business essay definition

Business Essay and the Best Way of Its Writing

• Academic Writing Tips

• Social Science
• Political Science

Business is an essential aspect of today’s evolving world. It is a lucrative industry that impacts many sectors, including education. Business-related courses are popular as many students are pursuing the programs. There are many branches in the business field, from business management to finance. College tutors often give students different business papers to test their knowledge as part of the assessment.

A business essay is an academic assignment that involves writing a paper that responds with a strategic and analytical approach to specific situations occurring in the market. Each business essay has a different topic that students tackle. However, the primary purpose of such essays is to collect relevant facts that align with the research question and analyze the data to get solutions.

Writing a business essay might seem simple, but it requires impressive writing skills and extensive research. You must be familiar with the topic to know the paper’s direction. Topic selection is a tricky section that affects the entire writing process. It is essential to identify a relevant topic to assist you in crafting a remarkable paper. You have to write a well-structured and compelling paper to get good grades. Presenting accurate arguments with supporting examples from reliable sources is an essential research aspect. Thus, a business essay must follow the required academic standards and theoretical frameworks.

However, writing is not everyone’s cup of tea, and incorporating logical arguments can be challenging. If you are stuck, you can check any business essay example online to understand the format. You will know how to structure the paper and relate it to the relevant themes.

That is why our writing service is here to help needy students craft exceptional essays. We will connect with a proficient business essay writer to help with the research and writing process. Get flawless documents from us and earn the best score in your class.

Business Essay Format

Most learners often overlook the importance of having a business essay format. It is imperative to use a format to help you outline your work. Proper thought organization and articulation are essential aspects that translate into a well-written business essay.

Below is an example of the format:

• Introduction
• Background information
• Introduce main topics
• Thesis statement
• Topic sentence
• Research explanation
• Restate points
• Significance of the study

The above outline is a map that will guide you to know what to include in each section. In addition, you will understand what the assignment requires you to do from the introduction to the conclusion.

If you still find it challenging to get the proper format, you can study a relevant business essay example from our site and jumpstart your paper. Whether you need a business school essay or a business plan essay, we have you covered.

Write Business Essay In 5 Steps

While writing might seem challenging, with the proper format and topic familiarity, you are on the right track. It is imperative to understand the writing process before composing your business essay. You need to read the prompt carefully to know what you are supposed to research and write about.

Here is an overview of the writing process in 5 simple steps:

• Topic Selection

Choosing a good topic is mandatory in crafting an excellent paper. You must select a theme that aligns with the research question. Additionally, ensure you select a familiar topic you are passionate about to avoid writing mistakes and illogical paragraphs.

• Extensive Research

Conduct extensive research to get facts and supporting evidence. Narrow down your theme and include only good points. Avoid broad topics because you will waste time during research.

• Essay Outline

Make sure you use a proper outline to organize your thoughts and line of arguments. Follow the format essay

Start writing your paper while using the required academic format. Organize your work and include the introduction, main body paragraphs, or conclusion.

• Editing and Proofreading

Finally, edit and proofread your essay to eliminate grammatical and spelling mistakes.

The above steps will help you during business essay writing to craft remarkable papers. It would be best to plan your time adequately to avoid rushing through the process. However, you must select an appropriate topic for your paper. It could be a business management essay or a marketing paper. No matter the subject discipline, ensure you follow the correct procedure.

Business Essay Topics

Our experts have compiled a list of different business essay topics to inspire your writing:

• Discuss the importance of bookkeeping in a business.
• Evaluate the impact of value addition in products.
• An analysis of income and expenditure transactions.
• Analyze the supply-chain industry.
• The effects of product promotion in business growth.
• How to develop an effective marketing strategy.
• Impact of policymaking in enhancing company productivity.
• What is multilevel marketing?
• Impact of technology in the business world.
• Discuss the challenges affecting entrepreneurship.
• Significance of human resource management.
• Explore the importance of budget analysis.
• How does technology impact advertising?
• The importance of a financial strategy.
• How to start an online business.
• How can organizations profit from sustainable practices?
• How to develop a positive organizational culture.
• The importance of employee diversity in an organization.
• Effective ways of fraud prevention in a company.
• Explore the communication channels in an organization.

Let us look at interesting argumentative business essay topics

• Discuss the influence of cultural differences on international companies.
• A comprehensive analysis of cryptocurrencies.
• Discuss the ethical dilemmas in international organizations.
• The influence of globalization on the business community.
• Should large organizations have a social media presence?
• Causes and effects of economic recession.
• Impact of politics on business growth.
• Discuss the effective strategies of negotiating cross-cultural business deals.
• Explore the integrity of online entrepreneurship.
• The impact of corporate social responsibility in an organization.

The field is quite diverse with various course programs. You can derive different topics from these programs to get logical arguments. So, get inspiration from the compelling business school essay examples and craft exceptional papers.

How To Start A Business Essay

Knowing how to start a business essay is essential for academic writing. The first step entails topic selection because it will determine the essay’s direction. Identifying a relevant topic is vital, and you need to ensure you get the suitable theme. It will also help save you time during research and simplify the writing process.

When it comes to essay writing service , business papers are among the assignments that require extensive research and analysis. Read the essay prompt carefully to understand the tutor’s expectations. Then, make sure you conduct a comprehensive brainstorming session to get the major points for your paper. Having the right points will help you compose logical arguments in a flawless manner.

Moreover, it would help to read previous essays and publications from reliable essays widely. You will get essential data to support your arguments. Besides, the sources will help you cite your essay correctly.

Start your essay with an insightful introduction and include your perspective regarding the topic. Incorporate a powerful thesis statement that informs your readers of the paper’s direction and the major points you will discuss.

Proceed to write the body paragraphs with a topic sentence that captures all significant arguments. Each paragraph should have well-explained arguments that flow logically.

Finally, conclude your business essay by restating your main points and the significance of the study.

Still, need help with your paper? Worry no more. Our competent business essay writers are on standby, ready to assist you with any academic paper. Stop wasting time and reach out to us. We will help you score top-of-the-class grades within no time.

The paper “Enterprises Resource Planning Success and Failure” is an outstanding example of a business essay. An Enterprise resource planning (ERP) system according to Aslan et al. (2012, p.693) is a management system within an organization that has sets of connected inclusive software, which may be used when espoused and put into practice effectively, to oversee and connect every organizational function. Basically, ERP systems may be employed as a tool for helping to improve the supply chain network as well as the level of performance by helping in decreasing cycle times.

Besides that, ERP systems have been utilized routinely in capital-intensive industries like building, construction, manufacturing, as well as defence. Latterly, ERP systems have advanced further and nowadays they are prevalent in industries such as education, health care, finance, hospitality, and telecommunications. Fundamentally, the benefits of ERP systems are hard to realise not unless a strong disposition, as well as participation, is established within the organisation; so, the article seeks to critically analyse ERP success and failure experienced by organisations.

BodyAs mentioned by Hellens et al. (2005, p.283), ERP systems are built upon a single database and application, as well as a coordinate that is unified in the whole organization. For that reason, every application serving different departments such as HR, accounting, and supply chain are integrated firmly under a single ERP system. Al-as observed by Al-Masha et al. (2003, p.354), ERP systems are useful when successfully implemented because they accelerate the process of decision-making. So, the success of ERP systems depends on the ability of an organisation’s managers to efficiently oversee the operation of a business, given that ERP systems can help them reduces operation costs.

Success drivers of ERP systems can be categorised into two: operational and technological drivers. In this case, operational drivers are associated with ways of improving organisational performance, supporting business strategies, as well as cutting production costs. On the other hand, technological drivers are predominantly associated with compliance with existing rules and regulations. The notion of success varies as the process of implementation continues, in that for planning and implementation (the first two stages of the cycle) success is mainly rooted in completing the ERP project to the standards that are acceptable within the budget as well as a time limit.

As pointed out by Hanafizadeh et al. (2010), stabilization as well as Improvement (the last two stages of the cycle) success is founded on the seeming impact of the ERP system on the performance of the organization. As indicated in Hanafizadeh et al. (2010) study, there are scores of factors vital for the success of ERP systems; support is top management one of the factors, and it involves encouraging commitment, positivity, and support of top management in the ERP project. Another factor is the utilization of knowledge as well as experience of system and technology consultants.

Additionally, the balanced project team is crucial for the success of ERP systems because it includes the integration of employees and information technology with the broad knowledge of the processes in the organization. As evidenced in Hellens et al. (2005) study, the accuracy of the information is crucial to the success of ERP project, so, data loaded from accessible legacy systems must at all times be of high quality. ERP project cannot succeed if the project management teams do not have a well-defined, detailed project plan related to the goals of the project.

Change management is also a success factor in the implementation of ERP project; so, careful attention has to be offered to this, considering that several changes in business processes are experienced during ERP systems implementation. Training and education are also important given that technical expertise regarding the ERP system, its reference model, and facts regarding its working are useful in the process of implementation. Other factors crucial for success consists of, availability of experts who aside from being in top management will frequently help the organization realize ERP system benefits.

Failure of ERP projects has been prevalent, and this has continued to bite worldwide across all business platforms. As pointed out in Xue et al. (2005, p.279) study, ERP poise substantial benefits like improving customer service, reducing manufacturing costs and boosts productivity, but these benefits are only realised after successfully implementing the ERP systems. Nevertheless, statistics show that implementation of ERP systems is still a failure amongst scores of companies. Statistically, 90 per cent of ERP systems implementations in Asia countries, especially China are either completed late or use more money and resources than those stipulated in budget.

In Xue et al. (2005) study, where they differentiated implementation success of ERP system in China as well as western countries, they noted that China had a higher percentage of failure which was attributed mainly to lack of support from top management as well as data inaccuracy. Other factors that led to ERP failure include poor participation, education and training, insignificant time ensuing from a minimal understanding of cross-operational organisational processes (Dechow & Mouritsen, 2005, p.691). Furthermore, ERP systems are exceedingly expensive, and also the need for the organisation to hire consultants to assist in the configuration as well as implementation, results in further escalation of price; thus, creating a high possibility of failure.

The cost used on consultants is almost thrice the cost of an ERP system; this negatively affects the productivity of the company and can lead also to the failure of the ERP system. ConclusionIn conclusion, it has been argued that ERP systems are beneficial because they improve the flow of information between every function of the company and also manages the connections to external stakeholders. Currently, the key basis of competitive advantage is the capability of a business to improve the processes of the supply chain.

This necessity has created the need for more advanced information systems like ERP systems. The articles have heightened numerous factors critical to the success of ERP, and which have allowed companies to efficiently plan their resources resulting in business efficient functionality and increased productivity. Failures as discussed in the article are caused by lack of support from top management, data inaccuracy, and lack of sufficient education and training.

The paper “New iPhones Show a Hit For Apple as Quarterly Profit Fluctuate 13 Percent” is an outstanding example of a business literature review. Yao (2014) explains that China is expected to provide information about its weakest growth since the occurrence of the global financial crisis within the third quarter while the property downturn is assessed based on manufacturing and investment. As a result, more pressure has been put on Beijing to unveil new stimulus measures. According to Yao (2014), the market assumes that the Communist Party leader will be able to adjust to the gradual slowdown. This will happen only in circumstances where there are no possibilities of experiencing a potentially destabilizing fluctuation in unemployment. However, anything weaker would lead to more speculations of key stimulus measures, for instance, an interest rate cut. Although the leadership has consistently provided steady aid specifically to vulnerable sectors of the economy, it has been noted that several stimuli have been ignored because China is still struggling to pay a huge local government debt (Yao 2014).

Article 2: New iPhones show a hit for Apple as quarterly profit fluctuate 13 percent

Due to strong demand for APPLE’s new larger-screen iPhones released in September, its quarterly profit increased by 13 percent. This also enabled APPLE to overcome the sluggish iPad sales (Jones 2014). Despite the more intensifying competition felt by Samsung Electronics as APPLE’s leading Smartphone competitor, Jones (2014) points out that the iPhone is attracting more consumers who are also ready to pay high prices particularly for cutting-edge handsets. Through its latest phones, Apple is profitably catching with its major competitors, such as, Samsung that have from time to time managed to post attractive sales of larger phones. It has also been noted that the marketing strength that iPhone has gained stands in contrast to sluggish iPad sales and the issues affecting Samsung’s Smartphone business (Jones 2014).

Article 3: Coal not the solution for poverty

Couchi (2014) examines that cheap coal-fueled electricity is highly considered by miners and politicians as the best alternative way out of poverty, particularly for developing nations. However, Africa has not considered this. In the business report provided by Couchi (2014) about the U.S financial group Citi, it can be noted that the booming market for African electricity has been a result of the coal approach. In the attempt to reinforce coals bearish outlook, Couchi (2014) reports that Citi discovered that a new International Energy Agency (IEA) outlook on the commodity is in contrast with the idea of BHP, the US coal producer Peabody as well as the Minerals Council of Australia which maintains that coal would play an integral role in minimizing energy poverty, particularly for developing countries. Despite its metallurgical and thermal forms, coal is considered the second-biggest mineral exported from Australia after iron ore (Couchi 2014).

Article 4: Ebola could be in the headlines, but tobacco is yet another killer in Africa

Research conducted by The Guardian (2014) shows that although Ebola dominates the headlines, there is yet another killer pandemic of great importance that continues to kill many people in the African continent unnoticeably. It is has been noted that tobacco kills at least one between two long term smokers. Currently, it is anticipated to kill 1 billion people globally before 2100. This is relatively more compared to the current number of people who die of Ebola. The Guardian (2014) terms this global issue as injustice and inequality because Transnational Tobacco Companies (TTCs), such as UK-based British American Tobacco (BAT) earn humungous profits yet they cause economic damage worthy over half a trillion dollars each year. Besides, TTCs contribute more to environmental degradation and thus create risks that compromise the health as well as the sustainability of populations. To earn more profits, TTCs are currently shifting and expanding their business to untapped markets in regions with unrestricted opportunities for growth (The Guardian 2014).

Article 5: NAB, ANZ lead pack in building home-lending share

The home loan is still considered the major driving force in recovering credit growth for banks. In this case, National Australian Bank (NAB) and ANZ are on the frontline to encourage the big banks in taking the advantage of the mortgage market, while home and business lending are sustainably becoming strong. Therefore, NAB and ANZ have put on media their fastest growth out of the big in all the past three months (Yeates 2014). Despite the faster growth and expansion made by NAB compared to their rivals in home lending, Yeates (2014) notes that analysts see business lending as a bigger concern because the bank has lost shares and faced more pressure, particularly on its margins. Generally, the home loan market is considered a major driving force that enables banks to recover from credit growth regardless of the risks associated with life specifically in business lending (Yeates 2014).

The paper “Globalization and Culture” is an outstanding example of a business essay. Today, it is common to hear people refer to the world as ‘a global village’. This has been a result of the process of globalization. This process has opened up and improved trade across regional and national borders. Not only has globalization enhanced economic interactions across nations but also improved access to information and uplifted the fight for human rights, among other benefits. Recent technological and communication developments along with improved road networks have been the key drivers of globalization. However, critics of globalization say that these benefits have been realized at a very high price: that of surrendering regional and national cultural values, mainly, for Western morals (Kwame, 2007).

Regarding this debate, two key schools of thought emerge. From one angle critics argue that globalization spreads out any and every culture all over the realm, leading to cultural heterogeneity and deeper understanding between diverse groups. This is mainly defined through the global production and distribution of commodities such that people in different parts of the world have access to commodities they would otherwise have never seen. A case in point is the cultural interaction between the United States and Japan. Teens in the U.S interact with the Japanese culture through their comic books, animations and video games, while teens in Japan interact with the American culture through watching TV shows and Hollywood movies produced in the U.S (Kwame, 2007).

On the flip side, critics argue that globalization erodes the regional and national cultural identity through cultural homogeneity. This leads to a cohesive global culture constituting diluted varieties of regional and national cultural nuances. For instance, French pastries, ‘American’ fried chicken, and Japanese sushi can be eaten in almost any part of the world. Restraint chains such as MacDonald’s and Starbucks have influenced traditions and behaviors in different countries. Even though champions of globalization claim that this merely affects consumer goods and media broadcasting, critics contend that it deteriorates customary culture ((Kwame, 2007; Czinkota, 2003).

Culture is a prevalent aspect in business whether it is in marketing, production, or human resource management. It is a key variable in the function of success in new markets (Czinkota, 2003). People’s purchasing decisions are based on a product’s design, style or color that supports their religious beliefs and practices. Empirical evidence shows that the success or failure of a company, especially, in a foreign market is reliant upon the effective managerial exercise of local religious beliefs and practices. Therefore, managers ought to be on familiar terms with their market’s religious differences given that religion influences people’s attitudes. For instance, Asians have a different attitude toward authority and women that differs from Western beliefs and practices. Whereas many parts of the world, including Asia, South America, and Africa, value collectivism very much, Americans are more individualistic. Chinese, Latin Americans and Koreans take time casually even as Americans are more proactive.

Failing to appreciate the religious beliefs and practices of the market will often lead to lots of inadvertent mistakes, such as being socially violent, cultural mix-ups, tarnished interpersonal relations, poor negotiations. As a consequence, the company’s future performance dwindles as profits decline. Lack of religious competence, or religious dogmatism, can easily put at risk millions of dollars through fruitless negotiations, lost purchases or sales, and pitiable customer relationships (Czinkota, 2003).

Cultural Literacy

Culture is a broad system that includes traditions, beliefs, attitudes, values, institutions and social interactions. This system reflects the global crunch facing the human race, and so it is a cultural catastrophe (UNESCO 1997). Dealing with such a cultural diversity calls for an important skill referred to as cultural competence. Chrisman (2007) defines cultural competence as ‘attitudes, practice skills, and system savvy for cross-cultural conditions’. The key force in work involving cultural competence is the people’s flexibility and ability to appropriately consider and treat the general public politely and in a proper way fitting their culture. Cultural literacy takes account of cultural competence plus the capacity to analytically mirror, and if needed institute change in, one’s a specific culture. Cultural literacy also comprises the capacity to examine the actions of central cultures measured against other cultures. This becomes very much useful in business. A case in point is the understanding of the effect of globalization or cross-cultural businesses on indigenous cultures all over the world.

Cultural literacy has been likened to an iceberg, through the iceberg model of culture. This is due to the expanse contextual material one requires to understand the culture. Cultural literacy often involves much more than the information essentially spoken. In other words, to understand the meaning of a cultural term, one has got to have much information that is not revealed by the bare meaning of that term. The clear cultural meaning of the term is like the ‘tip of an iceberg’ meaning that the deeper understanding lies below the casual meaning of the term and it constitutes a person’s own applicable information. It is known that 15 per cent or less of an iceberg can be seen above the water surface, 85 per cent or more of the iceberg is submerged below the water surface. This means that there is quite a different picture depicted shallowly from that which is the actual translation in the literature, giving the imprint that implied information comprises relatively tiny bits and pieces of information, left out by the correspondent due to dismissal or suitability (Hawkes, 2001).

Figure 1: Iceberg Model of Culture

It has been stated earlier that culture is a broad system that among other aspects involves religion. The world is very diverse in terms of culture as well as religion. Each culture embodies a creation in itself and yet it is not closed. Cultures give religious convictions semantics, and religions provide decisive connotation to each culture. Religion is a way of life for numerous cultures saturating every one human action. In other cultures, it characterizes the utmost ambitions of human life, and for others, religion is an institution that claims to convey a meaning of deliverance (Hawkes, 2001).

The paper “The Different Communications ” is an outstanding example of a management assignment. Phone: 23 rd August: the communication was made to remind that the bill for the mobile phone is outstanding and if not paid within the date will have a fine imposed on it. The communication was successful as it helped to fulfill my need and acted as a reminder. Further, the call also ensured that it was complete and all the details like outstanding amount, due date, late fine, and other details were provided. The call was complete and highlighted the important aspect which if ignored could have an impact on my usage.

Radio: 24 th August: The communication was made regarding the areas which are having huge traffic and showed the roads which should be avoided. The communication was successful as it helped to fulfill my requirements by highlighting the different roads which need to be avoided and which need to be used. The communication was further clear and loud regarding the different roads and path which should be avoided. This method acted as one where proper guidance was provided and acting in the correct way was highlighted so those correct decisions can be taken.

Communications that were unsuccessful

Television: 24 th August: The communication was made regarding the sale of women’s garments. The communication was ineffective because in the first instance it didn’t meet my needs and requirements as I was not looking to shop. Secondly, the message was not constructed properly as it didn’t speak about the brands which were available on sale, the different garments which were available, and also didn’t highlight the date when the sale would end.

Phone: 25 th August: The communication was made regarding the mobile bill payment which has already been made. The call was ineffective because it was not required as the payment has been made and I had the required receipt. The call was instead a wastage of time. In addition to it, the call was not constructed properly and required to focus on areas through which a message would have been enough as a source of communication to ensure that the payment was correctly entered.

Reasons for communication not to be successful

The communication process can be improved in the following ways

Firstly, ensuring that the communication which is made is required and is addressed properly so that the person who receives the communication gains from it (Nicholas, 2013)

Secondly, providing complete information is essential as it will serve as a benchmark to evaluate the manner in which different information is passed (Anne & Bochner, 2007). It will also help to understand the important matter which has been spoken and will help to highlight the manner in which changes can make so that proper communication and message is passed

Thirdly, the targeted audience was wrong and it is important to correct the audience (Mehrabian and Susan, 2007). This will help to improve the validity and reliability of the communication and will ensure that the process of communication becomes effective and is directed towards the correct person

Fourthly, the process of communication needs to be improved and changed so that the message is correctly interpreted and passed with the same intention (Imahori & Lanigan, 2012). This will help the listeners to evaluate the message in the correct form and will help to ensure maximum response.

Fifthly, the media which are used needs to be chosen wisely as the usage of a message instead of a phone call for bill paid confirmation would have been more helpful and could have caught the attention of the audience in a better way. This would have multiplied the effectiveness of communication and would have helped to understand the important points and issues.

The process of communication thereby requires working on the smaller and important aspect so that the overall process of communication improves and helps to provide the required dimensions through which effectiveness can be gained in the manner messages are passed.

The paper “Why Did Telefonica Initially Focus on Latin America” is a perfect example of a business assignment. Based on Telefonica’s objectives of rapidly increasing shareholder value, profits and achieving growth, it had to take advantage of location economies. Hence, the company initially focused on Latin America, as it must have perceived FDI to be a means for circumnavigating trade barriers. Indeed, the reasons why Telefonica initially focused on Latin America are perceivable through the lens of the Uppsala Model Theory.

According to the theory, the internalisation of a company across many foreign markets is correlated to psychic distance, where the first entry is to foreign markets that are familiar and closer in regards to the psychic distance of the host country, before making subsequent entries in foreign markets with greater psychic distance. Psychic distance comprises the differences in culture, language and political systems (Falvo & Parshad 2005).

Within the perspective of Uppsala Model Theory, it should be argued that companies tend to gradually increase their activities in international markets through a series of incremental stages, where the succeeding steps are anchored in learning and adapting to foreign markets (Pandian & Sim 2002).

This implies that the firms fast gain experience from the markets, where they have closer cultural ties before expanding to foreign markets. For instance, Telefonica had to first gain experience as a telecoms operator in Latin America, since the region has deep cultural ties with Spain, where it is headquartered.

Strategic competitive advantages

The company’s decision to slowly expand to Europe appeared opportunistic as well as strategic. Europe had initially possessed trade barriers that lowered the chances of successful entries. Essentially, there is a correlation between culture and national competitive advantage, where countries that are likely to impose trade barriers, in terms of competition are bypassed in preference to those that are less competitive (Enu & Attah-Obeng 2010). This argument is based on Dunning’s Eclectic Theory, which hypothesises that a company will always seek to leverage their specific advantages, including marketing, knowledge, skilled personnel, technology and information (Dunning 2001).

In this case, the Latin American markets were growing rapidly. They also experienced an increased high adoption rate and usage of mobile phones and internet connections. Additionally, after the Spanish government privatised Telefonica and deregulated the Spanish telecommunications market, the company’s core objective became increasing shareholder value, profits and achieving growth.

