A business (also known as enterprise or firm) is an organization engaged in the trade of goods, services, or both to consumers. Businesses are predominant in capitalist economies, where most of them are privately owned and administered to earn profit to increase the wealth of their owners. Businesses may also be not-for-profit or state-owned. A business owned by multiple individuals may be referred to as a company, although that term also has a more precise meaning.
The etymology of "business" relates to the state of being busy either as an individual or society as a whole, doing commercially viable and profitable work. The term "business" has at least three usages, depending on the scope — the singular usage to mean a particular organization; the generalized usage to refer to a particular market sector, "the music business" and compound forms such as agribusiness; and the broadest meaning, which encompasses all activity by the community of suppliers of goods and services. However, the exact definition of business, like much else in the philosophy of business, is a matter of debate and complexity of meanings.
Owners engage in business administration either directly or indirectly through the employment of managers. Owner managers, or hired managers administer to three component resources that constitute the business' value or worth: financial resources, capital or tangible resources, and human resources. These resources are administered to in at least five functional areas: legal contracting, manufacturing or service production, marketing, accounting, financing, and human resourcing.
Businesses often have important "intellectual property" that needs protection from competitors for the company to stay profitable. This could require patents, copyrights, trademarks or preservation of trade secrets. Most businesses have names, logos and similar branding techniques that could benefit from trademarking. Patents and copyrights in the United States are largely governed by federal law, while trade secrets and trademarking are mostly a matter of state law. Because of the nature of intellectual property, a business needs protection in every jurisdiction in which they are concerned about competitors. Many countries are signatories to international treaties concerning intellectual property, and thus companies registered in these countries are subject to national laws bound by these treaties. In order to protect trade secrets, companies may require employees to sign non-compete clauses which will impose limitations on an employees interactions with stakeholders, and competitors.
1 Carlos Slim $73.0 billion Increase 73 Mexico Telmex, América Móvil, Grupo Carso
2 Bill Gates $67.0 billion Increase 57 United States Microsoft
3 Amancio Ortega $57.0 billion Increase 76 Spain Inditex Group
4 Warren Buffett $53.5 billion Increase 82 United States Berkshire Hathaway
5 Larry Ellison $43.0 billion Increase 68 United States Oracle Corporation
6 Charles Koch $34.0 billion Increase 77 United States Koch Industries
7 David Koch $34.0 billion Increase 72 United States Koch Industries
8 Li Ka-shing $31.0 billion Increase 84 Hong Kong/ Canada Cheung Kong Holdings
9 Liliane Bettencourt $30.0 billion Increase 90 France L'Oréal
10 Bernard Arnault $29.0 billion Decrease 63 France LVMH Moët Hennessy Louis Vuitton
# Rank Name Net worth (USD) Citizenship Sources of wealth
1 26 Prince Al Waleed $19.6 billion Increase Saudi Arabia Kingdom Holding Company
2 63 Mohammed Al Amoudi $12.3 billion Increase Saudi Arabia Corral Petroleum Holdings
3 77 Nasser Al-Kharafi and Family $10.4 billion Increase Kuwait M. A. Kharafi & Sons
4 120 Sulaiman Al Rajhi $7.7 billion Increase Saudi Arabia Diversified
5 136 Mohamed Bin Issa Al Jaber $7.0 billion Increase Saudi Arabia Diversified
6 182 Nassef Sawiris $5.6 billion Decrease Egypt Orascom Construction Industries (OCI)
7 310 Naguib Sawiris $3.5 billion Increase Egypt
8 393 Onsi Sawaris $2.9 billion Increase Egypt Orascom Construction Industries (OCI)
9 409 Najib Mikati $3.0 billion Increase Lebanon
9 409 Taha Mikati $3.0 billion Increase Lebanon
11 420 Abdul Aziz Al Ghurair and Family $2.7 billion Increase United Arab Emirates
12 459 Abdullah Al Rajhi $2.5 billion Increase Saudi Arabia
12 459 Bahaa Hariri $2.5 billion Increase Lebanon
14 512 Mohammed Al Issa $2.3 billion Decrease Saudi Arabia Diversified
14 513 Miloud Chaabi $2.1 billion Decrease Morocco Diversified
