the opinion of the Cambridge Dictionary editors or of Cambridge University Press or its licensors.
See all collocations with enterprise
What is the pronunciation of enterprise?
C1,C1
Translations of enterprise
in Chinese (Traditional)
企業, 組織, (尤指)公司,企業…
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in Chinese (Simplified)
企业, 组织, (尤指)公司,企业…
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in Spanish
empresa, organización, iniciativa…
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in Portuguese
empresa, iniciativa, empresa [feminine]…
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उपक्रम, उद्योग, साहसी वृत्ती…
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事業, 冒険心, 事業(じぎょう)…
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girişim, iş, işletme…
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entreprise [feminine], entreprenariat [masculine], entreprise…
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empresa, organització, iniciativa…
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onderneming, ondernemingsgeest…
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ஒரு நிறுவனம், குறிப்பாக ஒரு வணிகம் அல்லது கடினமான மற்றும் முக்கியமான திட்டம், குறிப்பாக பணம் சம்பாதிக்கும் திட்டம்…
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उद्यम, नई योजना, नई योजना बनाने या नया कुछ करने को तत्पर…
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ઉદ્યોગ, સાહસ, સાહસિકતા…
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foretagende, initiativ, virkelyst…
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företag, vågstycke, företagsamhet…
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perusahan, daya usaha…
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das Unternehmen, die Initiative…
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foretak [neuter], bedrift [masculine], foretagende [neuter]…
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فراخ, حوصلگی, الولعزمی…
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підприємство, заповзятливість, ініціативність…
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предприятие, предприимчивость, инициатива…
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ఒక సంస్థ, ముఖ్యంగా వ్యాపారం లేదా కష్టమైన మరియు ముఖ్యమైన ప్రణాళిక, ముఖ్యంగా డబ్బు సంపాదించేది…
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مَشروع, جُرأة…
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এন্টারপ্রাইজ, উদ্যোগ, উদ্যম…
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podnik, podnikavost…
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usaha, inisiatif…
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บริษัท, ความกล้าได้กล้าเสีย…
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sự nghiệp, tính táo bạo…
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przedsiębiorstwo, przedsięwzięcie, przedsiębiorczość…
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기업, 진취력…
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impresa, azienda, intrapendenza…
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an answer or reaction
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English
Noun
enterprise (BUSINESS)
enterprise (PERSONAL QUALITY)
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What Is An Enterprise Company? Definition, Types, And Examples
What Is An Enterprise Company? Definition, Types, And Examples
Switching your print on demand supplier? Get in touch with us here Contact us EN / Cart Sign in Sign up for free Products Start selling Pricing Resources Sustainability Pro sellers Production partners 1. Enterprise company definition Content 1. Enterprise company definition 2. Types of enterprise companies 3. The enterprise ecommerce business and the print on demand model 4. Challenges faced by enterprise companies 5. How print on demand helps solve challenges faced by enterprise companies 6. Take your enterprise business global with Gelato's print on demand solutions 7. Enterprise company FAQs HomeResource CenterWhat is an enterprise company? Definition, types, and examplesWhat is an enterprise company? Definition, types, and examplesBlogSep 1 2023International expansionRelated ResourcesBlogAug 9 2023International fulfillment: A quick guide for ecommerce enterprisesExplore the essentials of international fulfillment for ecommerce. Discover key challenges, fulfillment options, and how to choose the right partner.international fulfillment
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What is an enterprise company? Definition, types, and examples 1. Enterprise company definition 2. Types of enterprise companies 3. The enterprise ecommerce business and the print on demand model 4. Challenges faced by enterprise companies 5. How print on demand helps solve challenges faced by enterprise companies 6. Take your enterprise business global with Gelato's print on demand solutions 7. Enterprise company FAQs Next stepsStart selling products with Gelato Get started The term "enterprise" often causes some confusion due to its varying contexts of use. However, in a business setting, it generally signifies large, complex organizations. This article aims to explore the concept of an enterprise company, different types, and offer real-world examples with a particular focus on enterprise ecommerce businesses that operate