Business management

Business management

General business management terms encompassing inventory management, security management, financial administration, business planning, and management services for all enterprise-wide information systems.

Industry: Business administration

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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 interest groups with ...

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 language and ...

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 employer’s pension ...

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 one.

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 movements of company ...