Nature

What Is the Nature of Business?

The nature of business refers to the overall activities of a company in their quest to create, market, and sell a service or a product. Essentially, the main focus for what a company does in a particular sector or industry is known as that company’s nature of business.

Organization

There are different ways to understand the nature of business. One could look at a company’s organizational setup, the goods, services the company offers, and even the structural formation that is used. This refers to the nature of how a business is set up, using the common business structures of a sole proprietorship, a partnership, a corporation, a limited liability company (LLC), or even a limited liability partnership (LLP).

Types of Businesses

The nature of business can be viewed in the types of businesses that operate within a particular sector. There are businesses in the government sector, the military sector, the

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The Nature of Business | Redesigning organisations for resilience

There is an old Chinese saying,

‘May you live in interesting times’

When someone said that to you, it was viewed as both a blessing and a curse.

A blessing, because interesting times meant change, volatility and uncertainty which invoke adaptation, transformation and a reaching beyond the existing status quo into new found heights.

A curse, because change and uncertainty disrupts the status quo, upsets ego-comforts, and challenges norms and routines.

Facing into the decade of 2020-2030, humanity finds itself amid interesting times of breakdown/breakthrough.

Back in 2010, as we entered the 2010-2020 decade I wrote articles and spoke at conferences about the decade ahead becoming one of volatility and uncertainty – a time when the old logic, the old way of doing things, would start to be seen by the mainstream as no longer adequate to deal with the challenges of the day.

As we leave the 2010-2020 decade

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