Business Terms

What is Corporate Social Responsibility? Definition, Examples, Advantages, Benefits, Types and its Importance.

Corporate Social Responsibility Definition: Corporate Social Responsibility (CSR) is a type of business self-regulation norms, which are designed and integrated with business model of the company. CSR focuses on the ethical behavior of business. It promotes transparency in conversation among the actors of the company: customers, suppliers, shareholders, banks, insurers, also local residents, governments, communities, …

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What is Business Intelligence? Definition, Components & Solutions of BI Tools

Business Intelligence Definition: Business Intelligence is the ability to transform data into information and information into knowledge so that they can optimize the process of decision-making in business. In other words, Business intelligence is the part of the responsible business management in collecting, processing and presentating of relevant information to facilitate decision-making. From a more …

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What is Business Ethics? Definition, Components, Types and its Importance

Business Ethics Definition: The ethics are a set of moral rules that have the function of regulating the relations or the conduct of men in a given context or scope. Note that ethics is precisely that part of philosophy that just deals with the morality of the acts of human beings and therefore according to …

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What is Project Life Cycle? Definition, Stages, Phases of Business Project Management

Project Life Cycle Definition: Project life cycle is a workflow of activities defined in the systematic ways to gain maximum benefits from business project. A project stands out for its life cycle, which is usually presented as consisting of phases. The number of phases and their designation may vary from one application to another, from one …

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What is Business Project? Definition, Types of Project Management, Example and Template

Business Project Definition: It is the set of actions taken over a period of time in which a number of resources for its development are involved, all in order to solve a need or take a chance getting through their development, financial gain or benefit the user. It is desirable to develop a pre-feasibility study …

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What is Business Analysis? Definition, Techniques and Methodologies

Business Analysis Definition: Business analysis is a technique used in the majority of companies seeking to better understand the market. In this discipline, the ultimate objective is aimed at achieving solutions that meet the needs of the business, but always focusing on it from the standpoint of profitability. To reach these goals, analysis of business …

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What is Business Management? Definition, Principles, Fundamentals and its Effects

Business Management Definition: Business management is to use all known management tools and combining them in order to obtain the expected results for the achievement of all the goals that are imposed at the beginning of a particular business. While it does not differ too much from what is perhaps the business, business management may …

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What are Business Administrative Process and Procedures?

Administrative Process Definition: It is a process workflow followed across any type of businesses that may be either private or public organization. The administrative process has four basic functions of administrative process: planning, organization, execution and control. A summary expression of these fundamental functions of management is listed below: Planning: It is an initial process …

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What is Business Administration? Functions and Fundamentals of Business Administrators

Business Administration Definition: Business administration is defined as the process of designing and upholding an atmosphere in which people work in groups effectively reach selected targets. This is applicable to each and every business regardless of the niche and size. In simple words, “Business Administration is an art of controlling day to day operations of …

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What is Online Marketing? Definition, Terms and Campaign Strategies for Online Business

Online Marketing Definition: Online marketing is also called as online advertising / web advertising / Internet advertising. It is one of the types of business marketing where business take part in internet or email campaigns to maximize their sales. The internet has become the most important by means of transmitting information. It turned into an …

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