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Indo-Pacific? Not from where China is sitting.

As U.S. President Donald Trump and some of America s democratic allies talk up a vision of Indo-Pacific cooperation, China is determined to ensure that the future belongs to Asia .

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Larsen & Toubro beats estimates with 27 percent jump in Q2 profit

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Trans-Pacific trade deal advances without United States

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China shopping festival smashes record with $25 billion haul

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Protesters flood Barcelona demanding release of separatist leaders

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Lebanese president calls on Saudi to explain why Hariri has not returned

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Formula One: Bottas grabs pole while Hamilton crashes out

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Interview: Trump probably can’t be swayed to stay in climate pact – Gore

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Trump says he trusts Putin’s denials of election meddling

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Exclusive: How Saudi Arabia turned on Lebanon’s Hariri

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Asia-Pacific leaders say to fight unfair trade in nod to Trump

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Top lender SBI’s results signal Indian banks’ record bad loans peaking

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MLPs poised for bounce, but could be short-lived

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North Korea says Trump begged for a war during his Asia trip

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Doping – WADA says has database proving widespread Russian doping

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Soccer: England’s Southgate has big calls to make

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Red Herring – THE BUSINESS OF TECHNOLOGY, what is business.#What #is #business


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A Short History of Flying Cars (That Aren t Uber)

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Raph Crouan and Ben Hayes of London’s Startupbootcamp, on Brexit’s Effect on Tech: “Uncertainty is the Biggest Killer”

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Nasdaq Stock Market, Stock Quotes – Stock Exchange News, what is the stock market.#What

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What is a social enterprise? What is a social business? Definitions by ClearlySo #stock

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What is a social enterprise? Defining social enterprise and social business

19th September 2015

Over the past few years, as ClearlySo has grown and changed, the most common questions we have been asked are: What is a social enterprise? and What is a social business? .

We used to have a definition for each of these different phrases. We knew underneath both simply meant an organisation that seeks to be financially successful while creating social and/or environmental impact. It has commercial goals and it has impact goals it is really not that complicated.

With famous examples of these kinds of businesses Green and Blacks. Divine Chocolate or Ben and Jerry s people can understand what it means to consider social impact alongside financial return.

But sometimes it has felt pretty complicated. We ve all made diagrams like this one:

We argued in 2010 that The Time for Social Enterprise is Now :

Many people who approach us ask how social enterprises make their money, or how a social enterprise is different from a business (or indeed how it is different from a charity). Because there is such a range of high-impact organisations operating in such a myriad of ways, these questions are impossible to answer precisely except that, simply put, these businesses have impact and financial success at their core.

Sometimes it is useful to consider some organisations as impact first , like charities, and some as purely for profit . This spectrum of organisation types shows the range of organisations working to create change and there are many. It s also very limiting. Considering the landscape as charity vs. company or social enterprise vs. social business obscures the wider movement that sees business and finance as a force for good.

It means considering the majority of businesses (that do not exist with positive social impact as a core metric for business success) against then a small niche for charities, social enterprises, social businesses, co-operatives, mutuals, BCorps. community interest companies (that list just keeps getting longer). It means disregarding the idea that all businesses have an impact. Some have overwhelmingly positive impacts, some have overwhelmingly negative impacts, and many fall somewhere between the two.

Although these labels can be extremely useful (think about the Cabinet Office using legally defined social enterprise to determine who is eligible for social investment tax relief ), and many of our clients are examples of those who define themselves as social businesses or social enterprises. we work with all kinds of high-impact businesses.

Charities like the London Early Years Foundation are run as businesses; they run sustainable models that support their growth and their impact aims. Yes, they may reinvest their profits: this does not mean that they themselves are non-profit while traditional companies are for-profit . Profit, as June Sullivan. their CEO, explains, is not a dirty word.

Justgiving is an online donation platform that has revolutionised how we give to charity and it is a business.

Businesses can be early-stage ventures or they can be long-established companies that consider every aspect of their social and environmental impact, like HCT. It doesn t matter to us whether a company is structured as a charity, a company limited by shares, or a community interest company: what matters to us is what they do, how they plan to grow their business, and how they create social or environmental change.