This implies that profit maximisation is a major drive to foreign direct development; through the use of particular advantages the company has (Glesem et al. 1990). It, therefore, had to select a region that would enable it to achieve higher profits. The company selected Latin America over Europe. Latin America had few entry barriers, such as competition and government regulations, while Europe had greater barriers due to more competitors. This implies that imperfect competition within the marketplace is a key incentive for expanding abroad. Besides, European mobile telecommunications operators had agreed they would not invade each other’s markets. However, after the entry of America Movil into Latin America, Telefonica faced a stronger competitor, forcing it to expand to Europe.

Commenting on other student’s post:

Why did Telefonica initially focus on Latin America?  Why was it slower to expand in Europe, even though Spain is a member of the European Union?

While the student hinted at the growth of multinational enterprises, a brief outline detailing why the company expanded and reasons for expansion could have provided a more relevant backdrop. Additionally, the reference to the Socialist Party by Popular Part in the general election of 1996 was irrelevant and out of context. The student’s decision to link the factors for the European Union to the opening of the telecommunications sector was misplaced. Rather, the student should have selected reasons why Telefonica selected to begin operating in Latin America before making headway to Europe. However, reference to high competition in the sector in Europe was justified.

Accordingly, the student should have explored the close cultural ties between Spain and Latin America, as the major drivers that triggered Telefonica to first launch in the region before expanding to Europe. In supporting the argument, a reference to a relevant theory, such as the Uppsala Model Theory could have pointed to the reasons why internationalisation of a company across many foreign markets is correlated to psychic distance (Uhasselt. be 2005). This includes why the initial entry is mostly made in foreign markets that are familiar and closer in regards to the psychic distance of the host country. Afterward, an explanation of what this meant to Telefonica based on the theory could have been appropriate (Gustafsson & Zasada 2011). For instance, the student should have stated that firms get to fast gain experience from the markets where they have closer cultural ties before expanding to foreign markets.

The student should have based his arguments on Dunning’s Eclectic Theory, which proposes that firms tend to use their peculiar advantages such as marketing, knowledge, skilled personnel, technology and information (Rugman 2010). Further, he should have stated that companies view FDI as a means to circumnavigate trade barriers before going forth to describe the correlation between culture and national competitive advantage, where countries that are likely to impose trade barriers in terms of competition are bypassed in preference to those that are less competitive.

While the student was also justified in arguing that the company sought to maximise profitability and to increase shareholder value, no basis was provided to support the argument, based on the case study. At this stage, the student should have suggested a theory to support his argument (Morgan & Katsikeas 1999). Later, the student should have provided examples from the case study to defend the choice of the theory he selected. However, the student provided examples outside the case study, such as “Telefonica has been able to establish footprints in 24 countries and having an average of 120,000 professionals with consolidated revenues of 24,957 million euros in January-June 2014 and more than 315.7 million customers at June 2014”

Additionally, the reasons the student outlined as the likely motivators for Telefonica to launch first in Latin America before making entries in Europe cannot be justified, as they have not been argued appropriately. For instance, in suggesting political developments, taking policy advantage and the fact that the markets shared a common language, the student should have discussed the concept of psychic distance and the related theory, such as the Uppsala Model Theory.

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The Science of Strong Business Writing

• Bill Birchard

Lessons from neurobiology

Brain scans are showing us in new detail exactly what entices readers. Scientists can see a group of midbrain neurons—the “reward circuit”—light up as people respond to everything from a simple metaphor to an unexpected story twist. The big takeaway? Whether you’re crafting an email to a colleague or an important report for the board, you can write in a way that delights readers on a primal level, releasing pleasure chemicals in their brains.

Bill Birchard is an author and writing coach who’s worked with many successful businesspeople. He’s drawn on that experience and his review of the scientific literature to identify eight features of satisfying writing: simplicity, specificity, surprise, stirring language, seductiveness, smart ideas, social content, and storytelling. In this article, he shares tips for using those eight S’s to captivate readers and help your message stick.

Strong writing skills are essential for anyone in business. You need them to effectively communicate with colleagues, employees, and bosses and to sell any ideas, products, or services you’re offering.

• Bill Birchard is a business author and book-writing coach. His Writing for Impact: 8 Secrets from Science That Will Fire Up Your Reader’s Brain will be published by HarperCollins Leadership in April 2023. His previous books include Merchants of Virtue, Stairway to Earth, Nature’s Keepers, Counting What Counts, and others. For more writing tactics, see his website .  

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How to Write a Business Essay: an Ultimate Guide

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Writing an essay can be boring. A lot of essays are basically the same thing over and over again. You write an introduction, then you write your supporting paragraphs, and then you create a conclusion. Overall, the process is not a lot of fun, and you can often feel as though you are simply going through the motions for the sake of churning out extra work. But since you have to write an essay, it’s worth considering the many ways that you can make the process faster and easier. In this ultimate guide, we’ll discuss the best way to write a business essay so you can get through the process faster and with relatively little trouble.

It might seem obvious, but the first thing you need to do when you write an essay is to read the essay question. You need to be sure you understand each part of the essay question and how the parts of the question work together. You would be surprised how many students only glance at the question and then write a paper that only partially addresses the assignment. You don’t want to lose points because part of your paper isn’t on topic. If you find any parts of the paper that you don’t understand or that require explanation, be sure to contact your instructor for clarification before you start writing.

Read the essay rubric

These days, most essays have a grading rubric included with the question. A grading rubric is like a cheat sheet for writing your essay. When you review the essay rubric, you’ll see exactly how your instructor will grade your paper and what your instructor will be looking for. When you write your paper, you will therefore know exactly what to include and how to write about it in order to maximize your points—and you’ll also see what you can spend less time on because it won’t contribute to your overall grade.

Make friends with your library

Many students automatically turn to search engines like Google in order to research their papers, but this is not the most effective way to find high-quality business sources for your paper. Instead, take advantage of your library’s databases. Your college or university library will likely have dedicated business databases that collect high-quality academic articles on business topics. Using these resources in your paper will make your essay stronger and more effective, and it will put your paper on a solid academic footing.

Compile your sources before you write

Many students use the start-and-stop method to write their papers, composing a sentence or two and then stopping to look up more information in order to keep going. This, however, is an inefficient way to work. A better way is to read through your research sources before you start and copy into a separate file a series of quotations and facts that you might use in your paper, creating in-text citations and reference list entries for each before you start. Doing so will make sure that you don’t have to stop for research and have a ready bank of pre-cited material to work with as you write.

Outline before you write

Outlining is an important skill that will both save you time and improve the quality of your essay. Take time before you write to lay out your paper from beginning to end. Start with your thesis statement and carefully lay out the body paragraphs with a topic sentence, supporting details (including research, quotes, and citations ), and a closing paragraph . Plan your transitions to link paragraphs together. Any amount of outlining can be helpful, but the more effort that you put into outlining at this stage, the easier it will be to write your paper, and the less likely it will be that you get stuck in a tangent that goes nowhere or meander into a point that requires you to change your thesis and revise you whole essay.

Remember to revise and proofread

When you finish the draft of your paper, you aren’t done yet. The first draft is rarely the finished product. You should always set aside time to read your work back and to make revisions to make it clearer. You also need to carefully proofread for mechanical grammar, punctuation, and syntax issues to ensure that your paper is as close to perfect as possible. You don’t want to leave points on the table because your paper had easy to fix minor spelling or grammar errors.

Consider professional writing help

Another great way to get your paper done quickly is to seek out custom professional help from an essay writing service with academic experts. An online writing company such as this can create business papers for college students and deliver them fast. When you utilize professional writing assistance, you can receive a custom-written essay that can serve as a great model to help you understand how a professional would approach your business topic and organize and develop an essay to address your assignment. Using a model such as this can save you time and effort as you work on your own paper, allowing you to focus on the learning process more than the mechanics of academic essay writing.

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How to Write a Business Essay

Table of Contents

What is a Business Essay?

A business essay is a written analysis or interpretation of a particular business-related question or problem. Its main purpose is to present a compelling argument, supported by evidence, to persuade or inform its readers about a specific aspect of business, whether it be management, marketing, finance, ethics, or any other business-related topic.

Overview of Different Types of Business Essays:

• Analytical Essays : These essays dissect a business scenario or problem, analyze the components, and present the findings in a structured manner.
• Persuasive Essays : Aimed at convincing the reader about a particular point of view or business strategy. These require strong arguments and supporting evidence.
• Case Studies : These essays involve a detailed examination of a particular company or event. The writer explores the subject’s background, present conditions, and potential future implications.
• Comparative Essays : These contrast two or more items, such as different leadership styles, market strategies, or economic theories, to understand their distinctions and implications.
• Problem-Solution Essays : Identify a problem within a business context and propose a feasible solution, backing it up with factual evidence and analysis.

Understanding the Assignment:

Tips for comprehending essay prompts and instructions:.

• Read Carefully : Take time to read through the essay prompt several times to understand precisely what is being asked.
• Highlight Keywords : Identify action words such as “analyze”, “compare”, “critique”, or “discuss” to grasp the type of response required.
• Clarify Doubts : If anything is unclear, do not hesitate to seek clarification from the instructor or peers.

Importance of Identifying the Essay’s Objectives and Audience:

• Objectives : Understanding the purpose of your essay is crucial. Is it to inform, persuade, or analyze a business concept or strategy? Knowing this guides your research and writing process.
• Audience : Knowing who will read your essay (e.g., academics, business professionals, peers) helps tailor the language, complexity, and tone of the content to suit their level of understanding and interest.

Research and Analysis:

How to conduct thorough research using credible sources:.

• Library and Online Databases : Utilize academic libraries and online databases for reputable sources such as journals, books, and authoritative articles.
• Government and Industry Reports : These can provide reliable statistics and insights.
• Case Studies and Company Records : Great for specific insights and real-world evidence.

Methods for Analyzing Information Relevant to the Essay Topic:

• Create an Outline : This helps organize thoughts and data logically.
• SWOT Analysis : Evaluate strengths, weaknesses, opportunities, and threats related to the essay topic.
• Comparative Analysis : If applicable, compare different theories, case studies, or data sets to draw informed conclusions.
• Critical Thinking : Challenge assumptions and explore alternative viewpoints. This deepens the analysis and strengthens arguments.

In the following sections, we will delve deeper into how to structure your essay effectively, develop a robust argument, and polish your work through careful editing and proofreading.

Planning and Outline:

Creating a robust business essay outline:.

A well-structured outline serves as the backbone of your essay. It can be detailed or brief, but it should clearly map out the introduction, body paragraphs, and conclusion.

• Thematic Organization : Group your research findings into themes or categories that will become the basis for your paragraphs or sections.
• Sequential Flow : Ensure that there is a logical progression of ideas from one paragraph to the next.
• Balance : Allocate a proportional amount of content for each section according to its importance in supporting your thesis.

Strategies for Organizing Thoughts and Research Findings:

• Mind Mapping : Use this to visually organize your thoughts around the central topic.
• Bullet Lists : Make simple bullet lists to arrange facts and arguments in order of impact or relevance.
• Post-it Notes : These can be rearranged easily to help you decide on the best structure for your essay.

Writing the Business Essay Introduction:

Crafting a compelling opening statement:.

• Hook : Begin with a strong hook that captures the reader’s attention, such as a striking statistic, a rhetorical question, or a relevant anecdote.
• Relevance : Briefly relate the opening to the wider business context to show the significance of your essay topic.

Establishing Context and Stating the Thesis:

• Background Information : Provide a concise overview of the topic’s background necessary for understanding the ensuing discussion.
• Thesis Statement : Clearly articulate your thesis, presenting your central argument or stance, which the rest of your essay will support.

Body Paragraphs:

Structuring arguments logically:.

• Topic Sentences : Start each paragraph with a topic sentence that presents the main idea of the paragraph.
• Coherence : Make sure that each sentence flows logically from one to the next, maintaining coherence within and between paragraphs.

Use of Evidence and Examples to Support Points:

• Credible Evidence : Support your arguments with data and evidence from credible sources.
• Real-World Examples : Incorporate examples from actual business practices to illustrate your points more vividly.
• Explanation : Don’t just present evidence, but also explain how it supports your argument or relates to your thesis.

Concluding the Business Essay:

Techniques for summarizing the main points effectively:.

• Restate the Thesis : Reinforce the thesis statement, putting it in the context of the provided evidence and arguments.
• Summarize Key Arguments : Recap the key points made in the body, highlighting how they collectively support your thesis.

Discussing Implications, Recommendations, or a Call to Action:

• Implications : Discuss the broader implications of your findings or argument for the business world or a specific sector.
• Recommendations : If appropriate, offer well-grounded recommendations for action or further investigation.
• Final Thought : Leave the reader with a provocative final thought or question to underscore the essay’s significance and encourage further reflection.

The conclusion of your essay is not merely an endpoint but a decisive component that ties together your analysis, reinforcing the significance of your argument and its implications in the business field.

Referencing and Citation:

Guide to proper referencing styles commonly used in business essays:.

• APA (American Psychological Association) : Often used for business, psychology, and social sciences, it focuses on the author-date method of in-text citation.
• Harvard : A common author-date reference style where the citations are parenthetical, with a reference list at the end.
• Chicago : Known for its footnote or endnote style, but also has an author-date system; prevalent in history and some business publications.
• MLA (Modern Language Association) : Utilizes parenthetical citation; less common in strict business fields but sometimes used in business humanities.

To correctly format citations and references, refer to the specific style guide or use citation tools like Zotero, EndNote, or Mendeley.

Importance of Avoiding Plagiarism:

• Ethical Writing : Presenting others’ words or ideas as your own is unethical and can lead to severe academic and professional consequences.
• Originality : Original work is valued and demonstrates your own understanding and analysis of the topic.
• Credibility : Proper citation builds credibility and allows readers to verify sources, fostering trust in your analysis.

Editing and Proofreading the Business Essay:

Best practices for revising the essay:.

• Multiple Rounds : Go through several rounds of editing, focusing on different aspects each time—structure, argument flow, evidence, and then language.
• Peer Review : If possible, have a peer review your essay for fresh perspectives on content and clarity.
• Distanced Review : After writing, take a break before editing to review your work with fresh eyes.

Grammar, Punctuation, and Style Considerations:

• Consistency : Ensure consistent use of tense, voice, and person throughout your essay.
• Clarity and Brevity : Use clear and concise language; avoid jargon unless your audience is familiar with it.
• Punctuation and Grammar : Use tools like Grammarly or Hemingway Editor to catch common mistakes, or consult grammar guides for complex issues.

Business Essay Writing Tips:

• Understand the Business Lingo : Familiarize yourself with business terminology to make your essay more authoritative.
• Active Voice : Prefer active voice over passive for clarity and dynamism.
• Real-Life Application : Always consider how theoretical concepts apply in real-world business scenarios for more impactful writing.
• Critical Analysis : Go beyond describing concepts; analyze and critique them to add depth to your essay.
• Stay Updated : Use current examples and case studies, as the business world is continually evolving.

Additional Resources:

• Books : “The Elements of Style” by Strunk and White for style, “On Writing Well” by William Zinsser for nonfiction writing.
• Online Guides : Purdue OWL for comprehensive writing resources, Harvard Business Review for real-world business insights.
• Tools : Google Scholar for research, Grammarly for grammar checks, Turnitin for plagiarism detection.
• Databases : Business Source Complete, JSTOR, and SSRN for scholarly articles and publications.

Business Essay Examples

13 Business Essay Examples for Students

14 min read

Published on: May 1, 2023

Last updated on: Jan 30, 2024

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Are you struggling to figure out the structure, research, or data required to make your essay stand out? Or frustrated by the lack of inspiration and ideas for your essay?

But don't give up yet! We have a powerful solution that will make your essay writing a breeze. Our list of business essay examples is here to help! 

We have compiled expertly written business essay examples that will illustrate how to write a striking business essay.

With our examples, you'll be able to see how to structure your essay and generate creative ideas for your topic. And our tips will help you make the most of these examples.

So, let's dive in and get ready to learn!

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What is a Business Essay?

A business essay is a type of academic writing that focuses on business-related topics and issues. These essays can cover a wide range of topics such as marketing, finance, management, entrepreneurship, and more.

The importance of business essay lies in presenting a well-researched and informed analysis. To do this effectively, writers need to conduct extensive research and analysis on the topic at hand.

Referring to examples of business essays can help you gain insight into the structure, tone, and content of a well-written essay.

Business Essay Examples For Students

Here is a list of business writing examples

Business Essay Examples Pdf

Business Essay Example Grade 10

Business Essay Example Grade 11

A Level Business Essay Examples

University Business Essay Examples

International Business Essay Examples

Short Essay About Business

College Essay About Starting A Business

Types of Business Essay with Examples

When it comes to business essay writing, there are several different types that you might encounter. 

Here's a brief overview of each type, including their characteristics and an example of each.

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Case Studies

A case study is an in-depth analysis of a specific business situation or problem. It involves extensive research and data analysis to provide recommendations.

Case studies often showcase the application of theory to real-world business scenarios.

Research Papers

Research papers involve a more academic approach to business writing. They typically require an extensive literature review, data analysis, and original research. 

Business research papers aim to contribute new knowledge to the field of business. These often involve a hypothesis or research question.

Argumentative Essays

Argumentative business essays aim to persuade the reader to adopt a particular point of view or take a specific action. They present an argument and use evidence and logic to support their claims. 

Argumentative essays can address various business topics such as management practices, ethical issues, or market trends.

White Papers

A white paper is a document that provides a detailed explanation of a particular issue or problem, often with recommendations or solutions. 

White papers are typically used to educate stakeholders about a specific topic. These are often used in the business-to-business (B2B) context.

Comparative Essays 

Comparative business essays compare and contrast two or more topics or ideas. They typically analyze the similarities and differences between the topics to evaluate their pros and cons. 

Comparative essays can focus on various aspects such as products, companies, markets, or strategies.

How to Structure Your Business Essays

As you begin writing your business essay, it's important to structure it in a clear and organized way. 

Here's a step-by-step guide with business essay samples to help you do just that:

Executive Summary

The executive summary is a brief overview of your entire essay. It should summarize your main points and highlight your recommendations. 

This section should be written after completing the essay, as it gives a clear picture of what the essay covers. 

Here is how you start a business essay sample:

Introduction

The introduction sets the stage for the rest of the essay. It should introduce the topic, provide background information, and explain the purpose of the essay. 

Here is a business essay introduction example:

Industry Analysis

In this section, you'll conduct a thorough analysis of the industry in which the business operates. You should examine factors such as competition, market trends, and customer behavior. 

Here is a sample industry analysis

Key Issues or Problems

This section should identify the main issues or problems faced by the business. You should provide evidence to support your claims and analyze the impact of these issues. 

Here is an example paragraph:

Solutions or Recommendation

Here, you'll provide solutions or recommendations to address the issues identified in the previous section. Your solutions should be well-supported and feasible. 

For instance:

Implementation Plan

For this part, you'll outline a plan for implementing the solutions or recommendations you've proposed. This is sort of a description of the business model you suggest. 

This section should be detailed and include specific action steps. 

For example:

Finally, you'll wrap up your essay by summarizing your main points and reiterating your recommendations. 

This section should be clear, concise, and impactful. 

By following this structure, your business essay will be well-organized, coherent, and easy to follow for your readers.

Tips for Using Business Essay Examples Effectively

Now that you have quite a few business essay examples at hand, you should know how to use them effectively:

• Use them as a guide, not a template : While it's great to learn from examples, you should never copy them outright. Instead, use them as a starting point for your own research and writing.
• Analyze the strengths and weaknesses of the essay : Take note of what works well in the example essay, as well as any areas that could be improved. This will help you understand how to make your own essay even better.
• Use them to inform your own research and writing : Pay attention to the research methods, sources, and evidence used in the example essay. This can give you ideas for your own research and help you strengthen your arguments.
• Avoid plagiarism and ensure proper citation: Whenever you use ideas or information from an example, make sure to cite your sources. This will help you avoid plagiarism and maintain academic integrity.

You now have a plenty of business essay examples on different topics to help you get started!

By following our tips and studying the sample essays, you can confidently write your own essays that are clear, concise, and impactful. 

However, if you still find yourself struggling with your business essays, just reach out to our professional business essay writing service . 

We have the best online essay writing service and are ready to provide you a high-quality business. Our writing service has subject specialist writers who can tackle any business essay topic.  

So why wait? Contact us today and let our AI essay writer take your business essays to the next level!

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How to Write a Business Essay: Step-by-Step Guide

By: Tasha Kolesnikova

Reviewed: Angelina Grin

Business is one of the most popular fields of study in high school and college. Given how broad a subject it is and the fact it can be widely applied to a variety of different careers, that comes as no surprise.

What Is a Business Essay?

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One of the biggest academic challenges a student in this area must face is writing business essays. These papers provide learners with the opportunity to apply themselves and come up with a great piece of writing. In this article, we’ll explain how to write an essay about business, from the opening lines of your introduction to your bibliography. If you can't find the strength to write the paper yourself, contact our business essay writing service .

A business essay is a paper on some aspect of business, whether it’s about a broad concept or a report on a specific company. Such pieces can range between analyses of just a few paragraphs and full-length dissertations for university. Business essay writing encourages the writer to closely examine the nature of the field and to analyze it from their unique point of view using business terms.

As is the case with any scholarly piece of writing, business research papers require the author to put in a great deal of research and planning. The rest of this article will describe how to write business essays in greater detail.

How to Write an Introduction for a Business Essay

To write a good business essay introduction, there are a few key steps you must follow. In this section, we’ll walk you through each of those steps before providing you with an example of a well-written business essay introduction.

If you are unsure how to write a business essay introduction, follow these steps:

• Research your chosen topic thoroughly. Before you begin writing a business essay, you should make sure that you’ve thoroughly researched your chosen topic. During this stage, you should consult a variety of different sources to make sure you have a well-rounded view.
• Draft an outline of your paper. Plan out what the rest of your paper will look like. What is the main argument of your essay? How will you structure your argument? What will each body paragraph cover? Questions like this will help you draft a solid outline.
• Come up with a thesis statement. Once you’ve solidified your main argument, distill it into a thesis statement . This should be a single sentence that summarizes the point you’re trying to make and gives readers a sample of what to expect. Be sure to include your thesis statement in your introductory paragraph.
• Write your first draft. Finally, it’s time to start writing. Don’t expect your first draft to be perfect — that’s what editing is for. Make sure to frequently reference your outline to ensure you’re staying on topic.
• Redraft your introduction. Once the first draft of your paper is complete, take another look at your business essay introduction. In all likelihood, it may need to be fleshed out a bit more and may even require some revisions.

In 2020, the whole world saw the rise of the COVID-19 pandemic; now, almost three years later, we still feel its impact. During this time, the business sector has undergone dramatic change, with companies across all industries evolving and changing to survive. While this disease has certainly caused untold damage to countless firms across the globe, it has also forced innovation and transformation. This essay will explore how the coronavirus pandemic has shaped the commercial landscape — more specifically, through creating the need for process automation.

How to Write a Good Business Essay

When it comes to writing a business essay, there are a few steps you can follow to ensure you produce an outstanding piece of work. In this section, we’ll explain the approach you should take for writing two different kinds of essays: discussion-type essays and case studies .

Whether you want to know how to write an essay on your business or how to write a report for class, following the advice in this section will be of great benefit to you.

In a discussion-type paper, you will be given the task of discussing two points of view on a given topic. It is your job to carefully analyze both and present your own opinion on the subject at hand. In your introduction, you should introduce the topic and the contrasting opinions you will be comparing, and you should also summarize your view.

As the name suggests, a case study is all about providing an in-depth examination of a particular case. In the context of business studies, this involves writing up a detailed report on a company. You may choose to write on anything from a product or service they offer to their management style.

This section of your paper should give a detailed history of your chosen subject. When writing a discussion paper , you will be expected to detail the background of your topic question. You will also have to explain the history of the two viewpoints you are comparing — how they arose, how they were popularized, and so on.

