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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

bottom line

Business administration; Business management

An accounting term denoting the last line of a balance sheet which calculates the profit and loss of a business. It is now used more widely in management to mean something like ...

quango

Business administration; Business management

An acronym for a ‘quasiautonomous non-governmental organization’ in the United Kingdom. This is an organization which is established and funded indirectly by the government to ...

small or medium-sized enterprise (SME)

Business administration; Business management

Usually a company with fewer than 1,000 employees.

common business oriented language (COBOL)

Business administration; Business management

This is a system of words and symbols used in business to instruct a computer in its task of information processing. See computer language.

keep it short and simple (KISS) principle

Business administration; Business management

Kiss is a valuable method for effective human communications. By keeping the points simple and straight forward, the points can be easily understood.

local exchange trading system (LETS)

Business administration; Business management

This is an attempt to organize systematic trading relationships within the grey economy, which started in Canada in 1982. LETS has since spread successfully to a number of other ...

potential rating index by zip market (PRIZM)

Business administration; Business management

It is used in marketing research on geodemographic segmentation to rank neighbourhoods by socio-economic status. Developed by the Claritas Corporation in the United States, prizm ...