on a print on demand model.Main takeaways from this article:An enterprise company refers to a large organization characterized by the number of employees, operational reach, or revenue generated. They typically have a significant global presence and handle complex operations.Enterprises can be B2B (providing goods or services to other businesses), B2C (selling directly to consumers), or hybrid (combining B2B and B2C models).An example of an enterprise ecommerce business operating on a print on demand model is Mapiful, a company that allows customers to create custom map prints of any location in the world.Enterprise companies face challenges including regulatory compliance (data protection, environmental regulations), technological integration and cybersecurity, and market competition and globalization.Print on demand can help enterprises by reducing inventory management, integrating technological solutions, and fostering innovation and adaptability. It minimizes costs, enhances operational efficiency, and enables agility in market response.Enterprise company definitionAn enterprise company, often referred to as simply an "enterprise," is a large organization typically characterized by the number of employees, operational reach, or revenue generated. These corporations often have a significant presence in the global marketplace and require sophisticated enterprise business processes and management tools to handle their complex needs. Such needs may include managing vast customer databases, supply chains, human resources, and large scale production, among others.Types of enterprise companiesEnterprise companies can be grouped into various types based on their industry sector, business model, or other specific criteria. For the purpose of this article, let's explore three main types.1. B2B enterprisesB2B or business-to-business enterprises primarily provide goods or services to other businesses. These companies generally have long sales cycles, large order values, and a relatively small customer base.2. B2C enterprisesBusiness-to-consumer (B2C) enterprises sell directly to consumers. They typically focus on marketing consumer goods or services, requiring them to handle a large customer base and significantly more consumer interactions than B2B enterprises.3. Hybrid enterprisesHybrid enterprises combine both B2B and B2C models. They serve other businesses while also directly reaching out to consumers. This model offers flexibility and the potential to maximize market reach.The enterprise ecommerce business and the print on demand modelIn the context of an enterprise ecommerce business, these are large-scale online retailers with a global customer base. They handle a wide range of operations, from supply chain management to customer relationship management, marketing, sales, and more. An enterprise ecommerce business operating on a print on demand model adds a unique spin to this setup.Print on demand is a business model where products are not printed until an order has been received. This model minimizes the need for inventory, reducing overhead costs and mitigating risks associated with unsold products. It's a versatile business model highly suitable for ecommerce, allowing businesses to offer a wide range of customizable products.1. MapifulMapiful is an ecommerce enterprise that offers a unique and customizable product - map prints of any location in the world. Customers have the flexibility to choose the location, design, text, and colors to commemorate a special place or event. This ability to personalize makes every product unique and significant to the customer, thus increasing customer satisfaction and loyalty.As an enterprise, Mapiful caters to a global market, handling extensive operations and a large volume of orders. Their large customer base, wide operational reach, and significant revenue underline their status as an enterprise company. Mapiful's use of a print on demand model is instrumental in their success. This model eliminates the need for physical inventory and allows the creation of a unique product for each order. It significantly reduces costs and waste, leading to an efficient, sustainable, and customer-centric business model.2. SportyMapsSportyMaps offers a unique product offering in the form of custom-made course maps for various sporting events, including marathons, cycling races, triathlons, and more. Each map is highly customizable, featuring the exact route of a particular race along with details like distance and elevation. This niche product caters to fitness enthusiasts and athletes, serving as unique memorabilia of their achievements.SportyMaps operates on a large scale, catering to a wide range of customers worldwide, qualifying them as an enterprise. Their use of the print on demand model enables them to create these highly personalized course maps without the need to stock large quantities of every possible race course. This approach enhances operational efficiency and sustainability, allowing the company to offer a broad product range without worrying about overproduction or inventory storage.3. Born BeauBorn Beau is an ecommerce enterprise specializing in custom-made newborn and maternity clothing. They focus on creating memorable and quality pieces that mark special moments, from pregnancy