For these businesses, the financial bottom line matters, and so does the social or environmental impact. We have over 5,000 of these businesses in our network, many of which are growing rapidly. We believe that these businesses can be both high-return and high-impact; we do not see an impact see-saw where investors and businesses trade off financial returns in order to achieve social impact.

In any industry, different types of businesses have different risk and return profiles. We are simply adding impact to the equation. All businesses have an impact, we just believe they should be accountable for it and we want to help those businesses that create positive impacts to thrive. We envision a future where if you don t care about your social impact, you won t have a sustainable business.

Where great business is founded upon great principles, it is possible to do good while doing well where enterprise and investment are powerful forces for good.

Image: Aduna. whose superfruits create sustainable livelihoods in sub-Saharan Africa.


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What is a Business? Definition, Characteristics & Examples – Video & Lesson Transcript #sba

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What is a Business? – Definition, Characteristics & Examples

This lesson provides a definition of a business and reviews the key characteristics needed to have a business. The conclusion of this lesson includes a variety of business examples.

Definition

According to well-known professors William Pride, Robert Hughes, and Jack Kapoor, business is ‘the organized effort of individuals to produce and sell, for a profit, the goods and services that satisfy society’s needs.’ A business, then, is an organization which seeks to make a profit through individuals working toward common goals. The goals of the business will vary based on the type of business and the business strategy being used. Regardless of the preferred strategy, businesses must provide a service, product, or good that meets a need of society in some way.

Characteristics

There are three key characteristics that must be met to have a business. First, businesses must be the result of individuals working together in an organized way. Second, businesses must satisfy a societal need. Third, businesses must seek to make a profit.

As Pride, Hughes and Kapoor note, businesses are comprised of individuals working together in an organized way in order to be successful. Businesses are organized around the resources needed to be successful, as well as the type of business that is being operated. Some businesses may be organized in a way that requires constant cooperation and communication with other employees. Other businesses may not require as much contact with other employees but may instead rely on automated workflows. They must decide the best way to be organized based on their individual goals.

Businesses must also satisfy a need for society. For example, a grocery store satisfies the need to be able to purchase food for ourselves and our families.

Grocery stores satisfy a basic societal need.

Another example of satisfying a societal need is a gas station that provides needed fuel for most cars to operate.

Gas stations provide fuel to drivers, satisfying a need in society.

Businesses must carefully consider what need they are meeting for society in order to strategically plan for success. For example, society may have a limited interest in purchasing a personal hovercraft for travel. Travel needs are currently met in other ways, so a business focused solely on personal hovercraft may struggle more than the gas station at meeting a definite need.

Finally, businesses are organizations which are profit-seeking. meaning that they are not the same as non-profit organizations. Whereas non-profit organizations seek donations and funding to meet a mission, such as feeding the homeless in a city, a business organization’s goal will be centered on profit. For example, a business organization might be seeking to become the first four-star hotel in a city.

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Examples

Examples of businesses are nearly everywhere we look. We interact with businesses each day as we commute to and from work, purchase goods and services, or decide what we’ll have for dinner. Businesses include large organizations such as Coca-Cola, Amazon, Walmart or General Motors. The heart of America, however, remains the small business. Small businesses in your city may include accounting firms, restaurants, local shops, and more. The Internet has helped to bridge the gap of competition between small and large firms. Businesses, whether large or small, are able to use the Internet to increase sales around the world as well as to compete globally.

Lesson Summary

Let’s review. A business is the organized effort of individuals to produce and sell, for a profit, the goods and services that satisfy society’s needs. There are three key characteristics that must be met to have a business:

Businesses are all around us, from the large organizations such as Coca-Cola and Amazon to small businesses like local shops and restaurants found just next door.

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What is a Business Consultant? #grants #for #business

Posted in News - 26/12/2017 - 0 Comment

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What is a Business Consultant?

Business consultants provide management consulting to help organizations improve performance and efficiency. These professionals analyze businesses and create solutions while also helping companies meet their goals. Business owners should consider hiring business consultants when they need help or perspective on their chosen path or need a catalyst for change in their companies.

What does a consultant do?

There are a number of reasons why business owners should consider hiring consultants:

The first step for any business consultant is the discovery phase, where the goal is to learn the client s business. A good business consultant takes the time to learn as much as possible about the business, from the owner and employees. This can include touring the facility, meeting with the board of directors and employees, analyzing the finances and reading all company materials. During this process, the business consultant will uncover the details of a company s mission and what operations are in place.

