Tag: Wikipedia

Finance Commission – Wikipedia

The Finance Commission (IAST: Vitta Āyoga) was established by the President of India in 1951 under Article 280 of the Indian Constitution. It was formed to define the financial relations between the central government of India and the individual state governments. The Finance Commission (Miscellaneous Provisions) Act, 1951 additionally defines the terms of qualification, appointment and disqualification, the term, eligibility and powers of the Finance Commission.[1] As per the Constitution, the Commission is appointed every five years and consists of a chairman and four other members.

Since the institution of the First Finance Commission, stark changes in the macroeconomic situation of the Indian economy have led to major changes in the Finance Commission’s recommendations over the years.

There have been fifteen commissions to date. The most recent was constituted in 2017 and is chaired by N. K.Singh, a former member of the Planning Commission.[2][3][4][5]

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Business administration – Wikipedia

Process of managing a business or a non-profit organization

Business administration (also known as business management) is the administration of a business. It includes all aspects of overseeing and supervising business operations. From the point of view of management and leadership, it also covers fields that include accounting, finance, project management and marketing.

Overview[edit]

The administration of a business includes the performance or management of business operations and decision-making, as well as the efficient organization of people and other resources to direct activities towards common goals and objectives. In general, “administration” refers to the broader management function, including the associated finance, personnel and MIS services.

Administration can refer to the bureaucratic or operational performance of routine office tasks,[citation needed] usually internally oriented and reactive rather than proactive. Administrators, broadly speaking, engage in a common set of functions to meet an organization’s goals. Henri

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Business intelligence software – Wikipedia

Business intelligence software is a type of application software designed to retrieve, analyze, transform and report data for business intelligence. The applications generally read data that has been previously stored, often – though not necessarily – in a data warehouse or data mart.

History[edit]

Development of business intelligence software[edit]

The first comprehensive business intelligence systems were developed by IBM and Siebel (currently acquired by Oracle) in the period between 1970 and 1990.[1][2] At the same time, small developer teams were emerging with attractive ideas, and pushing out some of the products companies still use nowadays.[3]

In 1988, specialists and vendors organized a Multiway Data Analysis Consortium in Rome, where they considered making data management and analytics more efficient, and foremost available to smaller and financially restricted businesses. By 2000, there were many professional reporting systems and analytic programs, some owned by

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List of entrepreneurs – Wikipedia

Wikipedia list article

This is a list of entrepreneurs by century. An entrepreneur is an owner or manager of a business enterprise who makes money through risk and/or initiative.[1] This list includes notable entrepreneurs.

17th-century entrepreneurs[edit]

  • Regina Basilier (1572-1631), Swedish-German banker, trader and investor
  • Birgitta Durell (1619-1683), Dutch-Swedish manufactor-industrialist
  • Louis De Geer (1587–1652), Walloon-born Dutch-Swedish businessman and industrialist; active mainly in the Dutch Republic and Sweden
  • Isaac Le Maire (ca.1558-1624), Walloon-born Dutch businessman and investor; active mainly in the Dutch Republic
  • Johan Palmstruch (1611-1671), Latvian-born Dutch-Swedish businessman, investor, and financial innovator; active mainly in the Dutch Republic and Sweden
  • Pierre-Paul Riquet (1609-1680), French entrepreneur, creator of the Canal du Midi

18th-century entrepreneurs[edit]

19th-century entrepreneurs[edit]

  • John Jacob Astor (real estate), USA
  • Augusta Björkenstam (transportation), Sweden
  • Andrew Carnegie (steel), Pittsburgh, USA and Scotland
  • James Buchanan Duke (tobacco), USA
  • Thomas Alva Edison (film,
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Business interruption insurance – Wikipedia

Business interruption insurance (also known as business income insurance) is a type of insurance that covers the loss of income that a business suffers after a disaster. The income loss covered may be due to disaster-related closing of the business facility or due to the rebuilding process after a disaster.

