Tuesday, August 21Always On-point

Facebook’s Whatsapp Is Getting Into Digital Payments

a business (also known as an enterprise, a company or a firm) is an organizational entity
involved in the provision of goods and services to consumers.Businesses serve as a form
of economic activity, and are prevalent in capitalist economies, where most of them are
privately owned and provide goods and services allocated through a market to
consumers and customers in exchange for other goods, services, money, or other forms
of exchange that hold intrinsic economic value.

Businesses may also be social non-profit enterprises or state-owned public enterprises
operated by governments with specific social and economic objectives. A business
owned by multiple private individuals may form as an incorporated company or jointly
organise as a partnership. Countries have different laws that may ascribe different rights
to the various business entities.

“There are no secrets to success. It is the result of preparation, hard work, and learning
from failure.”
In recent decades, states modeled some of their assets and enterprises after business
enterprises. In 2003, for example, the People’s Republic of China modeled 80% of its
state-owned enterprises on a company-type management system. Many state
institutions and enterprises in China and Russia have transformed into joint-stock
companies, with part of their shares being listed on public stock markets.
Wall Street, New York, NY, United States of America
Business process management (BPM) is a holistic management approach focused on
aligning all aspects of an organization with the wants and needs of clients. It promotes
business effectiveness and efficiency while striving for innovation, flexibility, and
integration with technology. BPM attempts to improve processes continuously. It can
therefore be described as a “process optimization process.” It is argued that BPM
enables organizations to be more efficient, effective and capable of change than a
functionally focused, traditional hierarchical management approach.

great things in business are never done by one person. they’re done by a team of
people.

Many businesses are operated through a separate entity such as a corporation or a
partnership (either formed with or without limited liability). Most legal jurisdictions allow
people to organize such an entity by filing certain charter documents with the relevant
Secretary of State or equivalent, and complying with certain other ongoing obligations.
The relationships and legal rights of shareholders, limited partners, or members are
governed partly by the charter documents and partly by the law of the jurisdiction where
the entity is organized.
Business Discussions
Generally speaking, shareholders in a corporation, limited partners in a limited
partnership, and members in a limited liability company are shielded from personal liability
for the debts and obligations of the entity, which is legally treated as a separate
“person”. This means that unless there is misconduct, the owner’s own possessions are
strongly protected in law if the business does not succeed.

Where two or more individuals own a business together but have failed to organize a
more specialized form of vehicle, they will be treated as a general partnership. The terms
of a partnership are partly governed by a partnership agreement if one is created, and
partly by the law of the jurisdiction where the partnership is located.

I love those who can smile in trouble, who can gather strength from distress, and grow
brave by reflection. ‘Tis the business of little minds to shrink, but they whose heart is
firm, and whose conscience approves their conduct, will pursue their principles unto
death.

No paperwork or filing is necessary to create a partnership, and without an agreement,
the relationships and legal rights of the partners will be entirely governed by the law of
the jurisdiction where the partnership is located.

A single person who owns and runs a business is commonly known as a sole proprietor,
whether that person owns it directly or through a formally organized entity. Depending
on the business needs, an adviser can decide what kind is proprietorship will be most
suitable.

Some businesses are subject to ongoing special regulation, for example, public utilities,
investment securities, banking, insurance, broadcasting, aviation, and health care
providers. Environmental regulations are also very complex and can affect many
businesses.
Stock Graphs.
Some specialized businesses may also require licenses, either due to laws governing
entry into certain trades, occupations or professions, that require special education, or
to raise revenue for local governments. Professions that require special licenses include
law, medicine, piloting aircraft, selling liquor, radio broadcasting, selling investment
securities, selling used cars, and roofing. Local jurisdictions may also require special
licenses and taxes just to operate a business.

The first rule of any technology used in a business is that automation applied to an
efficient operation will magnify the efficiency. The second is that automation applied to
an inefficient operation will magnify the inefficiency.

London Street View.
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 non-compete clauses which will impose limitations on an employee’s interactions
with stakeholders, and competitors.–ebusinessweekly

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