Concept in Definition ABC

The term 'business' is used in the language to refer to elements or individuals that make up a company, as well as to characterize situations or moments that occur within the space of a company or company. In other words, everything related to or related to the company and the entrepreneurs can be called and qualified through the word at hand.
The use of this qualifying adjective can be very diverse since the number of possibilities of applying it is infinite.

The company

To really know when the business term is usable, it is important to know what is meant by business. It is normally defined as a type of social organization that has been created to achieve certain objectives that, generally, have to do with obtaining profits or any other type of economic profit through its participation in a market in which goods and services are transacted and that precisely that company produces. In order to function according to its objectives and purposes, the company will make use of productive factors such as: labor, capital and land.

Companies must always have some operating system in which functions, positions, hierarchies, work methodologies and other elements must be consigned so that the obtaining of results is effective.

Types of companies

There is a varied classification of companies based on some characteristic factors. Depending on the economic activity that they carry out we met with: primary sector company (their resources come from the same nature, such is the case of agricultural and livestock), secondary sector (they specialize in the transformation of goods such as industrial and construction) and third sector (They offer services or are engaged in commerce).

Meanwhile, depending on your Constitution legal: individual (They are those whose ownership corresponds to a single person), corporate (They are made up of several people).

And as regards the capital ownership there are private (the capital of these is in the hands of private persons), the public ones (they have state control), mixed (there is a combination of capital, private and public) and self-management (They are characterized because the capital belongs to the workers).

In this sense, everything that happens within the space of a company can then be considered a phenomenon or a business element. For example, such an adjective can be applied to a meeting, to a group of managers, to an internal operating system, to a project, to a specific element, to a type of behavior or attitude, to an internal dynamic to be respected among employees or to a type of objective to carry out cape.

Although at present the term company is naturally linked to professional and economic companies, we can also find companies whose purpose is to obtain solidarity results, as well as the grouping of individuals in pursuit of a common good to all of them. However, it is curious that the concept 'business' is used almost exclusively in professional and work areas, linking it in most cases with spaces such as offices, studios, labor organizations and others.

The Entrepreneurs

An entrepreneur is the visible and most important head within a company, he deals with establishing objectives, priorities, make the strategic decisions that will allow to achieve the goals proposals. And he is the commercial and legal responsible for it.
It should be noted that the employer is one who occupies a very high managerial position, for example, the executive director, and the members of the board of directors will also be called that way. administration, to shareholders, in the case of corporate companies, to the owner of a multinational company, as well as to the owner of a Small and Medium Company.
Now, it is important to note that an entrepreneur can perform various functions in the company: owner, shareholder, financier, manager, among others.

Business management

The administration of a company, that is, the process through which development is administered, planned, directed, organized, evaluated and controlled, is called business management.
Meanwhile, there are training courses in the matter, which are taught at universities and which precisely allow individuals interested in following this professional path or who have a company and want to run it efficiently, obtain the basic and necessary knowledge to carry out an optimal management
Be careful, in the success of a company, it should be noted that it is also essential to have skill when it comes to shaping business, and vision for the future, issues that of course are not taught in college.