Enterprise

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Enterprise

A business firm.

Enterprise

A company or any other business.

business

or

firm

or

enterprise

a producer or distributor of GOODS or SERVICES. The economic form of a business consists of:
  1. a horizontal business, a business which specializes in a single activity, for example the production of bread. See HORIZONTAL INTEGRATION;
  2. a vertical business, a business which combines two or more successively-related vertical activities, for example flour milling and bread production. See VERTICAL INTEGRATION;
  3. a conglomerate or diversified business, a business that is engaged in a number of unrelated production activities, for example bread production and the supply of financial services.

See DIVERSIFICATION.

A business can take a number of ‘legal’ forms:

  1. a sole proprietorship, a business owned and controlled by a single person;
  2. a partnership, a business owned and controlled by two or more persons who are parties to a partnership agreement;
  3. a JOINT-STOCK COMPANY, a business owned by a group of SHAREHOLDERS and whose capital is divided up into a number of shares;
  4. a cooperative, a business owned and controlled by a group of workers. See WORKERS' COOPERATIVE.

For purposes of COMPANY LAW and the application of many company taxes and allowances (for example, CORPORATION TAX and CAPITAL ALLOWANCES) a distinction is made between ‘small and medium-sized’ companies and ‘large’ companies. Small and medium-sized companies (SMEs) are defined as follows (Companies Act, 1995):

  1. annual turnover of less than £11.2 million;
  2. gross assets of under £5.6 million;
  3. not more than 250 employees In 2000 there were some 3,662,000 firms in the UK, of which 80% were run by the self-employed. Most businesses are small with around 3,630,000 firms employing under 50 people; 24,600 firms employed between 50 and 249 people, while only 6,700 firms employed over 250 people. However, in terms of their contribution to gross domestic product (GDP) firms employing over 50 people contributed in excess of 75% of total output.

The total stock of firms fluctuates from year to year depending on the net balance of new start-up businesses and those businesses ceasing trading (see INSOLVENCY). Generally the total stock of firms increases when the economy is expanding (or as a result of some ‘special’ factor, e.g. the surge in newly established INTERNET businesses) and falls in a recession.

A final point to note is that with the increasing globalization of the world economy MULTINATIONAL ENTERPRISES are becoming more prevalent in economies such as the UK.

enterprise

see FIRM.
References in periodicals archive ?
The Registry with the FlashPack for Enterprise Architecture gives organizations a way to drive architecture planning into execution.
Using enterprise architecture standards in managing information technology.
Enterprise architecture focuses on four crucial Cs: connection, collaboration, communication and customers.
Together with the Global University Alliance the standards organizations ISO, IEEE, CSIR and OMG, John Zachman will participate in largest and most comprehensive Enterprise Architecture research project to solicit information and research into basis for the comparison, assessment, and selection of architecture frameworks and their evolution as architecting as a practice matures.
The teams also will ensure a measure of shared technical experience, a common understanding of the strengths and weakness of enterprise architecture, team cohesion, and a shared vocabulary.
An important part of ensuring that the Observing Systems Architecture is a useful element in the Enterprise Architecture was the adoption of a business requirements-driven approach to model development.
Measuring ROI for technology is critical because the industry is poised to spend $38 billion on technology by 2005, Fillios said, noting that enterprise architecture is key because it shows how business, processes, applications and systems are linked together.
Buchs will present Scenario-based Implementation of an EAM Tool at the HP Banking Service Center to conference attendees who are engaged in enterprise architecture, business processes, application development, and content and collaboration at their organizations.
Enterprise Architecture can deliver better overall business decision-making, business-IT synergy, resource utilization, governance control, and speed to innovation.
Through Office of Management and Budget's Federal Enterprise Architecture and Department of Defense's Business Enterprise Architecture, this supply chain-based framework known as the Joint Deployment and Distribution Architecture is designed to create greater efficiencies and streamline inter-agency collaboration and communication.
According to the GAO, a comprehensive enterprise architecture that defines the business processes, services, data, and security rules in conformity with the Federal Enterprise Architecture should also be implemented, but this will require both technical and management leadership.

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