Business
|
A business (noun) (or 'going concern') is a trading entity that sells goods or services to other businesses or individuals in order to realise a profit.
Types of businesses can include:
- Sole traders
- Partnerships
- Private limited companies
- Public limited companies
- Co-operatives
- Government agencies.
- Charities.
- Voluntary organisations
- Partnerships
- Limited liability companies.
- Unlimited companies.
- Franchises
- Cooperatives
Businesses typically draw up a business strategy; a written statement of the organisation’s key aims which are designed to achieve its objectives. A full description of the strategy is usually found in the business plan.
Businesses typically have various departments, each with its particular objectives, as defined in the business plan. Larger businesses have a wider range of departments than smaller ones. Depending on the size of the business, these departments can include:
- Sales and marketing
- Accounting and finance
- Human resources
- Production
- Research & Development
- Health and safety
- Corporate social responsibility
A company is a legally-recognised group or association of people who have a common goal and who use their respective talents to achieve that goal. In the UK, companies must be registered under the Companies Acts (or other similar legislation). For more information see: Company.
[edit] Related articles on Designing Buildings Wiki
Featured articles and news
A briefing on fall protection systems for designers
A legal requirement and an ethical must.
CIOB Ireland launches manifesto for 2024 General Election
A vision for a sustainable, high-quality built environment that benefits all members of society.
Local leaders gain new powers to support local high streets
High Street Rental Auctions to be introduced from December.
Infrastructure sector posts second gain for October
With a boost for housebuilder and commercial developer contract awards.
Sustainable construction design teams survey
Shaping the Future of Sustainable Design: Your Voice Matters.
COP29; impacts of construction and updates
Amid criticism, open letters and calls for reform.
The properties of conservation rooflights
Things to consider when choosing the right product.
Adapting to meet changing needs.
London Build: A festival of construction
Co-located with the London Build Fire & Security Expo.
Tasked with locating groups of 10,000 homes with opportunity.
Delivering radical reform in the UK energy market
What are the benefits, barriers and underlying principles.
Information Management Initiative IMI
Building sector-transforming capabilities in emerging technologies.
Recent study of UK households reveals chilling home truths
Poor insulation, EPC knowledge and lack of understanding as to what retrofit might offer.
Embodied Carbon in the Built Environment
Overview, regulations, detail calculations and much more.
Why the construction sector must embrace workplace mental health support
Let’s talk; more importantly now, than ever.
Ensuring the trustworthiness of AI systems
A key growth area, including impacts for construction.
Comments
The article on 'Business' on designingbuildings.co.uk provides a comprehensive insight into the world of business within the construction sector. What piqued my interest most, however, was the role of office technology in streamlining operations. This underpins the importance of staying ahead of the curve with technological advancements to ensure productivity, efficiency, and ultimately success in today's highly competitive market. Worth a read for those seeking a solid understanding of business structures and processes!
Thanks for your comment. Did you know you can create a company account for free, write informative articles on your specialist subject and post these so that your company profile appears at the top.