When writing a case study, your background section should simply focus on the history of the company you are writing about, including information on its finances. If you are writing about a particular product or service the company offers, you should include a section on it.

Your body paragraphs should form the bulk of your paper. In a discussion essay, you should use this section to elaborate upon the contrasting viewpoints you are comparing, making sure that you back up your points with concrete evidence. Ensure that you also include an explanation of your thoughts and ideas on the subject matter, founded on logical reasoning.

In a study of a case, you will use this section to provide the reader with further information about your chosen company. Be as detailed and accurate as possible, again being sure you back up your claims with references to credible sources.

The conclusion of your paper is where you bring everything together. In a discursive essay, you should summarize the main points from either side of your argument. You should also give a definitive answer about where you stand on the topic.

In a study of a case, you will use your conclusion to summarize the content of your report. If you have been asked to provide an analysis of your case, you should also use this section to briefly sum up your critical opinion of the company.

Finally, your bibliography is a record of all the sources you used when writing your piece. This includes not only sources you cited but also any texts you may not have directly referenced but are still relevant to your research.

When talking about how to write an essay for business class, it’s important to think about the format of your paper as well. In academia, format refers to the style guide you should follow when writing your papers. This affects everything from line spacing and margin size to citations and whether you use numerals or letters when writing out numbers.

The format used for business essay is APA (American Psychological Association) style. If you are unsure of what this entails, then we recommend checking the style manual for yourself and searching for business essay format example.

As students well know, the work doesn’t stop after you’ve finished writing your essay. Next up, it’s time to proofread and edit your piece.

Here are a few tips to help you in this process:

• Give yourself plenty of time. Don’t fall into the trap of leaving proofreading and editing for the hours before submission. Rather, allow yourself as much time as possible to ensure that you do a thorough job.
• Don’t start editing immediately after you finish writing your piece. When you’ve been working on a paper for a while, you can sometimes miss glaring spelling mistakes and punctuation errors. Give yourself a break and approach your work with a fresh pair of eyes.
• If possible, get someone else to read it for you. A friend might be able to provide you with a more objective opinion and may also be able to catch mistakes that you missed, even if they’re not acquainted with academic language.

The number of paragraphs your piece should have depends on the type of paper it is and the context in which you are writing it. For example, a high school analysis will be significantly shorter than a university research paper.

Before beginning to write it, make sure you have researched your chosen topic in detail and know what arguments you will be presenting in your paper. Be sure that somewhere within your introduction you include a thesis statement declaring this argument.

When writing a conclusion for your paper, reiterate your central argument and summarize your main points. Also, be sure to include a brief explanation of why your findings matter.

The most important part of any business plan is the executive summary. This should provide the reader with an outline of the rest of your report—your market analysis, marketing strategies, financial predictions, and so on — so that they know what to expect.

The preferred business essay writing format is APA (American Psychological Association) style , most commonly associated with education and the social sciences. That being said, your college may have different formal requirements, so check with your department before you start writing.

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This website produces good information on how to write a very structural and convenience business essays .Therefore i recommend this page as a very helpful and good.

Basham Polope

When it comes to business articles, I tend to have a counterargument. However I really enjoyed the presentation and conclusion of this write-up. Informative, concise and a truly pleasant read.

I enjoyed reading this piece. Now I know it’s necessary to get someone to edit grammatical errors and maybe include certain business terms in my work.

This is such a detailed analysis of business essays! As a business major, I know for the essays, research and proofreading are important. However, I never considered an outline plan. It makes things so much easier.

Never knew that my normal business essay assignments needed an outline and keywords. Who would have thought. Lol. I guess I’ve been doing it all wrong. Thanks for making this simple, the tone and language use are right up my alley.

I’ve been an avid reader of the authors of this blog. One thing I’m extra sure of is that the articles are always so well structured and extremely relevant for the academic community. From the headings to the words, everything was helpful and I feel like I’ve been well enlightened.

I am currently carrying out a study and dissertation on different types of businesses and their modus operandi. I got stuck at the discussion part, so I took a small break. I’ve gotten enough info and I’ll be sure to include this in my references 😁.

I just got into college and in our first class we were given a business essay due for the next class. I asked my roommate how do I even write a business essay. She sent this link and now I have an idea of what to put in each paragraph and structure the body. Thanks!

It’s a nice piece you’ve got here. I like how it has been able to explain how to present arguments, structure the main body, discuss findings and include resources where relevant. I’m not even a business student and I feel like I know everything that is necessary to write one. The concluding part was straight to the point.

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Business Tips

Learn how to write a business essay in 7 simple steps, october 07, 2021.

Knowing how to write a business essay is not something that will naturally come to you. It requires expertise in different aspects of business, such as marketing, finance, management, etc. Engaging a professional service like Write My Capstone Project can be a strategic choice to ensure that these complex subjects are handled with the necessary depth and clarity. Besides, you need to have the right skillset to express these heavy-duty ideas and thoughts in a well-articulated manner, which is where a custom essay writing service can come in handy. 

Creating business-oriented content which is compelling, persuasive, insightful and well-structured, is not a cakewalk. Moreover, you need to use the appropriate language, present the essay as per the requirement, and offer significant content backed by data-driven ideas. 

If you are looking for some tips and hacks to enhance your business essay writing skills, here’s what you should do. 

A step-by-step guide to teach you how to write a business essay

You may need to write a business essay for your admission to the business school or an essay about time management or you may have to present a detailed report based on a business idea in your company. In any case, the task requires hard work and dedication.

If you don’t have time to learn how to write a business essay, you can always delegate it to a research paper writing service and let professional academic writers take care of it. However, we’ve made the following step-by-step guide to prepare you if you decide to do it yourself.

Start with a thorough analysis of the essay prompt

Now, this can indeed be a tricky one. Be attentive enough to understand what the essay prompt is about. It can either be a discuss-type essay or a case study. Analyze the topic carefully because your entire essay depends on this information. Be mindful of the keywords such as illustrate, compare, criticize, or explain. Decide your approach based on such keywords. 

Your thesis, choice of vocabulary, the structure of the essay, and the concluding thoughts should be in synchroneity with the essay prompt. Do not start composing your essay until and unless you are 100% sure about the given topic. 

Come up with a strong thesis statement

Your thesis decides the fate of the rest of the content. It needs to be powerful and effective. It is the foundation of your essay, and you don’t want to develop your essay on shaky ground, right? 

A thesis statement is a statement that comprises the main theme of your argument and an idea about what your readers can expect from the essay. Remember that a thesis statement acts as the “make or break” point for the essay. 

Come up with an impactful thesis statement, and define it using descriptive words. Be unambiguous. Use your resources, or ask a professional essay writer to do my assignment online if you need some help in writing a compelling thesis statement for your business essay. 

Create a well-structured outline for your essay

Depending on whether it is a case study or a discussion-type essay, you need to write an outline first. Once you are done with the outline, connecting the dots will be much easier. Hence, when learning how to write a business essay, the outline rules are imperative.

For a case-study type essay, you can use the following outline:

• Introduction
• Body/Main content
• Concluding thoughts
• Bibliography

For a discuss-type essay, the following outline can be effective:

• List of references

Research, study, repeat

A business essay should not sound like storytelling. You cannot use your fancy and refined vocabulary to increase the word count. Rather, you will need stats, data, and intricate business information to write your business essay. 

So, before you start working on it, make sure you research a lot. Jot down every relevant point, bookmark necessary pages, and spend time studying the topic. Once you are confident enough about the topic, proceed with the essay. You can also speedup your work by using services that write papers for money. It’s a quick and effective way to get things done.

Prepare the first draft

Do not take a risk with your business essay. Because the majority of the time, it is an important determiner of your grades. Adorn your thinking hat, and start writing the essay as thoughts come pouring in. 

Corrections, editing, and omissions can be done later during the proofreading stage. Right now, focus on the first draft. Go with the flow and do not stop, as this is the time you will get the best inputs and ideas for your essay.

Edit and proofread recklessly

And, before adding a conclusion, how to write a business essay guide, as well as any kind of writings, requires proofreading. Now that you have the first draft of your business essay ready, start proofreading. Double-check every word. Read between the lines. Add anything that you feel is relevant and remove everything unnecessary.

Use tools and software to polish the content. Avoid leaving any grammatical errors in the text. Also, remember that plagiarized content can have serious consequences.

Finalize your draft and add a conclusion

After the editing, you can get a printed copy of the draft. Try reading the essay aloud, and pay attention to all the minute details such as language, date, spellings, and punctuations. You should also notice if the flow of the essay is proper. If the flow breaks at any point during the reading aloud session, it should be improved. If everything sounds well, go ahead with it. 

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Business Essay Format: Types & a Writing Guide

Business essay format implies many details that are equally important to consider. Start with defining a business research paper type and then go deeper into the details of the work.

We offer to follow this proven algorithm. Take simple steps to make business management essay writing easier:

• First, let’s figure out the main challenges of business essay
• Second, get familiar with the methods you can use for your essay about business.
• Then, follow the steps necessary for writing a good quality paper.
• Finally, check out the real business essay examples we picked for you.

⬇️ Don’t waste time – all of this is below! ⬇️

🏁 Business Paper Format

• 📑 Business Paper Types
• ✍️ How to Write a Good Paper
• ⏲️ After You Wrote Your Paper

The Business essay format requires an analytical description of a specific situation in the market. Depending on the assignment, a student shall provide a way to explain, improve, or stabilize the situation.

During your studies, you will be asked to write essays about business many times. Even if management and finance are not your key subjects.

Students intending to link their careers with ventures and management are assigned more specific research papers about business (business plans, marketing analysis, and description of the business environment). In such a way, they can train their strategy-planning skills and global vision.

Research Paper about Business. Main Challenges

• Undefinable focus group size. If business research does not consider a vast target audience, its results may be inaccurate. Meanwhile, only budget and time determines how many people will be surveyed. Nobody knows how many is enough or too few.
• Biased population. The people surveyed in the course of business research may have the same background and income level. The researcher shall address different groups of people to see the whole picture.
• High cost. Some business research requires much investment. In particular, this statement is valid for long-term analysis that explores business cycles. But there are many NGOs and international organizations that offer grants to projects with a feasible business proposal.
• The research quickly outlives its usefulness. The modern world evolves exponentially. For business ideas, two-year-old research data is desperately outdated.
• Low precision of findings. Research papers about business are based on assumptions. It is possible to study the current situation, but no predictions are 100% accurate.

📑 Business Research Paper Types

Business research is a valuable source of detailed information on all business levels. Its findings are crucial for the development of an enterprise and its return on investments. The research helps establish the goals, find the weak points, and test a venture’s opportunities. There are multiple types of research in business.

Let’s dive in!

Business Research Paper. Quantitative Methods

Survey-based research.

Survey-based research involves asking questions through online polls, surveys, or questionnaires. Companies use this method to collect market data and make correct business decisions. Previously, marketing specialists surveyed people in person. Now they question the population online via mailout or social media.

There are four types of survey research. The first two of them focus on the time frame. The last two differ by the purpose and do not emphasize statistical accuracy.

• Cross-sectional surveys gather data from the audience at a selected point in time.
• Longitudinal surveys collect data from the audience across a long period to understand how the respondents’ behavior changes throughout the given period.
• Explanatory surveys collect ideas and insights for business challenges.
• Descriptive surveys explore the public opinion, typical behavior, or attitude of a group of people.

Correlation Analysis

Correlation analysis is done to understand the co-dependence between two or several entities. In methodology, it is similar to a cause-effect study. But the results of correlation analysis are not conclusive. They require qualitative research or descriptive conclusions. The main features of correlation analysis are:

• It establishes the relationship strength between two numerical variables.
• The result is formulated as a positive (strong or weak), a negative, or no relationship.
• It is usually calculated in percentage.

Experimental Research

Experimental research intends to prove a theory. It is useful in exploring the consumer’s behavioral traits and finding out the possible ways to increase revenue. The researchers watch a focus group that undergoes the predesigned scenarios. Later they analyze the audience’s typical and divergent behavior to use the knowledge in improving their business.

• It consists of a hypothesis, a variable that the researcher manipulates, and a set of evaluated variables.
• Experimental research is done in a controlled environment.
• The results can be used in a cause-effect study.

Cause-Effect Study

Cause-effect study shows which factors are the cause and which are the consequences. It is planned and structured, which makes its findings conclusive. The researchers select a set of variables and apply mathematical analysis to their evolution in time.

More than often, this study is the next step to experimental research. Having determined the relationships between the variables, researchers can predict their future development. These are the most typical features of a cause-effect study:

• It is quasi-experimental research.
• It uses experimentation to find if a relationship between factors is causal or they are not related.
• There are always dependent and independent variables, so the main challenge is to consider all the elements.

Business Research Paper. Qualitative Methods

Case study: research papers about business.

Case studies are the most wide-spread practice in marketing research. They provide insights into the client’s behavior and preferences. It is also the best way to explore the possibilities of a given product in the market.

A case study usually describes and explains the success or effectiveness of a product or activity. As well as allows analyzing their negative aspects.

• The researchers need to explain why they selected such or another case.
• The right selection of the point of view on the subject defines the efficiency of the study.
• Many companies publish their case studies on their websites to boast of their success and attract new clients.
• A case study investigates a fact in a real-life context to find trends.

Online Research Paper about Business

Researchers find literature sources online, analyze their relevance to the given problem, and compare it. This comparison makes online research a semi-qualitative method as it requires ranging the materials by their importance. Still, it is a collection of secondary data, and one shall be very selective about the resources.

• Online research consists of analyzing available materials at libraries, annual reports, company listings, etc.
• The advancement of online databases has made this method the quickest and simplest one.
• It can be used at the initial stages of more in-depth investigations, like cause-effect or experimental studies.

Website Visitor Profiling

The method is also called website intercept surveys. It has emerged in recent years as thousands of new companies appear on the market.

Enterprises need to find out which of their website visitors are potential clients. They place client surveys right on their websites to collect direct feedback. Another source of visitor profiling is website analytical information. It shows the number and frequency of visits, returning clients, and which data they consume the most.

These are the main features of the profiling:

• It provides companies with extensive comprehension of who visits their website and why. No business can succeed without knowing their clientele!
• Most survey questions are about client satisfaction, path, and intentions.
• The demographical profiling follows all the statistical laws. That is why the more people answer the survey questions, the more accurate the results become.
• The researchers can explore user experience with the website and analyze questions and answers on more global client-related issues.

Interviews are similar to surveys, with the only difference in the depth of answers. Interviews allow clients to give open-ended responses, express themselves, and share their experience of dealing with the company.

Interviews are perfect for finding a solution to a question that could not be answered through quantitative research. For example, why a particular group of clients avoids purchasing certain goods.

• Extensive answers are a benefit, as they provide more accurate and personal information than standardized questionaries. But they are also a drawback, making feedback analysis a lengthy and resource-consuming task.
• The method is highly effective in collecting in-depth information on personal opinions, preferences, and experiences.
• For business research purposes, interviews contain the same set of questions for all the clients. It facilitates processing the answers.

✍️ How to Write a Good Business Research Paper

Conduct a primary research.

It is the broadest stage that encompasses all the possible sources, including social media posts and blogs. Not only research materials contain the information that is essential for a business.

Go beyond the boundaries!

Sometimes, unexpected insights wait in the most unexpected places. If your subject area involves the human factor, ask your friends and relatives what they think about the topic. It happens that people who are distant from your research issues show the most realistic view of things.

Literature for Your Business Essay Writing

This step is required to generate ideas and decide which information you are going to use. The latter will help you when choosing a topic and outlining the structure.

Review the books, guidelines, reports, and journals on the subject matter. Soon you will learn that not all its aspects are equally covered in the literature. Make a note of the most and the least accessible and reliable literature.

Most research, including business one, starts with a literature review part. To write something new, you should know what has been written by others and build your paper.

Choose Your Business Essay Topic

Avoid selecting topics that are insufficiently discussed in the literature (you have noted them in the previous step). Still, if you have much to write on the poorly covered topics, it is your advantage, and you will meet less competition.

If you have too few options, conduct brainstorming. Write down everything that comes to your mind, then cross out the weakest versions until the best one is left.

You can as well use the list of topics on the most perspective spheres in business .

Outline Your Business Essay Structure

The structure of all essays about business varies enormously according to the subject field, expected length, writer’s qualification, and research purpose. Still, some sections remain in all of them. The following paragraphs are the crucial parts that you can use as a template.

• Introduction. If you doubt how to write a business essay introduction, write it after the background information. Summarize the critical idea and comment on how you will address it. You can add definitions of terms you will use in the essay. Conclude the introduction with a thesis statement. It should consist of a sentence or two that concisely represent the purposes and scope of your paper.
• Literature review. This section describes any available background information you consider relevant to the title of your essay.
• Findings or analysis. If you write a research paper, this part discusses the results of your research. For a business essay, dedicate this section to analyzing the literature from the previous paragraph or the given business situation.
• Conclusion. Start with reiterating the main points of your findings. Then draw a logical conclusion of these points. Make your point of view transparent to the reader. Finally, give some recommendations for further study of the subject matter.
• Bibliography. The citation style determines the rules of this part.
• Appendices . Insert here the supporting materials (graphs or charts) that are too large to be included in the main body.

⏲️ After You Wrote a Business Paper

Edit & proofread.

The difference between proofreading and editing is the level of text taken into account for each check and correction. You edit words (spelling) and sentences (grammar, punctuation, and syntaxis). Meanwhile, you proofread the entire paper, verifying its logical flow, overall focus, and organization.

For this reason, put your work aside for a day or two before you start proofreading it. Try to read it as if it was for the first time. If you have to read something several times to understand, change that part or delete it. Eliminate all the unnecessary filler words.

Use Our Business Paper Checklist

Here’s a very helpful checklist with the aspects necessary for a good research paper. Go through the questions below and make notes on what needs to be revised.

• Does the title of your paper match the thesis statement and conclusion?
• Does your business essay follow a logical order?
• Are all the numerical examples taken from reliable sources, and are they up-to-date?
• Is the topical sentence at the beginning of each main body paragraph supported by what follows it?
• Are there references to all the used sources?
• Are there sources in your bibliography that you never referenced? (If yes, delete them)
• Is the language academic and easy to understand?
• Is the spelling, grammar, syntaxis, and punctuation correct?

We sincerely hope that this guide improved your understanding of how to write a research paper about business.

If something is still not fully clear, go through it again, try to find another angle of perception.

Remember that creativity is always welcome in any kind of writing, though be careful – don’t overdo it.

Below you can find additional sources that we recommend to read.

Breathe out and just do it!

🔗 References

• Business Research: Definition, Methods, Types, and Examples
• Guide for Writing in Business; Southwestern University
• Academic Writing in the Business School: The Genre of a Business Case Report
• Qualitative and Quantitative Research for Small Business
• HARVARD BUSINESS SCHOOL WORKING PAPERS COLLECTION
• Recent Papers in Business Management; Academia.edu

Research Paper Analysis: How to Analyze a Research Article + Example

Film analysis: example, format, and outline + topics & prompts.

What is Business Writing?

Table of Contents

Definition of business writing.

• class="adthrive-video-player in-post" data-video-id="OzjdXu7K" data-player-type="default"&Different types of business writing

Core requirements of good business writing skills

What is business writing your opportunity to improve your business communications..

Business writing refers to the formal communication style used in professional settings to write documents such as reports, emails, memos, proposals, etc. It typically aims to convey information clearly and concisely, follows specific formats, uses a professional tone, and focuses on efficiently conveying information to achieve specific business objectives or goals.

Writing for business is the process of communicating business ideas and concepts through written words. The focus of this form of business communication is to persuade, inform, or entertain.

Below is our comprehensive guide to help you fully understand this concept. This blog post also shows you how to improve this essential skill and write to business colleagues with ease!

Business writing is very pragmatic. Essentially, it is a type of writing that enables a reader to know or do something. It flows up, down, laterally, internally, and externally to customers.

Good business writing is developed following an optimal writing process that first defines the reader and purpose, then subsequently provides the information that the defined reader needs. The information provided must be logical and well-ordered and written in concise, clear, engaging language that is grammatically correct .

Improving your business writing can propel both careers and businesses. It’s the channel that transmits nearly all business work and insight and interaction. It is the lifeblood and foundation of strong businesses.

Different types of business writing

• Email - Email can be simply transactional or it may persuade or inform. They are sent both internally within your company and externally to vendors, customers, and prospects, for example.
• Business Letters - Business Letters may be formal or informal or short or long depending on the context and purpose. A business letter is always external. It communicates information sent from your company to an external reader. 
• Business Memos - Business Memos (also called memoranda) are always internal communication. They summarize information into an official statement issued to individual employees or groups inside an organization. 
• Reports - Reports take many forms, including briefs, scorecards, performance appraisals , regulatory reviews, an annual report, etc. They provide information to enable an informed decision. A report is usually a more official document that is sent both internally and externally. 
• Handbooks - Handbooks are instructional documents that provide information employees need to understand and follow company policies. Handbooks are internal documents.

Know your audience

There are two primary questions to ask every time we begin a business document (or email):

• Who is my reader? We have to understand our readers to provide the information they need! Often, we are writing to a wide audience, so be sure to consider all readers. 
• What do I want my reader to know or do? What, exactly, is the purpose of this document?

If we can't answer either of these questions, stop. There is no purpose to what you are about to write, so it's not good business writing. This analysis will also help you use the correct tone. 

If you are looking for more quick tips, you may enjoy our complete list of the  best business writing tips and tricks.

Remember that substance matters

The most important element in this type of writing is the information it conveys.

If there are content gaps, incorrect information, irrelevant information, or the same information is repeated in different spins, the document will fail. Always. Even if the words and grammar are beautiful and correct, the document will fail.

At its core, writing for business is about information exchange, so the information contained in your document is the foundation of good business writing. The information must be complete, relevant to the reader, and accurate.

Aim for concise, clear writing. We always remind our clients to "write to express, not to impress." 

The goal is to transmit information to a reader, so business writing requires clear language to help a reader understand the information easily. Writing clearly is one of the harder aspects of business writing. One of my favorite quotes about writing is by Blaise Pascal: 

"I apologize for the length of this letter. I did not have time to make it shorter."

It's easy to write long, rambling sentences. Concise, clear writing requires skill. 

Concision can be challenging because it's a skill not emphasized in college. In academic writing, assignments often require a certain length. We have to fill ten pages, and we're instructed to develop our writing and expand the concept. We earn good grades partially through the length and impressive language. Puffed-up language is rewarded.

No one in business wants a longer document. In business writing, the required skills are the ability to extract what is significant, synthesize, and write clearly.

Our schools and colleges are correct to teach and emphasize expository writing. No one can become a good business writer without first being taught how to develop a thoughtful, well-organized essay. We can't extract or synthesize until we understand how to write cohesively and develop a concept. Business writing sits on top of academic writing. 

I've taught both academic writing at a university and business writing to thousands of clients. Good business writing is harder to write than good academic writing. 

Lead with what matters

We remind our clients to follow the acronym B.L.O.T. — "bottom line on top." State exactly why you're writing upfront.

Your readers are busy and overloaded with information. Help them cut through information overload by leading with the purpose of your document. Get to the point and avoid bloated sentences. 

Only vary from leading first with what matters if the information may be disagreeable to the reader. Buffer first only if you think your reader may emotionally disengage if you open directly. Read more about the writing style of delivering bad news .

Format for easy scan

Business readers are busy and cannot read everything. To help with this information overload, business documents must be easy to absorb. This means:

• Break paragraphs frequently to match new thoughts
• Use lots of white space
• Indent sub-information to indicate hierarchy
• Use numbered or bulleted lists
• Headings above document sections are a natural antidote for information overload
• Judicious use of bold or color can highlight key points

Watch out for grammatical errors

Poor grammar hurts. Good grammar shows both attention to detail and skill.

These traits are highly valued. A grammar error such as a missing period is unprofessional. Good grammar is the conventional language to help us communicate in a common language. It does matter. 

Writing for business, like all writing, evolves. Grammar and style evolve, also. Interestingly, all but one style guide now state that emoticons used judiciously, are acceptable in business writing. All style guides now recommend one space after a period or another full stop in a sentence, instead of two .

