Glossary
business model canvas
the business model canvas is a strategic tool used for visually developing or displaying a business model.
career
the sequence and variety of work roles (paid and unpaid) undertaken throughout a lifetime, including life roles, leisure activities, learning and work.
entrepreneur
someone who undertakes a significant project or activity finding new and better ways of doing things; they are opportunity aware, take risks and utilise a range of behaviours, such as initiative and innovation, that create value and contribute to their success.
entrepreneurial behaviours
behaviours that demonstrate confidence, initiative, innovation and creativity, global competency and empathy, an awareness of opportunity and a willingness to take risks that can all be applied to a range of contexts.
entrepreneurial mindset
someone who undertakes a significant project or activity finding new and better ways of doing things; they are opportunity aware, take risks and utilise a range of behaviours, such as initiative and innovation, that create value and contribute to their success.
enterprise
an organisation such as a business, community or government agency.
A business unit, company or project that is profit-oriented, non-profit, privately owned or government-controlled and that combines scarce resources for the production and supply of goods and services, and especially may require boldness or effort. Alternatively, the term may refer to the undertaking of a project or business.
enterprise skills profile
an inventory of enterprise skills, personal strengths, values, talents, motivations, goals, and experience that highlights personal attributes, skills and distinctiveness and can be used to enhance access to work opportunities.
intrapreneur
a highly self-motivated, proactive and action-oriented individual who displays initiative, leadership, risk-taking and creative thinking within an organisation or workplace for the benefit of the organisation or workplace.
reflection
the capacity for individuals to exercise introspection to learn more about their fundamental nature and purpose, their skill set, to learn from mistakes and gain deeper insight, to develop self-awareness and grow personally and professionally, to help with clarifying priorities, strengths and goals, and build resilience.
risk management
the technique of identifying, assessing, minimising and preventing risks from occurring. Risks may be financial, physical or personal.
social enterprise
a social enterprise is an enterprise that must do three things:
- have a defined primary social, cultural or environmental purpose consistent with a public or community benefit, and
- derive a substantial portion of their income from trade, and
- invest efforts and resources into their purpose such that public/community benefit outweighs private benefit.
There are three Social Enterprise impact models:
- employment-generating: creates employment and training opportunities for marginalised people
- community need: delivers accessible products and services to meet community needs that are not met by the market
- profit redistribution – donates at least 50% of profits or revenue to charity.
social and policy entrepreneur
an entrepreneur with a social mission to create and sustain social value; they pursue new opportunities to serve the social mission and engage innovation, adaptation and learning to add social value.
SMART goals
goals that are Specific Measurable Achievable Relevant and Time-bound. These criteria guide in the setting of goals, for example in project management, employee-performance management and personal development.
Work, Health and Safety
(Federal) legislation (2011) that covers the physiological and psychological wellbeing of people engaged in work and employment; employers and employees have a common law duty to take reasonable care to guard everyone’s health and safety in the workplace.
See also Tasmanian legislation - Work Health and Safety Act 2012
work
a set of activities with an intended set of outcomes, from which it is hoped that an individual will derive personal satisfaction; it is not necessarily tied to paid employment and can encompass other meaningful and satisfying activities through which an individual’s career develops, such as parenting or volunteering.
work culture
the work environment including the policies, protocols and accepted practice of a particular workplace. It includes the way people interact with others in the workplace, go about their work and the practices they undertake in this environment.