Origin of business
Thousands of years ago, when the civilizations were born, the concept of society, politics, and economy came into existence one by one, being interlinked and depending on each other. From the very evolution of civilization, one cannot envisage the notion of the economy without contemplating the role of business and money. Economy, business and money are three such words that form the core of a society and hence the life of people inhabiting it. The business evolved about 5000 years ago, began first in the cities of civilizations of Mesopotamia, Egypt, and Indus Valley. Ancient Greeks and Romans took the business to a new pinnacle of glory almost matching the intricate business world of today. The fundamental structures and essential workings of business in the complex modern age basically flourish from those early stages.
A fascinating beginning of business in ancient Mesopotamia
A captivating chronological story can be narrated regarding the evolution of business nearly 5000 years ago up to its complex form in the progressive civilizations. Because of the absence of a medium of exchange primitive tribes did not have any business. The deficiency of materials and mediums and a theoretical framework to support business made such interchange unimaginable. It existed only in the form of simple barter that involved the exchange of goods. In ancient Mesopotamia, trade and commerce increased because the cultivators learned irrigation. They could now grow surplus food and used it to exchange for goods and services. Trade emerged from people’s requirements. People residing in the mountains needed wheat and barley and could provide timber, limestone, precious metals like gold, silver, and copper. Flax was cultivated in the valley and woven into cloth. Linen apparels and wool were needed by priests. Wood was utilized for ships, boats, and the making of furniture.
Complex business models of the ancient Greeks and Romans
In Athens and other cities of Greece, shortly after 600 BC, a multifarious combination of entrepreneurship, coinage, and market structures paved the way to business identifiable in its contemporary form. An industrial market structure became vital to urban economies in Greece, while banking and business forms provided an opportunity for social improvement. Alexander the Great and the Macedonian rulers broadened this economic structure to a multitude of cities throughout the Mediterranean region In the 4th century B.C. Business attained its most optimum position during a period between 200 BC and 2nd century AD. The Romans supported capitalist market systems in cities throughout Africa and western Europe, which they triumphed over. They invented multinational business corporations like that of the present era, which reached substantial size and authority.
Modern business structure of today
Comparable to a vast ocean containing a multitude of terms can be put together to understand the modern business world. Enormous agricultural frameworks, colossal banking and financial sectors, billions of giant industries and almost a zillion of small and medium-sized businesses run incessantly to create everything on this global village, and one term that describes it all is, ”business”. Modern entrepreneurial systems require strategy, leadership, manpower, teamwork and keen insight to flourish and survive catering to a large customer base. Mediocrity and compromise on quality are never accepted and cannot lead to sales and profits in short or long run. The intelligent game is riding the waves of the structure rather than being a slave of it. Creating a new thing and building it bit by bit apart from system builds a business entity. The point is to be a global citizen, not a local trader catering to a limited extent. It’s about thinking and dreaming big and making a sizeable difference with the business.