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m Businessman or businesswoman "depending on gender": This can be implied, I think.
 
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{{Short description|Person involved in activities for the purpose of generating revenue}}
{{Short description|Person involved in activities for the purpose of generating revenue}}
{{Redirect|Businessman}}
{{Redirect|Businessman}}
{{Redirect|Businesswomen||Women in business}}
{{Use American English|date=October 2021}}
{{Use American English|date=October 2021}}
{{Use dmy dates|date=May 2020}}
{{Use dmy dates|date=May 2020}}
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| imagesize =
| imagesize =
| alt =
| alt =
| caption = [[China National Offshore Oil Corporation|CNOOC Group]] Chairman [[Wang Yilin]] (left) shaking hands with [[BG Group]] Chief Executive [[Chris Finlayson (businessman)|Chris Finlayson]] in 2013
| caption = [[China National Offshore Oil Corporation|CNOOC Group]] Chairman [[Wang Yilin]] (left) shaking hands with [[BG Group]] CEO [[Chris Finlayson (businessman)|Chris Finlayson]] in 2013
| official_names =
| official_names =
| type = Business
| type = Business
| activity_sector = [[Private sector|Private]]
| activity_sector = [[Private sector|Private]]
| competencies = {{hlist|[[Innovation]]|[[Risk|Risk Taking Ability]]|[[Critical thinking]]|[[Goal|Goal seeking]]|[[Social network|Networking]]|[[Persuasion]]|[[wikt:Special:Search/perseverance|Perseverance]]|[[Leadership]]}}
| competencies = {{hlist|[[Innovation]]|[[Risk|Risk Taking Ability]]|[[Critical thinking]]|[[Goal|Goal seeking]]|[[Social network|Networking]]|[[Persuasion]]|[[wikt:Special:Search/perseverance|Perseverance]]|[[Leadership]]}}
| formation = Qualification is not required
| formation = Qualification is not required
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| related_occupation = [[Capitalist]]
| related_occupation = [[Capitalist]]
}}
}}
{{Capitalism}}
{{Capitalism sidebar}}


A '''businessperson''' is an individual who has [[Organizational founder|founded]], [[ownership|owns]], or [[Shareholder|holds shares]] in (including as an [[angel investor]]) a [[Private sector|private-sector]] company. A businessperson undertakes activities (commercial or industrial) to generate [[cash flow]], sales, and revenue by using a combination of [[Human capital|human]], [[Financial capital|financial]], [[Intellectual capital|intellectual]], and [[physical capital]] to fuel economic development and growth.<ref>{{Cite web|url=http://www.businessdictionary.com/definition/businessman.html|title=businessman|year=2018|publisher=WebFinance Inc.|access-date=6 July 2018|quote= 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.|archive-date=2 February 2009|archive-url=https://web.archive.org/web/20090202202231/http://www.businessdictionary.com/definition/businessman.html|url-status=dead}}</ref>
A '''businessperson''', also referred to as a '''businessman''' or '''businesswoman''', is an individual who has [[Organizational founder|founded]], [[ownership|owns]], or [[Shareholder|holds shares]] in (including as an [[angel investor]]) a [[private-sector]] company.{{dubious|date=October 2023}} A businessperson undertakes activities (commercial or industrial) to generate [[cash flow]], sales, and revenue by using a combination of [[Human capital|human]], [[Financial capital|financial]], [[Intellectual capital|intellectual]], and [[physical capital]] to fuel economic development and growth.<ref>{{Cite web|url=http://www.businessdictionary.com/definition/businessman.html|title=businessman|year=2018|publisher=WebFinance Inc.|access-date=6 July 2018|quote= 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 "businessperson" is often used. The term "businesswoman" is less commonly used.|archive-date=2 February 2009|archive-url=https://web.archive.org/web/20090202202231/http://www.businessdictionary.com/definition/businessman.html|url-status=dead}}</ref>


