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
Taiwan chip giant TSMC to enter solar energy
Dec 10, 2009 |
5 / 5 (1) |
0
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.
News Corp, Microsoft hold talks on Google: report
Nov 23, 2009 |
1.7 / 5 (7) |
5
Microsoft has held talks with Rupert Murdoch's News Corp over a possible plan for the software giant to pay the media company to remove its news websites from Google, a report said Monday.
Twitter gets more business friendly
Dec 15, 2009 |
not rated yet |
0
Twitter is testing a way to let businesses better use the popular microblogging service in what could be a future money-making opportunity.
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.
FTC explores future of journalism in Internet age
Dec 01, 2009 |
1 / 5 (1) |
0
(AP) -- The federal government is wading into deliberations over the future of journalism.
Lenovo buying back mobile phone business
Nov 27, 2009 |
not rated yet |
0
(AP) -- Personal computer maker Lenovo Group said Friday it is joining the race to develop products that link phones and PCs by buying back a mobile phone business that it sold last year.
Message gone viral? Blame it on altruistic, yet image-conscious Internet 'e-mavens'
Nov 26, 2009 |
3.5 / 5 (2) |
0
(PhysOrg.com) -- Why do some online ad campaigns go viral while other online marketing messages gather "cyber-dust" on the information superhighway? The key may lie in the motivation of Internet users to email ...
Manufacturing, reinvented
Dec 01, 2009 |
not rated yet |
0
(PhysOrg.com) -- European researchers have created the architecture, hardware and software that will enable super-agile distributed corporations capable of reconfiguring themselves on the fly. It promises to make 'made-to-order' ...