These changing standards are why business writers need to continually hone their writing skills to stay current with conventions by reading online resources about business writing or taking a business writing course .

“The difference between the right word and the almost right word is the difference between the lightning and the lightning bug.” - Mark Twain

Good business writing:

• Focuses on the reader, not the writer. 
• Is purposeful and seeks to help a reader know or do something.
• Transforms complex information into something easy to understand.
• Engages a reader and provides relevant information.
• Is written with correct sentence structure.

To learn more about business writing, check out our full Guide to Business Writing . 

Improve your business writing with an online training course.

Get one-on-one instructor feedback on your actual writing in every writing course we offer. Online and virtual training is available for groups and individuals.

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Business Essay: Definition

A business essay is a small volume essay aimed at an analytical or strategic response to a specific situation that has occurred in a marketplace. Its peculiarity is topic and style. 

Business essay writing is not an easy task. The main purpose of such writing is to gather all necessary facts and information. Analyze data based on the end goals of your article. 

Every business character problem has several solutions. Such kind of an essay shows the reasons why a particular solution is effective. This kind of work makes a person become a full-fledged researcher of a problem. Reference to external sources and practical examples help express an objective opinion regarding the issue at hand.

How to Write a Business Essay

Plan everything clearly and analyze all information. If you are interested in how to write a business essay, we prepare these steps mentioned below:

• Analyze all collected data
• Research material
• Create your plan
• Edit an essay.

You should consider a problem from all positions. It is also worth thinking carefully about the composition of your future essay. Collect any information that may cause discussions before your writing. 

First, analyze the problem. Determine exactly what your topic emphasizes. You must understand it firmly. This is the only way you can start looking for the right material for your task.   

Researching the material is a must. Find relevant facts and specific thoughts that you would like to point out in your written work.

Business Essay Format

An essay has features that distinguish it from other types of work. These include small volume and free composition. As for a business essay format, it does not tolerate any formal frameworks. It does not base on logic, it follows arbitrary associations.

When writing an essay, determine the topic, desired length, and purpose of each paragraph. Start with the main idea or a bright phrase. The goal is to grab a reader's attention immediately. Concrete examples and memorable details are much more effective than general phrases and lengthy statements. Check out our business management essay, for example.

Business Essay Examples

If you have no experience in writing such papers, stock up on business essay samples. They clearly show you what structure to stick to, how to format your thoughts, and give examples. Examples will show you ways of writing correctly if you have never done it before.  

Ready-made examples will help you with avoiding confusion and organizing your thoughts logically. You will understand a correct assessment of events and situations. It is worth taking a serious and thoughtful approach to self-analysis of your abilities and browsing analysis essay samples . This will help you write an essay that will make a good impression on readers. 

We have many interesting examples of such kind of work. You can read them for free. Make your writing easier!

Business Essay Topics

Your ideal option is to choose a topic that is currently on everyone's lips or has been popular for a long time. Business essay topics can include business ethics, corporate responsibility, why outsourcing is important to business, rules of business correspondence, social media marketing, the effectiveness of chatbots, business conflict resolution, and rules of conduct in negotiations.

You can come up with your own topic. To do this, study all areas of interest in more detail. This will allow you to enjoy your task and write useful material. If there is no inspiration, below you will find topics that you can safely use to write an essay. We hope that you will choose the right one for you.

Business Ethics Essay Topics

You should choose a topic that fits well with your thesis statement. You need to explain and outline your research by getting information on your chosen topic. 

Various ethical issues are common in this business industry. For example, promotion and conduct of events that are based on honesty and trust. Here is a topics list for the business ethics essay:

• Objectivity in the allocation of duties.
• The psychology of communication in a company.
• Public speaking and its characteristics.
• How to combine criticism and respect for people.
• Communication at a distance.
• Respecting and obeying the law. 
• The leader and his team.
• Resolution of a pre-conflict situation. 

This thesis must clearly show your ability to apply theoretical and practical knowledge in the analysis of your chosen problem.

Business Law Essay Topics

If you have to write some text for business law, you may encounter many difficulties. One of them is choosing a suitable topic. It is difficult to write if you are not versed in any kind of law. But it is possible to do it. The main thing is to understand all requirements, study facts, and all information found on a particular issue. Any essay on law will help you with this task too.

Here are the main topics for a business law essay:

• Economic methods of price regulation. (Consult: economics essay examples at StudyBounty .)
• Ways to prevent bankruptcy. 
• How to avoid sexual harassment. 
• Legal treatment of trade secrets.
• Cash payments in entrepreneurial activities. 
• Entrepreneurial risk: legal aspects.
• Peculiarities of protection of copyright law of business or company. 

You can find topics that interest you or in some way relate to your business.

Argumentative Business Essay Topics

Convince readers that they believe in your position. Moreover, they should accept your opinion after reading it. Argumentative essays should contain contradictions. However, there are topics that are more controversial than others.

In the list below, you will see common argumentative business essay topics. They are used for writing this type of paper. These are:

• Is it necessary to tolerate discrimination?
• Should advertisers sell their products to children? 
• Immigration is as USA's biggest problem.
• Putting homeless animals to sleep: Pros and cons.
• Why medical testing on animals is justified. (Look at our animal testing essay .)
• Is there a need to ban cruel song lyrics? 

These topics mentioned above are the best option for composing your argumentative business essay.

Business Essay: Frequently Asked Questions

You've probably wondered ‘why I want to study business essay.’ The first thing to do is to write an informative, interesting paper with a good clear structure. It is important to remember that a business essay should present coherent and thoughtful material. Your thoughts and arguments should reference facts, references, and examples. This will help you broaden your horizons, learn more about the field you are researching, find new data, and become more knowledgeable about certain issues.

We are professionals in this field. We can help with any type of writing. Turning to us, you will save your time, energy, and nerves. With us, you will find reliable examples of essays and interesting topics for writing that your future readers will not be indifferent to. 

To write competent, high-quality, useful material, you need to adhere to the golden rules of writing. You will be able to create the necessary business plan essay if you follow our recommendations.  

You can certainly find Harvard business school essay examples in our library. We have a huge collection of already written essays from the best students of the said institution. You only need to find the topic you are interested in. Then, you will be able to get acquainted with the work you need in the format you are comfortable with.

Yes, we have essays on business administration. You can find the papers in our library. You can get them for free. You will have the opportunity to calmly read the papers on your chosen issue, sitting at home or at a lecture at the university. We guarantee ready materials, compliance with all rules and norms, and the absence of grammatical errors.

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Essay Samples on Business

The majority of essays on business will deal with more than one discipline because college professors will ask to explore it all from management styles and leadership to economics and corporate legislation. You may choose at least one subject by focusing on the various challenges related to business difficulties. Always start with the essay type that you must submit as it will help you learn more about the structure. See at least one free business essay example to learn more about the range of topics that can be addressed. Even if you are still undecided on your subject, study the structure and check how citations have been formatted. When you are starting with an essay on business, provide your readers with background information and an explanation of the problem. You may also talk about HR management issues or business processes that have already taken place. If you choose an existing business case study, think about the best solutions by explaining why they will work. It can become your thesis statement that will be supported in your body paragraphs. If there are opposite opinions, do not forget to include a counter-argument paragraph to keep your business essay unbiased as you explore!

What is Entrepreneurship in Your Own Words

What is entrepreneurship in your own words? To me, entrepreneurship is the art of turning imagination into reality, the courage to chart unexplored territories, and the commitment to leave a lasting mark on the world. It's a journey of boundless creativity, relentless innovation, and unwavering...

• Entrepreneurship

What is Entrepreneurship: Unveiling the Essence

What is entrepreneurship? This seemingly straightforward question encapsulates a world of innovation, risk-taking, and enterprise. Entrepreneurship is not merely a business concept; it's a mindset, a journey, and a force that drives economic growth and societal progress. In this essay, we delve into the multifaceted...

Social Entrepreneurship: Harnessing Innovation

Social entrepreneurship is a transformative approach that merges business principles with social consciousness to address pressing societal challenges. This unique form of entrepreneurship goes beyond profit-seeking and focuses on generating innovative solutions that create positive change in communities. In this essay, we explore the concept...

Evolution of Entrepreneurship: Economic Progress

Evolution of entrepreneurship is a fascinating journey that mirrors the changes in society, economy, and technology throughout history. From humble beginnings as small-scale trade to the modern era of startups, innovation hubs, and global business networks, entrepreneurship has continuously adapted to the dynamic landscape. This...

Importance of Entrepreneurship: Economic Growth and Societal Transformation

Importance of entrepreneurship transcends its role as a mere business activity; it stands as a driving force behind innovation, economic growth, and societal transformation. Entrepreneurship fosters the creation of new products, services, and industries, while also generating employment opportunities and catalyzing economic development. This essay...

• Economic Growth

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Entrepreneurship as a Career: Navigating the Path of Innovation

Entrepreneurship as a career is a compelling journey that offers individuals the opportunity to create their own path, shape their destiny, and contribute to the economy through innovation. While the road to entrepreneurship is laden with challenges and uncertainties, it is also marked by the...

Corporate Entrepreneurship: Fostering Innovation

Corporate entrepreneurship represents a strategic approach that empowers established organizations to embrace innovation, take calculated risks, and explore new opportunities. In an ever-evolving business landscape, the concept of corporate entrepreneurship has gained prominence as companies seek to maintain their competitive edge and adapt to changing...

Challenges Faced by Entrepreneurs: Innovation and Success

Challenges faced by entrepreneurs are a testament to the intricate journey of turning visionary ideas into tangible realities. While entrepreneurship is often associated with innovation and opportunity, it's also characterized by a multitude of hurdles and obstacles that test an entrepreneur's resilience and determination. In...

300 Words About Entrepreneurship: Navigating Innovation and Opportunity

About entrepreneurship is a dynamic journey that involves the pursuit of innovation, creation, and the realization of opportunities. It is the process of identifying gaps in the market, envisioning solutions, and taking calculated risks to bring new products, services, or ventures to life. Entrepreneurs are...

What is Community Development: Exploring the Essence

At the heart of every thriving society lies the concept of community development. It's a term often mentioned, but its true depth and significance go beyond mere surface definitions. Community development is a multifaceted approach that encompasses empowerment, inclusivity, collaboration, and sustainable progress. This essay...

• Community Development

Navigating HR Career Goals with Purpose

HR career goals encompass the ambitions of individuals who are drawn to the dynamic realm of Human Resources, driven by a passion for cultivating a harmonious workplace, nurturing talent, and fostering organizational success. In a rapidly evolving business landscape, a career in HR holds the...

• Career Goals
• Human Resources

For or Against Setting Long-Term Goals to Land a Dream Job

The pursuit of a dream job is a journey that ignites aspirations, ambitions, and the desire for professional fulfillment. At the heart of this endeavor lies a critical decision: should one set long-term goals to navigate the path towards their dream job? This debate has...

• Dream Career

The Importance of Community Development

The importance of community development cannot be overstated in the ever-changing landscape of our interconnected world. Community development goes beyond physical infrastructure; it encompasses the cultivation of thriving neighborhoods, empowered individuals, and resilient societies. This essay explores the multifaceted importance of community development, shedding light...

How Education Contributes to Community Development

How does education contribute to community development? This question lies at the heart of understanding the intricate relationship between education and the progress of societies. Education is not only a means to personal growth but also a powerful catalyst for collective advancement. This essay explores...

The Essence of Community Development: Fostering Growth and Empowerment

About community development, it's a transformative process that empowers individuals, strengthens connections, and creates a foundation for sustainable progress. Community development is more than just infrastructure projects; it's about nurturing social cohesion, enhancing quality of life, and fostering a sense of ownership and pride among...

Effective Dispute Resolution and Crisis Management

In the realm of complex human interactions, conflicts and crises are inevitable. Dispute resolution and crisis management play crucial roles in maintaining stability, fostering collaboration, and preventing situations from spiraling out of control. This essay delves into the strategies and principles that underpin effective dispute...

Community Responsibility: Culture of Care and Accountability

Community responsibility is a cornerstone of building strong, resilient, and harmonious societies. This essay delves into the significance of community responsibility, its role in fostering positive change, the benefits it brings to individuals and communities, and the ways in which individuals can actively contribute to...

• Accountability
• Responsibility

Marketing Career: Crafting Triumph through Creativity and Strategy

The modern world is an intricate web of connections and communications, and at its core lies the vibrant marketing career. In this essay, we embark on a journey through the exciting realm of marketing, exploring its multifaceted nature, the skills it demands, and the opportunities...

What I Learned in Operations Management: Insights and Perspectives

Introduction Operations management is a multidisciplinary field that plays a vital role in the success of organizations. As I embarked on my journey in operations management, I gained valuable insights into the principles, strategies, and challenges that shape efficient and effective operations. This essay reflects...

• Knowledge Management
• Operations Management

KFC Operations Management: Delivering Finger-Lickin' Good Efficiency

This essay has shed light on the intricate world of KFC's operations management, highlighting how the brand's dedication to quality, innovation, and process optimization enables it to serve up its iconic chicken meals to hungry customers around the globe. Introduction KFC operations management goes beyond...

Advantages and Disadvantages of The Google's Strategy: Branding Diversity Benefits

Google, as one of the world's leading technology companies, has strategically incorporated diversity and inclusion into its branding approach. This essay examines the advantages and disadvantages of Google's strategy in utilizing branding diversity benefits. By analyzing the benefits and potential challenges of this approach, we...

10 Critical Decisions of Operations Management

Introduction Operations management plays a pivotal role in the success of organizations across various industries. It involves making a series of critical decisions that impact efficiency, quality, and profitability. These decisions are fundamental to achieving organizational goals and ensuring smooth operations. This essay aims to...

Why I Chose Marketing Management as My Career Path

Why did you choose marketing management? The choice of a career path is a pivotal decision that shapes one's professional journey and aspirations. Among the myriad of possibilities, I chose marketing management as my chosen field — a decision rooted in passion, aptitude, and the...

• Marketing Management

Why Androids Are Better iPhones: An Argument in Favor of Android's Superiority

The debate between Androids and iPhones has persisted for years, with proponents of each side staunchly defending their preference. While iPhones have a dedicated fan base, this essay aims to present a compelling argument in favor of Androids, highlighting their flexibility, customization, affordability, and compatibility...

What Type of Leader I Am: Examining My Leadership

What type of leader are you? This question delves into the unique qualities, values, and approaches that define my leadership style. As a leader, I recognize that my actions and decisions influence others, and understanding my leadership style is crucial for effective collaboration and impact....

• Leadership Styles

The Role of Advertising in Society: Functions and Effects

Advertising has become an omnipresent force in modern society, shaping our perceptions, influencing our choices, and impacting our culture. This essay delves into the multifaceted role of advertising in society, exploring its functions, effects on consumers, and broader implications for culture and the economy. Functions...

• Advertising

The Importance of Time Management for Students

Time management is more than just a buzzword; it is a critical skill that shapes the academic and personal success of students. Balancing coursework, extracurricular activities, social engagements, and personal commitments can be overwhelming, but effective time management empowers students to make the most of...

• Time Management

The Importance of Teamwork in an Organization

Teamwork is the cornerstone of successful organizations, driving collaboration, innovation, and achieving shared goals. In today's complex and interconnected business landscape, individual brilliance alone is not enough; it is the synergy of diverse talents that propels organizations forward. This essay explores the importance of teamwork...

Overview of the Qualities of a Good and Effective Team Member

Being a part of a team can be a rewarding and fulfilling experience, but it also comes with responsibilities. A good team member is not just someone who shows up and completes their tasks; they possess certain qualities that contribute to the overall success of...

My Experience Working in a Group: a Reflection

When it comes to collaborative efforts, the phrase "my experience working in a group" undoubtedly resonates with many individuals who have had the opportunity to work in teams. Group work is a ubiquitous aspect of education, professional settings, and even social engagements. In this essay,...

How to Resolve Conflict Without Violence: Building Peaceful Communities

Conflict is an inevitable aspect of human interactions, and while disagreements are a natural part of life, it is essential to address and resolve them without resorting to violence. By employing effective methods and strategies, individuals and communities can navigate conflicts constructively, fostering harmonious relationships...

• Conflict Resolution

How to Be an Effective Leader: Guiding with Excellence

Becoming an effective leader requires more than just holding a position of authority; it entails embodying qualities that inspire and guide individuals toward shared goals. Whether leading a team, an organization, or a community, effective leadership is marked by the ability to foster collaboration, motivate...

• Effective Leadership

How to Be a Successful Entrepreneur

Becoming a successful entrepreneur is a pursuit that requires a unique combination of skills, mindset, and strategic planning. Whether you're embarking on a new venture or aiming to grow an existing business, the entrepreneurial journey is filled with challenges and opportunities. This essay delves into...

• Business Success

How to Be a Good Leader: The Path to Effective Leadership

Leadership is a multifaceted skill that involves guiding and inspiring individuals or groups toward a common goal. While leadership styles may vary, there are essential qualities and practices that define effective leadership. In this essay, we will explore how to be a good leader, discuss...

How to Be a Good Employee: Core Qualities

Being a good employee goes beyond simply fulfilling job responsibilities; it involves a combination of skills, attitudes, and behaviors that contribute to a positive and productive work environment. Whether you're starting a new job or aiming to excel in your current role, embodying certain qualities...

Exploration of the Importance of Safety in the Workplace

Safety in the workplace is more than just a legal obligation; it is a fundamental responsibility that impacts the well-being of employees, the success of organizations, and the overall work environment. Prioritizing safety not only prevents accidents and injuries but also fosters a culture of...

Automation and the Future of Workforce: Benefits and Challenges

The advent of automation, driven by technological advancements such as artificial intelligence and robotics, has ushered in a new era in the world of work. As machines take on tasks that were once performed by humans, questions arise about the implications of automation on the...

Apple vs. Microsoft: A Compare and Contrast Analysis

Apple and Microsoft are two giants in the technology industry, each with a distinct approach to innovation, design, and user experience. While both companies have left an indelible mark on the digital landscape, they differ in their philosophies, ecosystems, and product offerings. This essay delves...

• Microsoft Corporation

Advantages and Disadvantages of Online Advertising: Navigating the Digital Marketplace

In today's interconnected world, online advertising has become an integral part of business strategies, revolutionizing the way companies promote their products and services. With its potential to reach vast audiences, online advertising offers a range of advantages and disadvantages that shape the dynamics of the...

• Marketing and Advertising

A Visit to the Grocery Store: My Recent Experience

Visiting the grocery store is a routine activity for most people, but it's also an opportunity to experience the variety and abundance of products available to us. In this essay, I will share my recent experience of a visit to the grocery store, highlighting the...

• Grocery Store
• Personal Experience

Mastering Life's Clock: The Art of Time Management

Time is an invaluable resource that flows ceaselessly, indifferent to our pursuits and priorities. In a world characterized by fast-paced living and numerous responsibilities, the skill of time management has become more crucial than ever. This essay delves into the art of time management, exploring...

Are Leaders Born or Made: the Nature vs Nurture Debate

Are leaders born or made? This age-old question has ignited debates, discussions, and exploration into the realms of leadership. The inquiry into whether leadership is an innate trait or a cultivated skill has intrigued scholars, practitioners, and curious minds. This essay delves into the heart...

• Leadership Development

Analysis of the Role of Social Media as a News Source

The topic of whether social media is a harmful or beneficial source of news has become increasingly relevant in our digital age. Platforms like Facebook, Twitter, and Instagram have revolutionized the way we access and consume information, shaping the news landscape in unprecedented ways. However,...

• Social Media

Religion and the Death Penalty: A Complex Intersection

Introduction The death penalty, as one of the most contentious issues, intersects significantly with various world religions, each of which has its own perspective on capital punishment. This religion and the death penalty essay aims to explore the complex relationship between various religious beliefs and...

• Comparative Analysis
• Death Penalty

A Comparative Analysis of "Fences" and "Death of a Salesman"

August Wilson's "Fences" and Arthur Miller's "Death of a Salesman" are two iconic plays that delve into the complexities of human relationships, aspirations, and the pursuit of the American Dream. This essay offers a comparative analysis of these two works, highlighting the similarities and differences...

• Death of a Salesman

Life Imprisonment vs Death Penalty: A Comparative Analysis

Introduction In societies around the world, two primary forms of punishment are designated for the most severe crimes: life imprisonment and the death penalty. This life imprisonment vs death penalty essay seeks to scrutinize these two forms of punishment, considering their effectiveness, moral implications, costs,...

"The Crucible": Difference Between Movie and Play

Introduction Arthur Miller's "The Crucible" is a significant piece of American literature that was later adapted into a film. The original play, written in 1953, explores the hysteria and irrationality of the Salem Witch Trials that took place in the late 17th century in Massachusetts,...

• The Crucible

McCarthyism and "The Crucible": A Comparative Analysis

Introduction Arthur Miller’s "The Crucible," a dramatic reimagining of the Salem witch trials, was penned during a political climate thick with the fear and paranoia of McCarthyism. In the early 1950s, Senator Joseph McCarthy’s fervent hunt for Communists in the United States mirrored the witch...

• Mccarthyism

Stellantis and Samsung SDI's Joint Battery Plant: the EV Revolution in the US

On July 24, 2023, Stellantis and Samsung SDI announced plans to open their second joint battery plant in the United States. This comes just two months after the companies revealed their first joint factory would be built in Kokomo, Indiana. The rapid expansion underscores the...

• Electric Vehicle

The UPS Teamsters Strike: Navigating Negotiations and Economic Impact

The Looming UPS Teamsters Strike After months of negotiations, the UPS Teamsters union and UPS management reached a tentative agreement on July 26, 2023, potentially averting a nationwide strike. The Teamsters strike had been authorized for early August if a deal was not reached, which...

• Employee Engagement

How Twitter's Rebranding to X Signals a Shift in Strategy

Twitter's recent rebranding to X by new owner Elon Musk signals a significant shift in strategy for the social media platform. Musk has long envisioned transforming Twitter into an "everything app" similar to China's WeChat, offering a wide range of services beyond social networking. The...

Elon Musk's Twitter Takeover and Reforms: an Overview

Elon Musk's Acquisition of Twitter In October 2022, billionaire Elon Musk completed his acquisition of social media platform Twitter for $44 billion. Musk took over as CEO with ambitious plans to reform Twitter's products, features, algorithms, content policies, and workforce. His tenure has proven controversial...

The Relationship Between Jeff Bezos and Lauren Sanchez

In the realm of opulence, Jeff Bezos, the visionary founder and CEO of the gargantuan entity known as Amazon, proudly claims his throne as one of the world's wealthiest individuals. A seismic shift occurred in 2019 when he unveiled to the public his entanglement with...

The Importance of Service: Unlocking the Essence of SERVQUAL Model

Introduction The importance of service quality in the food and beverage industry has been widely recognized in the literature, as demonstrated by Hugh, Bill & Carmel (2007) and Parasuraman (1985). The value of service to the customer is a key aspect of service quality, encompassing...

• Customer Service

The Importance of Trust in Building Strong Workplace Relationships

Trust is built on consistency as we interact with different kinds of individuals and build relationships with them based on desire behaviors and attitudes. A lack of trust leads to the desire to control a situation oneself as you believe the only person you can...

• Organizational Culture

Why Being Respectful to Your Co-Workers is Good For Business

As a worker at the bakery I decide to share my personal experience and reflection on statement which says: 'being respectful to your co-workers is goog for business', here in my essay.  At my current job, there are a few examples of incivility that I...

Why Online Shopping Is Better Than In Store Shopping: a Comparison

Information and communication technologies have a huge influence on modern society, changing how as well as where people work, shop and other ways of our lives. It is not a surprise to see how people are now choosing online shopping instead of in-store shopping. Especially...

• Online Shopping

The Role of Service Culture in Customer Loyalty

Introduction The purpose of this essay is to explain how successful or unsuccessful service culture may contribute to negative and positive encounters. I believe that customer service plays a huge role in customer loyalty. I will be sharing my delightful experience with Changi Airport Group...

