Business management

Business management

General business management terms encompassing inventory management, security management, financial administration, business planning, and management services for all enterprise-wide information systems.

Industry: Business administration

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Business management

cost

Business administration; Business management

A cost is the value of money that has been used up to produce something, and hence is not available for use anymore.

assessment centre

Business administration; Business management

An establishment, often set up within large organizations, that specializes in identifying ability as part of the processes of recruitment and selection and in identifying potential for management ...

rate setting

Business administration; Business management

An old-fashioned term for the process of setting piecework rates of pay for a job. The process is more often included now under the term work measurement.

career development

Business administration; Business management

The planning of a person’s future career within an organization in order to maximize his or her contribution to the organization and the fulfilment of his or her own potential. This is a primary ...

recruitment

Business administration; Business management

The process of identifying possible candidates for a job vacancy. It should start, ideally, with a job analysis, after which a job specification should be drawn up. Likely candidates to meet the ...