announcements to newborn homecomings. Their extensive product line caters to a variety of customer needs, offering an array of designs, colors, and personalization options.Born Beau's reach extends across multiple countries, handling large-scale orders and maintaining a large customer base, characteristic of an enterprise. The print on demand model serves Born Beau well, as it allows for a high level of customization, which is crucial in their market. It eliminates the need for large inventories, reduces overproduction, and curtails waste. This model also enables Born Beau to stay agile, quickly adapting to trends and customer preferences.4. Just LyneJustlyne is a women's fashion retailer offering a broad range of clothing options. From everyday clothing to special occasion dresses, they cater to various customer needs. Customers can customize their clothing, making each piece unique and personal. This ability to offer bespoke fashion distinguishes Justlyne in the competitive fashion market.As an enterprise, Justlyne operates on a large scale, serving a broad demographic, and handling a high volume of orders. The print on demand model offers significant benefits for Justlyne. It allows them to offer custom-made clothing without the need to hold a vast inventory of each design and size. This approach reduces storage costs, potential waste from unsold products, and allows for greater responsiveness to fashion trends and customer demands.5. NordhusetNordhuset is a Norwegian company specializing in custom home decor. They create bespoke illustrations and prints tailored to customer preferences, ranging from family portraits to custom maps and unique artwork. This focus on customization allows customers to acquire decor that reflects their taste and personality.Serving customers across various countries, Nordhuset operates as an enterprise. Their operations extend beyond regional boundaries, handling large-scale orders with ease. They particularly benefit from the print on demand model, as it enables them to offer personalized decor without the need for large inventory storage. This not only reduces inventory costs but also enhances customer satisfaction by providing bespoke decor pieces. The print on demand model also allows Nordhuset to be flexible, enabling them to quickly adapt to changing customer preferences and trends.Challenges faced by enterprise companiesDespite their colossal influence and reach, enterprises are not invincible. The factors contributing to their success can also present some unique challenges. Let's touch on a few of these:Regulatory challenges: Compliance with data protection, privacy, and environmental regulations are key issues for enterprise companies. As sustainability and environmental responsibility become more important, enterprises must adopt eco-friendly practices and reduce their carbon footprint.Technological challenges: Integrating legacy systems with modern technologies can be challenging. Cybersecurity is another critical issue as enterprises become prime cyberattack targets due to their digital connectedness.Market competition and globalization: In a globalized world, enterprises must constantly innovate and adapt to changing customer demands and business practices across different cultures, languages, and regulatory frameworks.In the next section, we'll cover how print on demand can mitigate several of these challenges, enhancing operational efficiency and customer satisfaction.How print on demand helps solve challenges faced by enterprise companiesPrint on demand can address several challenges enterprise companies face, offering solutions that enhance operational efficiency and customer satisfaction. For starters, print on demand allows enterprises to avoid the complications of managing large inventories. With this model, products are created only after a customer order is placed, reducing the need for significant storage space and associated costs. This flexibility can be particularly advantageous when operating in multiple regions with different regulatory and market conditions, as it negates the need to maintain and manage vast physical inventories in various locations.Moreover, print on demand services often come integrated with technological solutions that aid in managing complex business operations. These might include digital platforms for product design, order management, fulfillment tracking, and customer service. Utilizing such integrated systems can streamline operations, facilitate seamless communication, and reduce the burden of technological integration. In terms of security, print on demand services handle a substantial part of the transaction, including payment processing, reducing the amount of sensitive data that enterprises need to manage directly.Furthermore, print on demand is a model that fosters innovation and adaptability, key to surviving in a competitive market. Since there is no need for bulk production upfront, enterprises can experiment with designs, test new products in the market, and adapt their offerings based on real-time customer feedback. The lead time from design to market is drastically reduced, making the enterprise more agile and responsive to changing customer preferences and market trends.Take your enterprise business global with Gelato's print on demand