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© February 2014. Business system in which one class of people, aristocrats, possess property rights to all valuable resources, including people.

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Presentation on theme: "© February 2014. Business system in which one class of people, aristocrats, possess property rights to all valuable resources, including people."— Presentation transcript:

1 © February 2014

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4 Business system in which one class of people, aristocrats, possess property rights to all valuable resources, including people

5 Prince & Princess Duke & Duchess Marquess & Marchioness Ear & Countess Viscount & Viscountess Baron & Baroness Baronet & Lady Knight & Lady Commoners KING & QUEEN

6 Property Rights Land Capital Enterprise Labor

7 Barter Money Capital

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9 Business system in which merchants and bankers organize the trade of products across markets and countries until they are put to their most valued use

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12 CRAFTS PEOPLE Workers or artisans with the skills to produce higher-quality goods and services CRAFT GUILD A grroup of skilled artisans organized to control and govern different aspects of its trade

13 The era in the eighteenth and nineteenth centuries that marked improved production and trade brought about by advances in technology

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15 Business system in which capitalist or industrialist privately own the physical capital of industrial production and use it to produce, trade and distribute products

16 Upper Middle Class Lower Middle Class Working Class and Proletariat

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18 Clans, Tribes, and Slavery Joint-Stock Companies Limited-Liability Companies Multinational Companies

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20 CenturyNameOccupationSource of Wealth 10thBasil IIRuler Silk Monopolies, Land Confiscation 10thMachmuf of GhazniRulerSlave Trading 11thAl-MustansirRulerTrade 11thSuryavarman IIRulerImport - Export 11thTenkaminenRulerImport - Export 12thEnrico DandoloRulerTrade, Plundering 13th Filippo di Amedeo de Peruzzi BankerSales, Money Lending 14thMansa Musa IRulerTrading Gold 14thJasques CoeurBankerWheeling-Dealing 14thCosimo de MediciMerchant & BankerCatholic Church 15thJakob Fugger IIBankerMoney Management 15thAtahualpaRulerMining 15thSir Thomas GreshamMerchantMultiple Business 15thShah AbbasRulerSilk Monopolies

21 CenturyNameOccupationSource of Wealth 17thYadoya TatsugoroMerchantTrading in silk & rice 17thJohn LawBankerBanks & Stocks 18thRichard Arkwright Inventor & Industrialist Cotton Mills 18thStephen GirardBankerMoney Lending 18thNathan RothschildBankerStock Market 18thWu BingjianMerchant Import - Export & Money Lending 18thJohn Jacob AstorMerchantFurs, real estate

22 CenturyNameOccupationSource of Wealth 19thCornelius VanderbiltShipperBoats & Railroads 19thHetty GreenInvestorFinancial Market 20thAndrew CarnegieIndustrialistSteel 20thJohn D. RockefellerIndustrialistOil Refining 20thDon Simon Iturbi PatinoMinerTinfoil 20thCalouste GulbenkianMinerRoyalties 20thJ. Paul GettyMinerOil Drilling 20th - 21st Bill GatesInnovatorMicrosoft WHO’S NEXT?

23 The key to todays business is innovation....

24 Look what happened to those who ignore innovation

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