15 595 Saad Hariri $2 billion Increase Lebanon
15 595 Mohamed Mansour $2 billion Increase Egypt
17 692 Yasseen Mansour $1.8 billion Increase Egypt Diversified
17 692 Youssef Mansour $1.8 billion Increase Egypt
19 736 Saleh Abdullah Kamel $1.7 billion Increase Saudi Arabia
19 736 Mohamed Al Rajhi $1.7 billion Increase Saudi Arabia
19 736 Saif Al Ghurair and Family $1.7 billion Increase United Arab Emirates
22 833 Ayman Hariri $1.5 billion Increase Lebanon
22 833 Fahd Hariri $1.5 billion Increase Lebanon
24 879 Samih Sawiris $1.4 billion Increase Egypt
24 879 Bassam Al Ghanim $1.4 billion Increase Kuwait
24 879 Kutayba Al Ghanim $1.4 billion Increase Kuwait
27 938 Abdulla Al Futtaim $1.3 billion Increase United Arab Emirates
27 992 Anas Sefrioui $1.3 billion Decrease Morocco Diversified
28 993 Majid Al Futtaim $1.2 billion Increase United Arab Emirates
28 993 Mohamed Al Fayed and Family $1.2 billion Increase Egypt
# Name Net worth (USD) Origin Residence
1 Carlos Slim Helu and Family $74.0 billion Increase Lebanon Mexico
2 Joseph Safra $11.4 billion Increase Lebanon Brazil
3 David Nahmad and Family $3.0 billion Increase Lebanon Monaco
4 Moise Safra $2.4 billion Increase Lebanon Brazil
5 Nadhmi Auchi $1.8 billion Increase Iraq United Kingdom
5 Mohamed Ibrahim $1.8 billion Decrease Sudan United Kingdom
7 Joe Jamail $1.5 billion Increase Lebanon United States
8 Faisal Alanbar $1.1 billion Increase Saudi Arabia United Arab Emirates
Links to articles about famous businesmans:
Read this small Biographies to know more about famous persons.
1. Know about Mark Elliot Zuckerberg, CEO of facebook...
The etymology of "business" relates to the state of being busy either as an individual or society as a whole, doing commercially viable and profitable work. The term "business" has at least three usages, depending on the scope — the singular usage to mean a particular organization; the generalized usage to refer to a particular market sector, "the music business" and compound forms such as agribusiness; and the broadest meaning, which encompasses all activity by the community of suppliers of goods and services. However, the exact definition of business, like much else in the philosophy of business, is a matter of debate and complexity of meanings.
Management
The efficient and effective operation of a business, and study of this subject, is called management. The major branches of management are financial management, marketing management, human resource management, strategic management, production management, operations management, service management and information technology management.Owners engage in business administration either directly or indirectly through the employment of managers. Owner managers, or hired managers administer to three component resources that constitute the business' value or worth: financial resources, capital or tangible resources, and human resources. These resources are administered to in at least five functional areas: legal contracting, manufacturing or service production, marketing, accounting, financing, and human resourcing.
Intellectual property
Richest People
Forbes 5 wealthiest people- Carlos Slim(Mexico)
- Bill Gates (United States)
- Warren Buffett (United States)
- Bernard Arnault (France)
- Larry Ellison (United States)
Forbes list of billionaires (2013)
No. Name Net worth (USD) Age Citizenship Source(s) of wealth
1 Carlos Slim $73.0 billion Increase 73 Mexico Telmex, América Móvil, Grupo Carso
2 Bill Gates $67.0 billion Increase 57 United States Microsoft
3 Amancio Ortega $57.0 billion Increase 76 Spain Inditex Group
4 Warren Buffett $53.5 billion Increase 82 United States Berkshire Hathaway
5 Larry Ellison $43.0 billion Increase 68 United States Oracle Corporation
6 Charles Koch $34.0 billion Increase 77 United States Koch Industries
7 David Koch $34.0 billion Increase 72 United States Koch Industries
8 Li Ka-shing $31.0 billion Increase 84 Hong Kong/ Canada Cheung Kong Holdings
9 Liliane Bettencourt $30.0 billion Increase 90 France L'Oréal
10 Bernard Arnault $29.0 billion Decrease 63 France LVMH Moët Hennessy Louis Vuitton
Visit this link: Richest People ever in History
Indian billionaires
- Mukesh Ambani
- Lakshmi Mittal
- Azim Hashim Premji
2012 Indian billionaires list of India