solutionsExpanding your enterprise business globally can be a significant step in your growth strategy. When it comes to printing needs - whether for marketing materials, product packaging, or corporate merchandise - navigating the global landscape can be complex due to differences in standards, costs, and logistics. This is where Gelato's global print on demand solutions come into play.Gelato is a digital printing platform that operates on a global scale, offering print on demand services across 32 countries. We have a network of print partners worldwide, which allows us to provide localized printing solutions for products like t-shirts, mugs, phone cases, wall art, etc. This network allows ecommerce enterprises to print their products closer to their end customers, reducing shipping costs and time.By utilizing Gelato's global print on demand solutions, your enterprise can simplify its international operations, improve cost-efficiency, reduce delivery times, maintain a consistent quality of printed materials worldwide, and drive success in other entrepreneurial ventures. This positions your enterprise business well for successful global expansion.Sign up for Gelato today.Enterprise company FAQsWhat is considered an enterprise company?An enterprise company is a business organization, typically a large corporation characterized by a significant number of employees, operational reach, or revenue generated. These companies often have a considerable global marketplace presence and require advanced business management tools and enterprise software to handle their complex needs.What's the difference between enterprise and LLC or sole proprietorship?The difference between an enterprise and an LLC or sole proprietorship lies mainly in size and structure. An enterprise usually refers to large corporations, while an LLC (Limited Liability Company) or sole proprietorship are legal business structures often adopted by smaller entities. The LLC and sole proprietorship structures dictate the owner's legal and financial liabilities and profits.What's the difference between enterprise and small business?An enterprise and a small business primarily differ in scale. Enterprises are larger, have a wider operational reach, more employees, and higher revenue than small businesses. Also, enterprises typically have more complex operational and managerial needs.What does an enterprise company do?An enterprise company typically offers goods or services on a large scale, either directly to consumers (B2C), to other businesses (B2B), or both. They manage numerous operations, such as production, marketing, sales, customer service, and more.What is an example of an enterprise company?An exemplary enterprise company operating on a print on demand ecommerce model is Mapiful. This company provides a unique service, allowing customers from around the globe to create custom maps of any location. Once a customer designs their map and places an order, Mapiful prints the design on demand and ships it to the customer's doorstep. This efficient, customer-centric approach eliminates the need for physical inventory, mitigating storage costs and waste. With a vast customer base worldwide, Mapiful demonstrates the scalability and global reach characteristic of an enterprise company. 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Micro, Small and Medium Enterprises Development SectorAddressing the Impacts of the COVID-19 Pandemic to Women EntrepreneursThe COVID-19 pandemic hits the economies and women around the world. The physical distancing, travel bans, and varying levels of community quarantine/lockdown being implemented immensely affect the sectors where women work predominantly and with a high concentration of women-owned/run micro, small and medium enterprises (MSMEs).1In its 2019 List of Establishments, the Philippine Statistics Authority (PSA) recorded 1,000,506 business enterprises operating in the country. Of these, 99.5% (995,745) are MSMEs.2 For the same year, the Department of Trade and Industry (DTI) recorded a total of 630,688 business name registration (new and renewal); 55.8% (352,181) were women-owned/run.Luzon’s enhanced community quarantine (ECQ) was in place, and various containment measures were also implemented in other locations from April 28 to May 16, 2020. During this period, the United Nations Industrial Development Organization (UNIDO), in collaboration with the DTI and other partners from the government, private sector, the academe, and other development partners, embarked on the “Assessment of the Socio-economic Effects of COVID-19 and Containment Measures on Philippine Enterprises.”3 There were 235 respondent firms, 69% of which were microenterprises. About half of these firms were in the manufacturing sector, predominantly producing finished goods mainly for the domestic market. This segment also accounted for a more considerable proportion of youth-led and women-owned firms that had been in operations for three years or less.Furthermore, among the various findings, the assessment notably revealed that most firms experienced difficulties coordinating their supply/value chains leading to shortages in raw material supply and impediments in distribution, shipping, and logistics. These were felt more by the microenterprises and the