A business, company, enterprise, or firm is an organization involved in the extraction, production, manufacture, distribution and/or sale of raw materials, property, capital, goods or services to other businesses or consumers. Businesses may be privately owned, privately owned and publically traded (a corporation), state-owned, or not-for-profit. Privately owned businesses are usually found in capitalist economies, and are driven by free-market forces such as competition and a concern for maximizing owner or shareholder wealth. Even in a free-market economy, businesses must still answer to laws and government regulation, as well as, more recently, cries for increased corporate social responsibility.
In school, business students concern themselves with learning about the efficient and effective operations of a business in order to become successful business managers upon graduation. A business education provides business students with the knowledge and skills to pursue a variety of rewarding careers in business, government and non-profit agencies. Business skills are also applicable in every day life, such as knowledge of personal finance, budgeting, leadership and interpersonal skills.
The academic study of business introduces students to a broad range of business disciplines. Business students may generalize, or specialize with the hope of pursuing a career in one or more of the specific disciplines that fall under business. In many areas of specialization, such as finance and accounting, students may earn a professional designation as well.
Academic disciplines in business include finance, accounting, marketing, strategy, human resource management, organizational behavior, entrepreneurship, information technology management, operations research, business law, and business philosophy and ethics. Most courses in business introduce students to established theories and principles in that discipline. Students learn to apply this knowledge to real world business situations through practice problems, case studies, and internship and co-op experience.
BrainMass.com provides a variety of resources for business students looking to improve their grades, better understand course concepts, and learn new things. Our extensive solution bank offers pre-prepared solution guides for common and previously asked questions that business students may have. We also have a large number of academic experts online that can help with immediate questions relating to any discipline in business. These resources are supplemented by quizzes, PowerPoint presentations, and e-books to help with more complicated topics.
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