Business processA business process, business method, or business function is a collection of related, structured activities or tasks performed by people or equipment in which a specific sequence produces a service or product (that serves a particular business goal) for a particular customer or customers. Business processes occur at all organizational levels and may or may not be visible to the customers.Organizational structureAn organizational structure defines how activities such as task allocation, coordination, and supervision are directed toward the achievement of organizational aims. Organizational structure affects organizational action and provides the foundation on which standard operating procedures and routines rest. It determines which individuals get to participate in which decision-making processes, and thus to what extent their views shape the organization's actions.
BusinessBusiness is the practice of making one's living or making money by producing or buying and sellingproducts (such as goods and services). It is also "any activity or enterprise entered into for profit." A business entity is not necessarily separate from the owner and the creditors can hold the owner liable for debts the business has acquired except for limited liabilitycompany. The taxation system for businesses is different from that of the corporates.
ModelA model is an informative representation of an object, person, or system. The term originally denoted the plans of a building in 16th-century English, and derived via French and Italian ultimately from Latin modulus, 'a measure'. Models can be divided into physical models (e.g. a ship model) and abstract models (e.g. a set of mathematical equations describing the workings of the atmosphere for the purpose of weather forecasting).
Mission statementA mission statement is a short statement of why an organization exists, what its overall goal is, the goal of its operations: what kind of product or service it provides, its primary customers or market, and its geographical region of operation. It may include a short statement of such fundamental matters as the organization's values or philosophies, a business's main competitive advantages, or a desired future state—the "vision".
Target marketA target market is a group of customers within a business's serviceable available market at which a business aims its product features, marketing efforts and pricing. A target market is a subset of the total market for a product or service. The serviceable obtainable market (SOM) is a subset of a target market.Value propositionIn marketing, a value proposition is the economic value that a company or product delivers to its market segment of customers. The phrase was coined by McKinsey consultants Michael Lanning and Edward Michaels in 1988. Value propositions facilitate product differentiation and market positioning and form part of a company's overall marketing strategy.
InfrastructureInfrastructure is the set of facilities and systems that serve a country, city, or other area, and encompasses the services and facilities necessary for its economy, households and firms to function. Infrastructure is composed of public and private physical structures such as roads, railways, bridges, airports, public transit systems, tunnels, water supply, sewers, electrical grids, and telecommunications (including Internet connectivity and broadband access).
Organizational cultureCustomary behaviours in an organization Business administration Accounting Management accounting Financial accounting Audit Business entity (list) Corporate group Corporation sole Company Conglomerate Holding company Cooperative Corporation Joint-stock company Limited liability company Partnership Privately held company Sole proprietorship State-owned enterprise Corporate governance Annual general meeting Board of directors Supervisory board Advisory board Audit committee Corporate law Commercial law Constitutional documents Contract Corporate crime Corporate liability Insolvency law International trade law Mergers and acquisitions Corporate title Chairman Chief business officer/Chief brand officer Chief executive officer/Chief operating officer Chief financial officer Chief human resources officer Chief information officer/Chief marketing officer Chief product officer/Chief technology officer Economics Commodity Public economics Labour economics Development economics International economics Mixed economy Planned economy Econometrics Environmental economics Open economy Market economy Knowledge economy Microeconomics Macroeconomics Economic development Economic statistics Finance Financial statement Insurance Factoring Cash conversion cycle Insider dealing Capital budgeting Commercial bank Derivative Financial statement analysis Financial risk Public finance Corporate finance Managerial finance International finance Liquidation Stock market Financial market Tax Financial institution Capital management Venture capital Types of management Asset Brand Business intelligence Business development Capacity Capability Change innovation Commercial Marketing Communications Configuration Conflict Content Customer relationship Distributed Earned value Electronic business Enterprise resource planning management information system Financial Human resource development Incident Knowledge Legal Materials Network administrator Office Operations services Performance Power Process Product life-cycle Product Project Property Quality Records Resource Risk crisis Sales Security Service Strategic Supply chain Systems administrator Talent Technology Organization Architecture Behavior Communication Culture Conflict Development Engineering Hierarchy Patterns Space Structure Trade Business analysis Business ethics Business plan Business judgment rule Consumer behaviour International business Business model International trade Trade route Business process Business statistics Business portalvte Organizational culture is the set of shared normalities, values, and behaviors in organizations that reflect an organization's core values and strategic direction.
Profit (economics)In economics, profit is the difference between revenue that an economic entity has received from its outputs and total costs of its inputs, also known as "surplus value". It is equal to total revenue minus total cost, including both explicit and implicit costs. It is different from accounting profit, which only relates to the explicit costs that appear on a firm's financial statements.
CompanyAssociation or collection of individuals An office building of Nokia Corporation in Hervanta, Tampere, Finland This article is part of a series onCorporate law Core concepts & principles Separate legal personality Limited liability Piercing the corporate veil Internal affairs doctrine Ultra vires doctrine De facto and estoppel corporations Corporate governance & duties Corporate governance Board of directors Director's duties Duty of care Duty of loyalty Business judgment rule Insolvent trading Fiduciary Shareholder rights & finance Shareholder Corporate shares Derivative action Oppression remedy Pre-emptive right Tag-along right Drag-along right Beneficial ownership General corporate forms Corporation Company Partnership General Limited LLP Sole proprietorship Holding company Conglomerate Cooperative Corporate life cycle Incorporation Promoter liability Mergers and acquisitions Corporate restructuring Insolvency and Liquidation Dissolution Related topics Corporate registers Registered agent Rochdale Principles Joint-stock Shell corporation Shelf corporation Corporations law by jurisdiction Anguilla Australia BVI Canada Cayman Islands India South Africa UK United States Vietnam European Union France Germany Corporate forms by jurisdiction European Union Societas (SE) Societas cooperativa (SCE) Societas privata (SPE) Societas unius personae (SUP) Economic interest grouping (EEIG) UK / Ireland / Commonwealth Charitable incorporated organisation (England and Wales) (CIO) Scottish charitable incorporated organisation (SCIO) Community interest company (CIC) Industrial and provident society (IPS) Limited company (Ltd.) by guarantee by shares proprietary public Unlimited company United States Benefit corporation C corporation Limited liability company (LLC) Low-profit LLC Series LLC Limited liability limited partnership (LLLP) S corporation Delaware corporation / statutory trust Massachusetts business trust Nevada corporation Others Aktiebolag (AB) Aktiengesellschaft (AG) Ansvarlig selskap (ANS) Aktieselskab (A/S) Aksjeselskap (AS) Gesellschaft mit beschränkter Haftung (GmbH) Kabushiki gaisha (K.K.) Naamloze vennootschap (N.V.) Osakeyhtiö (Oy) S.A. Sociedad de responsabilidad limitada (S.R.L.) Société à responsabilité limitée (SARL) more...Strategic managementIn the field of management, strategic management involves the formulation and implementation of the major goals and initiatives taken by an organization's managers on behalf of stakeholders, based on consideration of resources and an assessment of the internal and external environments in which the organization operates.*As an Amazon Associate I earn from qualifying purchases.