is a person involved in thebusiness sector in particular someone undertaking activities (commercialorindustrial) for the purpose of generatingcash flowsales, andrevenueby utilizing a combination ofhumanfinancialintellectualandphysical capitalwith a view to fuelingeconomic developmentandgrowth.Anentrepreneuris a person who sets up a business or businesses.

The term businessperson may refer to a founder, owner, or majority shareholder of acommercial enterprise; or it can characterize a high-levelexecutivewho does the everyday running and management of acompanyeven if that executive is not the owner.2The term may sometimes refer to someone who is involved in an upper-levelmanagementrole in acorporation, company, enterprise, firm,organization, or agency.citation needed

Since a businessman can mean anyone in industry or commerce,3businessmen have existed as long as industry and commerce have existed. Commerce can simply meantrade, and trade has existed through all ofrecorded history. The first businessmen in human history were traders ormerchants.

Merchants emerged as aclassinmedieval Italy. Between 1300 and 1500, modernaccounting, thebill of exchange, andlimited liabilitywere invented, and thus the world saw the first true bankers, who are certainly businessmen.4

Around the same time, Europe saw the emergence of rich merchants.5This rise of the merchant class came as Europe needed a middleman for the first time, and these burghers orbourgeoiswere the people who played this role.6

Europe became the dominant global commercial power in the 16th century, and as Europeans developed new tools for business, new types of business people began to use those tools. In this period, Europe developed and usedpaper moneycheques, andjoint-stock companies(and their shares ofstock).7Developments inactuarial scienceled toinsurance.8Together, these new tools were used by a new kind of businessman, thecapitalist. These people owned or financed businesses asbankers, but they were not merchants of goods. These capitalists were a major force in theIndustrial Revolution…

The newest kind of businessperson is themanager. One of the first true managers wasRobert Owen(17711858), an industrialist in Scotland.9He studied the problems ofproductivityandmotivation, and was followed byFrederick Winslow Taylor, who was the first person who studiedwork.10AfterWorld War I, management became popular due to the example ofHerbert Hooverand theHarvard Business School, which offereddegrees in business administration(management).11

Salaries for businesspeople vary.1213The salaries of the topchief executive officerscan be millions of dollars per year. For example, the head ofDiscovery Inc.David M. Zaslav, made $156 million in 2014.14The high salaries which executives earn have often been a source of criticism from many who believe they are paid excessively.15

Some leading business theorists look to leaders in academic research on business or to successful business leaders for guidance. Collectively, these people are calledbusiness gurus.

businessman[:] A person who is employed by an organization or company. Businessmen are often associated with white collar jobs. In order to avoid sexism or the perpetuation of stereotypes, the term is often replaced with businessperson. The term businesswoman is less commonly used.

The noun BUSINESSMAN has 1 sense: 1. a person engaged in commercial or industrial business (especially an owner or executive)

The Penguin History of the World, Sixth Edition

The Penguin History of the World, Sixth Edition

The Penguin History of the World, Sixth Edition

The Penguin History of the World, Sixth Edition

The Penguin History of the World, Sixth Edition

. New York: Collins Business. pp.1516.

Articles with unsourced statements from July 2018

This page was last edited on 7 November 2019, at 18:28

Text is available under the; additional terms may apply. By using this site, you agree to theTerms of UseandPrivacy Policy. Wikipedia® is a registered trademark of theWikimedia Foundation, Inc., a non-profit organization.