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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

cohort effect

Business administration; Business management

A cohort is generally defined as a group of people who have lived through a certain period of time and shared common historical experiences like the Second World War or the advent ...

cartel

Business administration; Business management

A combination of two or more independent organizations which produce the same product, for the purposes of eliminating or restricting competition between them and preventing new ...

multinational company

Business administration; Business management

A commercial organization which operates in more than one country and moves its resources and activities between them, in such a way as to maximize its trading advantages in areas ...

consultative committee

Business administration; Business management

A committee in which representatives of employees in an organization meet regularly with the senior management, usually to discuss the welfare of the staff and the impact of ...

flexible firm

Business administration; Business management

A company that follows a model of ‘flexibility’ in dealing with its employees. This has three aspects: (1) functional – the division of employees into essential core workers and ...

virtual corporation

Business administration; Business management

A company that has only an electronic existence, with no headquarters building or plant or any of the other physical manifestations of the traditional corporation.

competencies

Business administration; Business management

A competence is the ability required to do a given job. In management, the term ‘competencies’ is often used to describe the set of disparate skills that managers require, which ...