It differs from property insurance in that a property insurance policy only covers the physical damage to the business, while the additional coverage allotted by the business interruption policy covers the profits that would have been earned. This extra policy provision is applicable to all types of businesses, as it is designed to put a business in the same financial position it would have been in if no loss had occurred.[1]

This type of coverage can be added onto the business’ property insurance policy or comprehensive package policy such as a business owner’s policy (BOP) or as part

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Inteligencia empresarial – Wikipedia, la enciclopedia libre

Business-inteligence-800x493.jpg

Se denomina inteligencia empresarial, inteligencia de negocios, inteligencia comercial o BI (del inglés business intelligence), al conjunto de estrategias, aplicaciones, datos, productos, tecnologías y arquitectura técnicas, los cuales están enfocados a la administración y creación de conocimiento sobre el medio, a través del análisis de los datos existentes en una organización o empresa.[1][2]

Definición[editar]

El término inteligencia empresarial se refiere al uso de datos en una empresa para facilitar la toma de decisiones. Abarca la comprensión del funcionamiento actual de la empresa, bien como la anticipación de acontecimientos futuros, con el objetivo de ofrecer conocimientos para respaldar las decisiones empresariales.

Las herramientas de inteligencia se basan en la utilización de un sistema de información de inteligencia que se forma con distintos datos extraídos de la producción, con información relacionada con la empresa o sus ámbitos, y

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Line of business – Wikipedia

Line of business (LOB) is a general term which refers to a product or a set of related products that serve a particular customer transaction or business need.
In some industry sectors, like insurance, “line of business” also has a regulatory and accounting definition to meet a statutory set of insurance policies. It may or may not be a strategically relevant business unit.

“Line of business” often refers to an internal corporate business unit, whereas the term “industry” refers to an external view that includes all competitors competing in a similar market. A line of business will often examine its position within an industry using a Porter five forces analysis (or other industry-analysis method) and other relevant industry information.

Computer applications[edit]

In the context of computing, a “line-of-business application” is one of the set of critical computer applications perceived as vital to running an enterprise.

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International finance – Wikipedia

Financial services between nations

International finance (also referred to as international monetary economics or international macroeconomics) is the branch of financial economics broadly concerned with monetary and macroeconomic interrelations between two or more countries.[1][2] International finance examines the dynamics of the global financial system, international monetary systems, balance of payments, exchange rates, foreign direct investment, and how these topics relate to international trade.[1][2][3]

Sometimes referred to as multinational finance, international finance is additionally concerned with matters of international financial management. Investors and multinational corporations must assess and manage international risks such as political risk and foreign exchange risk, including transaction exposure, economic exposure, and translation exposure.[4][5]

Some examples of key concepts within international finance are the Mundell–Fleming model, the optimum currency area theory, purchasing power parity, interest rate parity, and the international Fisher effect. Whereas the study of international trade makes use

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Simple English Wikipedia, the free encyclopedia

An entrepreneur is a person who organizes a venture to benefit from an opportunity, rather than working as an employee. Entrepreneurs play a key role in any economy. These are the people who have the skills and initiative necessary to anticipate current and future needs and bring good new ideas to market.

Entrepreneurs who prove to be successful in taking on the risks of a startup are rewarded with profits, fame and continued growth opportunities. Those who fail suffer losses and become less important in the markets. Many fail, lose money, and close the business.[1][2] The entrepreneur assumes all the risks and rewards of the venture and is usually the sole proprietary, a partner or the owner of the majority of shares in an incorporated venture. As the main decision maker the entrepreneur monitors and controls the business activities.

According to Joseph Alois Schumpeter (1883 – 1950) entrepreneurs

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Entrepreneurship – Wikipedia

Process of designing, launching and running a new business

Entrepreneurship is the process of designing, launching and running a new business, which is often initially a small business. The people who create these businesses are called entrepreneurs.[1][2]

Entrepreneurship has been described as the “capacity and willingness to develop, organize and manage a business venture along with any of its risks to make a profit.”[3] While definitions of entrepreneurship typically focus on the launching and running of businesses, due to the high risks involved in launching a start-up, a significant proportion of start-up businesses have to close due to “lack of funding, bad business decisions, an economic crisis, lack of market demand, or a combination of all of these.”[4]

A broader definition of the term is sometimes used, especially in the field of economics. In this usage, an Entrepreneur is an entity which has the ability

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