The purpose of this blog post is to explore the differences between business activity and business process. Business activity is typically defined as the physical or financial actions taken to produce a profit or meet a goal, while business process is the underlying systems and activities that make business activity possible.
It is important to recognise the difference between these two concepts, as incorrect identification of one can lead to incorrect decisions about how to run a business. For example, if a business is only carrying out business activity, but not engaging in business process, then they may not be able to achieve their goals as efficiently as they could if they were to improve their business process. Conversely, if a business is only engaged in business process but not taking physical actions, then they
Table of Contents
Chapter 4 – Business Activities EXPLAINED!
What business activity is not characterized by.
A blog section in to a detailed professional, witty and clever explanation
The different aspects of business activity.
Business activity can be characterised by its different aspects: commercial, financial, managerial, and marketing. Commercial activity deals with selling products and services; financial activity deals with raising funds and making payments; managerial activity deals with organizing and leading people; and marketing activity deals with creating and selling products.
What does not constitute business activity.
A blog section in to a detailed professional, witty and clever explanation does not characterise business activity.
The features of business activity.
- A detailed professional, witty and clever explanation
- Telling the world about your business
- Making money
- Producing goods and services
- A detailed professional, witty and clever explanation would not characterise business activity as it is not focused on making money or producing goods and services.
The nature of business activity.
This answer could be any of the following:
- The nature of business activity could be described as professional, witty and clever.
- The nature of business activity could be described as informative.
- The nature of business activity could be described as entertaining.
Some people might argue that business activity does not necessarily involve making money. For example, the business of running a lemonade stand might not involve making any money, but it is still considered to be business activity.