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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

role conflict

Business administration; Business management

A situation in which an individual is expected to play two or more roles which are in conflict or in competition with each other.

role ambiguity

Business administration; Business management

A situation in which an individual is unclear about the role expected of her or him.

distributive justice

Business administration; Business management

A situation in which everyone receives her or his just reward. Even though this situation frequently does not occur in real life, it has been suggested in psychology that people ...

monopsony

Business administration; Business management

A situation in which one buyer can control, or greatly influence, the price of a product through being the only buyer, or the most powerful buyer, in a particular market. A ...

role reversal

Business administration; Business management

A situation in which people agree to switch their usual role relationships; for example, army officers serving Christmas dinner to the troops.

sensory deprivation

Business administration; Business management

A situation in which people are deprived of the usual stimulation their senses encounter in daily life. Apparently when people are isolated from sensory stimulation, as far as ...

underemployment

Business administration; Business management

A situation in which people do not have enough work to do or are not having their skills fully utilized. See also overmanning.