== History ==
== History ==
=== Prehistoric period: Traders ===
=== Prehistoric period: Traders ===
Since a "businessman" can mean anyone in [[Industry (economics)|industry]] or [[commerce]],<ref>{{Cite web|url=http://www.audioenglish.org/dictionary/businessman.htm|title=BUSINESSMAN|publisher=Audioenglish|access-date=25 August 2014}}</ref> businesspeople have existed as long as industry and commerce have existed. "Commerce" can simply mean "[[trade]]", and trade has existed through all of [[recorded history]]. The first businesspeople in human history were traders or [[merchant]]s.<ref>{{Cite book|last=Dao|first=Zhi|url=https://books.google.com/books?id=fgeMDwAAQBAJ&pg=PT4|title=History of Commerce in China|publisher=DeepLogic|language=en}}</ref>
Since a "businessman" can mean anyone in [[Industry (economics)|industry]] or [[commerce]],<ref>{{Cite web|url=http://www.audioenglish.org/dictionary/businessman.htm|title=BUSINESSMAN|publisher=Audioenglish|access-date=25 August 2014}}</ref> businesspeople have existed as long as industry and commerce have existed. "Commerce" can simply mean "trade", and trade has existed through all of [[recorded history]]. The first businesspeople in human history were traders or [[Merchant|merchants]].<ref>{{Cite book|last=Dao|first=Zhi|url=https://books.google.com/books?id=fgeMDwAAQBAJ&pg=PT4|title=History of Commerce in China|publisher=DeepLogic|language=en}}</ref>


=== Medieval period: Rise of the merchant class ===
=== Medieval period: Rise of the merchant class ===
[[Merchant]]s emerged as a [[class (social)|social class]] in [[medieval Italy]] (compare, for example, the [[Vaishya]], the traditional merchant caste in Indian society). Between 1300 and 1500, modern accounting, the [[bill of exchange]], and [[limited liability]] were invented, and thus the world saw "the first true bankers", who are certainly businesspeople.<ref>{{Cite book|last=Roberts|first=J.M.|title=The Penguin History of the World, Sixth Edition|year=2013|publisher=Penguin|location=New York|pages=506|isbn=9780141968728|url=https://books.google.com/books?id=Koj8JeOLgTcC}}</ref>{{qn|date=December 2020}}
Merchants emerged as a [[class (social)|social class]] in [[medieval Italy]]. Between 1300 and 1500, modern accounting, the [[bill of exchange]], and [[limited liability]] were invented, and thus, the world saw "the first true bankers", who were certainly businesspeople.<ref>{{Cite book|last=Roberts|first=J.M.|title=The Penguin History of the World, Sixth Edition|year=2013|publisher=Penguin|location=New York|pages=506|isbn=9780141968728|url=https://books.google.com/books?id=Koj8JeOLgTcC}}</ref>{{qn|date=December 2020}}


Around the same time, Europe saw the "emergence of rich merchants."<ref>{{cite book|last= Roberts|first= J.M.|title= The Penguin History of the World, Sixth Edition|year= 2013|publisher= Penguin|location= New York|pages= 509}}</ref> This "rise of the merchant class" came as Europe "needed a middleman" for the first time, and these "burghers" or "[[bourgeois]]" were the people who played this role.<ref>{{cite book|last= Roberts|first= J.M.|title= The Penguin History of the World, Sixth Edition|year= 2013|publisher= Penguin|location= New York|pages=510}}</ref>
Around the same time, Europe saw the "[[Commercial revolution|emergence of rich merchants.]]"<ref>{{cite book|last= Roberts|first= J.M.|title= The Penguin History of the World, Sixth Edition|year= 2013|publisher= Penguin|location= New York|pages= 509}}</ref> This "rise of the merchant class" came as Europe "needed a middleman" for the first time, and these "burghers" or "[[bourgeois]]" were the people who played this role.<ref>{{cite book|last= Roberts|first= J.M.|title= The Penguin History of the World, Sixth Edition|year= 2013|publisher= Penguin|location= New York|pages=510}}</ref>