domestic-oriented firms. Challenges were compounded by most firms not having transparent and responsive plans for business continuity, especially during extraordinary situations.The abovementioned issues were affirmed by the rapid survey conducted by the Project Management Office (PMO) of the Supporting Women’s Economic Empowerment (WEE) in the Philippines Project or GREAT Women Project 2, through its Local Area Coordinators (LACs), to determine the immediate effects of COVID-19 on the women micro-entrepreneurs (WMEs) across the priority regions of the project.4Out of the 831 enrolled WMEs under the WEE Project, only 441 or 53.07%, participated in the electronic survey. Results show that the majority of the WMEs have temporarily suspended their business operations and have already terminated workers, resulting in loss of income for both parties. Among the challenges experienced by the WMEs include:Lack of access to resources to transport their raw materials/products from/to suppliers and buyers.Limited to no access to other market platforms to sell their products.Unavailability of and limited knowledge to develop business continuity/disaster resiliency plans.Limited to no access to essential services and support to entrepreneurs and their workers.Lack of access to programs and services to rehabilitate their business.As the country moves forward from the COVID-19 pandemic, it mitigates disproportionate impacts on women entrepreneurs. It responds and targets women in all aspects of economic recovery, creates stimulus plans, and implements programs to ensure that efforts are gender-responsive, inclusive, and sustainable.KEY ISSUES FACED BY WOMEN ENTREPRENEURS DIGITALIZATION. With the physical distancing and mobility restrictions implemented, digitalization is no longer an option but an imperative nowadays. Based on the records of the DTI, there are 85,074 new business name registrations (as of October 23, 2020) under the retail sale via the internet (business activity). Of these, 84% (70,199) are women.5In 2019, DTI’s data shows that 64% of their MSMEs assisted by Negosyo Centers were women. Similarly, 64% of the 5.8M individual members of the coops in the National Association of Training Centers for Cooperatives (NATCCO) are women. In a survey conducted by the DTI from June 4 to 17, 2020, when community quarantines were imposed, 26% of over 2000 MSME respondents ceased operations, 52% went on partial operations. On the other hand, only 22% of partially operated remained in full operation. Meanwhile, 91% reported a decline in sales, and 74% reported a decrease in the workforce.6E-commerce and other online modalities are helpful in selling, marketing, and managing enterprises at this time. However, based on a recently conducted Digital Readiness Study, while most have started their digital journey through popular social media sites like Facebook, women entrepreneurs need more knowledge and skills to optimize the digital platform and convert engagement to sales.7Furthermore, the PMO of the GREAT Women Project 2 noted from its rapid survey that despite the health and safety risks of face-to-face interactions during the pandemic, most of the respondents still consider trade fairs as critical support to WMEs. However, significant events such as the Manila FAME, National Arts and Crafts Fair, National Food Fair, ArteFino, and regional trade fairs have been canceled. During the “Roundtable Discussion with Stakeholders from the Homestyle and Wearables Industry” held last July 6, 2020, it was tackled that the interest of WMEs in this mode of marketing and selling is linked to no or limited access to devices and internet connectivity as well as limited knowledge/skills in maximizing the benefits of the internet and other online/e-commerce platforms. BUSINESS CONTINUITY AND FINANCING. As revealed by the two studies cited earlier, the unavailability and limited knowledge to develop business continuity/disaster resiliency plans are challenges of microenterprises nowadays.The UNIDO assessed and reported that the majority of firms that were not able to operate, despite being permitted to, did not have business continuity plans. Consequently, it affected their ability to ensure the availability of raw materials, efficient transport of goods and human resources, and the implementation of workplace safety measures during crises.In terms of financing, most firms have identified cash flow as one of the biggest challenges they expect to face during recovery. The UNIDO flagged that a higher proportion of microenterprises–female owners and owners 50 years old and below–did not apply for a loan in the past two years. This indicated concerns about the inclusivity and accessibility of loan facilities for specific groups.In the rapid survey conducted by the GREAT Women Project 2, out of 12 interviewed WMEs across all levels and from varying industries, only two Level 1 WMEs and two Level 2 WMEs availed of government assistance for business recovery. Notably, the two Level 2 WMEs mentioned applied for the Department of Agriculture’s SURE Aid Program but have not received any feedback since June 2020. Other WMEs were unaware and did not know government assistance offered for businesses. All Level 3 WMEs mentioned in the interview were aware but did not avail of