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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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Contributors in Business administration

Business administration > Business management

employee profile

Business administration; Business management

Following a job analysis, this is a descriptive list of the background, experience and ability considered necessary for the performance of the job.

behavioural theory of the firm

Business administration; Business management

A concept proposed in the early 1960s by two American psychologists, Richard Cyert and James March, which argues that a business organization consists of a coalition of different ...

artificial intelligence

Business administration; Business management

A field of study, combining psychology and information technology, which uses computer systems to develop machines that exhibit characteristics of human intelligence, like ...

contracting out

Business administration; Business management

(1) Hiring another person or organization to do part of the work. (Similar to subcontracting.) (2) Refusing to join a trade union or pay a political contribution. (3) Leaving an ...

micromarketing

Business administration; Business management

A form of marketing that targets very small, narrowly defined, groups of people as part of a market segmentation process. The ultimate form of micromarketing might be a segment of ...

shadow price

Business administration; Business management

A guess or best estimate of the price of a product in the absence of a market in that product which can actually provide one.

profit-related pay

Business administration; Business management

A type of profit sharing for employees who used to have uk tax advantages if they took part of their earnings in this form. However, as prp often did not follow the more volatile ...