Business Essentials

Without strong fundamental elements like structure and plan, a business will never move from concept to successful real-world organization.
Business essentials include all of the elements that contribute to the success or failure of a business. Learn about business plans, models, and the fundamentals that are key to success.

Explore Business Essentials

Early factory workers in America.
History and Meaning of International Workers' Day (Labor Day)
Downtown Austin fireworks
Why Silicon Valley Companies Are Moving to Texas
Photograph of soldiers with guns on train during 1894 Pullman Strike
The 10 Biggest Strikes In U.S. History
Absolute vs. Comparative Advantage: What’s the Difference?
business meeting in a conference room
Agency Theory
Woman in discussion with a financial advisor in an office
What Is a Commission in Financial Services?
What Are Economies of Scale?
Expense Definition
Why a Green-Field Investment Appeals to Companies
Interest Rate
Understanding Intermediate Goods
What Is a Liability?
aerial view of Hong Kong
Limited Liability: What You Need to Know
Understanding Perfect Competition
A woman in a green shirt uses a credit card to shop on her laptop while she sits in a coffee shop
What Is a Transaction?
What Is the Difference Between CIF and FOB?
German Flag, German Reichstag, Mitte, Berlin, Germany
What does the abbreviation GmbH mean?
Affiliates: Everything You Need to Know
How Brick-and-Mortar Stores Are Performing and Adapting
Businessman drawing imaginary colored trees and a skyline in a field
Codes of Ethics: : Types and Examples
Young business colleagues in a boardroom talking and smiling
Core Competencies
What Is Corporate Culture?
close up focus on call center headset device headset VOIP system with telephone answer machine technology at operation office desk for hotline telemarketing and network operator concept
Good Customer Service Matters
Shipping
What Is Ex Works (EXW)?
Architects examining project plans in office
Considering a New Venture? Consider a Feasibility Study
Abstract view of a skyscraper
What Are the 4 Ps of Marketing and How Are They Used Effectively?
What Are Internal Controls?
Having a positive attitude is rewarding
Why Everyone Needs Strong Interpersonal Skills
Time
What Is Lead Time?
a man in an office looking at paper on the windows that have notes
Management by Objectives (MBO)
Pedestrians walk past Old Navy and GAP stores in Times Square
Reading Into the Manufacturer's Suggested Retail Price (MSRP)
A person drawing a chart with percentages from 15 percent to 100 percent.
Everything You Need to Know About Market Share
Female coworkers talking at their desks
What Is a Non-Disclosure Agreement (NDA)?
Business colleagues laughing during meeting
What Is Opportunity Cost?
Why Companies Use Outsourcing
shop owner repairing bike
Payment-in-Kind (PIK)
An airplane just after take off
What Is Price Discrimination?
What Is a Quasi Contract?
Why Research and Development (R&D) Matters
The text Request for Proposal appearing behind torn brown paper
Request for Proposal (RFP)
Grande Starbucks to go cup on table
Social Responsibility Definition
Process
Understanding Standardization
How Total Quality Management (TQM) Works
Why Value-Added Matters
What Is a Value Chain?
A happy customer rates a business with five stars.
Value Proposition: Why Consumers Should Buy a Product or Use a Service
Equity finance
Should a Company Issue Debt or Equity?
Net Present Value
Present Value vs. Net Present Value: What's the Difference?
How Do Modern Corporations Deal With Agency Problems?
Businessman Giving a Presentation to His Team
Brownfield Investment
What You Should Know About Credit Enhancement
Shipping containers at a dock and a global map showing destinations
Incoterms Definition
What Is an Operating Lease?
A man placing a proxy ballot in a box
Understanding Proxy Fights
How Enterprise Risk Management (ERM) Works
Identifying and Managing Business Risks
A business team discusses a business plan with diagrams, documents and digital devices in the office.
Defining the FIG at an Investment Bank
Co-workers having meeting with laptop in conference room
Articles of Association Definition and Example
Attrition Definition
Four business people sitting at desk, holding score cards, portrait
How a Balanced Scorecard (BSC) Is Used