Welcome to BusinessCoachingPedia™ -- The Business Coaching Encyclopedia
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To create the most complete and definitive source of information about the past and present ofBusiness Coaching.
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To be your source for Business Coaching s related information. We will supply our visitors with up to date news, stories, and information in the Business Coaching News Links section.
Business Coaching News Links:
Former International Model and Accomplished Sales Manager Nicole...
17 Jul 2008 at 11:00pm
Along with husband, Mark Tobiassen, Nicole Tobiassen is ready for her role as an ActionCOACH in N...
Lessons meant to share
17 Jul 2008 at 1:15am
Running a lemonade stand as a youngster, San Fernando Valley native Victor Benoun learned the bas...
ActionCOACH Scott Baird is Part of the First ActionCOACH Business Coaching Fi...
16 Jul 2008 at 3:13am
Scott Baird is excited about the education process, the new working relationships with ActionCOAC...
Does Size Really Matter in Business?
15 Jul 2008 at 11:00pm
ActionCOACH helps small businesses achieve great things with limited resources - using coaching t...
Business Events Calendar
15 Jul 2008 at 4:42pm
Get the word out and target thousands in your local business community. List all of your upcoming...
ComfortStay Helps Seniors And Helps Create Senior Care Businesses
14 Jul 2008 at 4:25pm
As our loved ones get older, senior care is becoming more important. Non-medical home care is gro...
Companies making news
13 Jul 2008 at 9:52pm
NAI Farbman , a full-service real estate organization based in Southfield, completed the lease of...
Southwest Florida Business Briefs: July 14, 2008
13 Jul 2008 at 2:46pm
Johnson Engineering has named Jonathan L. Romine, RLA, as the director of the Landscape Architect...
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Business Coaching:
The practice of providing support and advice to an individual or group in order to help them recognise ways in which they can improve the effectiveness of their business. It can be provided in a number of ways, including one-on-one tuition, group coaching sessions and large scale seminars. Business coaches are often called in when a business is perceived to be performing badly, however many businesses recognise the benefits of business coaching even when the organisation is successful.
Business coaching is not the same as mentoring. Mentoring involves a developmental relationship between a more experienced "mentor" and a less experienced partner, and typically involves sharing of advice. A business coach can act as a mentor given that he or she has adequate expertise and experience. A good business coach need not have specific business expertise and experience in the same field as the person receiving the coaching, in order to provide good business coaching.
Business Management:
The study of the efficient and effective operation of a business is called management. The main branches of management are financial management, marketing management, human resource management, strategic management, production management, service management, information technology management, and business intelligence.
In all kinds of business coaching there is a process of inquiry, analysis, contemplation & resolution with the intention of furthering the development of both the individuals and the business itself. It is aimed not just at improving the performance of the team and of the business, but also at giving individuals the tools they need to successfully progress in their own career.
Often the coach will ask a series of questions, inviting the clients to analyze the situation and propose a course of action which will help the group as a whole to reach their shared and individual goals within the organisation. The client can accept the outcome, reject it, or negotiate a compromise.
A business coach will often take a multifaceted approach to helping a business improve. In some cases, a top-down approach is needed; such as when a CEO with control issues is hindering the success of the company. In other cases, a Business Coach will work from the bottom-up, working with each associate to better their own potential.
Business:
In economics, a business (also called firm or enterprise) is a legally recognized organizational entity existing within an economically free country designed to provide goods and/or services to consumers. Businesses are predominant in capitalist economies, where most are privately owned and typically formed to earn profit to increase the wealth of their owners. The owners and operators of a business have as one of their main objectives the receipt or generation of a financial return in exchange for their work and their acceptance of risk. Notable exceptions to this rule include cooperative businesses and government institutions. This model of business functioning is contrasted with socialistic systems, which involve either government, public, or worker ownership of most sizable businesses.
The etymology of "business" relates to the state of being busy either as an individual or society as a whole, doing commercially viable and profitable work. The term "business" has at least three usages, depending on the scope — the singular usage (above) to mean a particular company or corporation, the generalized usage to refer to a particular market sector, such as "the record business," or the broadest meaning to include all activity by the community of suppliers of goods and services. However, the exact definition of business, like much else in the philosophy of business, is a matter of debate.
Business Studies, the study of the management of individuals organizing to maintain collective productivity toward accomplishing particular creative and productive goals (usually to generate profit), is taught as an academic subject in many schools.
Basic Forms of Business Ownership:
Although forms of business ownership vary by country and local government, there are several common forms of business ownership:
1. Sole Proprietorship: A sole proprietorship is a business owned by one person. The owner may operate on his or her own or may employ others. The owner of the business has total and unlimited personal liability of the debts incurred by the business.
2. Partnership: A partnership is a form of business in which two or more people operate for the common goal of making profit. Each partner has total and unlimited personal liability of the debts incurred by the partnership. There are three typical classifications of partnerships: general partnerships, limited partnerships, and limited liability partnerships.
3. Corporation: A business corporation is a for-profit, limited liability entity that has a separate legal personality from its members. A corporation is owned by multiple shareholders and is overseen by board of directors, which hires the business's managerial staff.
4. Cooperative: Often referred to as a "Co-Op business" or "Co-Op", a cooperative is a for-profit, limited liability entity that differs from a corporation in that it has members, as opposed to shareholders, who share decision-making authority. Cooperatives are typically classified as either consumer cooperatives or worker cooperatives. Cooperatives are fundamental to the ideology of economic democracy.
Business Classifications:
There are many types of businesses, and, as a result, businesses can be classified in many ways. One of the most common focuses on the primary profit-generating activities of a business:
1. Manufacturers produce products, from raw materials or component parts, which they then sell at a profit. Companies that make physical goods, such as cars or pipes, are considered manufacturers.
2. Service businesses offer intangible goods or services and typically generate a profit by charging for labor or other services provided to government, other businesses or consumers. Organizations ranging from house decorators to consulting firms to restaurants and even to entertainers are types of service businesses.
3. Retailers and Distributors act as middle-men in getting goods produced by manufacturers to the intended consumer, generating a profit as a result of providing sales or distribution services. Most consumer-oriented stores and catalogue companies are distributors or retailers.
4. Agriculture and mining businesses are concerned with the production of raw material, such as plants or minerals.
5. Financial businesses include banks and other companies that generate profit through investment and management of capital.
6. Information businesses generate profits primarily from the resale of intellectual property and include movie studios, publishers and packaged software companies.
7. Utilities produce public services, such as heat, electricity, or sewage treatment, and are usually government chartered.
8.Real Estate businesses generate profit from the selling, renting, and development of properties, homes, and buildings.
9. Transportation businesses deliver goods and individuals from location to location, generating a profit on the transportation costs.
There are many other divisions and subdivisions of businesses. The authoritative list of business types for North America (although it is widely used around the world is generally considered to be the North American Industry Classification System, or NAICS. The equivalent European Union list is the NACE.
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