"Businesswomen" redirects here. For other uses, see Women in business.
A businessman, businessperson, or businesswoman is an individual who has founded, owns, or holds shares in (including as an angel investor) a private-sector company. A businessperson undertakes activities (commercial or industrial) for the purpose of generating cash flow, sales, and revenue by using a combination of human, financial, intellectual, and physical capital with a view to fueling economic development and growth.[1]
Since a "businessman" can mean anyone in industry or commerce,[2] businesspeople have existed as long as industry and commerce have existed. "Commerce" can simply mean "trade", and trade has existed through all of recorded history. The first businesspeople in human history were traders or merchants.[3]
Around the same time, Europe saw the "emergence of rich merchants."[5] This "rise of the merchant class" came as Europe "needed a middleman" for the first time, and these "burghers" or "bourgeois" were the people who played this role.[6]
Renaissance to Enlightenment: Rise of the capitalist
Europe became the dominant global commercial power in the 16th century, and as Europeans developed new tools for business, new types of "business people" began to use those tools. In this period, Europe developed and used paper money, cheques, and joint-stock companies (and their shares of stock).[7] Developments in actuarial science and underwriting led to insurance.[8] Together, these new tools were used by a new kind of businessperson, the capitalist. These people owned or financed businesses as investors, but they were not merchants of goods. These capitalists were a major force in the Industrial Revolution.[citation needed]
The Oxford English Dictionary notes the earliest known use of the word "business-men" in 1798, and of "business-man" in 1803. By 1860 the spelling "businessmen" had emerged.[9]
Salaries for businesspeople vary.[13][14] The salaries of businesspeople can be as high as billions of dollars per year. For example, the owner of Microsoft, Bill Gates makes $4 billion per year. The high salaries which businesspeople earn have often been a source of criticism from many who believe they are paid excessively.[15]
Entrepreneurship
Entrepreneurship is the creation or extraction of value. With this definition, entrepreneurship is viewed as change, generally entailing risk beyond what is normally encountered in starting a business, which may include other values than simply economic ones. An entrepreneur is a person who sets up a business or businesses.[16]
^. WebFinance Inc. 2018. Archived from the original on 2 February 2009. Retrieved 6 July 2018. businessman[:] A person who is employed by an organization or company. Businessmen are often associated with white collar jobs. In order to avoid sexism or the perpetuation of stereotypes, the term is often replaced with "businessperson". The term "businesswoman" is less commonly used.
^"BUSINESSMAN". Audioenglish. Retrieved 25 August 2014.
^Dao, Zhi. History of Commerce in China. DeepLogic.
^Roberts, J.M. (2013). The Penguin History of the World, Sixth Edition. New York: Penguin. p. 506. ISBN9780141968728.
^Roberts, J.M. (2013). The Penguin History of the World, Sixth Edition. New York: Penguin. p. 509.
^Roberts, J.M. (2013). The Penguin History of the World, Sixth Edition. New York: Penguin. p. 510.
^Roberts, J.M. (2013). The Penguin History of the World, Sixth Edition. New York: Penguin. p. 558.
^Roberts, J.M. (2013). The Penguin History of the World, Sixth Edition. New York: Penguin. p. 559.
^Drucker, Peter (2008). Management, Revised Edition. New York: Collins Business. pp. 13.
^Drucker, Peter (2008). Management, Revised Edition. New York: Collins Business. pp. 14.
^Drucker, Peter (2008). Management, Revised Edition. New York: Collins Business. pp. 15–16.
^"Business and Financial Occupations". www.bls.gov. U.S. Department of Labor. Retrieved 18 September 2015.
^"Management Occupations". www.bls.gov. U.S. Department of Labor. Retrieved 18 October 2015.
^Gavett, Gretchen (23 September 2014). "CEOs Get Paid Too Much". Harvard Business Review. Retrieved 18 September 2015.
^"Starting a Business | Encyclopedia.com". www.encyclopedia.com. Retrieved 5 December 2021.
