Encyclopedia

Business activity monitoring Business Activity Monitoring (BAM) is software that aids in monitoring of business processes, as those processes are implemented in computer systems. BAM is an enterprise solution primarily intended to provide a realtime summary of business processes to operations managers and upper management.
Business analysis Business analysis helps an organization to improve how it conducts its functions and activities in order to reduce overall costs, provide more efficient use of scarce resources, and better support customers. It introduces the notion of process orientation, of concentrating on and rethinking end-to-end activities that create value for customers, while removing unnecessary, non-value added work.
Business analyst A business analyst (BA) is responsible for analyzing the business needs of their clients and stakeholders to help identify business problems and propose solutions, using the discipline of business analysis. Within the systems development life cycle domain, the BA typically performs a liaison function between the business side of an enterprise and the information technology department or external service providers.
Business audio Business audio refers to a type of service that provides audio content that is licensed for use in a commercial setting. Business audio providers include Muzak, Music Choice, SIRIUS Business, DMX Music, XM for Business, Playnetwork, Rock 300, and Trusonic.
Business Activity Statement The Business Activity Statement (BAS) is a form submitted to the Australian Taxation Office by businesses who are registered to pay Goods and Services Tax (GST). Businesses not registered for GST complete an Instalment Activity Statement instead.
Business band The business band is the name used by US scanner hobbyists who listen to Federal Communications Commission licensees using Industrial/Business pool frequencies. The regulations listing frequencies in this pool are contained in Subpart C of Part 90, Title 47 CFR.
Business Basic Business Basic is an interactive high-level programming language developed for minicomputer systems in the early 1970s. Derived from the original Dartmouth BASIC, Business Basic extended the language concepts by introducing file indexing methods which evolved into true keyed access technology similar to those methods available to COBOL programmers.
Business case A business case is a structured proposal for business change that is justified in terms of costs and benefits. It is a typical prerequisite for the initiation of a large project and is explicitly required by many Project Management Methodologies.
Business casual Business casual, also known as smart casual, is a popular dress code that emerged in white-collar workplaces in Western countries in the 1990s. Many information technology businesses in Silicon Valley were early adopters of this style of dress.
Business class Business class (also known as club class or executive class) is a high travel class available on some commercial airlines and raillines. The level of accommodation in business class is higher than economy class but lower than first class.
Business cluster A business cluster is a geographic concentration of interconnected businesses, suppliers, and associated institutions in a particular field. Clusters are considered to increase the productivity with which companies can compete, nationally and globally.
Business continuity Business Continuity is a progression of disaster recovery, aimed at allowing an organisation to continue functioning after (and ideally, during) a disaster, rather than simply being able to recover after a disaster.
Business continuity plan A business continuity plan (BCP) is a management process to ensure the continuity of businesses. Not to be confused with continuity of operations (COOP) where the focus is primarily a plan to ensure operations continuity after a disastrous event has already occurred.
Business continuity planning Business Continuity Planning (BCP) is an interdisciplinary peer mentoring methodology used to create and validate an exercised logistical plan for how an organization will recover and restore partially or completely interrupted critical function(s) within a predetermined time after a disaster or extended disruption. For open source BCP "how-to" guidelines, see Wikibooks - Business and economics
Business cycle The business cycle or economic cycle refers to the periodic fluctuations of economic activity about its long term growth trend. The [involves shifts over time between periods of relatively rapid growth of output (recovery and prosperity), alternating with periods of relative stagnation or decline (contraction or recession]).
Business Careers High School Northside Independent School District and the business community combined their resources in 1991 to create the Business Careers High School. The school attracts students who want to study business and other related fields.
Business College A Business College is a school that provides education above the high school level but could not be compared to that of a regular University or College. Unlike universities and even junior and community colleges, business colleges typically train the student for a specific vocational aspect, usually clerical tasks such as typing, stenography or simple bookkeeping.
Business Continuity Institute The Business Continuity Institute (BCI) is a professional organization established in 1994 to help develop business continuity management plans for global organizations and companies. It does this primarily through professional certification.
