Business history and description

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2020-04-17 02:20:13

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The History of business is conducted since ancient times. For many centuries, has accumulated vast experience and tradition of doing business, a culture and ethics of entrepreneurship. Will talk about how evolved the world history of business development, about the most vivid examples of success and start your own business from scratch.

business history

Business concepts

In the Russian language the word “business” is synonymous with entrepreneurship, in the English language this concept literally means “business”. The essence of this phenomenon consists in the extraction of profit from any class.

Business – economic activities associated with risks, liability for them is assumed by the entrepreneur. The businessman has autonomy in decision-making and in the organization of the business. Business as an economic phenomenon peculiar to the legal, financial and property responsibility, systematic profit. Any state have their own laws regulating the activities of entrepreneurs, but in any case, they provide legal registration and payment of taxes on profits.

Business Forms

Over a century of history of development of business has been his main varieties. The most popular form and historically the oldest is the trade, the second most frequent form – the production of, and the third – service.

Also includes such varieties as insurance, financial and show business. On organizational and legal characteristics are such kinds of business activity, as a cooperative, partnership, limited liability company, partnership, joint stock company and family business.

success stories in business

The Emergence of entrepreneurship

Business History is rooted in antiquity. The first entrepreneurs appeared when agriculture began to produce surpluses of food. Then the most active people began to exchange products for other household items and food. The period of barter lasted quite long, but basically “businessmen” conducted business in a very small geographical areas. With the advent of money the process of entrepreneurship began to take on a larger scale, began to receive financial, insurance dealers.

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Business in the Ancient world

It Documented that business history starts in Mesopotamia. There a group of dealers created the camaraderie that using letters of credit provided by Finance various commercial transactions.

In Ancient Greece, the trade was largely the domain of state control, and entrepreneurs were engaged in various services, especially financial and credit. The rapid development of the business takes place in Ancient Rome. Entrepreneurs create large banking enterprises, enterprises for the production of clothing, weapons, household items and furniture. At this time begins to actively use the labor of hired workers. But the production was mostly manual. During this period formed the first system of accounting for and taxation of entrepreneurs attempt to regulate their activities.

history of business

Business of the Middle ages

After the fall of the Roman Empire the history of the business enters a new stage of development. The rapid growth of the Byzantine relations between East and West, to establish new relations between the European States and Oriental countries.

At this time there is an increase of production by increasing the number of workshops. Formed a class of merchants, which are combined in the Guild, they connect the capital to the procurement of goods in distant lands. In the 14th century in Italy was invented accounting system, which later became essential to the development of capitalism. By the end of the Middle ages are beginning to emerge of a large company who not only engaged in the sale and transportation of goods, but also produce a variety of goods, hiring workers.

Entrepreneurship Development

With the New time comes a new period in the development of the business. The era of the great geographical discoveries led to a new surge of entrepreneurial activity. There are big trading company that equipped ships for trade with overseas countries.

In the 16th century the reformation led to the emergence of Protestantism, which is an important virtue believed hard work and considered wealth as a sign of divine blessing. This has led to the emergence of a large number of entrepreneurs across Europe, especially on its North.

At the turn of the 17th and 18th centuries the first English scientist Cantillon uses the word “business”. From the mid-18th century begins the industrial revolution, it is possible to quickly produce low-cost goods in large quantities.

On this wave there is a new class of entrepreneurs-Industrialists who sought to profit by expanding production. This class is a real “progress”, businessmen are becoming the initiators of the introduction of new technologies, looking for ways to improve the efficiency of enterprises, develop new methods of management of the companies.

In the mid 18th century expansion jointsocieties and banking, this leads to the fact that the business is beginning more and more to share on both large and small, among them a rapidly growing gap. In the mid-19th century formed the capitalist class that investing resources in the development of enterprises.

history of show business

Modern business

Since the beginning of the 20th century begins the modern phase of business, when there is a rapid growth of number of businessmen. At this time be a characteristic of the history of the business from scratch, a huge impetus to the development of this sector gives access from the world financial crisis and the spread of American ideas of personal success for everyone.

