buisness
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| Policy | is a predetermined course of action which is established to provide a guide toward accepted business strategies and objectives.
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| Procedure | is to provide the reader with a clear and easily understood plan of action required to carry out or implement a policy.
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| Management | the process of accomplishing the goals of an organization through the effective use of people and other resources
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| Planning | determine objectives in advance and the methods to achieve them
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| Organizing | establish a structure of authority for all work
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| Staffing | recruit, hire and train workers; maintain favorable working conditions
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| Directing | make decisions, issue orders and directives
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| Coordinating | interrelate all sectors of the organization
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| Interpersonal | This role involves human interaction
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| Informational | This role involves the sharing and analyzing of information.
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| Decisional | This role involves decision making
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| Natural resources | are raw materials produced by nature.
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| Human resources | are the people who contribute physical and mental energy to the production process.
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| Capital resources | are the tools, equipment, and buildings that are used to produce goods and services.
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| Top Level of Management | It consists of board of directors, chief executive or managing director
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| Middle Level of Management | The branch managers and departmental managers constitute middle level. They are responsible to the top management for the functioning of their department
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| Lower Level of Management | also known as supervisory / operative level of management. It consists of supervisors, foreman, section officers, superintendent etc
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| Plan | is a blueprint for goal achievement that specifies the necessary resource allocations, schedules, tasks, and other actions
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| Goal | a desired future state that the organization attempts to realize
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| Planning | incorporates both ideas: It means determining the organization's goals and defining the means for achieving them
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| Planning Process | Establishment of objectives, Establishment of Planning Premises, Choice of alternative course of action, Formulation of derivative plans, Securing Co-operation,and Follow up/Appraisal of plans
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| Managerial Planning | It is the basic management function which includes formulation of one or more detailed plans to achieve optimum balance of needs or demands with the available resources.
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| Ethics | refers to standards of moral conduct that individuals and groups set for themselves, defining what behavior they value as right or wrong.
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| Respect | esteem for or a sense of the worth or excellence of a person, a personal quality or ability, or something considered as a manifestation of a personal quality or ability
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| Code of Conduct | can also act as a way of presenting an organization's or company's philosophy or ethical approach to the world
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| Business Letter | is a form of communication used to convey a formal message to one or more parties.
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| Letter of Application | introduces the job applicant
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| Organizing | To make thing more easy to find
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| New Employee Orientation | is the process you use for welcoming a new employee into your organization
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| Division of Labor | is the specialisation of cooperative labour in specific, circumscribed tasks and like roles
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| Retention | the ability to retain facts and figures in memory
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| Performance Standard | the standard of preformence
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| Organizational Goal | desired states of affairs or preferred results that organizations attempt to realize and achieve
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| Official/strategic Goal | formally stated goals of a organization descripted in its chapter and annual reports
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| Tactical/Operative Goal | the outcomes that the organizational acctually seeks to attain through its opperating polices and activites
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| Operational Goal | preformence objectives and described behaviors within an organization
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| Economic Goal | goals for the economy
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| Cultural Goal | goals for the cultrual aspect of buisness
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| Order Goal | goals for the order
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| Product Goal | characteristics of the goods or serveces like quality, styling, uniqueness, variety and price
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| Consumer Goal | goals for the consumer of the buisness
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| Mission | is a brief description of a company's fundamental purpose.
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| Objective | Business objectives are the stated, measurable targets of how to achieve business goals
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| Interdependent jobs | relating to two or more people or things dependent on each other
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| Knowledge information | an intangible combination of human experiences, values, and understandings that provide structure for interpreting and reacting to new experiences
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| Information | organized facts or data that can be easily identified, distributed, and managed
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| Tacit knowledge | knowledge that is known by an individual but is difficult to transfer to others either verbally or in writing
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| Explicit knowledge | knowledge that can be easily communicated to others an/or captured and stored in some type of document or database
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| Knowledge management | the process of creating, identifying, organizing, sharing, and using knowledge sources for the benefit of the organization
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| Information management | the process of accessing, processing, maintaining, evaluating, and disseminating facts or data for the purpose of assisting business decision-making.
