Business fundamentals jalilov Shaxzod mmr-15 what are business fundamentals?

BUSINESS FUNDAMENTALS

Jalilov Shaxzod
MMR-15

WHAT ARE BUSINESS FUNDAMENTALS?

The basic skills and concepts needed to run an organization are referred to as business fundamentals.

By fully comprehending how a business operates, you’ll have a better idea of how different business functions relate and how your decisions impact the organization as a whole.

If you want to equip yourself with the skills needed to thrive in your present role—and future ones—here are seven business fundamentals you should know.

7 BUSINESS FUNDAMENTALS PROFESSIONALS IN EVERY INDUSTRY SHOULD KNOW

1. Analytics

2. Financial Accounting

3. Economics

4. Leadership

5. Negotiation

6. Strategy

7. Global Business

1. Analytics Business analysis is a professional discipline of identifying business needs and determining solutions to business problems
3. Economics Business economics is a field in applied economics which uses economic theory and quantitative methods to analyze business enterprises and the factors contributing to the diversity of organizational structures and the relationships of firms with labour, capital and product markets
2. Financial Accounting Financial accounting is the field of accounting concerned with the summary, analysis and reporting of financial transactions related to a business.
4. Leadership Leadership, both as a research area and as a practical skill, encompasses the ability of an individual, group or organization to "lead", influence or guide other individuals, teams, or entire organizations.
5. Negotiation Negotiation is a dialogue between two or more people or parties to reach the desired outcome regarding one or more issues of conflict. It is an interaction between entities who aspire to agree on matters of mutual interest.
6. Strategy Business strategy is any course of action or set of decisions that assist business owners to achieve their set goals.
7. Global Business Global business refers to international trade whereas a global business is a company doing business across the world.

LEARNING BUSINESS FUNDAMENTALS

• Furthering your knowledge of business fundamentals can help you achieve career success, no matter your
• BUSINESS FUNDAMENTALS EVERY PROFESSIONAL SHOULD KNOW industry.