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Facts Visually Explained

How Business Works: The Facts Visually Explained

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Understand the sometimes-confusing business world with How Business Works, a user-friendly guide to understanding business jargon and corporate structure. Whether you're looking to get ahead at work, want to start your own business, or just want to understand the business world better, How Business Works is a comprehensive guide that makes even difficult business concepts easy to understand. Learn everything you need to know without getting bogged down by boring textbooks. How Business Works offers helpful diagrams, infographics, and bite-size, step-by-step information, all in jargon-free text that's a pleasure to read. From basic business principles, like how the Board of Directors is structured, to more complicated financial concepts, like how to calculate depreciation, How Business Works is a great first-stop for business students and middle managers who want to understand business without the MBA.

352 pages, Hardcover

First published March 2, 2015

207 people are currently reading
1311 people want to read

About the author

Georgina Palffy

7 books2 followers

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5 stars
148 (49%)
4 stars
107 (35%)
3 stars
35 (11%)
2 stars
8 (2%)
1 star
3 (<1%)
Displaying 1 - 30 of 41 reviews
Profile Image for Christine Zibas.
382 reviews36 followers
January 31, 2016
Upon first glance, one might think that this is a children's book. There are plenty of bright colors and simple graphic illustrations. Don't be misled: This is a serious business book with not only a visual appeal, but plenty of substance, if carefully hidden. Not only would this make a good beginner's book for anyone just starting out in business (a college graduate), but it's also a good basic text for home investors, who are trying to understand a Profit and Loss statement or how IPOs come into being.

There are several basic divisions within the book covering everything from basic business elements to social media marketing to accounting principles, and everything in between. Sprinkled among the illustrations, there are also key points of information, such as the fact that the majority of European businesses operating today fall into the small to medium category. There's information about business ethics and human resources (the touchy-feely stuff) as well as hard-core data (figures and forms).

This is the type of encyclopedic volume that you can dip into anytime to exactly the section you might be curious about. Hear a business term on a TV talk show and want to know what if means? This is your book. It's clear, concise, but not so basic as to be worth less than many other, far less visually appealing books in its category on the market today.
Profile Image for Puty.
Author 8 books1,378 followers
April 29, 2016
Definitely 5 stars! An enlightening book.of big picture of business world. Very systematic, step by step and not boring as everything is presented in the form of infographics as well examples from various type of business, from fast food chain to oil and gas industry. Totally recommended as quick introduction for a dummy to the whole business process.
Profile Image for Stephen Curran.
201 reviews5 followers
March 5, 2020
Not a bad book , a quick read. Not that detailed but you will get a few ideas from it, I bought it second hand. Very graphical and high level
Profile Image for Hoàng Minh Đức.
26 reviews
June 6, 2021
Trình bày vắn tắt mọi khía cạnh về kinh doanh, dưới nhiều góc độ: luật, kế toán, kinh tế, kinh doanh, chứng khoán, marketing. Nhiều hình minh họa sinh động, chi tiết ngắn gọn làm các vấn đề vĩ mô trở nên dễ hiểu. Đọc xong sách cảm nhận được kinh doanh như một ván cờ lớn, với đầy các tham số, khả năng cần phải tính toán để chiến thắng cuộc chơi. Phần thú vị nhất có lẽ là marketing, phần vì bản thân không có nhiều hiểu biết về mảng đó như các phần khác, phần vì trước giờ không nghĩ marketing nó lại sophisticated thế (bán hàng xin sđt để tích điểm cũng là thu thập thông tin, chương trình giảm giá cũng là chiêu marketing).
Hết sức recommend cho ai có ý định học hành gì liên quan đến mấy cái góc độ trên
Hạn chế: sách dịch, nên chủ yếu case study là ở 1 số nền kinh tế phát triển, nên có thể sẽ khác Việt Nam, dù thật ra mô hình kinh doanh cũng như pháp luật VN ngày càng cập nhật theo họ. Nên biết cũng chẳng thừa.
Profile Image for Cam Cam.
109 reviews55 followers
Read
April 12, 2020
Sách đầy đủ, hệ thống và có tính cập nhật (đề cập cả BI, BA luôn). Đọc để lấy keyword tìm hiểu tiếp nên hơi tiếc là ko có chú thích 1 số thuật ngữ bằng tiếng Anh. Với mục tiêu hiểu hơn về vận hành tài chính doanh nghiệp thì cuốn này cũng khiến mình nhìn thêm được một số khái niệm, nhưng để mà hiểu thì vẫn như vịt nghe sấm, chưa kể có 1 số chỗ cảm giác hơi sai sai không biết mình hiểu sai hay dịch sai T.T
Profile Image for Denar.
141 reviews18 followers
May 22, 2017
I don't know if you could find success from this book but gives you a general overview of how companies start, how companies are financed and how companies are managed. I loved the simple charts and explanations.
Profile Image for Leslie.
522 reviews49 followers
June 9, 2015
DK has designed a basic business book that is both interesting and fun to read. This is the exact opposite of the boring text books that I remember from my business classes.