=== Renaissance to Enlightenment: Rise of the capitalist ===
=== Renaissance to Enlightenment: Rise of the capitalist ===
[[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 used [[paper money]], [[cheque]]s, and [[joint-stock companies]] (and their shares of [[stock]]).<ref>{{cite book|last= Roberts|first=J.M.|title=The Penguin History of the World, Sixth Edition|year=2013|publisher=Penguin|location=New York|pages=558}}</ref> Developments in [[actuarial science]] and [[underwriting]] led to insurance.<ref>{{cite book|last=Roberts|first=J.M.|title=The Penguin History of the World, Sixth Edition|year=2013|publisher=Penguin|location=New York|pages=559}}</ref> Together, these new tools were used by a new kind of businessperson, the [[capitalist]]. These people owned or financed businesses as investors, but they were not merchants of goods. These capitalists were a major force in the [[Industrial Revolution]].<ref>{{Cite web |date=September 2008 |title=Industrial Revolution Definition: History, Pros, and Cons |url=https://www.investopedia.com/terms/i/industrial-revolution.asp#:~:text=The%20industrial%20revolution%20developed%20in,to%20increase%20output%20and%20profitability. |url-status=live |access-date=2023-05-02 |website=Investopedia |language=en}}</ref>
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 used [[paper money]], [[cheque]]s, and [[joint-stock companies]] (and their shares of [[capital stock]]).<ref>{{cite book|last= Roberts|first=J.M.|title=The Penguin History of the World, Sixth Edition|year=2013|publisher=Penguin|location=New York|pages=558}}</ref> Developments in [[actuarial science]] and [[underwriting]] led to insurance.<ref>{{cite book|last=Roberts|first=J.M.|title=The Penguin History of the World, Sixth Edition|year=2013|publisher=Penguin|location=New York|pages=559}}</ref> Together, these new tools were used by a new kind of businessperson, the [[capitalist]]. These people owned or financed businesses as investors, but they were not merchants of goods. These capitalists were a major force in the [[Industrial Revolution]].<ref>{{Cite web |date=September 2008 |title=Industrial Revolution Definition: History, Pros, and Cons |url=https://www.investopedia.com/terms/i/industrial-revolution.asp#:~:text=The%20industrial%20revolution%20developed%20in,to%20increase%20output%20and%20profitability. |access-date=2023-05-02 |website=Investopedia |language=en}}</ref>


The [[Oxford English Dictionary]] reports the earliest known use of the word "business-men" in 1798, and of "business-man" in 1803. By 1860, the spelling "businessmen" had emerged.<ref>{{oed|businessman}}</ref>
The [[Oxford English Dictionary]] reports the earliest known use of the word "business-men" in 1798, and of "business-man" in 1803. By 1860, the spelling "businessmen" had emerged.<ref>{{oed|businessman}}</ref>


[[Merriam Webster]] reports the earliest known use of the word "businesswoman" in 1827.<ref>{{Cite web |title=Definition of "businesswoman" |url=https://www.merriam-webster.com/dictionary/businesswoman#:~:text=first%20known,above |access-date=2023-05-02 |website=www.merriam-webster.com}}</ref>
[[Merriam Webster]] reports the earliest known use of the word "businesswoman" in 1827.<ref>{{Cite web |title=Definition of "businesswoman" |url=https://www.merriam-webster.com/dictionary/businesswoman#:~:text=first%20known,above |access-date=2023-05-02 |website=Merriam-Webster }}</ref>


