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: Definition, Examples of Relationships, and Disputes
Woman in discussion with a financial advisor in an office
What Is a Commission in Financial Services?
Economies of Scale: What Are They and How Are They Used?
Businesswoman going over finances in an office
What Is an Expense?
Why a Green-Field Investment Appeals to Companies
Interest Rates: Different Types and What They Mean to Borrowers
Understanding Intermediate Goods
Liability Definition
aerial view of Hong Kong
Limited Liability Definition: How It Works in Corporations and Businesses
Perfect Competition: Examples and How It Works
A woman in a green shirt uses a credit card to shop on her laptop while she sits in a coffee shop
Transaction
What Is the Difference Between CIF and FOB?
Affiliates: Everything You Need to Know
Brick and Mortar Stores
Businessman drawing imaginary colored trees and a skyline in a field
Code of Ethics: Understanding Its Types, Uses Through Examples
Young business colleagues in a boardroom talking and smiling
Core Competencies
Corporate Culture Definition: Characteristics and Importance Explained
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
Ex Works (EXW) Defined, Pros and Cons, Plus More Incoterms
Architects examining project plans in office
Feasibility Study
4 Ps of Marketing
The 4 Ps of Marketing and How to Use Them in Your Strategy
Internal Controls Definition, Types, and Importance
Having a positive attitude is rewarding
How to Use Interpersonal Skills to Get and Keep a Job
Time
Lead Time: Definition, How it Works, and Example
A man in an office, looking at papers on the windows that have notes
Management by Objectives (MBO): Learn Its 5 Steps, Pros and Cons
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.
Market Share: What It Is and the Formula for Calculating It
Female coworkers talking at their desks
Non-Disclosure Agreement (NDA) Explained, With Pros & Cons
Business colleagues laughing during meeting
Opportunity Cost Formula, Calculation, and What It Can Tell You
Outsourcing: How It Works in Business, With Examples
shop owner repairing bike
Payment-in-Kind (PIK): What It Is, How It Works, Pros and Cons
An airplane just after take off
What Is Price Discrimination?
Quasi Contract: Definition, Example, and Requirements
Research and Development (R&D) Definition, Types, and Importance
The text Request for Proposal appearing behind torn brown paper
RFP: What a Request for Proposal Is, Requirements, and a Sample
Grande Starbucks to-go cup on table
Social Responsibility in Business: Meaning, Types, Examples, and Criticism
Process
Understanding Standardization
What Is Total Quality Management?
Value-Added Product: What It Means in Industry and Marketing
Value Chain: Definition, Model, Analysis, and Example
A happy customer rates a business with five stars.
Value Proposition: How to Write It with Examples
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
Enterprise Risk Management (ERM): What Is It and How It 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 in Small Business
What Is Attrition in Business?
Four business people sitting at desk, holding score cards, portrait
What Is a Balanced Scorecard (BSC), How Is it Used in Business?
How Brown Bag Meetings Work