The Importance of Brand Loyalty in Business Success

Brand loyalty reflects the connection between a product and a customer's willingness to repeatedly purchase it. A customer is considered loyal when they show commitment to a specific brand, indicating positive sentiments towards the product or company. Loyalty is demonstrated through consistent support for a...

• Brand Management
• Consumer Behavior

Tesla: SWOT Analysis of the Leading Electric Vehicle Manufacturer

Introduction Tesla, the renowned electric vehicle manufacturer, has been at the forefront of revolutionizing the automotive industry. With its innovative technologies and sustainable approach, Tesla has not only disrupted the market but also inspired a shift towards cleaner transportation alternatives. By conducting Tesla SWOT analysis,...

• SWOT Analysis
• Tesla Motors

Analysis of President Barack Obama as a Leader

Successful leaders possess distinct traits and qualities that set them apart. One such leader is Barack Obama, who exemplifies several key leadership characteristics. Inspirational communication, unwavering conviction, and a willingness to take risks are among the qualities that have contributed to Obama's success. Furthermore, Obama's...

• Barack Obama
• President of The United States

An Overview of Tesco: SWOT Analysis and Recommendations

Introduction This essay examines Tesco, one of the leading retailers in the United Kingdom, through a SWOT analysis. We will explore its history, market dominance, and global presence in simpler terms for easy understanding. Additionally, we'll evaluate Tesco's internal strengths and weaknesses, along with the...

Hospitality Work Experience: Skills Development and Effective Communication

Introduction First-year students were given an opportunity to have work experience in the Front of House, Food and Beverage and Housekeeping departments during November and December. Therefore, I chose to take this opportunity to gain experience in all of following departments shown previously. I thought...

• Hospitality
• Work Experience

Taylor Swift: Mastering the Art of Iconic Branding and Marketing

The Power of Taylor Swift's Brand In contrast to Sam Smith and Liam Gallagher, who adhere to conventional marketing and publicity campaigns (Music Week), Taylor Swift has ascended to the status of an iconic legend, boasting an impressive track record of five #1 singles as...

• Marketing Strategy
• Music Industry
• Taylor Swift

Timing the Road to Stardom: The Inspirational Journey of Octavia Lenora Spencer

In the ever-evolving journey of success, timing plays a crucial role. Some individuals find their breakthroughs early in life, while others encounter success later on. Octavia Lenora Spencer, the renowned American actress, offers an excellent example of how success unfolds in its own time. Her...

Significance of Black Inventions That Changed the World

Introduction Many people have heard about famous inventions, such as the lightbulb, the steam engine, and the iPhone. The list is, in fact, endless and impressive. However, although we use many products and inventions in our lives, we don't give thought to who made it...

• African American History

From Invention to Revolution: Karl Benz and Henry Ford

Introduction The automobile's history informs of how a, then small, three-wheeled machine has turned into the world’s most used form of transportation. It has improved greatly over the years and has become a vital means of transportation. The automobile has been improved greatly over lots...

• Ford Motor Company

Henry Ford's Inventions and Impact on the Industry

Introduction Henry Ford was one of the most important entrepreneurs the United States of America has seen. This is largely due to the fact that his genius innovative thinking is what allowed for the mass production of cars. He is known by many people as...

Henry Ford: The Man and His Automotive Legacy

Henry Ford: The Man Behind the Cars Henry Ford was an American industrialist, the owner of plants for the production of cars around the world, an inventor, and an author of 161 US patents. He was born in Springwells Township, Wayne County, Michigan. Henry made...

International Business Success: A Case Study of Starbucks

Introduction The article analyzed is “Starbucks CEO Kevin Johnson on Work, Joy and Yes, Coffee” was written by Adi Ignatius. This article was published in the Harvard Business Review, posted September 23, 2019 and was updated September 26, 2019. Area of International Management  The area...

• Article Review
• Business Analysis

Assessing CSR's Impact on Profitability: Article Review

Introduction “Social responsibility of business is to increase its profits as long as it stays within the rules of the game” (Friedman 1962). This quote represents the view of renowned economist Milton Friedman. It can be said that this view is only limited to one...

• Corporate Social Responsibility

Analysis of the Key Elements of the Modern Workforce Development 

Workforce development has been a public-private sector partnership for over a century and though it has taken various forms, it has always been directly involved with the public school system. One of the earliest forms it took was in the way of training agreements. These...

The Sharing Economy - a New Paradigm in Consumerism

With the rise in technology, people are able to communicate and conduct business through the use of the Internet and social networks. This has led to a sharing economy, where consumers can connect and exchange goods and services. Starting a company in a shared economy...

• Effects of Industrialization

Indian Retail Wine Industry: Opportunity for Growth and Development

This paper studies the factors favouring the growth of the Indian retail wine Industry in Mumbai. With the rapid increase in wine consumption amongst the 20-30 year-olds due to high disposable incomes and enhanced lifestyles, wine is seen to be gradually moving away from the...

Summer Placement Experience: Working in the Planning Sector

The summer placement provided by the university was a great opening for me to learn about the real-life situations occurring in the planning industry. Accordingly, to suit my schedule, I did a full-time based internship starting from 17th December 2019 until 11th February 2020 (i.e.,...

The Ketan Parekh Fraud and Supervisory Lapses: Case Study

The Ketan Parekh scam was the second most important scam that shook the Bombay Stock Exchange (BSE) after the Harshad Mehta scam. Ketan Parekh was himself a mentee of Harshad Mehta and had learned stock trading from the pied piper of Bombay Stock Exchange himself....

• Legal cases

Daniela's Law Case Study: Employee or an Independent Contractor

The issue based on the facts is to determine whether Daniela whom has been working with Fragrant is considered to be an employee or an independent contractor. The illustration of whether she was treated as an employee or an independent contractor is raised through a...

The Sharing Economy in Australia and the Associated Tax Obstacles

The 'sharing economy' is a term that describes individuals utilizing web applications to lease their property, assets, time and skills. Sharing economy stages enable users to monetise the estimation of surplus limit in the utilization of advantages or work, for instance, vehicles or transportation administrations....

A Brief Analysis of Samsung's Marketing Aim and Strategies

Samsung is a world famous brand that has been made popular not because of the products, but also their innovation in technology. It’s the seventh most valuable brand in the world. Myself I believe this is due to the marketing mix of the company which...

Complexities and Differences Between Traditional and E-Retailing

Retailing is a method of distribution process, in which all the operations involved in the marketing of the goods are sold directly to the end customer. It is include the person who has intention to buy the product and the selling of goods or services...

• Shopping Mall

Modern-Day Saviour: How the Retail Industry Makes Our Lives Easier

Retail is that the method of selling commodity or services to customers so as to form a profit through multiple distribution channels. Retailers meet the demand identified by a supply chain. The term 'retailer' is usually applied where a service provider fills the tiny orders...

The Role of a Clinical Psychologist in Treating Problem Drinking: Examining Effective Therapeutic Approaches

Problem drinking is not necessarily alcoholism; alcoholism is, however, a form of problem drinking. For a problem drinker when they drink it can cause problems for them and those around them, but they are not necessarily physically dependent on alcohol. They may be able to...

• Job Description
• Psychologists

Historical Perspective on Changes in Institutional Diversity

Path dependency, according to Roe, makes it difficult for institutions to converge, due to each economy's historical and political legacy. In the US, the result of distributed ownership prevalence can be attributed to their political inclinations to reject concentrated industrial and financial monopolies by their...

• Corporate Governance

When News Media Goes Wrong: the Dangers of Misinformation

The news media serves as a conduit, bringing global events to the public's attention. Particularly when individuals lack direct experience or knowledge of ongoing occurrences, they tend to heavily rely on the media for information. It is not to suggest that the media dictates our...

• Media Influence

The Business of News: Media Ownership and Journalism

Media ownership plays a significant role in shaping the news and information that is presented to the public. In recent years, there has been a growing concern over the concentration of media ownership and its impact on journalism. This essay will explore the relationship between...

Misleading Marketing Schemes in Australia and Their Impact

Marketing is the culprit of generating obesity. Marketing is detrimental to children’s health. Marketing is the culprit. Our country has been slammed with misleading marketing schemes and it is unacceptable. Marketers are using popular methods to wrongly entice young children to buy their products. An...

• Advertisement

Combination of Success: the Blend of Marketing and Customer Value

Marketing can be broadly defined as the communication channel linking a product or service to the targeted customers. Creation of value for customers is a critical task for marketers. From a customer's perspective, customer value is what they 'get' (benefits) relative to what they have...

Automotive Energy Industry: Analysis of Tesla Motors

Many societies are sorely dependent on economies they have set up towards sustenance in the world which are in turn backed up by different kinds of industries. The Automotive Energy Industry is one of the most important among all other kinds of industries out there...

Ensuring Workplace Health and Safety for an Ageing Workforce

In this essay I will be looking at what measures need to be put in place in the workplace to comply with regulations to Health and Safety that has an ageing workforce. I will be looking at various websites (see reference section) and will be...

Omnichannel Retailing: Blurring the Lines Between Online and Offline

In this current era, the retail marketplace had undergone remarkable changes in the field of online marketing and retailing. With the advancement in technology, online retail has grown to be an excellent selection which redefines the practice of retail. The most recent digitization movement led...

Overview of the Basis and System of German Corporate Governance

In Charkham, the author states that on a scale with 'confrontation' on one side and 'co-operation' on the other, German approach to corporate governance would fall on the co-operation side, much further this way inclined than or the US. In Germany, large companies fall into...

• Organizational Structure

Work Experience Placement: Preparation for Work With Vulnerable Children

I will do my work experience placement in a nursery while working one-on-one with children with special needs. Patience is one of the abilities I will need during my stay at St. Baranabas Nursery. Patience is essential when working with children with special needs because...

The Possibility of Developing Green Retail Marketing: Study Review

Green marketing has been a topic of research for about last five decades. With a lot of buzz around the carbon foot print of producers, many major organisations have started adapting sustainable ways to give their customers products that are innovative and environment friendly. Some...

• Environmental Protection

Employee Engagement in the Context of the Virtual Workforce

Gone are the days when employees were expected to report to work on time. During these bygone times employee engagement was a manageable challenge. However, the changing dynamics of the workplace which supports work-anytime, anywhere, in real space or in cyberspace has not come without...

Empowering Employees: the Benefits of a Self-Managed Workforce

Exponential growth in technology is on the rise and companies are in the midst of radical change. In fact, technology is so pronounced in todays’ workforce, that new trends are beginning to develop as a response. Such trends include a lack in motivation where there...

Effective Corporate Governance as a Tool for Company Improvement

Corporate governance is a system or mechanism used to direct or control an organisation. Corporate governance affects the way a corporation is directed, administered, or controlled. A company, especially a large enterprise is run under the separation of ownership and control concept which is owned...

A Critical Role of Corporate Governance System in Banks

Corporate governance in banks is a critical issue that has garnered significant attention in recent years. Banks are essential financial intermediaries that play a crucial role in the economy, and their stability is essential to ensure financial stability in the broader economy. Therefore, it is...

Unmasking Fox News: Exploring the Reliability of Mainstream Media

Billions of people in the world rely on the news to inform them what is going on in the world. People use many different ways to get their news such as the news channel, news papers, news app on their phones, or social media. One...

• Media Analysis

The Complete History of Media: Types of News Media and Their Role

Before writing, before technology or even before the internet came to be relevant, news media began with the basics—through speaking and exchanging information with others in real life. Through many revisions and early developments of mass media, we can see professional standards being made. Mass...

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Business Essay Topics to Write with Impact

Business essays are a common requirement for students pursuing various business-related courses. The key lies in choosing a familiar subject out of various business essay ideas that spark inspiration, one that can be thoroughly researched with ample sources, intriguing facts, or statistical data. In this article, we offer a comprehensive list of business essay topics ideas for you to write a paper that is unmatched!

Business Essay Topics Ideas: Navigating the Selection Process

Selecting the most suitable business essay topics can prove to be a challenging endeavor. Due to the intricate and sensitive nature of the subject, it is crucial to handle business terminologies with care while ensuring that your chosen topic remains intact. To aid you in this process, our custom coursework writing has compiled a set of important tips that will assist you in identifying an impressive essay topic.

• First and foremost, choose a topic that aligns with your personal interests and passions. This will not only make the writing business essay more enjoyable but also enable you to delve deeper into the subject matter.
• Additionally, opt for a business essay topic that offers a wide scope for research. Having access to a wealth of resources and information will enhance the quality and depth of your analysis.
• Select argumentative business essay topics that provide a rich pool of information and sources for reference. This ensures that you have a solid foundation to support your arguments and analysis.
• Prioritize topics that offer evidence, examples, or facts to substantiate the major points of your thesis statement. This not only strengthens your arguments but also demonstrates your understanding of the subject matter.
• Avoid the temptation to opt for overly broad subjects, as they can be challenging to cover comprehensively within the given deadline. Instead, focus on more specific aspects that allow for in-depth analysis and exploration. For instance, if you're writing an expository paper, you can enhance your approach by utilizing an expository essay outline . This will help you structure your major points more efficiently and ensure a clear and logical flow of ideas in your writing. 
• For case studies, consider selecting a business essay example centered around well-established companies and discussing their successes or failures. By offering concrete solutions, you can showcase your critical thinking and problem-solving skills.

50+ Business Essay Topics Ideas: Unleashing the Best Choice

While there is an abundance of business essay topics ideas to explore, we have curated a selection of exceptional choices to assist you in this endeavor. Take a thorough look at our handpicked list and discover an ideal topic that will serve as a solid foundation for crafting a detailed and engaging business essay.

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Business Management Essay Topics

Business management is a broad field that covers various topics affecting the management of business operations. It encompasses finance, marketing, sales, human resources, and supply chain management. The principles of business management are applicable to all types of businesses, whether small or large. Here are some topics from our ' Do my essay ' experts that can help you explore this area.

• Leadership Styles and Their Impact on Organizational Performance: Analyze different leadership styles (e.g., autocratic, democratic, transformational) and their effects on employee motivation, job satisfaction, and overall organizational performance.
• The Role of Emotional Intelligence in Effective Management: Explore the importance of emotional intelligence in managerial roles, examining how self-awareness, self-regulation, empathy, and social skills contribute to effective leadership and team management.
• Strategic Human Resource Management: Discuss the role of human resource management in achieving organizational objectives, focusing on topics such as talent acquisition, employee development, performance management, and retention strategies.
• Ethical Decision Making in Business: Examine ethical challenges faced by managers and organizations, analyzing frameworks and approaches for making ethical decisions and creating an ethical culture within the business environment.
• Change Management and Organizational Resilience: Explore strategies for effectively managing organizational change, considering topics such as change communication, employee engagement, resistance management, and building organizational resilience.
• Innovation and Entrepreneurship: Discuss the role of innovation and entrepreneurship in driving business growth and success. Analyze topics such as fostering a culture of innovation, managing risk, and strategies for promoting entrepreneurial thinking within organizations.
• Strategic Marketing Management: Examine the importance of strategic marketing in achieving competitive advantage, discussing topics such as market segmentation, targeting, branding, product development, pricing, and promotional strategies.

Business Law Essay Topics

Business law is a critical component of any business operation. It covers a wide range of topics, including contracts, intellectual property, securities, and trade secrets. Here are some business law essay topics:

• The Role of Intellectual Property Laws in Protecting Innovation and Creativity in the Business World.
• The Legal and Ethical Implications of Data Privacy and Cybersecurity in Business Operations.
• Corporate Social Responsibility: Balancing Legal Obligations and Ethical Considerations in Business Practices.
• The Impact of Antitrust Laws on Promoting Fair Competition and Preventing Monopolies in the Market.
• The Legal Challenges and Opportunities of International Business Transactions: Navigating Cross-Border Trade and Investment Laws.
• The Role of Employment Laws in Protecting Employee Rights and Promoting Fair Labor Practices in the Workplace.
• The Legal and Ethical Implications of Corporate Governance: Ensuring Accountability and Transparency in Business Organizations.
• The Impact of Consumer Protection Laws on Safeguarding Consumer Rights and Regulating Business Practices.
• Legal Challenges and Strategies for Managing Contracts and Negotiations in Business Transactions.
• The Role of Environmental Regulations in Balancing Business Operations and Sustainable Development.

Business Ethics Essay Topics

Business ethics refers to the set of moral principles that govern the decisions and actions of businesses, and if you need assistance, professionals can help you ' write my research paper ' to explore this topic in-depth. Meanwhile, here are some business ethics essay topics:

• Ethical Dilemmas in the Workplace: Analyzing Real-Life Scenarios and Decision-Making Processes.
• The Role of Corporate Social Responsibility (CSR) in Promoting Ethical Business Practices.
• The Impact of Ethical Leadership on Organizational Culture and Employee Behavior.
• Ethical Considerations in Marketing and Advertising: Balancing Profitability and Consumer Protection.
• The Ethics of Workplace Diversity and Inclusion: Promoting Equality and Fairness.
• Ethical Issues in Supply Chain Management: Ensuring Fair Labor Practices and Environmental Sustainability.
• The Ethical Implications of Technology and Artificial Intelligence in Business Operations.
• Whistleblowing and Corporate Misconduct: The Role of Ethics in Promoting Accountability.
• The Ethics of Corporate Governance: Ensuring Transparency and Responsible Decision-Making.
• Ethical Challenges in International Companies: Navigating Cultural Differences and Corruption Risks.

Business Administration Essay Topics

Business administration covers various topics related to the administration and management of business operations. Here are some ideas you can also use as dissertation topics :

• Effective strategies for managing employee diversity in business operations.
• Effective supply chain management strategies.
• Business incubation and entrepreneur support strategies.
• Effective leadership and its impact on business performance.
• Best practices in business decision-making and problem-solving.

International Business Essay Topics

International business operations are characteristic of companies that operate on a global scale. Here are some international business essay topics:

• The impact of globalization on international business operations.
• The impact of cultural differences on international business negotiations and operations.
• Digital transformation challenges and opportunities for global businesses.
• Effective entry strategies for multinational corporations into emerging markets.
• Effective strategies for managing global supply chain operations.

And if If you're wondering how to write a nursing essay focused on international business operations, here are some essay topics to consider:

• The Impact of Globalization on Nursing Practice: Analyze how globalization has influenced the nursing profession on a global scale, considering factors such as international collaboration, workforce migration, and cross-cultural challenges.
• Ethical Considerations in International Healthcare: Explore the ethical dilemmas faced by nurses working in multinational healthcare settings, examining issues like cultural relativism, patient autonomy, and disparities in healthcare access.
• Strategies for Managing Cultural Diversity in Nursing: Discuss effective strategies and best practices for nurses to navigate cultural diversity in international healthcare environments, emphasizing the importance of cultural competence, effective communication, and respectful care.
• Nursing Leadership in Global Healthcare Organizations: Examine the leadership skills and competencies required for nurses to succeed in global healthcare organizations, focusing on aspects such as cross-cultural leadership, strategic decision-making, and managing international teams.
• International Collaborative Research in Nursing: Explore the benefits and challenges of international collaborative research projects in nursing, discussing the importance of knowledge exchange, research ethics, and the potential impact on healthcare outcomes.

Organizational Behavior Essay Topics

Organizational behavior studies the behavior of people and organizations in the workplace. Here are some topics to create a thorough business essay example:

• The relevance of leadership and management in organizational behavior.
• The impact of motivation theories on business performance.
• Diversity management strategies in organizational behavior.
• The impact of workplace stress on employee performance and mental health.
• Effective communication strategies in organizational behavior.

Trending Business Essay Topics for Exam

Here are some current business essay topics ideas that are likely to be examined in exams:

• The Rise of E-commerce: Transforming Traditional Retail
• Sustainability and Corporate Responsibility: Balancing Profit and Environmental Impact
• The Gig Economy: Redefining Employment Relationships
• The Role of Big Data Analytics in Business Decision-Making
• The Influence of Artificial Intelligence (AI) on Business Operations

Good Business Essay Example

If you are one of those students who don't need business essays and need college essay writing services you've come to the right place too. Our professional writers have done it for you. In the next section, you can explore a business essay example.

Final Words

With our comprehensive list of business essay topics ideas, we've laid the foundation for your inspiration to take flight. With your chosen topic in hand, you're now prepared to conquer the world of business essays and create a masterpiece that will captivate your readers and leave them amazed. So, take the leap and let your business essay reach new heights of excellence!

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Now, are you looking for answers to common questions about business essays? In this FAQ section, we address some of the most frequently asked questions to help you navigate the world of business essay writing.

What to Consider When Choosing the Best Business Essay Topics?

Why is writing a business essay important.

Annie Lambert

specializes in creating authoritative content on marketing, business, and finance, with a versatile ability to handle any essay type and dissertations. With a Master’s degree in Business Administration and a passion for social issues, her writing not only educates but also inspires action. On EssayPro blog, Annie delivers detailed guides and thought-provoking discussions on pressing economic and social topics. When not writing, she’s a guest speaker at various business seminars.

is an expert in nursing and healthcare, with a strong background in history, law, and literature. Holding advanced degrees in nursing and public health, his analytical approach and comprehensive knowledge help students navigate complex topics. On EssayPro blog, Adam provides insightful articles on everything from historical analysis to the intricacies of healthcare policies. In his downtime, he enjoys historical documentaries and volunteering at local clinics.

Starting a Business Essay – How to Start

• To find inspiration for your paper and overcome writer’s block
• As a source of information (ensure proper referencing)
• As a template for you assignment

Introduction

Market analysis, competition analysis, factors or costs, calculating the set up costs and the working capital, measurements, conclusions and recommendations, reference list.

The desire for one to employ him or herself is a dream that many people try to achieve in the early stages of life but how one can be his or her own boss depends on many factors. Starting up an own business is one of the few ways in which one can achieve this but creating a successful business requires a good combination of a good idea and the driving power to do it.

A successful business requires skills, experience, and ability to make a dream come true as most of the times it involves personal sacrifice particularly during the start up stage. When starting up a business it is necessary to conduct a feasibility study on how successful the business is likely to be under the existing conditions. The objective of this research is investigating how feasible and profitable is it to start a new business. The feasibility study involves among others the following:

The question that comes to one’s mind when starting a business is whether there is a sustainable market for the product or service you want to offer.

Before one starts a business there is need to investigate whether there is a sustainable market for the goods or services that one wants to offer by assessing the consumers of your products, how many they are and the form they want the product to be in, the price the customers might be willing to pay for your products and whether the market is a permanent one or a seasonal one and the existence of both supplementary and complementary products to your goods and services.

After assessing the above and deeming the results positive then you can move into the next step of investigating who your competitor will be in the market.

Satisfaction that you have a reliable market is just the first step in the business development process. After you are satisfied that a reliable market exists, the availability of the market and the possible rivals you are likely to face in the market becomes the next big issue. This is done by analyzing who the direct and indirect competitors are.

The direct competitors are those individuals selling similar products as yours. A deeper knowledge of what they offer, charge, what they do well, and what they are not and the existence of any gaps that you may use to woo customers on your side is very important. Indirect competitors are those other business players who deal with complimentary products to the goods and services you want to offer.

The importance of studying these indirect competitors is that they may be a distraction to your customer pool by offering cheaper complementary products and thus causing a shift from your products to their products thus the necessity. After you have done the above analysis and the playground seems comfortable the next question that comes into your mind is how affordable the enterprise is.

Among the worst mistakes that any business entrepreneur can make is underestimating the start up costs and the operating capital required to run the business until the break-even position is achieved. It is always important to make accurate estimates as sources of extra capital in future may be limited. For example if one wants to start a French beans importing business it is very important to make accurate estimates of the required capital both for starting up to the point where the business will break even.

Realistic forecasts boosts one’s confidence and the ability to meet own commitments. When you set the required costs straight it means you won’t require extra capital after the business has started and thus there are chances that the business may run successfully without shortages in the required running capital.

There are many types of costs that a business entrepreneur incurs in the process of starting a business and they include costs of sales, professional costs, administrative costs, transaction costs classified as either fixed or variable costs among others as indicated by Webber (n.d).

