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) |
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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 ...
IBM could shake up Silicon Valley with Sun deal (Update 2)
Mar 18, 2009 |
2.3 / 5 (3) |
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(AP) -- If IBM Corp. scoops up Sun Microsystems Inc. for at least $6.5 billion in cash, as the companies are discussing, IBM would be making an opportunistic grab for a deep well of technology that Sun has ...
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.
News Corp, Microsoft hold talks on Google: report
Nov 23, 2009 |
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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.
MySpace in talks to buy imeem
Nov 17, 2009 |
2 / 5 (1) |
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(AP) -- Online social hub MySpace is in talks to acquire struggling free music streaming site imeem, two people familiar with the matter said Tuesday.
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 ...
Young entrepreneurs get tips from Facebook-Twitter
Oct 25, 2009 |
3 / 5 (2) |
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Facebook and Twitter stars shared lessons learned with young entrepreneurs aspiring to be the next hot technology firm.
Digital business cards move networking off paper
Sep 10, 2009 |
4.5 / 5 (2) |
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With more than 40,000 direct professional contacts on LinkedIn, Steven Burda wants to ensure he always has up-to-date information to maintain his network. He couldn't resist signing up for a digital business card, where users' ...
Google developing payment platform for newspapers: Nieman
Sep 09, 2009 |
3 / 5 (3) |
4
Internet giant Google is developing a payment platform for newspapers that would allow them to charge for content online, according to a report on Wednesday.
YouTube to offer online movie rentals
Sep 02, 2009 |
5 / 5 (3) |
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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.
Internet Age re-inventing music business: Bandwidth
Aug 29, 2009 |
not rated yet |
5
Music and Internet worlds merged on San Francisco's posh Nob Hill as insiders brainstormed about industry rocking Web 2.0 trends from social networking to smart phones with cameras.
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.
'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.
What's to become of Microsoft's answer to the iPod?
Jul 30, 2009 |
3 / 5 (2) |
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Microsoft Corp.'s quarterly earnings report last week featured a number of grim statistics, including a relatively overlooked, albeit steep decline related to its Zune portable media player_potentially adding more uncertainty ...
Twitter co-founders are mum on revenue plans
May 27, 2009 |
not rated yet |
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(AP) -- Twitter Inc.'s co-founders say the rapidly growing online communications company will eventually charge fees for its services, but it's unclear which ones and what will drive revenue.
