Enterprise


Also found in: Dictionary, Thesaurus, Medical, Legal, Acronyms, Idioms, Encyclopedia, Wikipedia.
Related to Enterprise: budget, Enterprise value

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 classic literature ?
The facts, however, will prove to be linked and banded together by one grand scheme, devised and conducted by a master spirit; one set of characters, also, continues throughout, appearing occasionally, though sometimes at long intervals, and the whole enterprise winds up by a regular catastrophe; so that the work, without any labored attempt at artificial construction, actually possesses much of that unity so much sought after in works of fiction, and considered so important to the interest of every history.
State of the fur trade of the Rocky Mountains American enterprises General Ashley and his associates Sublette, a famous leader Yearly rendezvous among the mountains Stratagems and dangers of the trade Bands of trappers Indian banditti Crows and Blackfeet Mountaineers Traders of the Far West Character and habits of the trapper
Astor abandoned all thoughts of regaining Astoria, and made no further attempt to extend his enterprises beyond the Rocky Mountains; and the Northwest Company considered themselves the lords of the country.
One of the first to revive these tramontane expeditions was General Ashley, of Missouri, a man whose courage and achievements in the prosecution of his enterprises have rendered him famous in the Far West.
Maston should have done before sending this telegram forth to the world, which, according to his idea, told the whole result of the enterprise. Indeed this telegram contained two sorts of errors, as was proved eventually.
This recital will destroy many illusions and surmises; but it will give a true idea of the singular changes in store for such an enterprise; it will bring out the scientific instincts of Barbicane, the industrious resources of Nicholl, and the audacious humor of Michel Ardan.
Surely we will pause ere we give an office so high to one who shows evidently how little he reverences our blood, by his so readily undertaking this enterprise against Richard.
Parents increasingly have a great interest in the educational institution their child is attending but little influence over the enterprise. Similarly, the local community has considerable interest in but little influence on the enterprise.
Whereas the specific issues will vary by enterprise and tax jurisdiction, the effect on the financial statement tax accrual process is the same:
[ClickPress, Wed Oct 31 2018] Global Enterprise Content Management Solution Market: Introduction
The legal data for the structure of newly-formed enterprises shows that most of the enterprises are categorized in the group of limited liability companies and joint stock companies (70.1 %) even if a drop of 4.8 percent was noted compared to the previous year
1 Business Intelligence, Large Enterprise: Datamatics Global Services Ltd