The Importance of Enterprise

Benefits of Enterprise

Enterprise is very important for society. Encouraging enterprise brings numerous benefits for Businesses, society and the community.

• Intrapreneurship Encouraged: Enterprise fosters a culture where employees can act like entrepreneurs, leading to internal innovation and improved business practices.
• Fosters Innovation: Businesses drive technological advancements and creative solutions, resulting in new products and services that benefit society.
• Job Creation: Enterprises create employment opportunities, supporting local economies and offering a range of job roles across various sectors.
• Community Engagement: Companies often engage with local communities through various initiatives, enhancing social responsibility and contributing to community development.

Ryanair: Case Study

Ryanair, founded by Tony Ryan in 1984, is a great example of how Ireland has benefitted from entrepreneurship.

• Introduced affordable air travel: Ryanair pioneered the low-cost airline model, making air travel more affordable and accessible across Europe.
• Boosted Tourism: Increased connectivity between Ireland and other European destinations led to a rise in tourism, contributing significantly to the Irish economy.
• Job Creation: Ryanair's expansion created numerous jobs directly within the airline and indirectly in related sectors like travel and hospitality.

*Fleet of Ryanair Boeing 737 Aircraft *