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BUSINESS PERIODIC IDEAS show you how enterprises can transform lives. Business concepts propel endeavors to success.
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A company is a legal entity composed of an association of people for commercial or industrial purposes. Three ideas underpin the modern company: joint stock ownership, limited liability, and the company as a legal personality. |
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The division of labor is the separation of tasks in an organization or group. Assigning people to specialized tasks optimizes individual talent thereby improving group efficiency. |
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The multi-divisional form (M-Form) is an organizational structure where a diversified company is separated into semi-autonomous units. The M-form frees top management from the minutia of daily operations and allows them to concentrate on corporate strategy, market positioning, and resource allocation among divisions. |
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Managerial capitalism relates to corporations that employ professional managers. Professional managers set objectives, organize activities, motivate teams, measure outcomes, and develop people in an organization. |
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Intellectual capital are the intangible assets of a company. They are the nonphysical and nonfinancial assets that command value. |