March 30, 2023
businessperson, businessman, redirects, here, other, uses, businessman, disambiguation, businesswomen, redirects, here, other, uses, women, business, businessman, businessperson, businesswoman, individual, founded, owns, holds, shares, including, angel, invest. Businessman redirects here For other uses see Businessman disambiguation Businesswomen redirects here For other uses see Women in business A businessman businessperson or businesswoman is an individual who has founded owns or holds shares in including as an angel investor a private sector company A businessperson undertakes activities commercial or industrial for the purpose of generating cash flow sales and revenue by using a combination of human financial intellectual and physical capital with a view to fueling economic development and growth 1 BusinessmanCNOOC Group Chairman Wang Yilin left shaking hands with BG Group Chief Executive Chris Finlayson in 2013OccupationOccupation typeBusinessActivity sectorsPrivateDescriptionCompetenciesInnovationRisk Taking AbilityCritical thinkingGoal seekingNetworkingPersuasionPerseveranceLeadershipEducation requiredQualification is not requiredRelated jobsCapitalist Contents 1 History 1 1 Prehistoric period Traders 1 2 Medieval period Rise of the merchant class 1 3 Renaissance to Enlightenment Rise of the capitalist 1 4 Modern period Rise of the business magnate 2 Salary 3 Entrepreneurship 4 See also 5 ReferencesHistory EditPrehistoric period Traders Edit Since a businessman can mean anyone in industry or commerce 2 businesspeople have existed as long as industry and commerce have existed Commerce can simply mean trade and trade has existed through all of recorded history The first businesspeople in human history were traders or merchants 3 Medieval period Rise of the merchant class Edit Merchants emerged as a class in medieval Italy compare for example the Vaishya the traditional merchant caste in Indian society Between 1300 and 1500 modern accounting the bill of exchange and limited liability were invented and thus the world saw the first true bankers who are certainly businesspeople 4 need quotation to verify Around the same time Europe saw the emergence of rich merchants 5 This rise of the merchant class came as Europe needed a middleman for the first time and these burghers or bourgeois were the people who played this role 6 Renaissance to Enlightenment Rise of the capitalist Edit Europe became the dominant global commercial power in the 16th century and as Europeans developed new tools for business new types of business people began to use those tools In this period Europe developed and used paper money cheques and joint stock companies and their shares of stock 7 Developments in actuarial science and underwriting led to insurance 8 Together these new tools were used by a new kind of businessperson the capitalist These people owned or financed businesses as investors but they were not merchants of goods These capitalists were a major force in the Industrial Revolution citation needed The Oxford English Dictionary notes the earliest known use of the word business men in 1798 and of business man in 1803 By 1860 the spelling businessmen had emerged 9 Modern period Rise of the business magnate Edit The newest kind of corporate executive working under a business magnate is the manager One of the first true founders of management profession was Robert Owen 1771 1858 He was also a business magnate in Scotland 10 He studied the problems of productivity and motivation and was followed by Frederick Winslow Taylor 1856 1915 who was the first person who studied work with the motive to train his staff in the field of management to make them efficient managers capable of managing his business 11 After World War I management became popular due to the example of Herbert Hoover and the Harvard Business School which offered degrees in business administration management with the motive to develop efficient managers so that business magnates can hire them with the goal to increase productivity of the private establishments business magnates own 12 Salary EditSalaries for businesspeople vary 13 14 The salaries of businesspeople can be as high as billions of dollars per year For example the owner of Microsoft Bill Gates makes 4 billion per year The high salaries which businesspeople earn have often been a source of criticism from many who believe they are paid excessively 15 Entrepreneurship EditEntrepreneurship is the creation or extraction of value With this definition entrepreneurship is viewed as change generally entailing risk beyond what is normally encountered in starting a business which may include other values than simply economic ones An entrepreneur is a person who sets up a business or businesses 16 See also Edit Business portal Look up businessperson businesswoman or businessman in Wiktionary the free dictionary Business Magnate Business Entrepreneur Media Proprietor Corporate Salaryman White collar workerReferences Edit businessman WebFinance Inc 2018 Archived from the original on 2 February 2009 Retrieved 6 July 2018 businessman A person who is employed by an organization or company Businessmen are often associated with white collar jobs In order to avoid sexism or the perpetuation of stereotypes the term is often replaced with businessperson The term businesswoman is less commonly used BUSINESSMAN Audioenglish Retrieved 25 August 2014 Dao Zhi History of Commerce in China DeepLogic Roberts J M 2013 The Penguin History of the World Sixth Edition New York Penguin p 506 ISBN 9780141968728 Roberts J M 2013 The Penguin History of the World Sixth Edition New York Penguin p 509 Roberts J M 2013 The Penguin History of the World Sixth Edition New York Penguin p 510 Roberts J M 2013 The Penguin History of the World Sixth Edition New York Penguin p 558 Roberts J M 2013 The Penguin History of the World Sixth Edition New York Penguin p 559 businessman Oxford English Dictionary Online ed Oxford University Press Subscription or participating institution membership required Drucker Peter 2008 Management Revised Edition New York Collins Business pp 13 Drucker Peter 2008 Management Revised Edition New York Collins Business pp 14 Drucker Peter 2008 Management Revised Edition New York Collins Business pp 15 16 Business and Financial Occupations www bls gov U S Department of Labor Retrieved 18 September 2015 Management Occupations www bls gov U S Department of Labor Retrieved 18 October 2015 Gavett Gretchen 23 September 2014 CEOs Get Paid Too Much Harvard Business Review Retrieved 18 September 2015 Starting a Business Encyclopedia com www encyclopedia com Retrieved 5 December 2021 Retrieved from https en wikipedia org w index php title Businessperson amp oldid 1147065427, wikipedia, wiki, book, books, library,