=== Modern period: Rise of the business magnate ===
=== Modern period: Rise of the business magnate ===
The newest kind of [[Business executive|corporate executive]] working under a [[business magnate]] is the [[Management|manager]]. One of the first true founders of [[management]] profession was [[Robert Owen]] (1771–1858). He was also a [[business magnate]] in Scotland.<ref>{{cite book|last= Drucker|first= Peter|title= Management, Revised Edition|url= https://archive.org/details/management0000druc|url-access= registration|year= 2008|publisher= Collins Business|location= New York|pages= [https://archive.org/details/management0000druc/page/13 13]}}</ref> He studied the "problems of [[productivity]] and [[motivation]]", and was followed by [[Frederick Winslow Taylor]] (1856–1915), who was the first person who studied work with the motive to train his [[Employment|staff]] in the field of [[management]] to make them efficient [[Management|managers]] capable of managing his business.<ref>{{cite book|last= Drucker|first=Peter|title=Management, Revised Edition|url=https://archive.org/details/management0000druc|url-access=registration|year=2008|publisher=Collins Business|location=New York|pages=[https://archive.org/details/management0000druc/page/14 14]}}</ref> After [[World War I]], management became popular due to the example of [[Herbert Hoover]] and the [[Harvard Business School]], which offered [[MBA|degrees in business administration]] (management) with the motive to develop efficient managers so that business magnates could hire them with the goal to increase productivity of the [[Privately held company|private establishment]]s business magnates own.<ref>{{cite book|last=Drucker|first=Peter|title=Management, Revised Edition|url=https://archive.org/details/management0000druc|url-access=registration|year=2008|publisher=Collins Business|location=New York|pages=[https://archive.org/details/management0000druc/page/15 15–16]}}</ref>
The newest kind of [[Business executive|corporate executive]] working under a [[business magnate]] is the manager. One of the first true founders of the management profession was [[Robert Owen]] (1771–1858). He was also a [[business magnate]] in Scotland.<ref>{{cite book|last= Drucker|first= Peter|title= Management, Revised Edition|url= https://archive.org/details/management0000druc|url-access= registration|year= 2008|publisher= Collins Business|location= New York|pages= [https://archive.org/details/management0000druc/page/13 13]}}</ref> He studied the "problems of [[productivity]] and [[motivation]]", and was followed by [[Frederick Winslow Taylor]] (1856–1915), who was the first person who studied work with the motive to train his [[Employment|staff]] in the field of management to make them efficient managers capable of managing his business.<ref>{{cite book|last= Drucker|first=Peter|title=Management, Revised Edition|url=https://archive.org/details/management0000druc|url-access=registration|year=2008|publisher=Collins Business|location=New York|pages=[https://archive.org/details/management0000druc/page/14 14]}}</ref> After [[World War I]], management became popular due to the example of [[Herbert Hoover]] and the [[Harvard Business School]], which offered [[MBA|degrees in business administration]] (management) with the motive to develop efficient managers so that business magnates could hire them with the goal to increase productivity of the [[Privately held company|private establishment]]s business magnates own.<ref>{{cite book|last=Drucker|first=Peter|title=Management, Revised Edition|url=https://archive.org/details/management0000druc|url-access=registration|year=2008|publisher=Collins Business|location=New York|pages=[https://archive.org/details/management0000druc/page/15 15–16]}}</ref>


== Salary ==
== Salary ==
{{see also|Income inequality|Gini index|Maximum wage|One-dollar salary}}
{{see also|Income inequality|Gini index|Maximum wage|One-dollar salary}}
[[Salaries]] for businesspeople vary.<ref>{{cite web|title=Business and Financial Occupations|url=https://www.bls.gov/ooh/business-and-financial/home.htm|access-date=18 September 2015|website=www.bls.gov|publisher=U.S. Department of Labor|language=en-us}}</ref><ref>{{cite web|title=Management Occupations|url=https://www.bls.gov/ooh/management/|access-date=18 October 2015|website=www.bls.gov|publisher=U.S. Department of Labor|language=en-us}}</ref> The salaries of businesspeople can be as high as [[billion]]s of [[United States dollar|dollar]]s per year. For example, the [[ownership|owner]] of [[Microsoft]], [[Bill Gates]] makes $4&nbsp;billion per year. The high salaries which businesspeople earn have often been a source of criticism from many who believe they are paid excessively.<ref>{{cite journal |url=https://hbr.org/2014/09/ceos-get-paid-too-much-according-to-pretty-much-everyone-in-the-world/ |title=CEOs Get Paid Too Much |first=Gretchen|last=Gavett |journal=Harvard Business Review |date=23 September 2014 |access-date=18 September 2015 }}</ref>
[[Salaries]] for businesspeople vary.<ref>{{cite web|title=Business and Financial Occupations|url=https://www.bls.gov/ooh/business-and-financial/home.htm|access-date=18 September 2015|website=www.bls.gov|publisher=U.S. Department of Labor|language=en-us}}</ref><ref>{{cite web|title=Management Occupations|url=https://www.bls.gov/ooh/management/|access-date=18 October 2015|website=www.bls.gov|publisher=U.S. Department of Labor|language=en-us}}</ref> The salaries of businesspeople can be as high as [[billion]]s of [[United States dollar|dollar]]s per year. For example, the [[ownership|owner]] of [[Microsoft]], [[Bill Gates]] makes $4&nbsp;billion per year. The high salaries which businesspeople earn have often been a source of criticism from many who believe they are paid excessively.<ref>{{cite journal |url=https://hbr.org/2014/09/ceos-get-paid-too-much-according-to-pretty-much-everyone-in-the-world/ |title=CEOs Get Paid Too Much |first=Gretchen|last=Gavett |journal=Harvard Business Review |date=23 September 2014 |access-date=18 September 2015 }}</ref>


