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Business management – management of a business – includes all aspects of overseeing and supervising business operations. Management is the act of allocating resources to accomplish desired goals and objectives efficiently and effectively; it comprises planning, organizing, staffing, leading or directing, and controlling an organization (a ...
In other projects Wikidata item; Appearance. move to sidebar hide. A business organization may refer to Company; Trade association; Employer's organization; This ...
The following outline is provided as an overview of and topical guide to business: Business – organization of one or more individuals, engaged in the trade of goods, services, or both to consumers, [1] and the activity of such organizations, also known as "doing business".
Choosing a structure for a company is an important decision and must be strategically thought out because it could either aid or harm the making of business. The structure must also be a good fit for the type of activities, goals, and vision of the company. [3] The organizational structure is a reflection of how conveniently business is conducted.
An organization can be structured in many different ways, depending on its objectives. The structure of an organization will determine the modes in which it operates and performs. Organizational structure allows the expressed allocation of responsibilities for different functions and processes to different entities such as the branch ...
More powerful change happens when there are clear design objectives driven by a new business strategy or forces in the market require a different approach to organize resources. The organization design process is often explained in phases. Phase one is the definition of a business case, including a clear picture of strategy and design objectives.
A business entity is not necessarily separate from the owner and the creditors can hold the owner liable for debts the business has acquired. [6] The taxation system for businesses is different from that of the corporates. A business structure does not allow for corporate tax rates. The proprietor is personally taxed on all income from the ...
Business process re-engineering (launched by Michael Hammer in 1993 [34]): a business management strategy focusing on the analysis and design of workflows and business processes within an organization. BPR seeks to help companies radically restructure their organizations by focusing on the ground-up design of their business processes.