Business administration is the work of managing an organization's resources, time and people. Business administration professionals work to ensure that businesses and organizations are run effectively, efficiently and profitably. It includes all aspects of overseeing and supervising the business operations of an organization
Business law which governs business and commerce and is more often considered to be a branch of civil law, and deals with both private law and public law. Commercial law manages corporate contracts, hiring practices, and the manufacture. Business law also called commercial law or mercantile law.
Entrepreneurship is the ability and readiness to develop, organize and run a business enterprise, along with any of its uncertainties in order to make a profit. The most prominent example of entrepreneurship is the starting of new businesses.
Business Research is a process of acquiring detailed information of all the areas of business and using such information in maximizing the sales and profit of the business. Business research is a part of the business intelligence process. It is usually conducted to determine whether a company can succeed in a new region, to understand their competitors, or to simply select a marketing approach for a product.
Business statistics refers to the use of different data analysis tools from statistics and applying those in a business setting. When considering what business statistics is, there are two major types of statistics used in business, which are descriptive statistics and inferential statistics.
Marketing risk is an unavoidable element of marketing activities. However, with the proper marketing risk management techniques, many risks can be mitigated and addressed. Marketing risk management can also ensure that the marketing department has substantial backup plans that will keep financial loss at bay.
A business plan is an important document aimed at a company's external and internal audiences. For instance, a business plan is used to attract investment before a company has established a proven track record. It can also help to secure lending from financial institutions.
Business Intelligence (BI) is the processes of transforming data into actionable insights that help an organisation make strategic and tactical choices. To offer users with detailed insight about the state of the business, BI tools access and analyse data sets and show analytical findings in reports, summaries, dashboards, graphs, charts, and maps. The phrase "business intelligence" is also used to describe a set of technologies that enable quick, easy-to-understand access to data-driven insights about an organization's current status.
Business ethics studies appropriate business policies and practices regarding potentially controversial subjects, including corporate governance, insider trading, bribery, discrimination, corporate social responsibility, fiduciary responsibilities, and much more. The law often guides business ethics, but at other times business ethics provide a basic guideline that businesses can follow to gain public approval.
Corporate communications refers to the way in which businesses and organizations communicate with internal and external various audiences. Corporate communications can take many forms depending on the audience that is being addressed. Ultimately, an organization’s communication strategy will typically consist of written word.
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