With the available cost on one side and the costs that may be incurred on one side, calculating the initial costs gives one a chance to consider the items which are of high necessity and giving them higher priorities compared to those lowly placed depending on the capital available. Accurate estimates reduce the gap between the real budget and the expected budget and thus placing the business in a comfortable position (Anon, 2009).

The working or operating capital is the amount of money needed to keep the business running. For a sustainable business one has to allocate enough working capital in order to ensure the business runs successfully. It is important to factor out the fixed and the variable costs so as to know the required capital.

Fixed Costs

Fixed costs are the fixed expenses the business has to incur irrespective of the sales made. The costs required when investing in the fixed assets such as the cost of machinery or the cost of land among others.

Machinery or plant costs: these are the costs required to buy the required machinery if the business demands one.

Land costs: these are costs of buying the piece of land or paying for the rent if you are leasing the land.

Stock costs: these are the costs required for buying the initial purchases which will be needed by the business.

Variable costs

These are the costs related to the delivery of one’s product or service. These costs usually relate to the activities going on within the business. They include;

Transaction costs: these are the costs which the business will incur during the negotiation process.

Administration costs: these are the costs which the business will have to incur when enquiring about any expertise information that may be required. Others include what the authority will charge you in order to issue you with a license allowing you to start the business.

Wages: the costs incurred when paying the workers or your own salary. Wages vary with the size of the business and the ongoing activities.

Costing and Pricing

When setting prices it is advisable for one to set prices which can cover the costs of production in addition to generating some profit. The business owner should take into consideration the costs which will be incurred during the start up and the running process so as to ensure the product set prices covers everything.

Other costs which should also be taken into consideration are the hidden costs (Garrison, Noreen & Brewer, 2006). Hidden costs are those costs which are incurred during the process of conducting the business such as the transportation cost or the transaction costs many people do not include them but to know the real business situation, it is always advisable to include them.

The involved costs will be measured in terms of dollars by measuring the expected costs and benefits and then estimating how long it will take to reach break even point. The break even point is that time when the costs are equal to the benefits and the business is neither incurring profits nor losses. It indicates the costs have all been covered and it is a very helpful point in knowing how long the business will take before it can cover all the costs so as to allocate enough running capital to the business (Holland, 1998).

Cost Benefit Analysis

Evaluating quantitatively whether to start the business:

The last step in doing a feasibility test involves calculating the costs and the benefits involved in what is referred to as cost benefit analysis. The method involves simply adding up the value of benefits and then dividing with the costs involved in order to know how long it should take before the business breaks even (Nas, 1996).

A business man is deciding whether to start a business of importing French beans from Africa. The following are the costs he is likely to incur:

Pay back time: (8000/10500) = 0.7619048.

It will take approximately 9 months to reach the break even point.

From the above analysis we can summarize by indicating that the above business idea has got higher chances of succeeding. If the entrepreneur would like to reach break even point faster he should find ways of reducing transaction costs or search for more market opportunities in order to increase the revenue earned reducing the fraction further.

When starting a business, there are different types of cost that one must incur before the business can succeed. It is very important to calculate all the estimated costs that may be required in order to avoid surprises. Ensure you have enough capital to help you run the business until it has grown to fund for its own expenses. It is always advisable to talk with the people in the industry and enquire for as much information as important as it may be.

The support of the family is another vital factor that I can recommend for anyone starting the business so that incase of failure at least you may have somewhere to run to. Many people, as they start businesses, do not assess their emotional ability of dealing with some of the challenges that may come up during the start up stage and thus since there will always be the discouragements and the disappointments, prepare yourself psychologically for any outcome.

Anonymous, (2009). Helping people build businesses based on good ideas and clear goals . New Zealand Trade and Enterprise. Web.

Garrison, R; Noreen, E; Brewer, P. (2006). Pricing decisions and cost management. Web.

Holland, R. (1998). Break Even Analysis . Web.

Nas, F.T. (1996). Cost Benefit Analysis: Theory and Application . New York: Sage Publications.

Webber, A. (Not Dated). Estimating Startup Costs for a New Business . Web.

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Business Essay | Essay on Business for Students and Children in English

February 13, 2024 by Prasanna

Business Essay: The act of making one’s living by earning money through the process of buying and selling different kinds of products is called business. Business is based on the foundation of profit and loss; thus, the success or failure of a business has a broad spectrum of variations.

The term business also sometimes refers to a ‘company.’ But, business as a generalized term can refer to the work of a street peddler to the ownership of a multinational company.

You can also find more  Essay Writing  articles on events, persons, sports, technology and many more.

Long and Short Essays on Business for Students and Kids in English

We provide students with essay samples on long business essay of 500 words and short essay of 150 words on the same topic for reference.

Long Essay on Business 500 Words in English

Long Essay on Business is usually given to classes 7, 8, 9, and 10.

Business is a very demanding profession that has broadened and popularized over the years. A business requires high skills of management, teamwork, patience, mental strength, and effectiveness of work. A person should be mentally prepared to accept the fall of a business at any point of time in their life since it is not always secure. But, if planned properly, with help from the expertise and patiently blossomed over the years, then a business has a greater rate of success.

A business generally works with the coordination of several activities. Accounting, financial management, manufacturing, marketing, research and development, safety, and sales management are the various components that need to be tended to while running a good business with the aim of success. Investors, creditors, and regulators play a pivotal role in the profit of a business. Generally, there are four main types of businesses, which include sole proprietorships, partnerships, limited liability companies (LLC), and corporations. Before initiating a business, the entrepreneurs should carefully consider which structure is best suited for their enterprise.

Factors affecting the state of a business are the size and scope of a business firm, the sector and country, tax advantages, disclosure and compliance requirements, control, and coordination requirements. Businesses cover a wide field of jobs including, agriculture, financial services, entertainment companies, industrial manufacturers, real estate, transportation, sports, utilities, retailers, wholesalers, and distributors.

Business benefits employment generation. Business is important for generating employment as it provides jobs to several people in the form of managers, clerks, salesman, and more. Businesses use the scarce resources available and convert them into valuable products that fulfill a utility and sell them to the public. Thusa business is helpful in optimum utilization of resources. Businesses also help in improving communication between nations through foreign trade and therefore help in improving relations between nations.

Setting up a business not only makes one independent but also gives one a certain lifestyle. A successful business provides financial rewards, creative freedom, and personal satisfaction. The success of a business brings in a person self-confidence and motivation. In recent years, E-business has popularized greatly. Online business gets benefits from the government as the government is trying to promote digitalization. E-business is often very advantageous, as it gets easier to reach a larger audience and also can be conducted at any time. Small start-up businesses are often initiated online and are established once they gain minimum customer popularity.

The involvement of time and regions makes it the biggest disadvantage of a business plan. When a business set up does not have enough money or expertise to make a proper business plan, the business ends up suffering more than gaining. Certain businesses are region and climate bound and thus have to concentrate their sales at a particular place or time and are incapable of expanding. Such businesses are often harder to handle and needs to be planned carefully and tactfully. A business often starts with a small idea or inspiration. It is important to cultivate the creativity in a person and be well informed before putting the creativity into action.

Short Essay on Business 150 Words in English

Short Essay on Business is usually given to classes 1, 2, 3, 4, 5, and 6.

Business is the act of making a living by earning money by the process of buying and selling products. A small idea or inspiration, when slowly nurtured over the years carefully and strategically planned and set up, turns out into a successful business set up. Millions of large- and small-scale businesses are run all over the world every year to make a proper lifestyle.

The benefits of business include providing employment, optimum utilization of resources, and communication between nations, financial gain, building self-confidence, and securing the future. Often a single business is taken over generations of a family and becomes integrated into their identities. E-business has popularized in recent years with a high success rate. The downfall of a business can result in a huge loss and mental breakdown. Hence, it is always important to be well versed about the factors affecting a business and advised to consider suggestions from expertise.

10 Lines on Business in English

• Business is set up on the foundation of profit and loss and can be risky if not well planned.
• The business employs a lot of people.
• Businesses help polish personal skills such as teamwork, self-confidence, and management.
• Businesses often provide optimum utilization of resources.
• E-business is an ideal form of start-up business supported by the government.
• Patience is essential to setting up a successful business, and a plan should never be hurried.
• Businesses provide a lifestyle and a secure future.
• A business is an amalgamation of several activities such as accounting, finance, manufacturing, etc.
• A lot of time should be invested in research and planning before setting up a business.
• A business often uses the mode of reuse and recycles and thus is economically quite beneficial.

FAQ’s on Business Essay

Question 1. What is business loyalty?

Answer:  On business is a loyalty program for small businesses by British Airways where one earns points while booking travel, which can be redeemed for free flights and upgrades.

Question 2. What is the first step in starting a business?

Answer:  Technically, the first step in starting a business is investing.

Question 3. Do businesses have a global benefit?

Answer:  Businesses help in improving communication between nations and thus does have a global impact.

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How to Write a Definition Essay

Last Updated: January 27, 2024 Fact Checked

This article was co-authored by Alexander Ruiz, M.Ed. . Alexander Ruiz is an Educational Consultant and the Educational Director of Link Educational Institute, a tutoring business based in Claremont, California that provides customizable educational plans, subject and test prep tutoring, and college application consulting. With over a decade and a half of experience in the education industry, Alexander coaches students to increase their self-awareness and emotional intelligence while achieving skills and the goal of achieving skills and higher education. He holds a BA in Psychology from Florida International University and an MA in Education from Georgia Southern University. There are 12 references cited in this article, which can be found at the bottom of the page. This article has been fact-checked, ensuring the accuracy of any cited facts and confirming the authority of its sources. This article has been viewed 454,423 times.

A definition essay requires you to write your own definition of a word. The definition must be thorough and well supported by research and evidence. You may have to write a definition essay for a class or try it as a writing challenge to help improve your English skills. Start by selecting and defining the word. Then, create a draft that presents a detailed definition using references and sources. Polish the essay when you are done so it flows well and does not contain any grammatical errors.

Selecting the Word

• You can also pick a concept like “Success,” “Friendship,” or “Faith.”
• Concepts like “Pain,” “Loss,” or “Death” are also good options.

• You can try taking a concrete object and using a similar word to make it more open-ended. For example, the word “house” is concrete and obvious. But the word “home” is more open-ended and allows you to create your own definition of the word.

• For example, you may choose a word like “success” because you are familiar with the word and feel you may have a lot to say about what it means to be successful or to feel success in your life.

• For example, you may choose a word like “pain” because you feel there are a variety of meanings for the word based on who you talk to and how they experience “pain” in their lives.

Defining the Word

• For example, if you look up the word “justice” in the dictionary, you may get this definition: “noun, the quality of being just; righteousness, equitableness, or moral rightness.”
• You can then determine that “justice” is a noun and can be compared to other terms like “righteousness” and “moral rightness.”

• For example, you may look up the word “justice” in an online encyclopedia that focuses on philosophy or law. You may then find information on Western theories of justice and how it became an important concept in Western history and the legal system.

• Look on academic search engines like Google Scholar, JSTOR, and ProQuest for scholarly articles.
• You can also look for educational videos that have been made about the word on YouTube and other video websites.

• “What comes to mind when you think of the word?”
• “How do you feel about the word on a personal level?”
• “How do you interact or deal with the word?”
• “What does the word mean to you?”
• Take notes or record the interviews so you can use them as sources in your essay.

• For example, you may write: “Justice, a quality or trait where you act in a morally right way.” Or you may write: “Justice, a concept in the legal system where the fair or equitable thing is done, as in ‘justice has been served.’”
• It's important to have tact and tread carefully here. It's important to preface your own definition of the word, making it clear that's a personal opinion. Make sure not to create the misconception that your own definition is the accepted or official one.
• At the end of the day, your objective should be to write the actual definition, and not an opinion essay.

Creating an Essay Draft

• Your thesis statement should appear in the introduction and conclusion section of your essay.

• For example, you may write, “According to the Oxford Dictionary, justice is a noun, and it means: the quality of being just; righteousness, equitableness, or moral rightness.”

• For example, you may have a thesis statement like, “According to my research and my personal experiences, justice is a quality or trait where you act in a morally correct way.”

• For example, you may write, “Justice comes from the Latin jus , which means right or law. It is a commonly used concept in politics, in the legal system, and in philosophy.”

• For example, you may discuss how justice works as a noun or an idea in politics, the legal system, and in philosophy. You may also discuss what the “quality of being just” means in our society.

• For example, you may talk about how justice is similar and also not quite the same as words like “righteousness” and “equitableness.”
• You can also discuss words that mean the opposite of the term you are defining. For example, you may contrast the word “justice” with the word “injustice” or “inequality.”

• For example, you may write, “On a personal level, I view justice as an essential concept” or “Based on my own experiences, I think justice is blind and often does not serve those who need it the most.”
• You can also include personal experiences of the word based on interviews you conducted with others.

• Make sure you follow your instructor’s preferred citation style, such as MLA , APA , or Chicago Style .

• Look at the first sentence in each section of the paragraph to help you gather your main points.
• Include a last sentence that has a strong image or that describes a key phrase in your essay.

Polishing the Essay

• You should also check for any spelling, grammar, or punctuation errors in the essay.

• Be open to constructive criticism from others and take their feedback to heart. It will only make your essay better.

• If there is a word count or a page count for the definition essay, make sure you meet it.
• Include a reference page at the end of the essay and a cover page at the beginning of the essay, if required.

Expert Q&A

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Expert Interview

Thanks for reading our article! If you'd like to learn more about writing essays, check out our in-depth interview with Alexander Ruiz, M.Ed. .

• ↑ https://owl.excelsior.edu/rhetorical-styles/definition-essay/
• ↑ https://open.lib.umn.edu/writingforsuccess/chapter/10-6-definition/
• ↑ https://quillbot.com/courses/introduction-to-college-level-academic-writing/chapter/how-to-write-a-definition-essay/
• ↑ https://examples.yourdictionary.com/definition-essay-examples-and-topic-ideas.html
• ↑ https://owlcation.com/humanities/How-to-Write-a-Definition-Essay-from-Multiple-Sources
• ↑ https://academichelp.net/academic-assignments/essay/write-definition-essay.html
• ↑ https://owl.purdue.edu/owl/general_writing/common_writing_assignments/definitions.html
• ↑ https://owl.excelsior.edu/rhetorical-styles/definition-essay/definition-essay-techniques/
• ↑ https://quillbot.com/courses/rhetorical-methods-based-essay-writing/chapter/how-to-write-a-definition-essay/
• ↑ https://wts.indiana.edu/writing-guides/using-evidence.html
• ↑ https://writingcenter.unc.edu/tips-and-tools/reading-aloud/
• ↑ https://owl.purdue.edu/owl/general_writing/the_writing_process/proofreading/steps_for_revising.html

About This Article

To write a definition essay, choose a word that describes a concept or idea. Look up the dictionary definition, the origin of the word, and any scholarly essays or articles that discuss the word in detail, then use this information to create your own definition. When you write your paper, introduce the term and the standard dictionary definition of the word, followed by a thesis stating your own definition. Use the body of the paper to include historical information and explain what the word means to you, then conclude by restating your thesis. For tips on picking your word, keep reading! Did this summary help you? Yes No

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Essay on Business: Meaning, Characteristics, Components and Objectives

Essay on Business! Read this essay to learn about:- 1. Short Essay on Business 2. Characteristics of Business 3. Classification 4. Role of Profit 5. Changing Concept 6. Objectives 7. Processes 8. Techniques of Finding New Business Ideas 9. Need for Ethical Considerations 10. Social Responsibility 11. Changing Environment.

Essay on Business

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Essay Contents:

• Essay on the Changing Environment of Business

1. Short Essay on Business:

Business represents an organised effort by an individual or group of individuals engaged in making a living. It, therefore, includes all those activities which involve production or purchase of goods or rendering of certain services with the object of selling them at a profit. It is expected of business to provide goods and services to the society in an effective manner.

That is, while it should aim at earning profit, it should also keep in view the interest of its customers who should feel satisfied after they have purchased goods or services from it. Only then, a business can survive and flourish.

Though the term ‘business’ has been defined by different authors in their own ways, there is not much difference in the essence of their definitions.

For example- according to Urwick and Hunt, “Business is any enterprise which makes, distributes, or provides any article or service which other members of the community need and are able and willing to pay for.”

Almost the same views have been expressed by Davis when he defines business as “the organised effort by individuals to produce goods and services, to sell these goods and services in market place, and to reap some reward for this effort.”

Thus, business, on the one hand, aims at earning profit for itself and, on the other, it provides required goods and services to the members of the society at a price that they can afford. Therefore, Davis and Blomstorm are very right when they say, “Business comprises all profit-seeking activities and enterprises that provide goods and services necessary to an economic system.” Thus, while profits are a primary mechanism for motivating business activities, meeting needs of the people is one of the main objectives of business.

Business is the economic pulse of a nation, striving to improve the society’s standard of living. Thus, business means the total enterprise of a country in manufacturing, industry, finance and commerce. It may be public enterprise or a private enterprise or the like.

2. Essay on Business: Characteristics of Business:

For any activity to be called business, it must possess the features as given below:

1. Economic Activity:

Business is solely an economic activity as it involves buying and selling of goods and services for the purpose of profit-making and creating wealth. Non-economic activities such as serving the poor, cooking for one’s family and attending religious gatherings are not called business because they are not performed with the objective of earning wealth.

2. Dealings in Goods and Services:

A crucial aspect of business is production or purchase of goods and services for selling them to earn profit by satisfying human wants. The goods and services are of two types – Consumer goods which are meant for direct consumption by the ultimate consumer like coffee, soap, biscuits, shampoo etc. and Producer goods which are utilised in the production of consumer or capital goods such as machinery, raw materials, and industrial chemicals.

Services can be classified as intangible goods such as transportation, banking, insurance, warehousing, communication etc. Services clear the way for buying and selling of goods by removing various hurdles in business.

3. Continuity in Dealings:

The sale and exchange of goods and services become a business activity only if there is regularity of dealings. A single or isolated transaction cannot be called business. For example, if Caryn gives her old books to poor school- going children, it won’t be called a business activity. However, if Caryn sets-up a shop to sell old books in exchange of money, it becomes business.

4. Profit Motive:

Profit earning is the main aim of business. It lends continuity to business. Profits ensure the growth and survival of business in the long-run. However, profit should not be earned through unlawful, unethical and unfair means.

5. Sale, Transfer or Exchange:

A business cannot function without sale, transfer or exchange of commodities or services for some monetary consideration. In business, goods and services are delivered to those who need them and are ready to pay for them. For instance, if the owner of a toy shop, Mr. X, gifts a toy to his son, it is not business. But, if he sells the toys to a customer at his shop, in exchange of money, it can be called as business.

6. Creation of Utilities:

Utility means the value or usefulness received by a purchaser in return for exchanging money for the producer’s goods or services. Business makes goods more useful for others by adding time, place, form and possession utilities to them. It transports goods where they are available in excess to the place of scarcity (place utility). It also makes goods available for usage in future by storing them in warehouses (time utility). Thus, everyone is able to satisfy wants and needs in an efficient and economical manner.

7. Element of Risk:

Risk in the context of business is used to denote the uncertainty of making profit or possibility of suffering loss. Risk is an inseparable part of business. However, the reward is a positive outcome of bearing risk. Change in demand, changes in fashion or consumer taste, competition, government policies, economic recession etc. are the main causes behind creation of business risk.

Losses are also incurred by business due to natural calamities such as earthquake, tsunami, floods, strike by employees, theft, fire, inappropriate usage of company funds etc. Though various types of business risks can be avoided by correct forecasting and insurance but it is not possible to completely eliminate all risks.

8. Art As Well As Science:

Business is an art because it involves application of creative skills, ideas and experiences to achieve the desired goals. It is also a science because it is based on certain laws and principles.

3. Essay on Business: Classification :

We may classify business activities into two categories. In the first category we can group all the business activities relating to production. Similarly, all the activities relating to exchange may be grouped under the second category. The first category is known as ‘Industry’, while the second category is called as ‘Commerce’.

(i) Industry :

Industry refers to that part of business activities which is concerned with the production of want-satisfying goods through utilisation of available material resources. Industry utilises the natural resources and brings them into the form useful for final consumption or further use.

It means that industrial activity aims at ensuring the supply of goods in that form which suits the objects, needs and convenience of the persons expected to use them. Thus, industry creates the form utility to goods.

There is another explanation for industry:

Under this explanation, industry means a group of factories usually specialising in a particular product line. For example, all the factories which produce cloth are collectively called the textile industry.

Classification of Industry :

The three main sectors of the industry are:

a. Primary Sector- extraction of raw materials – mining, fishing and agriculture.

b. Secondary/Manufacturing Sector- concerned with producing finished goods, e.g., factories making toys, cars, food, and clothes.

c. Service/’Tertiary’ Sector- concerned with offering intangible goods and services to consumers. This includes retail, tourism, banking, entertainment and I.T. services.

A primitive economy will primarily be based on the primary sector – with most people employed in agriculture and the production of food.

As an economy develops, improved technology enables less labour to be needed in the primary sector and allows more workers to produce/manufacture goods. Further development enables the growth of the service sector and leisure activities.

a. Primary Sector :

The primary sector is sometimes known as the extraction sector – because it involves taking raw materials. These can be renewable resources, such as fish, wool and wind power or non-renewable resources, such as oil extraction, mining for coal.

In the 1920s, over one million people were employed in the UK coal industry. It was a key part of the economy. However, improved technology and the growth of other energy sources have seen a dramatic decline in this primary sector industry.

b. Secondary or Manufacturing Industry :

The manufacturing industry takes raw materials and combines them to produce a higher value added finished products. For example, raw sheep wool can be spun to form a better quality wool. This wool can be threaded and knitted to produce a jumper that can be worn.

Initially the manufacturing industry was based on labour intensive ‘cottage industry’ e.g., hand spinning. However, the development of improved technology, such as spinning machines, enabled the growth of larger factories. Benefiting from economies of scale, they were able to reduce the cost of production and increase labour productivity. The higher labour productivity also enabled higher wages and more income to spend on goods and services.

c. Service/Tertiary Sector :

The service sector is concerned with the intangible aspect of offering services to consumers and business. It involves retailing of the manufactured goods. It also provides services, such as insurance and banking. In the twentieth century, the service sector has grown due to improved labour productivity and higher disposable income. More disposable income enables more spending on ‘luxury’ service items, such as tourism and restaurants.

(ii) Commerce :

In simpler terms commerce can be defined as all functions connected with the buying and selling of goods and services. In other words, commerce deals with the movement of goods from the men who produce them (the producers or the manufactures) to the men who ultimately consume them (the ultimate consumers).

It is the function of commerce to provide the connecting link between producers and consumers. Therefore, such commercial activities connected with production, distribu­tion and consumption etc., are called commercial activities.

4. Essay on Business: Role of Profit in Business:

Earning money is the primary motivator for any economic activity including business. A business should earn sufficient profit so as to cover its expenses and accumulate enough funds for its expansion and growth.

The following features highlight the role of profit in business:

1. Survival:

The main objective of a business enterprise is to gather enough funds for its survival in the market and to thrive in the long-run. In case the organisation falls short of enough profits, it will be forced to consume its capital, and eventually shut shop. Profits are helpful in surviving trade cycles and other unforeseen events. They are also required in maintaining factors of production like labour, land and machinery.

2. Expansion and Growth:

Profits are essential for expansion and growth of the business enterprise. They are a great source of self-financing. As business is dynamic in nature, it needs to bring changes in its business strategies. All this is possible only when a business earns sufficient profits.

3. Measuring of Efficiency:

The success of a business is measured in terms of the profit it makes. The higher the profits, the more efficient a business is. Thus, it is the parameter on which success of a business is measured.

4. Reward for Risk:

Business risk means the possibility of reaping lower profits or losses due to change in government policies, changing tastes of consumer etc. Every businessperson bears risks while carrying out business activities. Profit is the reward an entrepreneur gets for bearing the risks in running a business. Without reaping profits, no businessperson would be motivated to take risk.

