Business

From CNM Wiki
Revision as of 23:33, 3 January 2019 by Gary (talk | contribs) (Commercial law)
Jump to: navigation, search

Business is some sequence of enterprise efforts undertaken in order to make profit and/or obtain other gains. Business can be an individual's regular occupation, profession, or trade. This can also be the practice of making money by selling products, which can be purchased, produced, or both.

Colloquially, a for-profit legal entity is often called a business. However, legal entities are usually engaged in more than one business; vice versa, some organizations distinguish several strategic business units within one enterprise.


Model

Main wikipage: Business model

Startup business

Processes

Main wikipage: Business process

natural business year, business process management

Development

Main wikipage: Business development

Transactions

Main wikipage: Business transaction

Policies

Main wikipage: Business rule

Model change

Main wikipage: Business analysis

Needs

Main wikipage: Business need

Requirements

Main wikipage: Business requirement

Legal regulations

Main wikipage: Commercial law

business law

Administration

Main wikipage: Business administration

External research

Main wikipages: Business opportunity and Business threat

Internal research

Main wikipage: Business intelligence

Strategy

Main wikipage: Business strategy

business goal, business objective, business value

Capital

When businesses need to raise money (called capital), they sometimes offer securities for sale.

Capital may be raised through private means, by an initial public offering or IPO on a stock exchange, or in other ways.

Major stock exchanges include the Shanghai Stock Exchange, Singapore Exchange, Hong Kong Stock Exchange, New York Stock Exchange and NASDAQ (the USA), the London Stock Exchange (UK), the Tokyo Stock Exchange (Japan), and Bombay Stock Exchange (India). Most countries with capital markets have at least one.

Businesses that have gone public are subject to regulations concerning their internal governance, such as how executive officers' compensation is determined, and when and how information is disclosed to shareholders and to the public. In the United States, these regulations are primarily implemented and enforced by the United States Securities and Exchange Commission (SEC). Other western nations have comparable regulatory bodies. The regulations are implemented and enforced by the China Securities Regulation Commission (CSRC) in China. In Singapore, the regulatory authority is the Monetary Authority of Singapore (MAS), and in Hong Kong, it is the Securities and Futures Commission (SFC).

The proliferation and increasing complexity of the laws governing business have forced increasing specialization in corporate law. It is not unheard of for certain kinds of corporate transactions to require a team of five to ten attorneys due to sprawling regulation. Commercial law spans general corporate law, employment and labor law, health-care law, securities law, mergers and acquisitions, tax law, employee benefit plans, food and drug regulation, intellectual property law on copyrights, patents, trademarks, telecommunications law, and financing.

Other types of capital sourcing include crowdsourcing on the Internet, venture capital, bank loans, and debentures.

Intellectual property

Template:Main Businesses often have important "intellectual property" that needs protection from competitors for the company to stay profitable. This could require patents, copyrights, trademarks, or preservation of trade secrets. Most businesses have names, logos, and similar branding techniques that could benefit from trademarking. Patents and copyrights in the United States are largely governed by federal law, while trade secrets and trademarking are mostly a matter of state law. Because of the nature of intellectual property, a business needs protection in every jurisdiction in which they are concerned about competitors. Many countries are signatories to international treaties concerning intellectual property, and thus companies registered in these countries are subject to national laws bound by these treaties. In order to protect trade secrets, companies may require employees to sign noncompete clauses which will impose limitations on an employee's interactions with stakeholders, and competitors.

Related coursework