A business is any organization that provides goods or services to satisfy customers’ needs and wants for a profit.

An entrepreneur is an individual who starts a business and risks losses for profits.

Major organizational stakeholders are owners (shareholder/stockholders), customers, employees, investors, suppliers and communities .

Innovation,Customer Service and Education make the competition desirable for businesses.

Local Business

Regional Business

National Business

International or Multinational Business

Business owners and managers must take into consideration current (and future) economic conditions when making business decisions.

Technology includes work methods, techniques and knowledge used in a
business.

Productivity is a measure of the amount of output generated given the amount of input.

There are six major forces of the environment:

the economic environment, the technological environment, the legal and
political environment, the social environment, and the global environment.

Market Environment:
Domestic business environment where firms operate.

Factors of production describes various resources used to produce goods and
services.

Natural and Physical Resources,

Labor,

Financial Capital,

Entrepreneurship,

Informations
Resources

• Land
• Offices
• Computers

Crowdfunding is to raise capital for a new business venture from a large number of individuals who often contribute small amounts of capital.

An economic system is a country’s organized way for allocation of its resources
among its citizens.

Planned Economic Systems

Free-Market Systems

Mixed Market Systems

Fiscal and monetary

A small business is independently owned and operated and not dominant in its field of operation.

Intrapreneurs are employees working in large companies who behave like
entrepreneurs.

They start new businesses, accept the risks, create jobs, and contribute to innovation

Introduction

Executive Summary

Company Description

Product/Service

Marketing Plan

Operating Plan

Management and Organization

Financing

A strategic alliance is an agreement between two or more companies to pursue
common goals such as project development of new products, while still remaining independent organizations.

Ethics is a system of moral principles (what is right and wrong) that governs a person’s behavior.

• The Utilitarian Approach - an ethical
behavior that delivers the most good or does
the least harm for all who are affected by it.
• The Fairness or Justice Approach – an
ethical behavior that treats people equally
or fairly.
• The Common Good Approach – an ethical
behavior that is based on the benefit of all
in a community and welfare of everyone.
• The Virtue Approach – an ethical behavior
that is consistent with desirable values like
honesty, courage, generosity, tolerance,
fairness and integrity.
• The Rights Approach – an ethical behavior
that respects the rights of those affected
such as the right to choose freely one’s own
choice.

Business or corporate ethics involve ethical or unethical behaviors by employees  in a business environment.

Operations-driven, compliance-driven, and customer-driven:

• Create new business or market opportunities
• Increase a company’s social standing, social capital, brand reputation and brand awareness
• Improve a company’s environmental impact and operational efficiency
• Increase employees’ motivation
• Reduce operating costs
• Protect important resources that a company depends on.