Business
hideA business (also called a firm or an enterprise) is a legally recognized organization designed to provide goods and/or services to consumers. Businesses are predominant in capitalist economies, most being privately owned and formed to earn profit that will increase the wealth of its owners and grow the business itself. The owners and operators of a business have as one of their main objectives the receipt or generation of a financial return in exchange for work and acceptance of risk. Notable exceptions include cooperative enterprises and state-owned enterprises. Socialist systems involve either government agencies, public ownership, state-ownership or direct worker ownership of enterprises and assets that would be run as businesses in a capitalist economy. The distinction between these institutions and a business is that socialist institutions often have alternative or additional goals aside from maximizing or turning a profit.
The etymology of "business" relates to the state of being busy either as an individual or society as a whole, doing commercially viable and profitable work. The term "business" has at least three usages, depending on the scope — the singular usage (above) to mean a particular company or corporation, the generalized usage to refer to a particular market sector, such as "the music business" and compound forms such as agribusiness, or the broadest meaning to include all activity by the community of suppliers of goods and services. However, the exact definition of business, like much else in the philosophy of business, is a matter of debate.
Business Studies, the study of the management of individuals to maintain collective productivity to accomplish particular creative and productive goals (usually to generate profit), is taught as an academic subject in many schools.
For more information about Business, read the full article at
Wikipedia.
This text uses material from Wikipedia and is available under the GNU Free Documentation License.
News tagged with business
Business professor says lessons on ethics, character can prevent unethical behavior in the workplace
Other Sciences / Social Sciences
Dec 08, 2009 |
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A Kansas State University professor's research is showing a gap between the character traits that business students say make a good executive and the traits they describe having themselves.
Taiwan chip giant TSMC to enter solar energy
Dec 10, 2009 |
5 / 5 (1) |
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Chip giant Taiwan Semiconductor Manufacturing Co. is planning its first foray into solar energy with an investment in the island's largest producer of solar cells, a spokesman said Thursday.
FTC explores future of journalism in Internet age
Dec 01, 2009 |
1 / 5 (1) |
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(AP) -- The federal government is wading into deliberations over the future of journalism.
Search results for business
Google sharpens aim on mobile marketing with AdMob
19 hours ago |
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(AP) -- Four years ago, Omar Hamoui was just another ineffectual entrepreneur trying to spruce up his resume in graduate school. Now, he's poised to become Google Inc.'s newest weapon as the company aims to extend its dominance ...
First case of highly drug-resistant TB found in US
22 hours ago |
5 / 5 (3) |
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(AP) -- It started with a cough, an autumn hack that refused to go away.
Chicken waste turned to watts
Dec 26, 2009 |
3.5 / 5 (13) |
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A Nevada energy developer says it has developed an environmentally clean way of using animal waste from chicken farms across the state to light up homes and offices. Green Energy Solutions wants to convert ...
Facebook COO nominated to Disney board
Dec 23, 2009 |
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The Walt Disney Co. said Wednesday that Sheryl Sandberg, chief operating officer of Facebook, has been nominated to serve on the board of directors of the US media and entertainment giant.
Understanding interaction in virtual worlds
Technology / Computer Sciences
Dec 23, 2009 |
3 / 5 (10) |
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New cinema blockbuster, Avatar, leapt to the top of box office charts as soon as it came out — a stunning 3D realisation of an alien world. Our fascination with themes of escape to other fantastic places and the thrill of ...
Panasonic plans home-use storage cell
Dec 23, 2009 |
4.1 / 5 (21) |
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Panasonic Corp., which recently made a successful takeover bid for Sanyo Electric Co., plans to market a lithium-ion storage cell for home use around fiscal 2011.
China issues new rules on Internet domain names
Dec 22, 2009 |
5 / 5 (1) |
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China's Internet watchdog issued a new set of rules on domain name registration this week in a bid to curb pornography and illegal content.
Social networking changing the way we travel
Dec 22, 2009 |
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(AP) -- Isahrai Azaria is heading to Austin, Texas, in February, and thanks to Facebook, she already has 40 acquaintances, an invitation to go water tubing, and a line on the best vegetarian lunch place in ...
China's Lenovo to build research centre in Taiwan: report
Dec 22, 2009 |
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Chinese high-tech giant Lenovo plans to set up a research and development centre in Taiwan as the firm tries to take advantage of warming cross-strait ties, a report said Tuesday.
White House picks new cyber coordinator
Dec 22, 2009 |
4 / 5 (1) |
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(AP) -- The White House has tapped a corporate cyber security expert and former Bush administration official to lead the effort to shore up the country's computer networks and better coordinate with companies that operate ...
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