Understanding Business

(updated 22 January 2022)

A business is a legally recognized enterprise or organized activity that obtains, creates or manufactures products or services and then sells them to customers on a continuing basis.

Running a business requires leadership and includes management of finances, personnel, procurement, manufacturing, marketing and sales. This is true for a large corporation, as well as a one-person operation.

Whether you are an entrepreneur, business owner or manager, you need to know how to run your organization effectively to expand or grow the business.

Business Contents

Basics Starting your business Operating your business Growing your business

Resources Survey results

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Basics

Definitions of Basic Business Terms

Business Process Steps

Overview of eBusiness

Character in Business

Steps to Improve Your Business

Starting your business

Basic Steps in Starting a Business

Measurement

Measuring Your Business

Organizing

Organizing Your Business

Establishing Mission, Concept and Vision

Managing a Business Effectively

Small Business Alliances and the Virtual Company

Organizing Your Business with ISO 9000 – ISO 9000 lessons

Reducing costs

Reducing Business Costs

Bringing Out the Champion in Your Workers

Techniques to Get Good Work and Supplies – TQM

Tools to Reduce Waste and Failures – TQM

Growing your business

Getting More Business to Increase Your Sales

Innovations Can Help a Business Grow

Innovations Helped IKEA Grow

Techniques to Get More Business – TQM

Training Your Customers – Training

Resources

Business Resources

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Survey results

See results of survey questions