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*[https://archive.ph/4Es44#selection-232.0-249.24 Critical Success Factors]
*[https://archive.ph/4Es44#selection-232.0-249.24 Critical Success Factors]
=== Business execution ===
''See also:'' [[Business execution]]
[[Business execution]] is about the implementation of a business strategy and ensuring plans are translated into action and that business goals are achieved.
=== Key factors for success in various business industries/sectors ===
=== Key factors for success in various business industries/sectors ===
*[https://hbr.org/1985/05/how-to-write-a-winning-business-plan How to Write a Winning Business Plan], Harvard Business Review
*[https://hbr.org/1985/05/how-to-write-a-winning-business-plan How to Write a Winning Business Plan], Harvard Business Review
== E-commerce as a percentage of total commerce ==
''See also:'' [[Digital marketing]]
As of 2025, digital commerce (often measured by e-commerce sales) accounts for a significant and growing share of global retail activity. Worldwide, online retail sales represent around 20.8 % of all retail transactions according to industry projections, with this share expected to increase further in coming years.<ref>[https://www.quantumrun.com/consulting/e-commerce-sales/?utm_source=chatgpt.com E-commerce Sales Statistics 2025]</ref>
In specific markets like the United States, digital commerce penetration is slightly lower but still substantial. In Q2 2025, e-commerce made up approximately 16.3 % of total U.S. retail spending, reflecting continued adoption of online shopping and digital sales channels by consumers.<ref>[https://www.quantumrun.com/consulting/e-commerce-sales/?utm_source=chatgpt.com E-commerce Sales Statistics 2025]</ref>
== Management ==
== Management ==
[[Recruitment]] is the process of finding (identifying and sourcing) screening, shortlisting, and interviewing candidates for jobs/positions (either permanent/temporary) within an [[organization]].
[[Recruitment]] is the process of finding (identifying and sourcing) screening, shortlisting, and interviewing candidates for jobs/positions (either permanent/temporary) within an [[organization]].
== Business networking ==
== Business relationships ==
Business relationships are vital for a company's success. They are the foundation for growth, competitiveness, innovation, stability, the loyalty of customers/partners and long-term prosperity. Strong relationships with customers, employees, partners, and other stakeholders lead to increased sales volumes and market share, improved efficiency, greater innovation, and a positive reputation.
'''Articles on establishing and improving business relationships:'''
[[File:Social network diagram.png|thumbnail|350px|A fictional social network diagram]]
''See also:'' [[Business networking]]
*[https://www.indeed.com/career-advice/career-development/business-relationship 12 Ways To Build Positive Business Relationships], Indeed
*[https://www.indeed.com/career-advice/career-development/how-to-maintain-business-relationships 7 Steps To Maintain Business Relationships], Indeed
*[https://blog.hubspot.com/sales/how-to-build-business-relationships How to Build Business Relationships: 7 Key Tips & Helpful Context], Hubspot
*[https://www.forbes.com/sites/katevitasek/2024/01/24/4-simple-ways-to-strengthen-business-relationships/ 4 Simple Ways To Strengthen Business Relationships], Forbes
*[https://www.kiflo.com/blog/how-to-nail-your-first-year-as-a-partnership-manager#:~:text=What%20are%20the%20first%20steps%20to%20building,commitments%20promptly%20to%20establish%20reliability%20and%20rapport. How to Nail Your First Year as a Partnership Manager]
*[https://www.linkedin.com/pulse/how-build-business-relationships-scale-partnerships-mayur-gupta-/ How to build business relationships and scale partnerships]
*[https://www.entrepreneur.com/leadership/how-to-build-long-lasting-business-relationships/487666#:~:text=Key%20Takeaways,constructive%20feedback%20to%20strengthen%20partnerships. 8 Strategies for Building Long-Lasting Business Relationships], Entrepreneur
*[https://www.achieveunite.com/the-trust-factor-10-ways-for-fostering-strong-partnerships/ The Trust Factor: 10 Ways for Fostering Strong Partnerships]
*[https://hingemarketing.com/blog/story/5_keys_to_building_business_relationships 5 Keys to Building Business Relationships]
*[https://chatgpt.com/share/68a2c91d-31d4-8003-8ddc-9b9666100901 How to establish business relationships], AI
*[https://chatgpt.com/share/68a2c52d-685c-8003-8962-d8ce1ebe27b9 How to improve business relationships], AI
=== Business networking ===
''See also:'' [[Business networking]]
''See also:'' [[Business networking]]
== Entrepreneurship ==
== Entrepreneurship ==
[[File:Elon Musk Royal Society (crop2).jpg|thumbnail|200px|right|[[Elon Musk]] is an American entrepreneur.]]
[[Image:Jobs.jpg|thumb|right|thumbnail|175px|[[Steve Jobs]] was the entrepreneur who founded Apple. ]]
''See also:'' [[Entrepreneurship]]
''See also:'' [[Entrepreneurship]]
[[Entrepreneurship]] is the [[creativity]] of individuals to dream up and create new products that people knew they wanted or needed. It is an essential part of [[capitalism]].<ref>https://www.prageru.com/video/if-you-hate-poverty-you-should-love-capitalism/</ref> It is this ability that leads to the creating of a profitable new business venture. Someone skilled in entrepreneurship is called an [[entrepreneur]]. [[Innovation]] is also a big part of entrepreneurship. In a highly competitive world innovative ideas are what will separate the entrepreneurs from the rest. As innovation is key to create an outstanding product, strong brand and to build a customer network.
[[Entrepreneurship]] is the [[creativity]] of individuals to dream up and create new products that people knew they wanted or needed. It is an essential part of [[capitalism]].<ref>https://www.prageru.com/video/if-you-hate-poverty-you-should-love-capitalism/</ref> It is this ability that leads to the creating of a profitable new business venture. Someone skilled in entrepreneurship is called an [[entrepreneur]]. [[Innovation]] is also a big part of entrepreneurship. In a highly competitive world innovative ideas are what will separate the entrepreneurs from the rest. As innovation is key to create an outstanding product, strong brand and to build a customer network.
<ref>https://startupistanbul.com/blog/2015/03/the-importance-of-innovation-in-entrepreneurship/</ref>
<ref>https://startupistanbul.com/blog/2015/03/the-importance-of-innovation-in-entrepreneurship/</ref>
== E-commerce ==
''See also:'' [[E-commerce]]
[[E-commerce]], or electronic commerce, "is the process of buying and selling products and services online through digital platforms. It encompasses various models, including business-to-consumer (B2C), business-to-business (B2B), and consumer-to-consumer (C2C) transactions. Key benefits include expanded market reach, lower costs for businesses, and greater convenience and product choice for consumers."<ref>[https://www.google.com/search?q=ecommerce&oq=ecommerc&gs_lcrp=EgZjaHJvbWUqCggAEAAYsQMYgAQyCggAEAAYsQMYgAQyBggBEEUYOTINCAIQABiDARixAxiABDIHCAMQABiABDIHCAQQABiABDINCAUQABiDARixAxiABDIKCAYQABixAxiABDIKCAcQABixAxiABDIHCAgQABiABDIGCAkQLhhA0gEIMzU1OWowajGoAgCwAgA&sourceid=chrome&ie=UTF-8 E-commerce]</ref>
== Top reasons businesses fail ==
== Top reasons businesses fail ==