The following list is Forbes ranking of an assessment of the wealth and assets of India's billionaires as of 10 March 2012. There are 48 names on the list for 2012.Global Rank | National Rank | Name | Net worth (USD) | Age | City | Source(s) of wealth |
---|---|---|---|---|---|---|
19 | 1 | Mukesh Ambani | $22.3 billion | 54 | Mumbai | Reliance Industries |
21 | 2 | Lakshmi Mittal | $20.7 billion | 61 | London | Arcelor Mittal |
36 | 3 | Azim Premji | $15.9 billion | 66 | Bangalore | Wipro |
80 | 4 | Savitri Jindal and family | $10.9 billion | 62 | Hisar | Jindal Group |
113 | 5 | Sunil Mittal and family | $8.1 billion | 54 | chandigarh | Bharti Enterprises |
116 | 6 | Kumar Mangalam Birla | $8.0 billion | 44 | Mumbai | Aditya Birla Group |
118 | 7 | Anil Ambani | $7.8 billion | 52 | Mumbai | ADAG |
124 | 8 | Dilip Shanghvi | $7.4 billion | 56 | Mumbai | Sun Pharmaceuticals |
133 | 9 | Ravi Ruia | $7.0 billion | 68 | Mumbai | Essar Group |
153 | 10 | Kushal Pal Singh | $6.4 billion | 80 | Delhi | DLF Universal |
Arab billionaires in the Arab World
The following list is the ranking of all the Arab world's U.S. dollar Arab billionaires as of March 2011 according to the Forbes Billionaire List.# Rank Name Net worth (USD) Citizenship Sources of wealth
1 26 Prince Al Waleed $19.6 billion Increase Saudi Arabia Kingdom Holding Company
2 63 Mohammed Al Amoudi $12.3 billion Increase Saudi Arabia Corral Petroleum Holdings
3 77 Nasser Al-Kharafi and Family $10.4 billion Increase Kuwait M. A. Kharafi & Sons
4 120 Sulaiman Al Rajhi $7.7 billion Increase Saudi Arabia Diversified
5 136 Mohamed Bin Issa Al Jaber $7.0 billion Increase Saudi Arabia Diversified
6 182 Nassef Sawiris $5.6 billion Decrease Egypt Orascom Construction Industries (OCI)
7 310 Naguib Sawiris $3.5 billion Increase Egypt
8 393 Onsi Sawaris $2.9 billion Increase Egypt Orascom Construction Industries (OCI)
9 409 Najib Mikati $3.0 billion Increase Lebanon
9 409 Taha Mikati $3.0 billion Increase Lebanon
11 420 Abdul Aziz Al Ghurair and Family $2.7 billion Increase United Arab Emirates
12 459 Abdullah Al Rajhi $2.5 billion Increase Saudi Arabia
12 459 Bahaa Hariri $2.5 billion Increase Lebanon
14 512 Mohammed Al Issa $2.3 billion Decrease Saudi Arabia Diversified
14 513 Miloud Chaabi $2.1 billion Decrease Morocco Diversified
15 595 Saad Hariri $2 billion Increase Lebanon
15 595 Mohamed Mansour $2 billion Increase Egypt
17 692 Yasseen Mansour $1.8 billion Increase Egypt Diversified
17 692 Youssef Mansour $1.8 billion Increase Egypt
19 736 Saleh Abdullah Kamel $1.7 billion Increase Saudi Arabia
19 736 Mohamed Al Rajhi $1.7 billion Increase Saudi Arabia
19 736 Saif Al Ghurair and Family $1.7 billion Increase United Arab Emirates
22 833 Ayman Hariri $1.5 billion Increase Lebanon
22 833 Fahd Hariri $1.5 billion Increase Lebanon
24 879 Samih Sawiris $1.4 billion Increase Egypt
24 879 Bassam Al Ghanim $1.4 billion Increase Kuwait
24 879 Kutayba Al Ghanim $1.4 billion Increase Kuwait
27 938 Abdulla Al Futtaim $1.3 billion Increase United Arab Emirates
27 992 Anas Sefrioui $1.3 billion Decrease Morocco Diversified
28 993 Majid Al Futtaim $1.2 billion Increase United Arab Emirates
28 993 Mohamed Al Fayed and Family $1.2 billion Increase Egypt
Billionaires of Arab Descent Outside the Arab World
The following list is the ranking of all the identified billionaires of Arab descent outside the Arab world as of March 2011, according to the Forbes Billionaire List.# Name Net worth (USD) Origin Residence
1 Carlos Slim Helu and Family $74.0 billion Increase Lebanon Mexico
2 Joseph Safra $11.4 billion Increase Lebanon Brazil
3 David Nahmad and Family $3.0 billion Increase Lebanon Monaco
4 Moise Safra $2.4 billion Increase Lebanon Brazil
5 Nadhmi Auchi $1.8 billion Increase Iraq United Kingdom
5 Mohamed Ibrahim $1.8 billion Decrease Sudan United Kingdom
7 Joe Jamail $1.5 billion Increase Lebanon United States
8 Faisal Alanbar $1.1 billion Increase Saudi Arabia United Arab Emirates
Links to articles about famous businesmans:
Read this small Biographies to know more about famous persons.
1. Know about Mark Elliot Zuckerberg, CEO of facebook...
Hard-work, determination, Learning,Knowledge, high flyer mentality is need for success.
Never give up.Then come success.
After achieving the aim don't forget you responsibility to society
"Remember great powers come with great responsibility." Spider man
"You are a human and you have some responsibilities to Humanity." Zishan Ahamed Thandar.
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