Business
In business the term "incumbent" is used for the largest company in a certain industry, for instance the traditional phone company in telecommunications, typically called the "incumbent operator". In a sales process, such as public tender, incumbent may also refer to the vendor that has the largest existing commercial relationship with the issuer of the tender.
In large corporations it is the incumbent who is the holder of an office, or one that occupies a particular position.
Read more about this topic: Incumbent
Famous quotes containing the word business:
“The enemy are no match for us in a fair fight.... The young men ... of the upper class are kind-hearted, good-natured fellows, who are unfit as possible for the business they are in. They have courage but no endurance, enterprise, or energy. The lower class are cowardly, cunning, and lazy. The height of their ambition is to shoot a Yankee from some place of safety.”
—Rutherford Birchard Hayes (1822–1893)
“In business everyone is out to grab, to fight, to win. Either you are the under or the over dog. It is up to you to be on top.”
—Alice Foote MacDougall (1867–1945)
“This whole business of Trade gives me to pause and think, as it constitutes false relations between men; inasmuch as I am prone to count myself relieved of any responsibility to behave well and nobly to that person who I pay with money, whereas if I had not that commodity, I should be put on my good behavior in all companies, and man would be a benefactor to man, as being himself his only certificate that he had a right to those aids and services which each asked of the other.”
—Ralph Waldo Emerson (1803–1882)