Elysse Bell is a finance and business writer for Investopedia. She writes about small business, personal finance, technology, and more. Katie Miller is a consumer financial services expert. She worked ...

Business process outsourcing involves the outsourcing of business functions to external companies. To clarify, many companies outsource tasks to external providers. An example may be hiring a ...

Accurate record-keeping helps shareholders make informed investment decisions. Ethical business practices are essential for building and maintaining trust. Fair treatment in client dealings prevents ...

Over the past decades, business has begun reacting to growing societal pressures by broadening its focus from profit maximization alone to the “triple bottom line” of people, planet and profit. 1 In ...

Flexible models quickly adjust to market dynamics. They foster innovation and efficient resource use. Adaptability leads to competitive advantage. A flexible business model is one that can readily ...