Enterprise

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Enterprise

A business firm.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

Enterprise

A company or any other business.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved

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.

Collins Dictionary of Business, 3rd ed. © 2002, 2005 C Pass, B Lowes, A Pendleton, L Chadwick, D O’Reilly and M Afferson

enterprise

see FIRM.
Collins Dictionary of Economics, 4th ed. © C. Pass, B. Lowes, L. Davies 2005
References in periodicals archive ?
Juma outlined the main role of the Enterprise Architecture which ensures that business and technology are in alignment by linking the business mission, strategy, and processes of Dubai Customs to its technology strategy, and by documenting this using multiple architectural models.- TradeArabia News Service
Andre Christ is co-founder and co-CEO of LeanIX (www.leanix.net) which offers a SaaS platform for enterprise architecture.
There exists a need of understanding the disability in perspective of technology, for that purpose, this research proposed a technological model of disability based on ArchiMate Enterprise Architecture framework.
The law forces the public organizations to make enterprise architecture descriptions and manage them.
It is fundamental for DP World to realise sustainable value through global growth, service and excellence as well as a necessity to swiftly document the existing Enterprise Architecture blueprint that has empowered the delivery of IT services thus far.' Ahmad Al Haddad, Senior Manager, IT Application Management, DP World, UAE Region, said: "By using an Enterprise Architecture solution, DP World has been able to manage its baseline information in a central repository in less than 12 weeks.
Due to Northwestern Mutual's technology management practices that have increased technology project results, reduced risk and shortened the annual enterprise architecture planning process from a six-month process down to a three-week process, the award selection committee felt that they were a worthy recipient.
In recognition of NetApp's donation to the Center for Enterprise Architecture, Dean David Hall of the College of Information Sciences and Technology met with NetApp executives earlier this summer.
"Enterprise architecture moves the IT departments between different levels in terms of maturity and provides flexible assets to the whole business which can respond easily to change according to the market needs," DeBone says.
The Government Organization DEAA Award went to the National Geospatial-Intelligence Agency's office of chief information officer--enterprise architecture development and management division--for its work on Enterprise Architecture.
En 1998, el "CIO Council" le cambia el nombre al modelo de referencia de AE -TAFIM- creado por parte del Departamento de Defensa, y da origen a un nuevo modelo de referencia de arquitectura empresarial (framework), el cual fue denominado "Federal Enterprise Architecture Framework -FEAF-", en su version 1.1 [11].
There has been great interest by researchers and practitioners to the subject of enterprise architecture in the information system and information technology fields since the initial publication of Zachman's framework in 1987 (Brancheau, Janz, & Wetherbe 1996; Zachman, 1987).

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