Home > Industry/Domain > Business administration

Business administration

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

5Categories 6291Terms

Add a new term

Contributors in Business administration

Business administration > Business management

corporatism

Business administration; Business management

Historically, this refers to the replacement of owners by professional managers in the running of companies. But the term is also widely used to describe collective action by ...

Sod’s Law

Business administration; Business management

If something can go wrong, it will.

Maier’s Law

Business administration; Business management

If the data do not fit the theory, the data must be disposed of. In other words, if the facts do not fit your preconceived notion then it’s the facts that must be wrong. This was ...

Chinese walls

Business administration; Business management

Imaginary barriers to communication which are set up voluntarily between two departments or sets of activities within the same company. The point of the exercise is to protect ...

sacred cow

Business administration; Business management

In a business organization, this usually refers to a project that may not be closed down, no matter how inefficient or costly it is, for reasons that are not rational. The ...

Peter Principle

Business administration; Business management

In a hierarchy, every employee tends to rise to her or his level of incompetence – and stick there. Laurence Peter, the Canadian educational psychologist, introduced this concept ...

depreciation

Business administration; Business management

In accounting, this is a financial measure of the reduction in value of fixed capital assets over time; for example, the wear and tear of equipment.