== Entrepreneurship ==
== Entrepreneurship ==
{{see also|Business development}}
{{see also|Business development}}
An entrepreneur is a person who [[Organizational founder|sets up a business]] or multiple businesses ([[serial entrepreneur]]). [[Entrepreneurship]] may be defined as the [[value creation|creation]] or extraction of [[economic value]]. It is generally thought to embrace [[business risk|risks]] beyond what is normally encountered in starting a business. Its motivation can include other values than simply economic ones. <ref name="Investopedia 2006">{{cite web | title=Entrepreneur: What It Means to Be One and How to Get Started | website=Investopedia | date=2006-05-01 | url=https://www.investopedia.com/terms/e/entrepreneur.asp | access-date=2023-04-02}}</ref><ref name="Stanford Online 2022">{{cite web | title=What is entrepreneurship? | website=Stanford Online | date=2022-01-10 | url=https://online.stanford.edu/what-is-entrepreneurship | access-date=2023-04-02}}</ref><ref>{{Cite web|title=Starting a Business {{!}} Encyclopedia.com|url=https://www.encyclopedia.com/finance/encyclopedias-almanacs-transcripts-and-maps/starting-business|access-date=5 December 2021|website=www.encyclopedia.com}}</ref>
An entrepreneur is a person who [[Organizational founder|sets up a business]] or multiple businesses ([[serial entrepreneur]]). [[Entrepreneurship]] may be defined as the [[value creation|creation]] or extraction of [[economic value]]. It is generally thought to embrace [[business risk|risks]] beyond what is normally encountered in starting a business. Its motivation can include other values than simply economic ones.<ref name="Investopedia 2006">{{cite web | title=Entrepreneur: What It Means to Be One and How to Get Started | website=Investopedia | date=2006-05-01 | url=https://www.investopedia.com/terms/e/entrepreneur.asp | access-date=2023-04-02}}</ref><ref name="Stanford Online 2022">{{cite web | title=What is entrepreneurship? | website=Stanford Online | date=2022-01-10 | url=https://online.stanford.edu/what-is-entrepreneurship | access-date=2023-04-02}}</ref><ref>{{Cite web|title=Starting a Business {{!}} Encyclopedia.com|url=https://www.encyclopedia.com/finance/encyclopedias-almanacs-transcripts-and-maps/starting-business|access-date=5 December 2021|website=www.encyclopedia.com}}</ref>
In general usage, because the distinction is not clear-cut, the term 'entrepreneur' may be used as a (self-)promoting [[euphemism]] for 'businessperson', or it may serve to objectively indicate particular passion and risk-taking in a business field. Still, the distinction is only one by degrees.<ref name="Define Business Terms 2023">{{cite web | title=Difference between businessman and entrepreneur | website=Define Business Terms | date=2023-03-19 | url=https://www.definebusinessterms.com/difference-between-businessman-and-entrepreneur/ | access-date=2023-04-02}}</ref><ref name="The Gritti Fund 2019">{{cite web | title=The Difference Between An Industrialist, Businessman And An Entrepreneur | website=The Gritti Fund | date=2019-02-21 | url=https://thegrittifund.com/entrepreneurship-definition/difference-industrialist-businessman-entrepreneur/ | access-date=2023-04-02}}</ref>
In general usage, because the distinction is not clear-cut, the term 'entrepreneur' may be used as a (self-)promoting [[euphemism]] for 'businessperson', or it may serve to objectively indicate particular passion and risk-taking in a business field. Still, the distinction is only one by degrees.<ref name="Define Business Terms 2023">{{cite web | title=Difference between businessman and entrepreneur | website=Define Business Terms | date=2023-03-19 | url=https://www.definebusinessterms.com/difference-between-businessman-and-entrepreneur/ | access-date=2023-04-02}}</ref><ref name="The Gritti Fund 2019">{{cite web | title=The Difference Between An Industrialist, Businessman And An Entrepreneur | website=The Gritti Fund | date=2019-02-21 | url=https://thegrittifund.com/entrepreneurship-definition/difference-industrialist-businessman-entrepreneur/ | access-date=2023-04-02}}</ref>


