Business

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Business is an organized approach to providing customers with the goods and services they want. The word also refers to an organization that provides these goods and services. Most businesses seek to make a profit-that is, they aim to achieve revenues that exceed the costs of operating the business. Prominent examples of for-profit businesses include Microsoft, Mitsubishi Group, and General Motors Corporation. However, some businesses only seek to earn enough to cover their operating costs. Commonly called nonprofits, these businesses are primarily nongovernmental service providers. Examples of nonprofit businesses include such organizations as social service agencies, charities, foundations, advocacy groups, and many hospitals.

Business plays a vital role in the life and culture of countries with industrial and postindustrial (service- and information-based) free-market economies such as in the United States. In free-market systems, prices and wages are primarily determined by competition, not by governments. In the United States, for example, many people buy and sell goods and services as their primary occupations. In 1996 American companies sold in excess of $7.5 trillion worth of goods and services annually.

Businesses provide just about anything consumers want or need, including basic necessities such as food and housing, luxuries such as books, games and toys, and videos, and even personal services such as caring for children and finding companionship.

Accounting Accountancy (or accounting) is the process of maintaining, auditing and processing financial information for business purposes. Practitoners of accountancy are known as accountants. Accountancy allows the creation of accurate financial reports that are useful to managers, regulators, and other stakeholders such as stockholders or owners. The day-to-day record-keeping involved in this process is known as bookkeeping.	Economics Economics is a social science that studies the production, distribution and consumption of goods and services. Simply put, economics is the science of man's resources, or wealth. Economists study how resources are produced and how they move around the world and within societies and markets, and how all of the different elements involved in resource allocation, such as commerce, finance, human labor, population, politics, the preservation and ownership of natural resources, etc., -- even weather -- interact to distribute wealth.	Entrepreneurship Entrepreneurship is the practice of starting new organizations, particularly new businesses. Entrepreneurship is often a difficult undertaking, and the process is substantially different depending on the type of business that is being started.
Finance Finance is the application of the principles of financial economics to an inter-related set of monetary problems. In the case of a company, this generally involves balancing risk and profitability and is typically called managerial finance or corporate finance.	Industry In business, an industry generally involves the production or manufacture of products or goods from raw materials. Industries generally deal with only one or a small range of products. However there may be many businesses within an industry sector, either concentrating on an individual product or raw material, a particular stage in the industrial process, or a particular geographic location. These businesses often come together in co-operative industrial associations in order to address challenges and problems faced jointly by all the individual businesses in a particular industry.	Investing Equity investment is the buying and holding of shares of stock on a stock market by individuals and funds in anticipation of income from dividends and capital gain as the value of the stock rises. An investor may buy shares, that is ownership equity, of a company or bonds, that is debt of a company.
Management Management is the process of leading and directing an organization, often a business one, through the deployment and manipulation of resources (human, financial, material, intellectual or intangible). Management can also be thought of functionally as the action in measuring a quantity on a regular basis and adjusting an initial plan and the actions taken to reach one's intended goal. This applies even in situations where planning does not take place. Situational management may precede and subsume purposive management.	Marketing Marketing is the craft of linking the producers of a product or service with customers, both existing and potential. It is an inevitable and necessary consequence of capitalism. Marketing methods are informed by many of the social sciences, particularly psychology, sociology, and economics. Through advertising, it is also related to many of the creative arts.	Real_Estate Real estate, is real property consisting of land, anything permanently affixed to the land (i.e., buildings), and those things attached to the buildings (including such things as lighting fixtures, window coverings, built-in appliances, etc.).

Rich Dad, Poor Dad: What the Rich Teach Their Kids About Money-- That the Poor and Middle Class Do Not!, by Robert T. Kiyosaki, Sharon L. Lechter (Contributor) Personal-finance author and lecturer Robert Kiyosaki developed his unique economic perspective through exposure to a pair of disparate influences: his own highly educated but fiscally unstable father, and the multimillionaire eighth-grade dropout father of his closest friend. Conquer the Crash: You Can Survive and Prosper in a Deflationary Depression, by Robert R. Prechter Jr. Robert Prechter explains why he thinks the boom times are behind us. Based on his interpretation of the Elliott Wave principle (an idea premised on the notion that mass investor psychology is what really drives markets), Prechter believes that the U.S. economy is about to enter into a deflationary depression that few investors are prepared to deal with. Execution: The Discipline of Getting Things Done, by Larry Bossidy, Ram Charan, Charles Burck (Contributor) Disciplines like strategy, leadership development, and innovation are the sexier aspects of being at the helm of a successful business; actually getting things done never seems quite as glamorous. But as Larry Bossidy and Ram Charan demonstrate in Execution, the ultimate difference between a company and its competitor is, in fact, the ability to execute. Jack: Straight from the Gut, Jack Welch, John A. Byrne Beginning with Welch's childhood in Salem, Massachusetts, the book quickly progresses from his first job in GE's plastics division to his ambitious rise up the GE corporate ladder, which culminated in 1981. What comes across most in this autobiography is Welch's passion for business as well as his remarkable directness and intolerance of what he calls "superficial congeniality"--a dislike that would help earn him the nickname "Neutron Jack."

Winning in Business With Enterprise Project Management, Paul C. Dinsmore Managing Organizations By Projects (MOBP) shows readers how to use the powerful tools of project management on a whole new, enterprise-wide level and make project management an organizational creed, using it to plan and take care of daily business, not simply accomplish one project. Companies that do so will generate more organizational synergy ... add speed to on- going processes ... increase productivity ... ensure their own survival and prosperity, and more. Digital Darwinism : 7 Breakthrough Business Strategies for Surviving in the Cutthroat Web Economy, Evan I. Schwartz Provides an unprecedented look inside the highly competitive world of e-commerce, and distills seven critical strategies that Web-based businesses need to follow in order to survive in what is fast becoming a multi-trillion- dollar online marketplace. Wealth of Nations (Great Minds Series), Adam Smith No book has done more to instruct, enlighten, and inform conservatives about economics than Adam Smith's undisputed classic. Written over a ten year period, this work was first published in 1776 and is a classic statement of economic liberalism. The Lexus and the Olive Tree: Understanding Globalization, by Thomas L. Friedman In The Lexus and the Olive Tree, Thomas L. Friedman offers an engrossinb look at the new international system that is transforming world affairs today. With vivid stories drawn from his extensive travels, he dramatized the tension between the globalization system and the ancient forces fo culture, geography, tradition, and community.