5. Reputation and Goodwill:

A profitable business enterprise enjoys more goodwill as compared to the one incurring losses. It attracts resourceful staff and investors who are willing to pool in their capital. Moreover, a profit-making company can easily avail loans from banks and obtain credit for further expansion.

Objections against Profit Maximisation:

Profit-making is the main driver and an indispensable part and parcel of a business enterprise. However, it should not be the only pursuit of a business.

The profit maximization suffers with the following objections or drawbacks:

1. Indulgence in Malpractices:

Businesspersons aiming to maximize profit tend to resort to socially unfair means like overpricing, black-marketing, hoarding, adulteration etc. They may get obsessed with profit-making and consider it the ideal aspect of business.

2. Results in Exploitation:

Overambitious businesspersons aiming to earn more profits may exploit their employees by offering less pay and no hike in the remuneration. They may even make the employees work for long hours to derive maximum benefit for profit-maximisation. In addition, business enterprises longing for more profits may exploit natural resources such as trees, water bodies, mineral deposits etc.

For example- in 2015, many top Realtors in the National Capital Region (NCR) were found to be illegally extracting ground water for construction purposes. Some famous industrial giants were also booked for flouting the norms by extracting ground water for packaging mineral water bottles to be sold in the market.

3. Profit-Making At the Cost of Business:

The ambition to earn more and more profit may blind the businesspersons to such an extent that they may even put the welfare of business at stake. They may spend less money on Research and Development (R&D), employee training, procure cheap raw materials and ignore long-terms investments for the business firm. These actions are bound to have detrimental consequences on the enterprise sooner or later. Consequently, it may have adverse impact on the economic growth of the country.

4. Lack of Interest in Social Responsibility:

Business being a social institution has obligations towards the society. In the words of Howard R. Bowen, “social responsibility refers to the obligations (of businessmen) to pursue those policies, to make those decisions or to follow those lines of action which are desirable in terms of the objectives and values of our society.” Over-emphasis on profit-making may derail the businesspersons from taking a balanced approach of doing business. They may overlook their social responsibilities in order to fulfill their ambitions for business growth.

Therefore, it is in the long-term interest of the business to follow the idea of profit- making through honest means to serve all the stakeholders such as the founders, shareholders, investors, consumers, government and the society.

5. Essay on Business: Changing Concept of Business:

Business and society are closely inter-related with each other and therefore, there is a great interaction between the two. Business influences the various elements of the society which, in turn, affect business. Although business activities also affect social outlook, values, attitudes, customs, way of thinking, etc.

Yet it the reason that there has been a change in the concept and objectives of business as follows:

1. ‘Profit’ Concept of Business (Old Concept of Business):

Initially business was considered to be a commercial activity aiming at making of profits or organisations formed to make a profit. Profit maximisation was considered to be the basic objective of every organisation. It conforms to the views of Frankin G. Morse when he says, “We are in business not for steel making, not for shipbuilding, not for construction of buildings but for earning profit.” Profit was considered to be the sole objective of business.

2. ‘Profit-cum-Service’ Concept/Modem Concept/ ‘Business as a Social System’ Concept:

Till around 1950 or so, business was concerned with two main features was replaced by ‘Profit-cum-Service’ concept which stated that the aim of business is to make a better product at a competitive price. The result should be customer satisfaction and profit to shareholders.

3. ‘Profit-through-Service ‘Concept/Modern Concept/’/Business as a Social System ‘Concept:

Till around 1950 or so, business was concerned with two basic objectives, viz:

(i) Provision of goods and services to satisfy customer needs and desires, and

(ii) Securing of profits for the owners of business. But since 1950, people have questioned whether customer need satisfaction and economic profit are the only corporate objectives. Today, there are many organisations which take ‘profit-making’ as a secondary objective. Not only this, there are some organisations, especially in the public sector, and government under­takings whose main consideration is to serve the community even if they have to run at a loss.

The modern outlook is that business should not serve the interest of businessmen and customers alone but also maximise the interest of the nation and its economy. Modern view indicates that the present society has many groups and all of them have a stake or interest in business enterprise. Therefore, the business should take care of all these sections of the society. Instead of behaving like a ‘BigBrother’ business should serve the society.

Due to the above thinking, today business is regarded as an integral part of the social system. A ‘System’ conveys the idea that everything is inter-related and inter-dependent. A system is usually dependent on the orderly functioning of other sub-systems for its harmonious and continuous action. A system becomes ‘social system’ when it relates to people.

It normally aims at seeking certain human objectives like running a business for providing goods or services to the society and for earning profit. In this sense, business is also a social system having production, finance, personnel, marketing, etc., as its sub-systems. Each of those sub­systems, in turn, is composed of further sub-systems.

An organisation can function effectively only when each of its sub­systems operate in a coordinated, balanced and integrated manner. Today, it is well recognised that the direction of business is important to the public welfare, that businessmen perform a social function. “According to Davis and Blomstorm also, business is “a social institution, performing a social mission” and having a broad influence on the way people live and work together.”

The main characteristics of business as a social system are as follows:

1. Business is a system having its own sub-systems:

Every system is a part of larger system, which again is a part of an even larger system, and so on, until all related parts have been joined in terms of the largest known system. In this way, something is a ‘whole system’ from one point of view but a ‘sub-system’ from a larger point of view. Thus, business is a ‘whole system’ having production, marketing, finance, personnel, etc., as its sub-systems each of whom has its own function and simultaneously is inter-related with and inter-dependent on one another to make business a ‘whole system’.

2. Business interacts with its external environment:

No business can run in isolation. It has to interact with other business organisations and social groups. All business organisation are open systems and, therefore, inter-connected with other social groups existing in their external environment.

3. Business is a dynamic social system having stabilising tendencies:

Every social system is related to people who are living, active and dynamic creatures. There is always an element of change and uncertainty in their actions. Therefore, every social system has to be dynamic to face challenges posed by varying human behaviour. Despite the inconsistencies both in the internal and external environment, a business organisation has to maintain equilibrium by coordinating both the internal and external forces just as an ocean remains quiet despite stormy waves, moving sea-life, merging rivers, etc.—all of which operate in a balanced manner.

4. Social Values:

Like other social systems, business also develops certain values which are derived from various sources like the mission of the business as a social institution, the country in which the business is conducted, the nature of employees, the philosophy of the management, etc. Such social values serve as a guide for employees’ decisions in the interests of business and also act as potential motivators for people in a business.

5. Viability:

According to Davis and Blomstorm, viability implies the “drive to live and grow,” to “accomplish a problem potential objective not yet reached” and to “achieve all that a living system is capable of becoming.” Every business needs a drive and spirit of its own to make it a positive actor on the societal stage rather than a reactor or a reflector. It must contribute its share of forces to its environment rather than merely adjust itself to outside forces.

6. Public Visibility:

It involves the extent to which an organisation’s activities are known to outside public. Acts can be judged only if they are known. Therefore, the significance of public visibility is that it subjects business activities to public examination, discussion and judgment. For example, if we find that poisonous gases are being released by a particular factory, only then we can criticise or react to it.

7. Business is related to people:

Another important feature of business is that it is related to people. It has been rightly observed that business is by the people and for the people.

Thus, we see that business is related to people and it being an open system interacts with different components of its external environment including the society and, therefore, affects the society and, in turn is affected by the society.

6. Essay on Business: Objectives of Business :

Objectives give purpose and direction to the work of all employees. They indicate the broad limits within which action is to be taken. They serve as media by which multiple interests are channeled into joint effort. Therefore, identification of objectives of business is a must if it is to be managed well. Objectives contribute to management process and they influence the size and charter of organisation, its policies, personnel interests, type of leadership find managerial control. They are the very basis of management philosophy.

Different authors have classified business objectives in different way.

However, for convenience sake, we classify the business objectives as follows:

1. Primary Objectives:

i. Survival and Growth of Business and Profit to Shareholders:

Every enterprise wants not only just to stay in business but also to grow and prosper. It looks forward to extension, development and improvement of its efficiency. For all this, it has to take risks. Hence, it is essential to provide for risks which are possible only through aiming at profits.

Therefore, profitability is the basic economic objective for the survival and growth of an enterprise.

Earning profit as one of the objectives of business can be justified because profit is necessary:

(i) To pay fair return to shareholders for their investment,

(ii) To retain some earnings for re-investment which is necessary for its growth, and

(iii) Profit is the index of efficiency of an enterprise.

ii. Service to Customers:

One of the primary objectives of an organisation is to supply economic goods and services of good quality, in adequate quantity and at reasonable prices. If an enterprise has to survive and flourish, it will have to ensure consumer satisfaction to the highest degree possible.

2. Social Objectives:

i. Employees’ Satisfaction:

Each employee strives for the accomplishment of certain individual goals like good pay, promotion, participation in management, sharing of profits, recognition of his personality, etc. The organisation can expect willing and effective cooperation from its employees only when it takes care of goals of its employees. Thus, goals of individuals should become organisational goals. There should be a perfect integration between these two types of goals.

ii. Service to Community and to Society in General:

Today, a business organisation is considered not only as an economic institution but also as a social institution and a living organ of the society. As it has to perform both the economic and a social function, it is responsible for economic result and also for social contribution. Today business is supposed to take care of different sections of the society. It has to bother for public opinion also.

Therefore the main objectives of a business enterprise under the present head can be:

1. Maintenance of regular and adequate supply of goods and services of good quality at reasonable prices.

2. Customer-oriented marketing approach.

3. Assisting in the development and promotion of amenities in the locality, e.g., medical facilities, educational facilities, etc.

4. Protecting environment front pollution.

5. Contribution to the well-being and uplift of the community or society at large.

6. Donations for public welfare projects.

7. To contribute to national goals.

Social objectives can enable the organisation to build up its public image and promote its goodwill.

iii. Observance of Governmental Regulations:

A business organisation is supposed to observe all rules and regulations framed by the government. For example- in India there are a large number of Acts, passed by the government, for their implementation by the business organisation. It should pay all dues, taxes and duties, etc., to the local, state and central government whenever due.

iv. Ethical Behaviour:

A business enterprise should be bound by certain ethical (moral) principles. It should have certain rules of conduct which should reflect its responsibility and dignity. It should conduct itself in a way which should not be detrimental to the interests of the society or the organisation itself.

Thus, the main objectives of a socially responsible business should be to strengthen itself and simultaneously take due care of different sections of the society who have any stake whatsoever in business.

7. Essay on Business Processes:

A lot of operational problems and errors arise in businesses because of the haphazard and non-uniform manner in which various operations are carried out. To solve such a problem, a Standard Operating Process (SOP) document or Operations Manual must be prepared to list down all the steps involved in every process.

E.g. how the company processes a sales order. If the entire sales process is not designed and communicated properly to all involved in the process, there are chances that different people in the team may follow different steps in executing a sales order. This may result into confusion, errors, delays and bad experience for the customers.

The development of the Operations Manual which covers all processes within a company can be approached by examining the department KRAs of the company. Generally, there should be a Standard Operating Process for each department KRA. It may be quite elaborate or just a few steps. Preparing SOP for each department KRA may lead to the creation of the Operations Manual of the company.

Here are some questions for some common business processes. These questions are only indicative and are presented here to give a direction towards setting up the process. Answering these and similar additional questions which may be applicable to your business will lead to the documentation of the process in question.

1. Sales Process :

How will a customer give an order?

Which details must be included in the order received?

Who will receive and check the order received?

What are the criteria for checking the order? (Product names/codes, quantity, rate, delivery date, dispatch preferences etc.)

Who will authorize the dispatch against the order?

What are the criteria for such authorization?

Is there any credit limit check done before the order is processed? How and by whom?

Where will the order be recorded?

How will the material be prepared and packed? Who will inform whom and how?

How will the delivery challan/bill/invoice be made? When and who will make it?

How will the material be dispatched?

How the customer will be intimated about the status of the order (Dispatched/partly-dispatched/delayed). Who will inform and how?

How the payment will be received?

2. Purchase Process :

Who will start the purchase process by raising a requisition or an indent?

Which details will be required on the requisition?

Who will check and authorize the requisition?

Who will prepare, send and keep track of the Purchase Orders?

How will suppliers be paneled for regular purchases?

How will a supplier be chosen for a particular purchase, if it is not a regular purchase?

In which cases a quotation/pro-forma invoice must be received? How many?

Who will receive and check the material purchased?

How will the discrepancies in quantity, quality, rates etc. be resolved?

Which documents will go back to the sender?

Which documents will be given to our accounts department for payment processing?

3. Payment Process :

How will the accounts department keep track of payables?

What will be the authorization required for various types of payments?

How and when will the discrepancies, without resolving which the payment cannot be released, be resolved?

With respect to due date, when will we make the payment?

How many different payment modes will we use to make supplier payments? (E.g. Cash, Cheque, Demand Draft, Bank Transfer, Credit Card etc.)

4. Inventory Management Process :

How will the various items in our store be classified?

How will they be named?

Will there be any codes assigned to them?

Where and how will they be stored?

How will the incoming and outgoing items be recorded?

How will the minimum stock levels and minimum reorder levels of various items be determined?

How frequently the purchase indent will be raised?

How frequently stock reviews will happen?

When will physical stock verification be done?

What will be the method to resolve the discrepancies between physical stock and recorded stock?

5. Sales Return Process :

How can the customers return the material sold to them? Which procedure do they need to follow?

What will be the terms and conditions for accepting these sales returns? (E.g. Days of sale, condition of goods, shipping charges etc.)

Who will authorize or approve the sales return?

Who will record the sales return transaction?

Which documents or entries will be generated?

Who will be intimated about the sales return (e.g. representatives from accounts, stores, sales etc. departments)

Who will verify the goods received back?

Who will finalize the rates of these goods received back?

6. Purchase Return Process :

How can we return the material to the suppliers? Which procedure should be followed?

Who will initiate or authorize/approve such a purchase return?

Who will record the purchase return transaction?

Who will be intimated about the purchase return (e.g. representatives from accounts, stores, purchase etc. departments)

Who will verify the goods being sent back?

Who will coordinate with the supplier and confirm the receipt of sent goods at the supplier’s end?

How will the credit amount for the returned goods be recovered?

7. Salary Calculation and Disbursement Process:

When will the calculation of salary of the month begin?

Which departments will be involved in the process?

Till which date of leaves will it consider? (Sometimes, leave data up to 25th of the current month is considered and the leaves from 26th onwards are considered in the next month calculation. This is done to facilitate timely calculation for disbursement of salary on the first day of the next month).

How will the advance taken by the employee and his loan repayment installment be considered in the calculation?

Who will prepare the calculation?

Who will check and approve it?

How will the salary be disbursed? (Cash, cheque, bank transfer etc.)

How will the employee’s acknowledgment be taken?

Who will attend to and resolve the employee queries post disbursement?

Remember, the above list is primary and given only for demonstrative purpose to give an idea about process development. It must be developed as per your company’s operations. In real practice, each of these processes may be divided into smaller processes, e.g.

A sales process may be divided into order, shipping/dispatch and collection processes.

A purchase process may be divided into purchase requisition, ordering and material receiving processes.

8. Essay on Business: Techniques of Finding New Business Ideas:

Business ideas are all within everyone and within the environment. Some of these business ideas emanate from analysis of market and consumer needs, while others emanate from a long research process. But the truth still remains that business opportunities are abound. Following are sources of small business ideas and opportunities.

(i) Look within and Examine Skills, Talent and Passion:

In fact, one of the first places to start when looking for business ideas or opportunities is to look within. Most people miss this greatest source of business ideas because of ignorance, laziness and self-doubts.

(ii) Keep up with Current Events and Take Advantage of Business Opportunities:

Societal happenings, events and trends are also sourc­es of business ideas. If one reads and watches news regularly and having the conscious intent of discovering business ideas, there are many business opportunities that will generate.

(iii) Invent a New Product or Service:

With a creative mind one can invent product or services that have never existed in the past. To develop a creative mind, one needs a mindset or perception that sees beyond problems. To develop winning ideas, there is a need to concentrate on a specific target market and analyze and brainstorm business ideas for services that the group would be interested in.

(iv) Add Value to an Already Existing Product:

The uniqueness be­tween raw wood and finished lumber is a nice instance of putting a product through an additional process which maximizes its value, but additional processes are not the only way that value can be added. For this one has to look beyond the lines.

Ask following questions:

a. What are those products you use, that could be improved upon?

b. Which industry things are poorly done?

If answers to such questions are found, a profitable business can be easily created.

(v) Franchising:

A franchise is just an arrangement whereby the’ manufacturer or the sole distributor of a trademark, product or service grants exclusive rights for local distribution to independent retailers in return for their payment of conformity and royalties in order to standardize operating procedures.

Franchising can become a source of business opportunities. Good companies or products that exist in other countries but are not operating in the home country, can purchase a franchise to that product and become a pioneer in home country.

(vi) Mass Media:

The mass media is a wonderful source of information, ideas and often opportunities. Magazines, TV stations, Cable networks, radio, newspapers and internet resource sites are all instances of mass media.

(vii) Exhibitions, Expos and Trade Shows:

Another means to discover business ideas and opportunities is to attend exhibitions and trade fairs. These are usually advertised on the radio or in newspapers. By visiting such events regularly, you will not only find out new products and services, but you will, as well, meet sales representatives, wholesalers, distributors, manufacturers and franchisers. These are always excellent sources of ideas in business.

(viii) Industrial Surveys:

The main point for a new business idea should be the customer. The needs and wants of the customer, which will provide the rational for a product or service, can be analyzed or ascertained through a survey. Such a survey may be conducted for­mally or informally by speaking to people; usually through interviews or using a questionnaire or through observation.

(ix) Listen to Customers Complaints:

Complaints and frustrations on the part of customers have led to many new products or services. Whenever consumers complain badly or bitterly concerning a product or service then, there is a potential for a business idea. The idea can be to set up a rival company offering a better product or service, or it may be a new product or service which can be sold to the company in question or to others.

(x) Brainstorming:

Brainstorming is a creative problem-solving technique, and also a source for generating ideas. The object is to arrive with as many ideas as possible. It usually begins with a question or problem statement. Each idea can lead to one or more additional ideas, resulting in a good number of ideas. In short, this process involves engendering a huge number of solutions for a specific problem/idea with emphasis being on the number of ideas.

(xi) SCAMPER:

It is an idea generation technique that utilizes action verbs as stimuli. It is a well-known kind of checklist developed by Bob Eberie that assists the person in coming up with ideas either for modifications, that can be made on an existing product or for making a new product. SCAMPER is an acronym with each letter standing for an action verb which in turn stands for a prompt for creative ideas.

S – Substitute

C – Combine

P – Put to another use

E – Eliminate

R – Reverse

(xi) Mindmapping:

Mindmapping is a graphical technique for imagining connections between various pieces of information or ideas. Each fact or idea is written down and then connected by curves or lines to its minor or major fact or idea, thus building a web of relationships. It was developed by Tony Buzan, a UK researcher which he discussed in his book ‘Use your Head’ (1972). Mind mapping is utilized in brainstorming, project planning, problem solving and note taking to enable sharing of concepts and ideas.

(xii) Synectics:

Synectics is a creative idea generation and problem solving technique that arouses thought processes that the subject may not be aware of. It is a manner of approaching problem-solving and creativity in a rational manner. It was developed by William J.J. Gordon and George M. Prince.

(xiii) Storyboarding:

Storyboarding has to do with developing a visual story to explain or explore. Storyboards can help creative people represent information they gained during research. Pictures, quotes from the user, and other pertinent information are fixed on cork board, or any comparable surface, to stand for a scenario and to assist with comprehending the relationships between various ideas.

(xiv) Role Playing:

In the role playing technique, each participant can take on a personality or role different from his own. As the technique is fun, it can help people reduce their inhibitions and come out with unexpected ideas.

(xv) Attribute Listing:

Attribute listing is an analytical approach to rec­ognize new forms of a system or product by identifying/recognizing areas of improvement. To figure out how to enhance a particular product, it is broken into parts, physical features of each component are noted, and all functions of each component are explained and studied to see whether any change or recombination would damage or improve the product.

(xvi) Visualization:

Visualization is thinking of challenges visually so as to better comprehend the issue. It is a process of incubation and illumination where the participant takes a break from the problem at hand and concentrates on something wholly different while his mind subconsciously continues to work on the idea.

This grows into a phase of illumination where the participant suddenly gets a diversity of solutions and he /she rapidly writes them down, thereby creating fresh parallel lines of thought.

(xvii) Morphological Analysis:

Morphological analysis aims at recognizing the structural aspects of a problem and studying the relationships among them. It involves imagining the proposed problem and also imagine the probable solution. In doing so, many times, a novel idea occurs and the solution is found.

(xviii) Forced Relationships:

It is an easy technique involving the joining of totally different ideas to come up with a fresh idea. Though the solution may not be strictly unique, it frequently results in an assortment of combinations that are often useful. A lot of products we see today are the output of forced relationships such as a digital watch that also has a calculator, musical birthday cards etc.

Most of these ideas may not be revolutionary discoveries but they are still advantageous products and usually have a prospective market in society. Robert Olson provided an example for forced analogy in his book ‘The Art of Creative Thinking.

(xix) Daydreaming:

Daydreaming is truly one of the most fundamental ways to trigger great ideas. It enables a person to establish an emotional connection with the problem, which is beneficial in terms of coming up with a wonderful idea.

The fo­cus of productive daydreaming is a particular goal irrespective of whether it seems to be an impractical task. If the Wright brothers had not let their imagination run wild, thinking about flight, no one would have been flying.

(xx) Reverse Thinking:

As the term ‘reverse thinking’ itself suggests, instead of adopting the logical, normal manner of looking at a challenge, you reverse it and think about opposite ideas as it easier to produce ideas for the ‘negative challenge’ simply because it is much more fun. However, too much time should not be wasted on the reverse idea-generation. After one session is over, it can be continued in the reverse idea atmosphere with a new challenge

(xxi) Questioning Assumptions:

By questioning assumptions, at every step of service or product development, planners can actually enable the birth of fresh possibilities and ideas. The participants should start by settling on the framework for the creative challenge.

After this, they should produce 20 to 30 assumptions irrespective of whether they are true or false. The next step is to select several assumptions from the many generated, and utilize them as idea triggers and thought starters to engender fresh ideas.

(xxii) Accidental Genius:

Accidental genius is a relatively new technique that utilizes writing to trigger the best ideas, content and insight.

(xxiii) Brainwriting:

Instead of asking the participants to shout out ideas as in case of brainstorming, they are told to pen down their ideas pertaining to a specific problem or question on sheets of paper, for a small number of minutes. After that, each participant can pass their ideas over to someone else.

This someone else, reads the ideas on the paper and adds some new ones. Following another few minutes, the individual participants are again made to pass their papers to someone else and so the process continues. After about 15 minutes, someone else can collect the sheets from them and post them for instant discussion.

(xxiv) Wishing:

This technique begins by asking for the unattainable and then brainstorming ideas to make it or at least an approximation of it, a reality. Start by making the wishes tangible. There should be collaboration among the members of the team to produce 20 to 30 wishes pertaining to the business. The more bizarre the idea, the better it would be. There should be no restrictions on thinking.

(xxv) Socializing:

Socializing in the context of ideation can also be about talking to others on topics that have nothing whatsoever to do with the present problem. Even such persons can come out with bright ideas.

(xxvi) Collaboration:

As the term indicates, collaboration is about two or more people joining hands in working for a common goal. Designers frequently work in groups and engage in collaborative creation in the course of the whole creative process.

9. Essay on Business: Need for Ethical Considerations in Business Enterprises :

The term ‘business ethics’ came into common use in the United States in the early 1970s. By the mid-1980s at least 500 courses in business ethics reached 40,000 students, using some twenty textbooks and at least ten casebooks. The Society for Business Ethics was started in 1980. Firms started highlighting their ethical stature in the late 1980s and early 1990s,

The term Ethics comes from the Greek word ethos, which means “character”.

Ethics, also known as moral philosophy, is a branch of philosophy that involves systematizing, defending and recommending concepts of right and wrong conduct. Ethical behaviour is characterized by honesty, fairness and equity in interpersonal, professional and academic relationships and in research and scholarly activities. Ethical behaviour respects the dignity, diversity and rights of individuals and groups of people.

