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Business

Business is the activity of making ones living or making money by producing or buying and selling products. Simply put, it is "any activity or enterprise entered into for profit. It does not mean it is a company, a corporation, partnership, or have any such formal organization, but it can range from a street peddler to General Motors." Having a business name does not separate the business entity from the owner, which means that the owner of the business is responsible and liable for debts incurred by the business. If the business acquires debts, the creditors can go after the owners person ...

Business acumen

Business acumen is keenness and quickness in understanding and dealing with a "business situation" in a manner that is likely to lead to a good outcome. Additionally, business acumen has emerged as a vehicle for improving financial performance and leadership development. Consequently, several different types of strategies have developed around improving business acumen.

Business directory

A business directory is a website or printed listing of information which lists businesses within niche based categories. Businesses can be categorized by niche, location, activity, or size. Business may be compiled either manually or through an automated online search software. Online yellow pages are a type of business directory, as is the traditional phone book. The details provided in a business directory may vary. They may include the business name, addresses, telephone numbers, location, contact information, type of service or products the business provides, the number of employees, ...

Business economics

Business economics is a field in applied economics which uses economic theory and quantitative methods to analyze business enterprises and the factors contributing to the diversity of organizational structures and the relationships of firms with labour, capital and product markets. A professional focus of the journal Business Economics has been expressed as providing "practical information for people who apply economics in their jobs." Business economics is an integral part of traditional economics and is an extension of economic concepts to the real business situations. It is an applied s ...

Business for Peace Foundation

Business for Peace is a non-profit foundation based in Oslo, Norway. Each year, the foundation names up to seven Honourees who receive the Oslo Business for Peace Award, in recognition of their individual and outstanding businessworthy contribution to the building of trust, stability and peace. The Honourees are selected by an independent committee composed of winners of either the Nobel Peace Prize or Nobel Memorial Prize in Economic Sciences. The Foundation works worldwide to promote a better understanding of how ethical and responsible business can contribute to building trust, stabilit ...

Business guru

A business guru or management guru is a leading authority on business practices and can be defined as a person with influential ideas or theories about business. The earliest use of the term business guru can be tracked back to the 1960s being used in Business Week. There are no existing qualifications that make someone a business guru. Anyone can become a business guru by making impact in a particular business field. Its also possible to claim to be a business guru at any time. Its not a title. The lists of people who have been accepted as business gurus have constantly changed over time. ...

Business idea

A business idea is a concept that can be used for financial gain that is usually centered on a product or service that can be offered for money. An idea is the base of the pyramid when it comes to the business as a whole. The characteristics of a promising business idea are: Unique Innovative Problem solving Profitable A business idea is often linked to its creator who needs to identify the business value proposition in order to launch to market and establish competitive advantage.

Business interaction networks

Business interaction networks are networks that allow businesses and their communities of interest to collaborate and do business online securely via the Internet. Mary Johnston Turner first discussed the concept in a Network World opinion piece in August 1995 and attributed the first advocacy for the concept to the now-defunct BBN Planet, the ISP division of BBN Technologies.

Business sector

In business, the business sector or corporate sector - sometimes popularly called simply business - is "the part of the economy made up by companies". It is a subset of the domestic economy, excluding the economic activities of general government, of private households, and of non-profit organizations serving individuals. An alternative analysis of economies, the three-sector theory, subdivides them into: the primary sector producing raw materials the secondary sector carrying out manufacturing the tertiary sector providing sales and services In the United States the business sector accoun ...

Closure (business)

Closure is the term used to refer to the actions necessary when it is no longer necessary or possible for a business or other organization to continue to operate. Closure may be the result of a bankruptcy, where the organization lacks sufficient funds to continue operations, as a result of the proprietor of the business dying, as a result of a business being purchased by another organization and shut down as superfluous, or because it is the non-surviving entity in a corporate merger. A closure may occur because the purpose for which the organization was created is no longer necessary. Whi ...