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| Intellectual capital | refers to creations of the mind: inventions, literary and artistic works, and symbols, names, images, and designs used in commerce
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| Trade secrets | any confidential business information which provides an enterprise a competitive edge
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| Inevitable disclosure | is a legal doctrine through which an employer can use trade secret law to enjoin a former employee from working in a job that would inevitably result in the disclosure and use of the employer's trade secrets.
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| Non-compete agreement | an employee promises not to work for a direct competitor for a specified period of time after he leaves the company
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| Knowledge harvesting | capturing and transferring vital scientific, engineering, technical, and business insights and complex cognitive processes
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| Communities of practice | people who share a craft and/or a profession
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| Knowledge codification | means converting tacit knowledge to explicit knowledge
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| Internship | a professinal teaching you how to do yu job and what to do in the job
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| Peer team | a team of peers
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| Job shadow | a program for students to find out what it is like to be in a specific profession
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| Mentor | someone showing you how to do your job and guiding you though the proccess
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| Knowledge Mapping | An ongoing joint quest to help discover the constraints, assumptions, location, ownership, value and use of knowledge assets, artifacts, people and their expertise.
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| Relational Databases | is a database that conforms to relational model theory
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| Accountability Matrix | Table used in project management to ensure that every project element is properly assigned
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| Intranet | is a computer network that uses Internet Protocol technology to securely share any part of an organization's information or network operating system within that organization
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| Inquiry | A question
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| Purchasing | buying something from a buisness
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| Inventory Control | is the supervision of supply, storage and accessibility of items in order to ensure an adequate supply without excessive oversupply
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| Quality Control | is a process by which entities review the quality of all factors involved in production
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| Logistics | is the management of the flow of goods between the point of origin and the point of destination in order to meet the requirements of customers or corporations
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| Operations | are those ongoing recurring (cyclic) activities involved in the running of a business for the purpose of producing value for the stakeholders
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| Electronic Data Interchange | It is used to transfer electronic documents or business data from one computer system to another computer system, i.e. from one trading partner to another trading partner without human intervention
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| Flexible Manufacturing System | is a manufacturing system in which there is some amount of flexibility that allows the system to react in the case of changes, whether predicted or unpredicted
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| Computer-Aided Manufacturing | is the use of computer software to control machine tools and related machinery in the manufacturing of workpieces
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| Material Requirements Planning | is a production planning and inventory control system used to manage manufacturing processes
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| Enterprise Resource Planning | systems integrate internal and external management info across a organization, embracing finance/accounting, manufacturing, sales and service, ERP systems automate this activity with an integrated software application
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| Product planning | is the ongoing process of identifying and articulating market requirements that define a product's feature set
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| Procurement | is the acquisition of goods or services
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| Technical Data Management Systems | is essentially a Document management system (DMS) pertaining to the management of technical and engineering drawings and documents
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| Purchase Order | document issued by a buyer to a seller, indicating types, quantities, and agreed prices for products or services the seller will provide to the buyer
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| Sealed Bid | Document enclosed in a sealed envelope and submitted in response to invitation-to-bid
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| Dutch auctions | is a type of auction where the auctioneer begins with a high asking price which is lowered until some participant is willing to accept the price
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| Reverse auctions | type of auction in which the roles of buyers and sellers are reversed
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| Vendor | or a supplier, is a supply chain management term meaning anyone who provides goods or services to a company
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| Commitment | commiting to a compeny or buisness
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| Compartmentalization | is the act of splitting an idea or concept up into parts, and trying to enforce thought processes which are inhibiting attempts to allow these parts to mix together again
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| Employee benefits | benifts that employees recive when they work for a buisness
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| Employee relations | the relationsships between employees
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| Compensation | reciving pay when youre sick or injured
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| Staffing | the act of recrutting, hiring, training and staffing a buisness
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