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Business administration

Business management best practices including corporate strategy development, financial management, human resource management, information management, resource planning, marketing and sales.

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Business administration > Business management

cost centre

Business administration; Business management

A unit whose direct costs can be ascertained, and to which fixed costs can be allocated, in the pursuit of effective financial control. This unit may be a department, a place, a ...

status

Business administration; Business management

(1) The standing of an individual within a given organization. This is based on the amount of respect she or he is accorded by other people, whether it is because of the position ...

product differentiation

Business administration; Business management

(1) The packaging and advertising of different brands of virtually identical products in order to create differences between them in the mind of the consumer. (2) The process of ...

merit rating

Business administration; Business management

A form of reward for members of an organization, based on an assessment of their worth beyond the normally expected performance of their job, on the grounds that different people ...

information processing

Business administration; Business management

A key term in the study of cognition, which is used to denote what happens mentally between the stimulus and the response to it, including perception, memory, thinking, ...

performance appraisal interview

Business administration; Business management

An interview between an employee and his or her line manager, usually conducted once a year, at which an assessment is made of the individual’s job performance and how it relates ...

information management

Business administration; Business management

This is concerned with applying information technology to the flow of information in an organization with the intention of ordering it in the best way to achieve organizational ...