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 ?
Sean Kerins, who joined the company in 2007 as vice president of its enterprise computing solutions storage and networking group, will succeed Bryant as president of Arrow's global enterprise computing solutions business, said Arrow, Kerins has also served as president of the company's North America enterprise computing solutions business since 2010.
Further, Arrow said that Sean Kerins, who joined the company in 2007 as vice president of its enterprise computing solutions storage and networking group, will succeed Bryant as president of Arrow's global enterprise computing solutions business.
AMD has made significant strides in advancing performance-per-watt and x86 virtualization leadership with the AMD Opteron processor featuring AMD Virtualization, which greatly enhances the flexibility, scalability and compelling economics of enterprise computing.
The ES7000/one server powered by the new Dual-Core Intel Itanium 2 processors has demonstrated the highest performance of any 16-processor and the lowest price/performance of any non-clustered server in the 3000 GB TPC-H benchmark, widely recognized as a standard measure of system performance for decision support and business intelligence in commercial enterprise computing.
Unisys Corporation (NYSE:UIS) today announced a revolutionary server architecture as the foundation of a comprehensive strategy to create a compelling customer value proposition in the expanding market for enterprise computing.
Combining technology and services, Unisys open source solutions provide a comprehensive environment that enables clients to realize the full benefits of enterprise computing capitalizing on the economics of open source software.
E[acute accent]IBRIX(R) delivers increased application performance to enterprise computing environments utilizing a unique, software-based parallel file serving solution.

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