Business

A business (also called firm or an enterprise) is a legally recognized organizational entity designed to provide goods and/or services to consumers or corporate entities such as governments, charities or other businesses. Businesses are predominant in capitalist economies, most being privately owned and formed to earn profit to increase the wealth of 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 work and acceptance of risk. Notable exceptions include cooperative businesses and state-owned enterprises. Socialistic systems 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 music business" and compound forms such as agribusiness, 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 to maintain collective productivity in order to accomplish particular creative and productive goals (usually to generate profit), is taught as an academic subject in many schools.

Esquire

Esquire (abbreviated Esq.) is a term denoting social status. Always rather vague in its extent, the term carries little social distinction today. Nonetheless, its use as a postnominal honorific remains fairly common, particularly in the United States, where it is used to indicate licensed attorneys.
The term is British in origin. Ultimately deriving from the medieval squires who assisted knights, the term came to be used automatically by men of gentle birth. Thus use of the word postnominally represented nothing more than the claim to be a gentleman. More specifically, though, a distinction was made between men of the upper and lower gentry, who were "esquires" and "gentlemen" respectively (between, for example, "Thomas Smith, Esq." and "William Jones, Gent."). A late example of this distinction is in the list of subscribers to The History of Elton, by the Rev. Rose Fuller Whistler, published in 1882, which clearly distinguishes between subscribers designated "Mr" (another way of indicating gentlemen) and those allowed "Esquire."
Thus, practically speaking, the term "esquire" may be appended to the name of any man not possessing a higher title (such as that of knighthood or peerage) or a clerical one. In practice, however, "esquire" in the US is most commonly used by lawyers in a professional capacity; it has come to be associated by many Americans solely with the legal profession.
Regardless of who it is applied to, the term "Esq." should not be used when talking about oneself, or in directly addressing somebody else. Rather, it is used in third-person contexts, such as envelope addresses.

Knowledge Management

Knowledge Management ('KM') comprises a range of practices used by organisations to identify, create, represent, and distribute knowledge. It has been an established discipline since 1995 with a body of university courses and both professional and academic journals dedicated to it. Many large companies have resources dedicated to Knowledge Management, often as a part of 'Information Technology' or 'Human Resource Management' departments. Knowledge Management is a multi-billion dollar world wide market.
Knowledge Management programs are typically tied to organisational objectives such as improved performance, competitive advantage innovation, lessons learnt transfer (for example between projects) and the general development of collaborative practices. Knowledge Management is frequently linked to the idea of the learning organisation although neither practice encompasses the other. Knowledge Management may be distinguished from Organisational Learning by a greater focus on specific knowledge assets and the development and cultivation of the channels through which knowledge flows

Basic functions of management

Management operates through various functions, often classified as planning, organizing, leading/motivating and controlling.
Planning: deciding what needs to happen in the future (today, next week, next month, next year, over the next five years, etc.) and generating plans for action.
Organizing: making optimum use of the resources required to enable the successful carrying out of plans.
Leading/Motivating: exhibiting skills in these areas for getting others to play an effective part in achieving plans.
Controlling: monitoring -- checking progress against plans, which may need modification based on feedback.

Management

Management comprises planning, organizing, resourcing, leading or directing, and controlling an organization (a group of one or more people or entities) or effort for the purpose of accomplishing a goal. Resourcing encompasses the deployment and manipulation of human resources, financial resources, technological resources, and natural resources.
Management can also refer to the person or people who perform the act(s) of management.