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{{Portal|Business}}
{{Portal|Business}}
{{wikt|businessperson|businesswoman|businessman}}
{{wikt|businessperson|businesswoman|businessman}}
* [[Business magnate|Business Magnate]]
* [[Business magnate]]
* [[Business]]
* [[Business]]
* [[Entrepreneurship|Entrepreneur]]
* [[Entrepreneur]]
* [[Media proprietor|Media Proprietor]]
* [[Media proprietor]]
* [[Corporation|Corporate]]
* [[Corporation|Corporate]]
* [[Salaryman]]
* [[Salaryman]]
* [[White-collar worker]]
* [[White-collar worker]]
* [[Women in business]]
** [[Ahaha]]
{{Clear}}
{{Clear}}


Latest revision as of 20:49, 19 December 2024

"Businessman" redirects here. For other uses, see Businessman (disambiguation).

Businessperson
CNOOC Group Chairman Wang Yilin (left) shaking hands with BG Group CEO Chris Finlayson in 2013
Occupation
Occupation type
Business
Activity sectors
Private
Description
Competencies
Education required
Qualification is not required
Related jobs
Capitalist
Part of a series on
Capitalism
Concepts
Economic systems
Economic theories
Origins
Development
Intellectuals
Related topics
Ideologies

A businessperson, also referred to as a businessman or businesswoman, is an individual who has founded, owns, or holds shares in (including as an angel investor) a private-sector company.[dubious – discuss] A businessperson undertakes activities (commercial or industrial) to generate cash flow, sales, and revenue by using a combination of human, financial, intellectual, and physical capital to fuel economic development and growth.[1]

History

[edit]

Prehistoric period: Traders

[edit]

Since a "businessman" can mean anyone in industry or commerce,[2] businesspeople have existed as long as industry and commerce have existed. "Commerce" can simply mean "trade", and trade has existed through all of recorded history. The first businesspeople in human history were traders or merchants.[3]

Medieval period: Rise of the merchant class

[edit]

Merchants emerged as a social class in medieval Italy. Between 1300 and 1500, modern accounting, the bill of exchange, and limited liability were invented, and thus, the world saw "the first true bankers", who were certainly businesspeople.[4][need quotation to verify]

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

Renaissance to Enlightenment: Rise of the capitalist

[edit]

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 used paper money, cheques, and joint-stock companies (and their shares of capital stock).[7] Developments in actuarial science and underwriting led to insurance.[8] Together, these new tools were used by a new kind of businessperson, the capitalist. These people owned or financed businesses as investors, but they were not merchants of goods. These capitalists were a major force in the Industrial Revolution.[9]

The Oxford English Dictionary reports the earliest known use of the word "business-men" in 1798, and of "business-man" in 1803. By 1860, the spelling "businessmen" had emerged.[10]

Merriam Webster reports the earliest known use of the word "businesswoman" in 1827.[11]

Modern period: Rise of the business magnate

[edit]