In the early 20th century there is a new field of activity – Manager, introduced scientific methods of business management is actively formulated new economic theory.

In the mid-20th century 3rd industrial revolution that leads to a breakthrough in the field of innovative business. A new round of entrepreneurship is associated with commercial development of the virtual space. E-Commerce has become the platform to implement the ideas of young businessmen. They were attracted by not only the new, unique sphere, but also the opportunity to establish a profitable business with small initial investment.

The current stage is characterized by active development of the venture capital business, which is associated with the involvement of investors and realization of business projects in high-tech spheres of production.

the history of the business from the ground up

History of Russian business: the occurrence and stages

Russia in the field of entrepreneurship has its own special way. Emerging money relations on the territory of our country only in the 9th century, and then begins to form the first stratum of merchants that roam the lands of the state and literally profiting from their activity.

The Adoption of Orthodoxy a little slowed down the development of entrepreneurship, but life cannot be stopped, and the process of creating your own options business is gradually gaining strength. Russia as an agrarian country, always was mostly field work of agricultural entrepreneurs. The country had a large number of fairs and markets in the implementation of various food products.

From the second half of the 16th century, the country is entering a period of recovery and cooperation with other countries, it had a positive effect on a family and artisanal businesses. Gradually increasing the production of goods, formed a group of artisans who specializiruetsya in the production of its products.

In the 17th century the government started to provide support to entrepreneurs, encouraging business initiative. In the late 18th century with the development of banking loan system begins a steady increase in the number of private entrepreneurs. Created merchant guilds, craft cooperatives, various associations and community.

In the 19th century the history of business in Russia reaches its peak, there is large and small businesses, forming a class of Industrialists. New areas of production, Russia is in the process of industrialization. The stability of the economy helped to attract people into business.

That All changed in the Soviet period. The abolition of private property led to the fact that the business became unprofitable and even illegal. The field of entrepreneurship were replaced by state structures. Only after perestroika and the return to market economy in Russia is once again able to do business.

For 30 years, the country passes the stage of capital accumulation, privatization, distribution of markets and resources. The beginning of the 21st century, the country had a little catch up. Although the segment of private entrepreneurship started to decrease on the background of the financial crisis. Today, Russia is actively developing small and medium businesses, formed the field of e-Commerce begins to set up a business in the innovation sector.

the history of business in Russia

Small business

The World experience shows that stable growth of the economy and its development is mostly provided by small and medium-sized companies. The modern history of small businesses show that small private firms are the engine of the economy. In Russia experience of creation of small enterprises starts with the 90-ies of the 20th century, when people without a lot of capital to create various industrial and commercial firms.

The Government develops different mechanisms to support small business, and expects that by 2030 about 60-70% of the population will be employed in this field. Over the long history of business has many examples of huge successes and failures. So, from scratch, once started his business, the owner of the largest retail network Wal-Mart. Sam Walton could come up with a successful business model, which eventually brought him millions in revenue and turned a small business into a major Corporation.

the history of small business

Success Stories

World experience knows a lot of examples of how people, due to their activity and practical acumen, he passed the way from small companies to large enterprises. Success stories in business are numerous.

Impressive story of three friends - sigla, Baldwin and Bowker's, who were United in their love for coffee and opened a small shop, which later becamethe famous coffee chain Starbucks Coffee. Classic success stories are examples of Henry Ford and George Parker, who were able to create a huge business on their ideas and enthusiasm.

A Separate page in the history of the enterprise – the show business. This area existed in Ancient Greece. But as an industry it begins to form in the late 19th century. The history of show business begins in the United States, it contributes a lot to the development of cinema and audio recording.

A boom of entrepreneurship in the field of spectacles starts from the 2nd half of the 20th century, when it begins to form a mass culture. Appear entrepreneurs: entrepreneurs, producers, managers that make their business profit from actors, singers, writers. Today show business – a market with a huge number of small, medium and big business.


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Alin Trodden - author of the article, editor
"Hi, I'm Alin Trodden. I write texts, read books, and look for impressions. And I'm not bad at telling you about it. I am always happy to participate in interesting projects."

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