Business News is the area of journalism that tracks, records and analyzes commercial activities and changes in the economy. This sector of the media industry consists of newspapers, magazines, radio and television-news shows that cover a wide range of topics and issues. Some of these areas include entrepreneurship, corporate culture, human resources, marketing, consumer finance, personal and investment banking, and economic trends. The Wall Street Journal is a prominent example of this type of journalism.
Any organized commercial activity revolves around the concept of profit-making. The idea is to sell goods or services for a price higher than the cost of producing those goods or services, so that a profit can be earned. Businesses may buy raw materials or machinery and produce their own products, or they can buy finished goods from other manufacturers and resell them for a profit. Businesses can also sell services, which are intangible and cannot be physically produced or stored. These can be delivered to customers over the internet or through other channels.
A successful business requires a vision that implies what the company intends to achieve in the future and values that represent the integrity of the organization. A business must also have a strategy that is in line with its mission. Business organizations come in all shapes and sizes, from small sole proprietorships to large international corporations. They can be for-profit or not-for-profit and serve a variety of purposes, from selling goods to providing employment or social welfare.
The history of business news began when Daniel Defoe, author of the book Robinson Crusoe, started publishing business and financial articles. Later, in the United States, Charles Dow and Edward Jones founded a wire service that distributed business news to investors on Wall Street. These events led to the creation of many newspaper financial pages and the rise of business journalism.
Skye Schooley is a staff writer for Business News Daily, where she covers a broad range of business topics, with a focus on human resource content. Her goal is to help small business owners and entrepreneurs make informed decisions about how to run their companies and develop their careers. She uses her experience in B2C content marketing and data analysis to create articles that provide value for readers.