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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

monopoly

Business administration; Business management

A situation in which a market is under the control or domination of a single organization. This condition is generally considered to be met at one-quarter to one-third of the ...

discontinuous innovation

Business administration; Business management

A situation in which a new product is introduced to the market whose use requires some new form of behavior by the consumer, behavior that is ‘discontinuous’ from existing ...

short-time working

Business administration; Business management

A situation in which a workplace is forced to work a reduced working week because of a shortage of orders. This is seen as a temporary measure to cut labor costs while retaining ...

equal opportunities

Business administration; Business management

A situation in which access to employment, promotion, training and other aspects of work is available to individuals regardless of non-work-related personal factors like age, ...

closed shop

Business administration; Business management

A situation in which all the members of an organization must belong to the appropriate trade union. After legislation passed in the 1980s this is no longer formally possible in ...

voluntary redundancy

Business administration; Business management

A situation in which an employee requests or agrees to redundancy, usually in return for favourable terms of compensation.

role underload

Business administration; Business management

A situation in which an individual feels that his or her role is not big enough. The opposite of role overload. See also underemployment.