Encyclopaedic Dictionary of International Business Management

Book excerpt: Conventionally, Business Is Understood As A Trade Or Profession; An Industrial, Commercial, Or Professional Operation; Purchase And Sale Of Goods And Services; A Commercial Or Industrial Establishment Commercial Activity; Volume; Or Quantity Of Commercial Activity; Commercial Policy Or Procedure Etc. Business Operations Are Mainly Divided Into Technical Commercial, Financial, Security, Accounting And Managerial Activities. Till Recently Managerial Skills Had Been Most Neglected Aspect Of Business Operations. The Terms Managing Consists Of Various Functions, Main Among Which Are Planning, Organizing, Commanding, Coordinating And Controlling.Amidst The Various Schools Of Management Thought Business Management Can Rightly Considered As An Art, A Science And A Profession.The Present Work In 4 Volumes Contains All The Major Terms Pertaining To Business Management. Encyclopaedic In Nature, This Will Prove Highly Informative And Useful To One And All.