Business principles are broken down into an easy to understand format using charts, illustrations, infographics, and concise explanations. Pages are filled with interesting facts and statistics which are arranged in side bars, boxes, and headings. Every page is in full-color and brightly illustrated. This format makes it much easier to grasp a concept and is perfect for the visual learner.

The book is divided into four main sections—a general overview of how companies work, finance, sales and marketing, and operations and production—along with many subsections plus a handy index at the end for easy reference.

Whether one is just starting out in the business world, is in need of an easy to understand reference book, or just wants to know more about how things work, this book is a great choice to have on your shelf.
Profile Image for Cal.
115 reviews2 followers
January 28, 2019
This is a good crash course on the fundamentals of business. As someone who never took business classes I found much of the information in this book very valuable. The eye pleasing graphics were very helpful in understanding concepts, and the topics/chapters had a good flow to their organization. There were quite a bit of spelling and grammatical errors, but nothing too outrageous.
21 reviews1 follower
August 27, 2019
So interesting book in its content and design.
It gives a quick overview in every aspect in business for non-specialists, so you can dig deeper later in the field you are interested in.
The design of the book in an info-graphic way is very creative and unique. It attracts you more and more to the book.
Profile Image for Bookstakeaway.
25 reviews4 followers
December 10, 2017
I would highly recommend checking out this book for all of your general business inquiries as this book talks about pretty much everything business. Here's a video review of the book: https://youtu.be/YRmcY4TWrfI
Profile Image for Daeus.
392 reviews3 followers
June 4, 2018
This is a textbook full of lots of useful infographics for an overview of, well, how business works. I was looking for something that gave a general and broad overview of business and I found this to be very digestible and fun read on that subject.
Profile Image for Umitri.
97 reviews3 followers
May 31, 2020
Perfect reminder for someone like me in the middle of his career to refresh the main pillars of business. Visualization top! As a reference guide to keep in your library. Also recommended for fresh graduates!
Profile Image for Arnauldt.
12 reviews
July 10, 2023
How Business Works is a comprehensive and user-friendly guide that demystifies the complex world of business, offering clear explanations and insights into key concepts and practices.
59 reviews
August 10, 2024
Basics information only. Structure as below.

I. How company work
1. Business ownership
Sole proprietorships and partnerships
Corporations
Private and public companies
Multinationals
Franchises
Not-for-profit

2. Start-ups
Start-ups from concept to launch
Types of start-up
Business plans
Raising money
Business accelerators and incubators

3. Buying and selling business
Mergers and acquisitions
Divestitures
Vertical vs. horizontal integration
Management buy-ins and buy-outs

4. Who’s who
Board of directors
Company hierarchy
Stakeholders: ethic, enviroment, legal
Business cultures

5. Corporate structure
Functional structure
Divisional structure
Matrix structure
Network structure
Team-based structure

6. Human resources
The human resources cycle
Recruitment and selection
Evaluating staff
Motivation and rewards
Leadership strategy and styles
Leadership for team building
Employee relations andncommunications
Project management
Negotiating strategy

II. How finance work
1. Financial reporting
The accounting cycle
Financial statements

2. Financial accounting
International accounting standards
Profit-and-loss statement
Balance sheet
Cash-flow statement
Environmental accounting
Depreciation
Amortization and depletion

3. Management accounting
Cash flow
Budgets
Assets and inventory
Costs
Product costing and pricing

4. Measuring performance
Key performance indicators (KPIs)
Financial ratios
+ Profitability ratios
+ Efficiency ratios
+ Liquidity ratios
+ Solvency ratios
+ Investment valuation ratios
Forecasting: Z model (Working capital/ total assets, Market value of equity/ book value of total liabilities, Retained earnings/ total assets, Earnings before interest
and taxes/ total assets, Sales/ total assets)
Tracking fraud
TOP FIVE NOTORIOUS FRAUDS
Top 5 notorious frauds: Charles Ponzi, Nick Leeson, ENRON, WORLDCOM, JPMorgan house loans

