business organization, an entity formed for the purpose of carrying on commercial enterprise. Such an organization is predicated on systems of law governing contract and exchange, …

This principle distinguishes the field of business from other fields. A drug company makes pharmaceuticals and may be interested in improving health, but it exists, first and foremost, to …

In Anglo-American common-law countries, public and private companies account for most of the business associations formed, and partnerships are entered into typically only for professional …

A corporation is a for-profit structure with a fiduciary responsibility to maximize shareholder value, while a nonprofit organization’s purpose is to advance its publicly stated mission.

Oct 8, 2025 · Business firms and other organizations rely on information systems to carry out and manage their operations, interact with their customers and suppliers, and compete in the …

Organization theory is focused on understanding how organizations work, why they come to be structured in particular ways, and why some organizations are more successful than others.

This does not mean that large business firms can influence the public in any way they choose; it is simply that they are the only institutions available to perform certain functions. Automobiles, …

A corporation is a legal form of business organization, chartered by a state, that exists as a separate entity from its owners. In the United States, the default corporate form is the C …

Organizational culture, conventionally defined as the ensemble of beliefs, assumptions, values, norms, artifacts, symbols, actions, and language patterns shared by all members of an …

A partnership is just one of the many business structures available. Learn how corporations, sole proprietorships, LLCs, and others compare in Britannica Money’s guide to business structure …