Once an in-depth understanding has been developed, a business consultant has entered the evaluation phase, where the goal is to identify where change is needed. This includes identifying the company s strengths and weaknesses, as well as current and foreseeable problems. These can include problems already seen by ownership and management, and new problems seen thanks to the business consultant s objectivity. A business consultant should also identify opportunities to grow business, increase profits, and boost efficiency. [Related: SWOT Analysis: Examples, Templates Definition ]

In addition to identifying these problems and opportunities, a business consultant should also develop solutions to problems and plans on capitalizing on opportunities. Perhaps a company has a particularly strong sales department but weak marketing department; this is an opportunity for the company to increase marketing resources and capitalize on the sales staff. During this phase, it s important for the consultant and the company s employees to maintain open and clear communications.

Constructive criticism

It s important for an owner to take the business consultant s advice at this stage as constructive criticism, and not as a criticism to how the owner has been doing things. The business consultant brings objectivity and a fresh viewpoint, whereas the owner is personally close to the business. The owner should certainly have feedback and provide opinions to the business consultant, who should take the owner s reflections and revise plans as necessary.

Once the owner and the consultant agree on a plan, the consultant should enter the third phase of consulting, which is the restructuring phase, or the implementation of the plan. In this phase, the consultant is to build on assets and eliminate liabilities, as well as monitoring progress on the plan and adjusting as needed.

Finding a consultant

Finding the right business consultant may be the most difficult part for the owner or management. The consultant should have a passion for their work, a drive for excellence, and an eye for organization and detail. It s important to find a consultant with expertise in your industry or with the kind of problems that your business faces. When hiring a consultant, make sure they have solid referrals and offer these skills.

Anyone can call themselves a consultant, but it takes a combination of many skills to make for a good business consultant. It s also important to make sure that they have any necessary certification, depending on your industry. You should vet the consultant through their website and materials. Look for professional images and well-documented information about their services. It s a good idea to request examples of past successes and to speak to those businesses.

Business consultants are not necessarily cheap. But the feedback and planning they provide can help increase business and boost profits in the long run, while also helping ensure future success by eliminating problems and identifying opportunities.

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  • What is business process management (BPM)? Definition from #business #coaching

    Posted in News - 26/12/2017 - 0 Comment

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    business process management (BPM)

    Business process management (BPM) is a systematic approach to making an organization’s workflow more effective, more efficient and more capable of adapting to an ever-changing environment. A business process is an activity or set of activities that will accomplish a specific organizational goal.

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    The goal of BPM is to reduce human error and miscommunication and focus stakeholders on the requirements of their roles. BPM is a subset of infrastructure management. an administrative area concerned with maintaining and optimizing an organization’s equipment and core operations.

    BPM is often a point of connection within a company between the line-of-business (LOB ) and the IT department. Business Process Execution Language (BPEL ) and Business Process Management Notation (BPMN ) were both created to facilitate communication between IT and the LOB. Both languages are easy to read and learn, so that business people can quickly learn to use them and design processes. Both BPEL and BPMN adhere to the basic rules of programming, so that processes designed in either language are easy for developers to translate into hard code.

    There are three different kinds of BPM frameworks available in the market today. Horizontal frameworks deal with design and development of business processes and are generally focused on technology and reuse. Vertical BPM frameworks focus on a specific set of coordinated tasks and have pre-built templates that can be readily configured and deployed. Full-service BPM suites have five basic components:

    While on-premise business process management (BPM ) has been the norm for most enterprises, advances in cloud computing have lead to increased interest in on-demand, software as a service (SaaS ) offerings.

    See also: business process outsourcing (BPO ), Web Services Description Language (WSDL ), enterprise application integration (EAI ), business process reengineering (BPR ), business activity monitoring (BAM )

    This was last updated in January 2011

    Continue Reading About business process management (BPM)

    Related Terms

    CEO and other C-suite executive titles The CEO, or chief executive officer, is part of the C-suite. Other C-suite executive titles include the chief financial officer. See complete definition innovation management Innovation management is the process of managing an organization’s innovation procedure, which helps increase competitive. See complete definition product development (new product development, or NPD) Product development, or new product development (NPD), is the process of bringing new or updated products or services to a target. See complete definition

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