Evaluate the effectiveness of Enterprise Ireland in assisting indigenous Irish businesses. - Leaving Cert Business - Question 2(C) - 2018
Question 2(C)
Evaluate the effectiveness of Enterprise Ireland in assisting indigenous Irish businesses.
Worked Solution & Example Answer:Evaluate the effectiveness of Enterprise Ireland in assisting indigenous Irish businesses. - Leaving Cert Business - Question 2(C) - 2018
Step 1
Funding supports
96%
114 rated
Only available for registered users.
Sign up now to view full answer, or log in if you already have an account!
Answer
Enterprise Ireland offers a variety of funding supports aimed at startups, expansion plans, and R&D business plans. This includes financial assistance for enterprises looking to grow and reach international markets, particularly through initiatives targeting businesses with more than ten employees.
Step 2
Export assistance
99%
104 rated
Only available for registered users.
Sign up now to view full answer, or log in if you already have an account!
Answer
Enterprise Ireland provides marketing services and connections to assist businesses in expanding their export capabilities. This involves offering insights and assistance in reaching potential customers in international markets.
Step 3
Support to develop competitiveness
96%
101 rated
Only available for registered users.
Sign up now to view full answer, or log in if you already have an account!
Answer
The organization aids companies in enhancing their operational effectiveness, allowing them to become more competitive in the international market. This includes providing developmental support that helps businesses refine their processes.
Step 4
Incentives in R&D collaboration
98%
120 rated
Only available for registered users.
Sign up now to view full answer, or log in if you already have an account!
Answer
Enterprise Ireland encourages in-company R&D through incentives designed to stimulate innovation. This emphasizes the importance of new products and services that meet the evolving needs of the market.
Step 5
Connections and introductions
97%
117 rated
Only available for registered users.
Sign up now to view full answer, or log in if you already have an account!
Answer
Through a global network of contacts, Enterprise Ireland fosters connections between companies and potential customers. They organize missions, trade fairs, and provide platforms for Irish businesses to showcase their products and strengthen their presence in international markets.
Step 6
Evaluation
97%
121 rated
Only available for registered users.
Sign up now to view full answer, or log in if you already have an account!
Answer
Overall, Enterprise Ireland plays a vital role in supporting indigenous Irish businesses by offering a comprehensive suite of services. Their initiatives not only facilitate growth and export opportunities but also enhance competitiveness in global markets.
Join the Leaving Cert students using SimpleStudy...