Business ethics are implemented in order to ensure that a certain required level of trust exists between consumers and various forms of market participants with businesses. For example, a portfolio manager must give the same consideration to the portfolios of family members and small individual investors. Such practices ensure that the public is treated fairly.

Business Enterprises must be ethical towards the following partners :

A business enterprise needs to be ethical towards Customers, employees, Government, Society, shareholders, third parties, competitors, women employees, minority communities and all genders.

These have been briefly, discussed below:

(i) Customers:

A business can be ethical towards customers by giving them good quality product/service, promised quantity, fair price and hindrances free after sale service. The advertisements should not be misleading.

(ii) Employees:

Employees must be given fair wages and all welfare activities should be carried on by the business to support employee cause. Use of child labour and forced labour should not be resorted to by the business. Efforts must be made by the business to keep the morale high of the employees. No Violation of the basic rights of workers should be done.

(iii) Government:

In order to be ethical towards the government, the business must pay all taxes in time and must carry on a legal business without violating any sections of any acts in force.

(iv) Society:

Every business takes all the resources from the society therefore it has a moral obligation to discharge social responsibilities, in order to be fair and ethical towards the society. Health, safety and environmental standards must be maintained by all businesses.

(v) Shareholders:

Many unethical companies take the shareholders for a ride by giving them wrong information or hiding information from them. In fact the board of directors, who are responsible for running the affairs of the company, are required to be ethical to­wards shareholders as they are the real owners of the share capital of the company.

(vi) Third Parties:

Third parties such as the Bankers, Financial institutions, debenture holders etc., must be treated fairly by the company. Window dressing by companies is a typical unethical behaviour.

(vii) Competitors:

Though it is a famous saying in business that “all is fair in love, war and business”, but it does not imply that the business should aim to ‘kill, crush, conquer’ competition by treating them as enemies. The competitor’s product or service should not be projected in a negative light, at the time of advertising.

(viii) Women Employees:

With the growing cases of crime against women, it has become the moral duty of the employer to treat women employees with respect and take all measures to ensure their safety. Cases of sexual harassment should be dealt with severely.

(ix) Minority Communities:

The employer has to adopt a just and balanced approach for all, and make sure that there is no oppression of minority communities.

(x) All Genders:

It is also unethical to treat people differently on the basis of gender. This sensitization has to come especially when many countries are making laws for third gender, so that they are also treated as part of the society.

10. Essay on Business: Social Responsibility:

Social responsibility means – ‘responsibility towards society’. Since business organizations are a part of society, they carry a responsibility towards it. At the first instance, talking about social responsibility seems to be making charities for social causes. But the concept of social responsibility of business is much wider.

Being socially responsible means responsible for fairness in the dealings with customers and suppliers, responsible towards employees in providing them good working conditions, responsible towards protection of environment by controlling the polluting wastes, responsible for providing safe and standard good and services, responsible enough not to harm public, and so on.

Following are some examples of areas of social responsibility of business:

1. Consumers – Product information. Fair advertising and packaging, product safety and quality. Service, warranties, guarantees.

2. Environment – Control of air, water, and solid waste pollution. Conservation of energy and other resources. Minimizing noise, odor, and visual pollution.

3. Individual – Fair employment and non-discriminatory practices. Affirmative action. Employee rights of speech, privacy, and safety.

4. Community-Corporate giving and community involvement. Urban development, job training, support of education and the arts, cooperating with local Govern­ment.

5. Government – Obeying laws and regulations. Cooperating with local, state, and central government to deal with social issues.

6. Society (at large) – Corporate governance; role of board, dealings with shareholders and other interested groups. Stand on national and international issues.

Understandable as a concept, but the question is – do business organizations recognize and adopt their responsibility? Earlier, the commercial organizations used to operate with the sole objective of earning profits. But over the years, the business entity has become not only our most important economic institution but also a major force for social change.

The reason is twofold, one, the economic institutions have become a major source of power and influence, and community has become conscious towards the role of business.

Some of the drivers pushing business towards socially respon­sible attitude are:

1. Shrinking Role of Government:

In the past, governments have relied on legislation and regulation to deliver social and environmental objectives in the business sector. Shrinking government resources, coupled with a distrust of regulations, has led to the exploration of voluntary and non-regulatory initiatives instead.

2. Demands for Greater Disclosure:

There is a growing demand for corporate disclosure from stakeholders, including customers, suppliers, employees, com­munities, investors, and activist organizations.

3. Increased Customer Interest:

There is evidence that the ethical conduct of companies exerts a growing influence on the purchasing decisions of customers.

4. Growing Investor Pressure:

Investors are changing the way they assess companies’ performance, and are making decisions based on criteria that include ethical concerns.

5. Competitive Labour Markets:

Employees are increasingly looking beyond pay­checks and benefits, and seeking out employers whose philosophies and operating practices match their own principles. In order to hire and retain skilled employees, companies are being forced to improve working conditions.

6. Supplier Relations:

As stakeholders are becoming increasingly interested in business affairs, many companies are taking steps to ensure that their partners conduct themselves in a socially responsible manner. Some are introducing codes of conduct for their suppliers, to ensure that other companies’ policies or practices do not tarnish their reputation.

Note that Corporate (business) social responsibility promotes a vision of business accountability to a wide range of stakeholders, besides shareholders and investors. Key areas of concern are environmental protection and the wellbeing of employees, the community and civil society in general, both now and in the future.

Nevertheless, many companies continue to overlook their social responsibility – for example by importing and retailing timber that has been illegally harvested. While governments can impose embargos and penalties on offending companies, the organi­zations themselves can make a commitment to sustainability by being more discerning in their choice of suppliers.

11. Essay on Business: The Changing Environment in Business :

In order to drive successfully to the future, firms will need to take a fresh look at all the aspects of their business particularly along the three key dimensions of strategy, organisation and leadership. The starting point will be to understand which way the future will move in general as well as in industry-specific terms. The path breaking work of Alvin Toffler, Charles Handy, John Naisbitt and Lester Thurow provide a glimpse of the unfolding future and identify the specific factors that need to be addressed for maintaining industry leadership.

Toffler mentions about increasing “demassification” and predicts that mass market will be splitting into a large number of mini-markets that will demand more options, models, types, sizes, etc. Handy points out the declining longevity of every institution and advices the need for greater flexibility in organisation and management processes, rooted in a core set of activities and competencies.

He also perceives that to manage the emerging uncertainly, firms will need to give more importance to people with intellectual brilliance and sophistication, and that unless organisations are willing to give’ more power-vis-a-vis the top management and share- holders-to those who possess intellectual capital, it will not be possible to hedge against future risks.

Naisbitt puts forward the view that large firms who are able to organise themselves as a collec­tion of self-managed units organically networked to each other, will dominate the future. According t0 him, such units which have the speed and flexibility of small companies with the resource backup of the large firms, will be able to create differentiation continuously by their sheer speed of innova­tion.

The picture of the fit tree, as drawn by Naisbitt, is one that will be dominated by small and medium-sized companies; even in highly capital intensive industries, the scale will have to be brought down to an appropriate level which will be smaller but more powerful than the scale conventionally thought of.

He also predicts the gradual emergence of the huge, single market economy, thanks to the revolution achieved in telecommunication but believes that there will be two specific phenomena which both companies and individuals will have to live with. First of these two is the strong need for global integration for greater economies of scale; while the second is the all-out efforts of individual societies and countries to stick to their own culture and basic identity. To reconcile these apparently diverse requirements and become successful in the future, companies will need to reconfigure them­selves into small, fast moving outfits.

Lester Thurow observes that the 21st century will be characterised by an intense head-to-head competition among firms, and that the basis of this competition will not be such factors as natural resources or factory strength but the ‘brain power’ of the people capable of developing new materials and processes. This implies that competition may occur at any place and from anywhere, not neces­sarily confined to the resource base and strengths of existing firms.

He believes that given this future scenario, niche competition-which emphasises a win-win pattern of behaviour-will be replaced by head-to-head competition. The key to face this new development will be to ensure the right education and skill for the workforce and to make the latter capable of operating low-cost high-tech processes and innovating new products.

The four authors point towards the emergence of an environment that will be very different from what individual and companies have seen till date. Markets are getting increasingly ‘demassified’ and different sources of competition are likely to come up from countries and organisations that had not been thought of as possible even a few years ago.

The new basis of competitive advantage will not be the natural resources or traditional strengths, but the brainpower or intellectual capital of the people. The organisation of the future in order to survive and grow in the new environment will have to become more flexible in terms of both configuration and size and there will be a greater thrust on networking that will transcend the legal boundaries of firms. 

Related Articles:

• Business: Meaning, Characteristics and Objectives
• Business Objectives: Organizational, Social and Personal Objectives
• State Enterprises: Meaning, Characteristics and Objectives
• Should Business Firms assume Social Responsibilities? – Best Answer!

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What Is Business Ethics?

Understanding business ethics, why is business ethics important, types of business ethics.

• Implementing Good Business Ethics
• Monitoring and Reporting

The Bottom Line

What is business ethics definition, principles, and importance.

Yarilet Perez is an experienced multimedia journalist and fact-checker with a Master of Science in Journalism. She has worked in multiple cities covering breaking news, politics, education, and more. Her expertise is in personal finance and investing, and real estate.

Business ethics is the moral principles, policies, and values that govern the way companies and individuals engage in business activity. It goes beyond legal requirements to establish a code of conduct that drives employee behavior at all levels and helps build trust between a business and its customers.

Key Takeaways

• Business ethics refers to implementing appropriate business policies and practices with regard to arguably controversial subjects.
• Some issues that come up in a discussion of ethics include corporate governance, insider trading, bribery, discrimination, social responsibility, and fiduciary responsibilities.
• The law usually sets the tone for business ethics, though doing the bare minimum is generally frowned upon.
• Developing ethical models and practices can boost a company's revenues, profits, and share price.

Investopedia / Katie Kerpel

Business ethics ensure that a certain basic level of trust exists between consumers and various forms of market participants with businesses. For example, a portfolio manager must give the same consideration to the portfolios of family members and small individual investors as they do to wealthier clients. These kinds of practices ensure the public receives fair treatment.

The concept of business ethics began in the 1960s as corporations became more aware of a rising consumer-based society that showed concerns regarding the environment, social causes, and corporate responsibility. The increased focus on "social issues" was a hallmark of the decade.

Since that time, the concept of business ethics has evolved. Business ethics goes beyond just a moral code of right and wrong; it attempts to reconcile what companies must do legally vs. maintaining a competitive advantage over other businesses. Firms display business ethics in several ways.

Business ethics ensure a certain level of trust between consumers and corporations, guaranteeing the public fair and equal treatment.

Principles of Business Ethics

There are generally 12 business ethics principles:

• Leadership : The conscious effort to adopt, integrate, and emulate the other 11 principles to guide decisions and behavior in all aspects of professional and personal life.
• Accountability : Holding yourself and others responsible for their actions. Commitment to following ethical practices and ensuring others follow ethics guidelines.
• Integrity : Incorporates other principles—honesty, trustworthiness, and reliability. Someone with integrity consistently does the right thing and strives to hold themselves to a higher standard.
• Respect for others : To foster ethical behavior and environments in the workplace, respecting others is a critical component. Everyone deserves dignity, privacy, equality, opportunity, compassion, and empathy.
• Honesty : Truth in all matters is key to fostering an ethical climate. Partial truths, omissions, and under or overstating don't help a business improve its performance. Bad news should be communicated and received in the same manner as good news so that solutions can be developed.
• Respect for laws : Ethical leadership should include enforcing all local, state, and federal laws. If there is a legal grey area, leaders should err on the side of legality rather than exploiting a gap.
• Responsibility : Promote ownership within an organization, allow employees to be responsible for their work, and be accountable for yours.
• Transparency : Stakeholders are people with an interest in a business, such as shareholders, employees, the community a firm operates in, and the family members of the employees. Without divulging trade secrets, companies should ensure information about their financials, price changes, hiring and firing practices, wages and salaries, and promotions are available to those interested in the business's success.
• Compassion : Employees, the community surrounding a business, business partners, and customers should all be treated with concern for their well-being.
• Fairness : Everyone should have the same opportunities and be treated the same. If a practice or behavior would make you feel uncomfortable or place personal or corporate benefit in front of equality, common courtesy, and respect, it is likely not fair.
• Loyalty : Leadership should demonstrate commitment to their employees and the company. Inspiring loyalty in employees and management ensures that they are committed to best practices.
• Environmental concern : In a world where resources are limited, ecosystems have been damaged by past practices, and the climate is changing, it is of utmost importance to be aware of and concerned about the environmental impacts a business has. All employees should be encouraged to discover and report solutions for practices that can add to damages already done.

There are several reasons business ethics are essential for success in modern business. Most importantly, defined ethics programs establish a code of conduct that drives employee behavior—from executives to middle management to the newest and youngest employees.

When all employees make ethical decisions, the company establishes a reputation for ethical behavior. Its reputation grows, and it begins to experience the benefits a moral establishment reaps, such as:

• Brand recognition and growth
• Increased ability to negotiate
• Increased trust in products and services
• Customer retention and growth
• Attracting talent
• Attracting investors

When combined, all these factors affect a business' revenues. Those who fail to set ethical standards and enforce them are doomed to eventually find themselves alongside Enron, Arthur Andersen, Wells Fargo, Lehman Brothers, Bernie Madoff, and many others.

There are various types of business ethics. What mainly makes a business stand out are its corporate social responsibility practices, transparency and trustworthiness, fairness, and technological practices.

Corporate Social Responsibility

Corporate social responsibility (CSR) is the concept of meeting the needs of stakeholders while accounting for the impact meeting those needs has on employees, the environment, society, and the community in which the business operates. Finances and profits are important, but they should be secondary to the welfare of society, customers, and employees. In fact, studies have concluded that corporate governance and ethical practices increase financial performance.

A greater focus on business ethics is an expense that tends to pay off. Over time, it boosts revenues and limits damaging lawsuits.

Transparency and Trustworthiness

It's essential for companies to ensure they are reporting their financial performance in a way that is transparent. This not only applies to required financial reports but all reports in general.

Most of these reports outline not only the submitted reports to regulators, but how and why decisions were made, if goals were met, and factors that influenced performance. CEOs write summaries of the company's annual performance and give their outlooks.

Press releases are another way companies can be transparent. Events important to investors and customers should be published, regardless of whether it is good or bad news.

Technological Practices and Ethics

The growing use of technology of all forms in business operations inherently comes with a need to ensure the technology and information being gathered is used ethically. Additionally, it should ensure that the technology is secured to the utmost of its ability, especially as many businesses store customer information and collect data that those with nefarious intentions can use.

A workplace should be inclusive, diverse, and fair for all employees regardless of race, religion, beliefs, age, or identity. A fair work environment is where everyone can grow, be promoted, and become successful in their own way.

How to Implement Good Business Ethics

Fostering an environment of ethical behavior and decision-making takes time and effort and starts at the top. Most companies need to create a code of conduct/ethics, guiding principles, reporting procedures, and training programs to enforce and encourage ethical behavior.

Once conduct is defined and programs are implemented, continuous communication with employees becomes vital. Leaders should constantly encourage employees to report concerning behavior. Additionally, there should be assurances that whistle-blowers will not face adversarial actions.

A pipeline for anonymous reporting can help businesses identify questionable practices and reassure employees that they will not face any consequences for reporting an issue.

Monitoring and Reporting Unethical Behavior

To prevent unethical behavior and repair its adverse side effects, companies often look to managers and employees to report any unethical acts they observe or experience. However, barriers within the company culture (such as fear of retaliation for reporting misconduct) can prevent this from happening.

Published by the Ethics & Compliance Initiative (ECI), the annual Global Business Ethics Survey reaches out to thousands of employees in 42 countries about various ethics-related topics, including the strength of the ethics culture in their workplace, whether they have witnessed any misconduct where they work, and if their employer is making efforts to promote integrity.

In the 2023 survey, published in May 2024, 65% of the employees surveyed said they had observed at least one act deemed to be a violation of their organization’s standards or the law in the past 12 months and 72% of them said they had reported it. Worryingly, 46% of these employees then went on to admit that they had been retaliated against for raising concerns.

Indeed, fear of retaliation is one of the primary reasons employees cite for not reporting unethical behavior in the workplace. ECI says companies should work toward improving their corporate culture by reinforcing the idea that reporting suspected misconduct is beneficial to the company. Additionally, they should acknowledge and reward the employee's courage in making the report.

Business ethics concerns ethical dilemmas or controversial issues faced by a company. Often, business ethics involve a system of practices and procedures that help build trust with the consumer. On one level, some business ethics are embedded in the law, such as minimum wages, insider trading restrictions, and environmental regulations. On another, business ethics can be influenced by management behavior, with wide-ranging effects across the company.

What Are Business Ethics and Example?

Business ethics guide executives, managers, and employees in their daily actions and decision-making. For example, consider a company that has decided to dump chemical waste that it cannot afford to dispose of properly on a vacant lot it has purchased in the local community. This action has legal, environmental, and social repercussions that can damage a company beyond repair.

What Are the 12 Ethical Principles?

Business ethics is an evolving topic. Generally, there are about 12 ethical principles: honesty, fairness, leadership, accountability, integrity, compassion, respect, responsibility, loyalty, respect for the law, transparency, and environmental concerns.

Business ethics concerns employees, customers, society, the environment, shareholders, and stakeholders. Therefore, every business should develop ethical models and practices that guide employees in their actions and ensure they prioritize the interests and welfare of those the company serves.

Doing so creates a positive work environment and builds trust with consumers and business partners, which can all contribute to higher revenues and profits.

Ethics & Compliance Initiative. " Timeline of Business Ethics and Compliance ."

New York University Stern Center for Sustainable Business. " ESG and Financial Performance: Uncovering the Relationship By Aggregating Evidence From 1,000 Plus Studies Published Between 2015 – 2020 ."

Washington State University. " 3 Reasons an Ethical Business Leads to Profits ."

Ethics & Compliance Initiative (ECI). " The Global Business Ethics Survey ."

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Does The SBA Consider Your Company A Small Business?

Updated: Mar 14, 2023, 2:53pm

Whether the U.S. Small Business Administration (SBA) considers your company a small business impacts your eligibility for various federal loans and other business tools. Without this designation, you won’t qualify for SBA loans, certain government contracts, grants and other government-backed financing tools.

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What Is Considered a Small Business by the SBA?

Generally speaking, a small business is one with 500 or fewer employees. However, the SBA also defines small businesses differently based on the number of employees a company has or their average annual receipts, which varies by industry. What’s more, there are several footnotes to the SBA size table—for example, the size of a financial institution is designated based on the value of its assets.

• Employee calculations. The SBA calculates a business’s employees by taking the company’s average number of employees for each pay period over the business’s latest 24 calendar months. An employee is anyone who’s on the payroll—even if they work part-time or have temporary status.
• Annual receipt calculations. Annual receipts are a company’s gross income minus the cost of goods sold, but calculations ultimately depend on their purpose. For example, annual receipts for purposes of federal contracting are based on an average of the business’s latest five full fiscal years. For SBA loans, calculations may be based on three or five years of average receipts. Companies that haven’t been in business for five years can multiply their average weekly revenues by 52 to calculate average annual receipts.

Note: If a business has affiliate businesses that are economically dependent on each other, it must consider the average annual receipts or the number of employees for all of these other businesses when calculating size.

In addition to business size, the SBA also considers several other factors when determining if a company qualifies as a small business, including whether the business is:

• Based in the U.S.
• Operates primarily in the U.S.
• Independently owned and operated
• A minority company in its larger industry

Definition of a Small Business by Industry

For purposes of SBA size designation, industries are defined by the North American Industry Classification System (NAICS) codes. This six-digit code determines the NAICS size standard that applies to businesses—whether based on number of employees or average annual receipts.

Here are the SBA’s size standards for some major industries:

• Offices of lawyers. $15.5 million
• Offices of Certified Public Accountants. $26.5 million
• Advertising agencies. $25.5 million
• Offices of real estate agents and brokers. $15 million
• Bed and breakfast inns. $9 million
• Full-service restaurants. $11.5 million
• General automotive repair. $9 million
• Pet care services (except veterinary). $9 million
• Independent artists, writers and performers. $9 million
• New car dealers. 200 employees
• Used car dealers. $30.5 million
• New housing for-sale builders. $45 million
• Land subdivision. $34 million
• Wheat farming. $2.25 million
• Logging. 500 employees
• Sawmills. 500 employees
• Natural gas extraction. 1,250 employees
• Solar electric power generation. 250 employees
• Electric power distribution. 1,000

These aren’t all of the industries defined by the SBA, so check out the SBA’s complete Table of Small Business Size Standards for a complete list. Because the standard is industry-specific, some companies that seem like large organizations are still designated small businesses by the SBA.

For example, a company engaged in the pipeline transportation of crude oil with 1,500 or fewer employees meets the SBA’s size requirements for a small business. On the other hand, a fuel dealer can only have a maximum of 100 employees to be considered a small business.

Why Does the SBA’s Size Definition Matter?

The goal of the SBA is to protect and promote the success of small businesses in the U.S. By defining what constitutes a small business in each industry, the SBA identifies which businesses should benefit from the services and financing opportunities the SBA provides to help small businesses thrive.

For example, being a small business means a company is eligible for SBA-backed business loans in addition to other small business loans . The designation can also help small businesses win government contracts and gain access to tools that make it easier to compete against larger businesses in the economy as a whole—not just at the community level.

Being designated a small business can also help socially and economically disadvantaged business owners succeed. The SBA provides entrepreneurs with counseling and workshops and helps them connect with federal buyers.

4 Advantages of Being Classified as a Small Business

Being classified as a small business by the SBA opens the door to a range of financial benefits and tools that aren’t available to larger companies. In addition to being eligible for SBA and United States Department of Agriculture (USDA) loans, small businesses are more likely to get government contracts and grants. Eligible business owners can also take advantage of additional tax incentives and business resources that are reserved for small businesses.

These are some of the main advantages of being classified as a small business:

1. Government-backed Loans

A business must meet the requirements for a small business to qualify for SBA loans and certain USDA loan programs. SBA loans, including the flagship 7(a) loan program, popular 504 loans, CAPLines and Microloans, are only available to small businesses. Likewise, loans that are part of the USDA’s OneRD Guarantee Loan Initiative are reserved for rural small businesses, agricultural producers and tribes.

2. Government Contracts and Grants

When awarding contracts, the U.S. government often favors businesses that qualify as small businesses. Many government contracting programs even set aside a certain number of contracts for small businesses. According to the SBA, 23% of all prime government contract dollars are awarded to small businesses.

Likewise, several federal grant programs are reserved for small businesses or are more likely to be awarded to small businesses. Grants like the Small Business Innovation Research (SBIR) and the Small Business Technology Transfer (STTR) programs are intended to help small firms conduct scientific research that can contribute to federal research and development objectives.

Other programs are aimed at encouraging entrepreneurs. For example, the 7(j) Management and Technical Assistance Program provides management and technical assistance and guidance to eligible small businesses.

3. Tax Incentives

Small business owners can take advantage of several tax incentives, including tax credits and standard business deductions. For example, the Small Business Health Care Tax Credit lets eligible small businesses save as much as 50% on health insurance premiums. State and local tax incentives may also be available for small businesses—though eligibility requirements may differ from those the SBA imposes.

4. Business Resources

In addition to financial benefits, companies that meet the SBA’s definition of a small business can take advantage of several resources to help them compete against larger organizations. This includes access to one of more than 75 SBA district offices and more than 900 small business development centers that offer local business assistance. Small business owners can also benefit from the SBA Office of Advocacy, certification programs, business plan guidance and other entrepreneurial resources.

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Kiah Treece is a small business owner and personal finance expert with experience in loans, business and personal finance, insurance and real estate. Her focus is on demystifying debt to help individuals and business owners take control of their finances. She has also been featured by Investopedia, Los Angeles Times, Money.com and other financial publications.