any government aid for business because of too many documents needed in the application process.ACCESS TO SUPPORT SERVICES. There were 285 respondents who participated in Wave 2 of the MSME Value Chain Rapid Response Survey of the United Nations Development Programme;8 56% were female, 42% were male, 1% were LGBT+, and 1% chose not to disclose their gender. According to this survey, three months after the implementation of the ECQ, only 17.5% of them received assistance from the national government, 10% from LGUs, and a smaller percentage from other sectors such as own suppliers/customers (4%), NGOs (3%), and other private sector not part of the MSMEs’ supply chain (2%).Specifically, more male respondents (41%) received assistance from at least one stakeholder compared to female respondents (32%). A higher percentage of male respondents received wage subsidies, deferred loan payments, loan assistance, and technical assistance, while the female group had a higher rate of respondents who received subsidized rents and other types of assistance (primarily grocery and food packs).MULTIPLE BURDEN. Prevailing socio-cultural norms in the Philippines place the majority if not all of the unpaid care work under the responsibility of women.In the context of the COVID-19 pandemic, the burden of unpaid care work on women is evident as they increasingly provide even greater support to family members, such as maintaining sanitary conditions at home and caring for sick family members, putting themselves at increased risk of becoming infected. Women in the formal and informal sectors also balance work/business with housework, childcare, and/or elder care.9In April 2020, an online survey with 16 women-led companies, conducted by the UN Women-WeEmpowerAsia and Investing in Women, revealed that the COVID-19 pandemic likewise affected the employees of women-led businesses. Companies observed the balancing act of paid and unpaid work for both women and men employees, noting that while men were now actively involved in household work, the majority is still undertaken by women.10 For the Cacao industry of the GREAT Women Project 2, a study shows that the WMEs and their workers (mostly women) now face the burden of increased household chores as family members lose work and children stay at home unable to go to school. Gender-related concerns set in, and women now face multiple burdens of managing the house and contemplating how their businesses can recover.The Rapid Survey of the GREAT Women Project 2 reported that multiple roles and responsibilities, multi-level and crosscutting issues of WMEs related to enterprise and gender were magnified by the results of the pandemic. This translated the WMEs low assessment on their level of happiness, life satisfaction, and overall wellbeing. Furthermore, the feelings of nervousness, stress and pressure registered high among the H&W WME respondents. Lastly, data showed that most WMEs were worried about their state of mental health. References/Cited Sources:1 The Philippines employs two criteria in operationally defining MSMEs, namely employment and asset size. The PSA classifies an enterprise as a micro if it has less than 10 employees, small if it has 10-99 employees, medium with 100-199 employees, and large if it has 200 or more employees. On the other hand, the Magna Carta for Micro, Small and Medium Enterprises (MSMEs) classifies an enterprise as micro if it has up to Php 3,000,000 asset size, small if it has Php 3,000,001–15,000,000 asset size, medium if it has Php 15,000,0001–100,000,000 asset size, and large if it has Php 100,000,001 and above asset size.2 DTI. (n.d.) 2019 MSME Statistics. Retrieved from https://www.dti.gov.ph/resources/msme-statistics/3 UNIDO. (2020). Assessment of the Socio-economic Effects of COVID-19 and Containment Measures on Philippine Enterprises. Retrieved from https://dtiwebfiles.s3-ap-southeast-1.amazonaws.com/COVID19Resources/Reports/Philippine+SME+Assessment+FINAL+REPORT.pdf4 PCW WEE Project Management Office Supporting Women’s Economic Empowerment (WEE) in the Philippines Project (GREAT Women Project 2). (2020). WEE Project Study on the Immediate Effects of COVID-19 to Women Micro Enterprises5 From the presentation of DTI Assistant Secretary Mary Jean T. Pacheco during the W-GDP Webinar Series on Women’s Economic Empowerment, No. 3: Making Online Business Work for Women MSMEs, October 23 20206 DTI. (2020). Empowering Pinay entrepreneurs through digitalization. Retrieved from https://www.dti.gov.ph/archives/news-archives/empowering-pinay-entrepreneurs-through-digitalization/?doing_wp_cron=1609048159.63103795051574707031257 Ibid.8 UNDP. (2020). MSME Value Chain Rapid Response Survey (Wave 2). Retrieved from https://dtiwebfiles.s3-ap-southeast-1.amazonaws.com/COVID19Resources/Reports/MSME+Value+Chain+Rapid+Response+Survey_Wave+2.pdf9 UN Women. (2020). Gender Snapshot: COVID-19 in the Philippines. Retrieved from https://asiapacific.unwomen.org/en/digital-library/publications/2020/04/gender-snapshot-covid-19-in-the-philippines10 UN Women. (2020). Gendered dimensions of COVID-19 in the Philippines. Retrieved from https://asiapacific.unwomen.org/en/digital-library/publications/2020/06/gendered-dimensions-of-covid-19-in-the-philippines
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