The newest kind of corporate executive working under a business magnate is the manager. One of the first true founders of the management profession was Robert Owen (1771–1858). He was also a business magnate in Scotland.[12] He studied the "problems of productivity and motivation", and was followed by Frederick Winslow Taylor (1856–1915), who was the first person who studied work with the motive to train his staff in the field of management to make them efficient managers capable of managing his business.[13] After World War I, management became popular due to the example of Herbert Hoover and the Harvard Business School, which offered degrees in business administration (management) with the motive to develop efficient managers so that business magnates could hire them with the goal to increase productivity of the private establishments business magnates own.[14]

Salary

[edit]
See also: Income inequality, Gini index, Maximum wage, and One-dollar salary

Salaries for businesspeople vary.[15][16] The salaries of businesspeople can be as high as billions of dollars per year. For example, the owner of Microsoft, Bill Gates makes $4 billion per year. The high salaries which businesspeople earn have often been a source of criticism from many who believe they are paid excessively.[17]

Entrepreneurship

[edit]
See also: Business development

An entrepreneur is a person who sets up a business or multiple businesses (serial entrepreneur). Entrepreneurship may be defined as the creation or extraction of economic value. It is generally thought to embrace risks beyond what is normally encountered in starting a business. Its motivation can include other values than simply economic ones.[18][19][20] In general usage, because the distinction is not clear-cut, the term 'entrepreneur' may be used as a (self-)promoting euphemism for 'businessperson', or it may serve to objectively indicate particular passion and risk-taking in a business field. Still, the distinction is only one by degrees.[21][22]

See also

[edit]
Look up businessperson, businesswoman, or businessman in Wiktionary, the free dictionary.

References

[edit]
  1. ^ "businessman". WebFinance Inc. 2018. Archived from the original on 2 February 2009. Retrieved 6 July 2018. 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 "businessperson" is often used. The term "businesswoman" is less commonly used.
  2. ^ "BUSINESSMAN". Audioenglish. Retrieved 25 August 2014.
  3. ^ Dao, Zhi. History of Commerce in China. DeepLogic.
  4. ^ Roberts, J.M. (2013). The Penguin History of the World, Sixth Edition. New York: Penguin. p. 506. ISBN 9780141968728.
  5. ^ Roberts, J.M. (2013). The Penguin History of the World, Sixth Edition. New York: Penguin. p. 509.
  6. ^ Roberts, J.M. (2013). The Penguin History of the World, Sixth Edition. New York: Penguin. p. 510.
  7. ^ Roberts, J.M. (2013). The Penguin History of the World, Sixth Edition. New York: Penguin. p. 558.
  8. ^ Roberts, J.M. (2013). The Penguin History of the World, Sixth Edition. New York: Penguin. p. 559.
  9. ^ "Industrial Revolution Definition: History, Pros, and Cons". Investopedia. September 2008. Retrieved 2 May 2023.
  10. ^ "businessman". Oxford English Dictionary (Online ed.). Oxford University Press. (Subscription or participating institution membership required.)
  11. ^ "Definition of "businesswoman"". Merriam-Webster. Retrieved 2 May 2023.
  12. ^ Drucker, Peter (2008). Management, Revised Edition. New York: Collins Business. pp. 13.
  13. ^ Drucker, Peter (2008). Management, Revised Edition. New York: Collins Business. pp. 14.
  14. ^ Drucker, Peter (2008). Management, Revised Edition. New York: Collins Business. pp. 15–16.
  15. ^ "Business and Financial Occupations". www.bls.gov. U.S. Department of Labor. Retrieved 18 September 2015.
  16. ^ "Management Occupations". www.bls.gov. U.S. Department of Labor. Retrieved 18 October 2015.
  17. ^ Gavett, Gretchen (23 September 2014). "CEOs Get Paid Too Much". Harvard Business Review. Retrieved 18 September 2015.
  18. ^ "Entrepreneur: What It Means to Be One and How to Get Started". Investopedia. 1 May 2006. Retrieved 2 April 2023.
  19. ^ "What is entrepreneurship?". Stanford Online. 10 January 2022. Retrieved 2 April 2023.
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