5. Raising financing
Internal financing
External financing
Going public
Shares and dividends
The capital market
Gearing ratio and financial risk

III. How sales and marketing works
1. Marketing mix
Product
Product positioning
Product life cycle
Price
Place
Promotion
Market research
Market segmentation

2. Marketing approaches
Niche vs. mass marketing
Traditional marketing
Digital marketing
Engagement marketing
Sensory marketing
Relationship marketing

3. Outbound marketing
Traditional offline advertising
Online advertising
Direct mail
Telemarketing

4. Inbound marketing
Outbound vs. inbound marketing
Blogging
Social media marketing
Search engine optimization (SEO)

5. Business development
Branding and rebranding
Lead generation
Lead conversion
Customer retention
Return on marketing investment (ROMI)
Intellectual capital

6. Information management
Business intelligence
Business analytics
Marketing and IT
Collecting consumer data
Data warehousing
Customer profiling
Big data
Customer relationship management (CRM)
Compliance

IV. How operations and production work
1. Manufacturing and production
Job production
Batch production
Flow production
Mass customization
Continuous production
Hybrid processes

2. Management
Economies and diseconomies of scale
Lean production
Just-in-time
Total quality management
Time-based management
Agile production
Kaizen

3. Product
New product development
Innovation and invention
Design
Quality management
Product-process matrix

4. Control
Managing capacity
Inventory
Quality control
Six Sigma

5. Supply chain
Value chain
Outsourcing
Offshoring
Reverse supply chain
Benchmarking
Corporate social responsibility
This entire review has been hidden because of spoilers.
Profile Image for Manu Datta.
98 reviews3 followers
April 20, 2021
A graphical representation of how business works cannot be expected to cover a ton of detail, however this book does get most of the details in place.

The authors also expound well on the key themes of Sales and Marketing, Finance and Operations. One can learn a lot from this book.

This book would be interesting to the following constituencies:
1. Students with some understanding of business
2. New hires who are looking to understand other domains.
3. Mid-level managers who may want to brain storm fresh ideas in Sales and Marketing and Operations; nothing like going to the basics
4. Senior and Higher management who would want to ensure that the best ideas and practices listed there are indeed a part of their firm's culture.

The graphics and accompanying examples are simple, clear and add greatly to the understanding of the reader.
Profile Image for Bao  Anh.
37 reviews
August 7, 2022
Một quyển sách rất dễ đọc cho những ai muốn tìm hiểu sâu hơn về sự vận hành của nền kinh tế toàn cầu.
Phải thừa nhận rằng mình không có ý định học chuyên ngành kinh tế hay có niềm đam mê trong lĩnh vực này. Tất cả những gì mình muốn từ quyển này là giúp mình giải đáp những gì mình thắc mắc khi xem phim Hàn Quốc (🤣) – tại sao tình huống này là xấu; dấu hiệu kia cho thấy doanh nghiệp đang khởi sắc; CEO hay Chủ tịch Hội đồng quản trị quan trọng hơn!? Một số bộ phim Hàn có lồng ghép những vấn đề đó và trong đầu mình khi xem là rất nhiều dấu chấm hỏi, ngày càng to hơn khi chẳng biết phải hỏi ai. Và rất cảm ơn điều đó, vì qua quyển sách này, những gì mình góp nhặt và học hỏi được là nhiều hơn mong đợi ban đầu.
Bạn có muốn tìm hiểu về vụ gian lận tài chính tai tiếng nhất trong lịch sử Hoa Kỳ, rằng Enron đã đáp ứng kỳ vọng phố Wall bằng cách làm giả báo cáo tài chính như thế nào, kéo theo đó là sự sụp đổ của một trong Big5 kiểm toán Arthur Andersen?
Bạn có muốn biết các marketer đã làm cách nào để biến một khách hàng tiềm năng trở thành khách hàng trung thành?
Bạn có thắc mắc rằng tại sao văn hóa doanh nghiệp lại đóng một vai trò quan trọng trong quá trình phát triển và mở rộng của một công ty?
“Hiểu hết về kinh doanh” sẽ giúp bạn hiểu tất cả những điều đó và nhiều vấn đề khác nữa.
Nội dung sách chia ra 4 phần chính: cách các công ty vận hành, tài chính của doanh nghiệp, marketing truyền thông và sản xuất, vận hành.
Một điểm cộng to bự cho quyển này là tranh minh họa rất trực quan và sinh động. Nhóm tác giả viết cũng rất dễ hiểu và thú vị nên mình không bị nản dù đây không phải chủ đề mình thích. Mỗi lần hiểu thêm cái gì mới thì cảm giác phải gọi là siêu siêu thỏa mãn luôn vì trước giờ mình chỉ hiểu lờ mờ, thoáng qua nhờ mấy cái tiêu đề của các bài báo, poster hay mấy cảnh phim Hàn =)))
Đây cũng là lần đầu tiên mình bắt đầu ghi chú lại những gì mình đọc được vì lượng thông tin trong sách phải nói là khổng lồ. Cho đến tận khi bắt đầu đọc quyển này thì mình vẫn tự tin vào trí nhớ của mình, nhưng mình đã phải lấy giấy ra và ghi chú, highlight lại những thông tin quan trọng khi mình đi được 1/3 quyển sách.
Tóm gọn lại thì mình thấy quyển này khá hữu ích cho bất cứ ai muốn hiểu thêm về những vấn đề cơ bản, cốt lõi của kinh doanh, hay đơn giản vì muốn xem phim Hàn với trải nghiệm tốt hơn, như mình chẳng hạn.
Profile Image for MK.
626 reviews3 followers
February 4, 2024
After reading this book, I realized how hard it is to corporate a company.