Core business

The core business of an organization is an idealized construct intended to express that organizations "main" or "essential" activity. The corporate trend in the mid-20th Century, of acquiring new enterprises and forming conglomerates, enabled corporations to reduce costs funds and similar investment vehicles, and sometimes the following of a popular trend among corporate management seeking to appeal to current and impress investors. Core business process means that a businesss success depends not only on how well each department performs its work, but also on how well the company manages t ...

Fayolism

Fayolism was a theory of management that analyzed and synthesized the role of management in organizations, developed around 1900 by the French management theorist Henri Fayol. It was through Fayols work as a philosopher of administration that he contributed most widely to the theory and practice of organizational management.

Giving Candy to Strangers

Growing Your Business Can be as Fun & Easy as. Giving Candy to Strangers, Tips for Creating Abundance through Heart-Centered Sales is a self-help book about running businesses. The book was written by creative director Stan Holden, who has been featured on the PBS TV show, The American Health Journal. Giving Candy to Strangers contains information about creating relationships on social media, how emotions play into the process of sales, mixing business with pleasure and creating connections without an agenda. The foreword was written by Kevin Sorbo. When Holden started writing Giving Candy ...

Marketing strategy

Marketing strategy is a long-term, forward-looking approach overarching plan with the fundamental goal of achieving a sustainable competitive advantage. Scholars continue to debate the precise meaning of marketing strategy. Consequently, the literature offers many different definitions. On close examination, however, these definitions appear to centre around the notion that strategy refers to a broad statement of what is to be achieved. Strategic planning involves an analysis of the companys strategic initial situation prior to the formulation, evaluation and selection of market-oriented c ...

OSTO System Model

The OSTO System Model is based on the OSTO System Theory, which comprehends complex systems and organizations as living systems and maps these by means of the OSTO System Model. The model is cybernetic in nature and is deduced from the theory of closed loops. The basics of this theory have been formulated by David P. Hanna in the 1980’s and have been published initially in 1988. The model assumes that several central transformation processes take place on the inside of a complex organization. These are deeply influenced by mutual reactions between the inner life of the organization and the ...

Performance effects

Strategy researchers want to understand differences in firm performance. For example, what can explain performance differences between Toyota’s cars business and Samsung’s mobile phones business? Studies show that just three effects account for most performance differences between such businesses: the industry to which a business belongs, the corporation it is part of, and the business itself.

Registered office

A registered office is the official address of an incorporated company, association or any other legal entity. Generally it will form part of the public record and is required in most countries where the registered organization or legal entity is incorporated. A registered physical office address is required for incorporated organizations to receive official correspondence and formal notices from government departments, investors, banks, shareholders and the general public.

Religion and business

Religion and business have throughout history interacted in ways that relate to and affected one another, as well as influenced sociocultural evolution, political geographies, and labour laws. As businesses expand globally they seek new markets which leads to expanding their corporation’s norms and rules to encompass the new locations norms which most often involve religious rules and terms.

Time management

Time management is the process of planning and exercising conscious control of time spent on specific activities, especially to increase effectiveness, efficiency, and productivity. It involves a juggling act of various demands upon a person relating to work, social life, family, hobbies, personal interests and commitments with the finiteness of time. Using time effectively gives the person "choice" on spending/managing activities at their own time and expediency. Time management may be aided by a range of skills, tools, and techniques used to manage time when accomplishing specific tasks, ...

Viability study

This type of report studies a situation for example, a problem or opportunity and the plan for doing something about it, then determines whether that plan is "feasible". This would involve determining whether it is technologically possible to achieve and whether it is practical in the current technological, economical and social scenario. The feasibility report does not provide a simple "Yes" or "No" answer, but is used in the analysis of a decision. It is not just a tool to provide a recommendation, it is also used to gather data and give reasoning behind the recommendation given, to be l ...

Business for Peace Foundation

Business guru

Business idea

Business interaction networks

Giving Candy to Strangers

Religion and business

Time management

Viability study

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