Big business involves large-scale corporate-controlled financial or business activities. As a term, it describes activities that run from "huge transactions" to the more general "doing big things". In corporate jargon, the concept is commonly known as enterprise, or activities involving enterprise customers.[1][2][3]
The Oxford English Dictionary identifies the first use of the term, in 1905, to be in "The City: The Hope of Democracy", Frederic C. Howe.[6]
Early 20th centuryEdit
The automotive industry began modestly in the late-19th century, but grew rapidly following the development of large-scale gasoline production in the early 20th century.
Post-World War IIEdit
The relatively stable period of rebuilding after World War II led to new technologies (some of which were spin-offs from the war years) and new businesses.
The social consequences of the concentration of economic power in the hands of those persons controlling "big business" has been a constant concern both of economists and of politicians since the end of the 19th century. Various attempts have been made to investigate the effects of "bigness" upon labor, consumers, and investors, as well as upon prices and competition. "Big business" has been accused of a wide variety of misdeeds that range from the exploitation of the working class to the corruption of politicians and the fomenting of war.
Corporate concentration can lead to influence over government in areas such as tax policy, trade policy, environmental policy, foreign policy, and labor policy through lobbying. In 2005, the majority of Americans believed that big business has "too much power in Washington."[7]
^Forbes.com. "The Largest German Companies." Accessed 29 December 2012.
^Forbes.com. "The U.K.'s 40 Largest Companies." Accessed 29 December 2012.
^OED, "big business": 1905 F. C. Howe City, p. ix. "We are beginning to realize that the same self-interest is the politics of big business."
^Timothy P. Carney (2 July 2006), Big Business and Big Government
Dictionary of American History by James Truslow Adams, New York: Charles Scribner's Sons, 1940.
October 25, 2023
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For other uses of the name Big business see Big Business disambiguation This article needs additional citations for verification Please help improve this article by adding citations to reliable sources Unsourced material may be challenged and removed Find sources Big business news newspapers books scholar JSTOR December 2012 Learn how and when to remove this template message Big business involves large scale corporate controlled financial or business activities As a term it describes activities that run from huge transactions to the more general doing big things In corporate jargon the concept is commonly known as enterprise or activities involving enterprise customers 1 2 3 The concept first rose in a symbolic sense after 1880 in connection with the combination movement that began in American business at that time citation needed United States corporations that fall into the category of big business as of 2015 update include ExxonMobil Walmart Google Microsoft Apple General Electric General Motors Citigroup Goldman Sachs and JPMorgan Chase The largest German corporations as of 2012 update included Daimler AG Deutsche Telekom Siemens and Deutsche Bank 4 SAP is Germany s largest software company Among the largest companies in the United Kingdom as of 2012 update are HSBC Barclays WPP plc and BP 5 The latter half of the 19th century saw more technological advances and corporate growth in additional clarification needed sectors such as petroleum machinery chemicals and electrical equipment see Second Industrial Revolution In the sphere of enterprise software beyond the functional level an enterprise edition would emphasize institutional concerns around software security fault tolerance geographic redundancy disaster recovery dispersed operational collaboration with administrative teams large enough to have internal sub departments and multilingual and localized functionality that spans the global marketplace Procurement validation and regulatory compliance of large systems at the enterprise scale often involves a multi year planning cycle Contents 1 History 1 1 Origin of term 1 2 Early 20th century 1 2 1 Post World War II 1 2 1 1 Computers 1 2 1 2 Electronics 1 2 1 3 Energy 2 Criticism of big business 2 1 Influence over government 3 See also 4 ReferencesHistory EditOrigin of term Edit The Oxford English Dictionary identifies the first use of the term in 1905 to be in The City The Hope of Democracy Frederic C Howe 6 Early 20th century Edit The automotive industry began modestly in the late 19th century but grew rapidly following the development of large scale gasoline production in the early 20th century Post World War II Edit The relatively stable period of rebuilding after World War II led to new technologies some of which were spin offs from the war years and new businesses Computers Edit The new technology of computers spread worldwide in the post war years citation needed Businesses built around computer technology include IBM Microsoft Apple Inc Samsung and Intel Electronics Edit Miniaturization and integrated circuits together with an expansion of radio and television technologies provided fertile ground for business development Electronics businesses include JVC Sony Masaru Ibuka and Akio Morita and Texas Instruments Cecil H Green J Erik Jonsson Eugene McDermott and Patrick E Chodery while also the companies in the computer section above can be considered electronics Energy Edit Nuclear power was added to fossil fuel as the main sources of energy Criticism of big business EditThe social consequences of the concentration of economic power in the hands of those persons controlling big business has been a constant concern both of economists and of politicians since the end of the 19th century Various attempts have been made to investigate the effects of bigness upon labor consumers and investors as well as upon prices and competition Big business has been accused of a wide variety of misdeeds that range from the exploitation of the working class to the corruption of politicians and the fomenting of war Influence over government Edit See also Corporatocracy Corporate concentration can lead to influence over government in areas such as tax policy trade policy environmental policy foreign policy and labor policy through lobbying In 2005 the majority of Americans believed that big business has too much power in Washington 7 See also EditAlmighty dollar Big Alcohol Big Chocolate Big data Big government Big media Big Oil Big Pharma Big Science Big Soda Big Tech Big Tobacco Corporatocracy Evil corporation Fat cat Keiretsu Major film studios Megacorporation Small business ZaibatsuReferences Edit Compliance as a service platform Laika raises 35M VentureBeat 2 November 2021 Retrieved 3 November 2021 Daso Frederick WorkOS Unlocks Equal Access For B2B Startups Selling To Enterprise Customers Forbes Retrieved 3 November 2021 עסקים קטנים 23 January 2023 Forbes com The Largest German Companies Accessed 29 December 2012 Forbes com The U K s 40 Largest Companies Accessed 29 December 2012 OED big business 1905 F C Howe City p ix We are beginning to realize that the same self interest is the politics of big business Timothy P Carney 2 July 2006 Big Business and Big Government Dictionary of American History by James Truslow Adams New York Charles Scribner s Sons 1940 Retrieved from https en wikipedia org w index php title Big business amp oldid 1180433053, wikipedia, wiki, book, books, library,
