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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

management audit

Business administration; Business management

An audit of all aspects of management in an organization to review the use of all resources and see whether any improvements in efficiency can be made. It includes an examination ...

Elton Mayo

Business administration; Business management

(1880–1949) An Australian psychologist and management specialist who worked at the Harvard Business School and had a great influence, during the 1920s and 1930s, on the ...

capitalism

Business administration; Business management

An economic system characterized by the private ownership of a society’s resources; by competition in the pursuit of financial gain; and by support for the ideal (if not the ...

socialism

Business administration; Business management

An economic system, characterized by state ownership of the means of production and distribution, whose major theorist was Karl Marx. It is now very much out of fashion.

planned economy

Business administration; Business management

An economy under the central direction and control of the state (e.g. under the ideology of socialism), which would decide on matters like pay and production in the absence of ...

computer

Business administration; Business management

An electronic machine for processing information automatically and very quickly. According to SOD’s law it is always ‘down’ when needed most.

information highway

Business administration; Business management

An electronic network which links organizations or homes with providers of information, in its broadest sense (like telephone or television companies), by means of cable.