Our Business (2024)

FAQs

What answers the question "What is our business?"? ›

Drucker believes that asking the question “What is our business?” is synonymous with asking “What is our mission?” An enduring statement of purpose that distinguishes one organization from other similar enterprises, the mission statement is a declaration of an organization's “reason for being.” It answers the pivotal ...

You might think: “How can he/she be any good if they don't have much on at the moment?” So…? Years ago an entrepreneurial marketing guru, Chris Frederickson, suggested that a good answer to the question “How's business?” was: “Business is great and we're looking for more!”

What should we say when someone says, “It's none of your business”? - Quora. Neutral: “No comment." Polite: “I'd rather not say.” Playful: “Mind your own beeswax.”

Business is an economic activity that involves the exchange, purchase, sale or production of goods and services with a motive to earn profits and satisfy customers' needs. Businesses can be profit or non-profit organizations that function to gain profits or achieve a social cause.

When answering the question, don't just recite what you read online. Instead, pick two or three key points that demonstrate your knowledge and understanding of the company and its industry. Explain why those points are important to you and how they connect to the role you want.

Include your company's basic information: its name, what it does, the value it offers, its location and its origin story. These are the fundamentals any reader will need to understand your concept.

Showing gratitude is always appreciated and shows you care about your relationship with your customers. Make It Personal – Mention the commenter's name in your response, making it clear that you are a real person engaging with them and your response isn't an impersonal copy and paste job.

"I would never want to involve you in that." "I don't want to betray any confidences." "Oh, nothing for you to worry about." "I really can't go into that now, but I'll let you know if the situation changes."

You could say something like "I appreciate your concern, but this is a personal matter and I'd prefer to keep it private" or "I'm not comfortable discussing this with you." If the person is being particularly nosy or pushy, you could say something like "I'm sorry, but I'm not comfortable sharing this information with ...

Is saying "none of your business" rude? ›

Now these two phrases: it's none of your business and mind your own business are slightly rude when said directly to the person. So this is something you only want to use with very good friends or perhaps a rude stranger who is making personal enquiries.

What are my goals? Do I have the right strategy? Can I execute the strategy?

KBQs are the most critical questions a business needs to answer in order to make informed decisions, achieve goals, and drive success. They act as a roadmap for analysis, strategy, and action.

Provide your business's basic information

Include your company's basic information: its name, what it does, the value it offers, its location and its origin story. These are the fundamentals any reader will need to understand your concept.

The business definition answers the questions of who, what and how a business or company is. The three elements of the business definition are offer, target market and the production/delivery capabilities.

The first, corporate strategy answers strategy questions related to “What business or businesses should we be in?” and “How does business X help us compete in business Y, and vice versa?” In many ways, corporate strategy considers an organization to be a portfolio of businesses, resources, capabilities, or activities.