What is the difference between Enterprise and Company?
• While a company is typically an organization engaged in an economic activity for the purpose of earning profits for the stakeholders, an enterprise may not be a formal company in many instances. • There are educational and community enterprises that do not fit into the definition of a company as they are not set up for the sole purpose of making profits. • Enterprise is a word that can be used for a company though it is mostly used in the sense of action and growth as in private enterprise. • Enterprise sounds more complex and interesting than company. • Enterprise has become common in the context of IT these days with enterprise class and enterprise solutions being commonly used phrases. • SME is an acronym that clearly indicates that enterprise is meant to be used for ventures.