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
Researcher: Narcissistic bosses destroy morale, drive down bottom line
Other Sciences / Social Sciences
Aug 07, 2009 |
4.5 / 5 (11) |
2
In recent years, the motivations of business leaders such as financier Bernard Madoff and former Enron CEO Ken Lay have come under increased scrutiny as a result of behavior that caused both their employees and the public ...
U.S. Chamber of Commerce pushes for 'Scopes Monkey Trial' of global warming science
Aug 25, 2009 |
4.2 / 5 (12) |
16
The nation's largest business lobby wants to put the science of global warming on trial. The U.S. Chamber of Commerce, trying to ward off potentially sweeping federal emissions regulations, is pushing the Environmental Protection ...
Experimental philosophy movement explores real-life dilemmas
Jul 02, 2008 |
4.9 / 5 (7) |
1
Imagine a business executive who thinks: "I know that this new policy will harm the environment, but I don't care at all about that – I just want to increase profits." Is the business executive harming the environment intentionally? ...
Engaged employees are good, but don't count on commitment
Other Sciences / Social Sciences
May 13, 2009 |
4.4 / 5 (7) |
1
The notion that highly engaged workers will continue to work tirelessly for organizations despite diminishing resources often isn't true, according to Clemson University psychology professor Thomas Britt.
New Research Examines How Career Dreams Die
Other Sciences / Social Sciences
Aug 25, 2009 |
2.8 / 5 (9) |
5
(PhysOrg.com) -- A new study shows just what it takes to convince a person that he isn't qualified to achieve the career of his dreams.
US firm investing billions in crisis-hit chip industry
Apr 09, 2009 |
4.2 / 5 (5) |
0
Despite the economic slump that has battered the semiconductor business, a new player from the United States' Silicon Valley technology belt is investing billions of dollars in a bid to catch the next wave ...
Software cos. eye key patent case in Supreme Court
Nov 08, 2009 |
5 / 5 (4) |
2
(AP) -- With the technology industry looking on, the Supreme Court on Monday will explore what types of inventions should be eligible for a patent in a pivotal case that could undermine such legal protections ...
LG Electronics to Invest in Solar Cell Production Line
Oct 21, 2008 |
4.5 / 5 (4) |
0
LG Electronics decided at its board of directors meeting held on October 20 to convert its A1 plasma panel-manufacturing line in Gumi, Korea, into solar cell production lines.
Global CEOs back greenhouse gas cuts, carbon caps
May 26, 2009 |
1.8 / 5 (10) |
2
(AP) -- A global summit of business leaders urged governments to order steep and mandatory cuts in greenhouse gases Tuesday, favoring a cap-and-trade system instead of a tax to set a market price for carbon ...
Murdoch leads charge to get readers to pay online
May 09, 2009 |
1.7 / 5 (10) |
20
As US newspapers shrivel up and die, an unlikely figure is emerging as their potential savior: News Corp. chairman Rupert Murdoch.
Microsoft goes intercontinental via cloud and Surface
Mar 03, 2009 |
2.7 / 5 (6) |
0
Microsoft announced on Monday that it is going intercontinental with touch-screen Surface computers and a suite of business software offered online as services "in the cloud."
Grids get down to business
Oct 13, 2008 |
5 / 5 (3) |
0
(PhysOrg.com) -- New technology developed by European researchers allows companies to deploy their business processes using grid computing and, even better, it validates a platform that gives easy access to grid resources. ...
'Virtual' computers span the digital divide
Aug 06, 2009 |
5 / 5 (3) |
2
NComputing is out to span the digital divide with a version of cloud computing called "virtualization," which essentially turns one machine into many.
YouTube to offer online movie rentals
Sep 02, 2009 |
5 / 5 (3) |
0
YouTube is considering streaming movies for rental, a move that would see the free video-sharing site charging for content for the first time, The Wall Street Journal reported Wednesday.
Business professor says lessons on ethics, character can prevent unethical behavior in the workplace
Other Sciences / Social Sciences
Dec 08, 2009 |
4.7 / 5 (3) |
0
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.
