Success in any type of business highly depends on knowledge. That is knowledge of your trade, and knowledge of the market. All successful business are riding on this. Consider Buffett's Berkshire Hathaway, or Job's Apple, or Zuckerberg's Facebook, all these business empires are run on knowledge and understanding. There question is, where is this knowledge coming from? Most of what you need to know for your business is all around you, in the news papers, on the internet etc. Following business news, especially on your area of expertise (and other areas of course), is a good way to start. Warren Buffet for instance hunts framed news papers on his walls. That should communicate something. Keep yourself informed at all times.
This can be defined as information that is reported, online, in a newspaper, forum, on tv/radio etc, about information relating to the business industry.
Their are many many resources on the internet that have and showcase this type of news, and many people read this to gain information and current events/tips/ and hints about the business industry.
Having knowledge and knowing good information is vital to ANYONE who is involved in business, stakeholders e.g customers, managers,employees etc., and shareholdes (who are a stakeholder), and it is good for anyone to have business knowledge as it is a lifeskill and handy to know whats going on in life.
This news can be about the Share market, economy, small and big businesses, new laws, taxes, trading, new regulations, companys, social enterprises and a whole lot more.