I thought that the freelance style of working on projects by teaming up with others was the most comfortable and free way to live freely without being tied down by time.

Free time is the most important thing, even with small amounts of money.

Profile Image for Franky.
8 reviews
September 6, 2019
Awesome entry-level big picture outlay of the models that are relevant today.

Then again, looking forward, we'd like a thing that's totally different.
We know that GDP is not a good measure.... but then again...
Most people want to start a biz just because of $$
Profile Image for Jenna.
Author 2 books177 followers
July 22, 2019
Really this was a DNF. For no bad reason, I just felt like this wasn’t helping me too much in the indie publishing business. But still, pretty good book, easy to understand because of the graphics.
Profile Image for Mel.
224 reviews
August 7, 2019
Graphical and easy to understand business guide for anyone who wants to understand business better.
Profile Image for Huyền.
25 reviews1 follower
March 27, 2021
Một quyển sách xuất sắc, tóm tắt những gì cần biết về kinh doanh
Profile Image for Minh Trần.
5 reviews1 follower
September 13, 2021
Hay, minh hoạ dễ hiểu, phù hợp cho newbies tìm hiểu về cách hoạt động của các doanh nghiệp ở mức độ cơ bản nhất.
Profile Image for Nash.
35 reviews
July 31, 2022
Quite informative for a quick know-how on business. I highly recommend.
Profile Image for Preston Hart.
42 reviews
April 19, 2023
A great introduction to business. I'd recovering this for anyone seeking a general overview of how business works, without much density.
Profile Image for Cheryl.
12.9k reviews483 followers
x-not-for-me
November 22, 2023
I think what I need is a How finance works.
Profile Image for Abdulghani Alkhateeb.
30 reviews
April 11, 2025
Fantastic book explaining the businesses in visual manner the workflow for different businesses sector and department easy to understand for anyone
Profile Image for Yuvaraj kothandaraman.
135 reviews1 follower
November 13, 2025
This book is a solid, well-organized primer on business fundamentals wrapped in beautiful DK graphics.
It covers everything from starting a company to managing employees, making complex ideas feel digestible through diagrams and real-world examples. The visual layout is genuinely helpful - you can actually understand topics like mergers, CRM systems, and supply chains without drowning in jargon.

The Good Stuff:
The breadth is impressive. Topics range from sole proprietorships and franchises to lean production and corporate social responsibility. Each section explains the "why" behind business practices, not just the "how." The book doesn't talk down to readers, and sections on marketing, finance, and human resources feel balanced and practical.

The Frustrating Parts:
For something so comprehensive, it sometimes feels like skimming the surface. Want deep dives into specific areas? You won't find them here.
Some examples feel dated (the book is from 2015), particularly in the digital marketing and technology sections. Also, it's very Western-business-focused; global perspectives are limited.

The Real Takeaway:
This is perfect for someone completely new to business—a curious person, student, or someone changing careers who needs to understand how companies actually work. It's not a reference manual or a strategic business guide.

Think of it as a friendly tour guide explaining the landscape rather than a detailed map.
Displaying 1 - 30 of 41 reviews

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