Business Contract Hire Contract Hire is a term used in the UK to describe a longer term (usually 3 year) RENTAL of a vehicle. There is a considerable industry - the Contract Hire and Leasing sector - in the UK, with the largest current player being LEX - a wholly owned subsidiary of the Halifax Bank of Scotland, that runs in excess of 250,000 vehicles.
Business Control Layer Business Control Layer (BCL) is a software layer in the provider's infrastructure residing between the network/OSS and the BSS. It allows providers to address customer service plans from a holistic business perspective bringing state-of-the-art capabilities like bundling, customer-recognition, and hierarchies to the OSS layer.
Business Council of Australia The Business Council of Australia (BCA) is an employers' organization, which represents the chief executives of approximately 100 large Australian corporations. It was formed in 1983 by the merger of the Business Roundtable - a spin-off of the Committee for Economic Development of Australia - and the Australian Industry Development Association.
Business development Business development encompasses a number of techniques designed to grow an economic enterprise. Such techniques include, but are not limited to, assessments of marketing opportunities and target markets, intelligence gathering on customers and competitors, generating leads for possible sales, followup sales activity, formal proposal writing and business model design.
Business Data Catalog Business Data Catalog, a new feature introduced in Microsoft Office SharePoint Server 2007, provides an easy way to integrate business data from backend applications, such as ERP systems, within SharePoint without writing any code.
Business Deal Records Business Deal Entertainment is a music collective in Austin, Texas that grew from the 1988 collaborations of Smokey Farris and Dirk Michener and their respective circles of friends in Cypress and Denton, Texas. The majority of current Business Deal members spawned from the side projects and numerous side-side projects of those early efforts.
Business Design Centre The Business Design Centre is an exhibition centre on Upper Street in the district of Islington in London, England. It occupies a Grade II listed building formerly known as the Royal Agricultural Hall, which opened in c.
Business Development Bank of Canada The Business Development Bank of Canada is a crown corporation financial institution wholly owned by the Government of Canada. BDC plays a leadership role in delivering financial and consulting services to Canadian small business, with a particular focus on technology and exporting.
Business education Business education is the enterprise of education directed at the study and research of the field of business. It includes secondary education and higher education or university education, with the greatest activity in the latter.
Business engineering Business engineering circumscribes the domain of designing new business fields. Unlike business development, business engineering does not only include marketing related tasks, but also most of the other business administration tasks.
Business ethics Business ethics is a form of the art of applied ethics that examines ethical rules and principles within a commercial context, the various moral or ethical problems that can arise in a business setting, and any special duties or obligations that apply to persons who are engaged in commerce.
Business Education Initiative The Business Education Initiative (BEI) is a study-abroad programme run by the British Council in association with the Department for Employment and Learning in Northern Ireland. Each year approximately 165 students are offered the chance to study business related subjects at participating U.
Business English Business English is English especially related to international trade. Many non-native English speakers study Business English with the goal of doing business with English-speaking countries, or with companies located in non-native English-speaking areas but nonetheless using English as a shared second language or lingua franca.
Business Enterprise Trust The Business Enterprise Trust was a nonprofit group founded in 1989 by television producer Norman Lear to laud companies for integrating social vision into their business plans. The Trust honored companies such as Inland Steel, where a grassroots employee team helped create opportunities for women and minorities, and McKay Nursery, which offered stock ownership to its migrant workers.
Business Express Airlines Business Express Airlines, often referred to simply as Business Express or BEX was an American airline that operated under the name Atlantic Air from 1982 to 1985, then under the Business Express becoming one of the first Delta Connection carriers along with ASA, Comair and Skywest. In the mid 90's they also added Northwest Airlink to the airlines they flew under.
Business group In business, a group, business group, corporate group, or (sometimes) alliance is a hybrid organizational form between a firm and market: typically, a cluster of legally distinct firms with a managerial relationship.Business Groups: Between Market and Firm by James R.
Business history Business history is the branch of economic history that deals with the history of business organizations, methods, government regulation, labor relations, and impact on society. It also includes biographies of individual companies and entrepreneurs.
Business improvement district A Business Improvement District (BID) is a public/private sector partnership in which property and business owners of a defined area elect to make a collective contribution to the maintenance, development and marketing/promotion of their commercial district. It is, in some ways, similar to a residential community association, but an appropriate analogy would be that of a suburban shopping mall, from which the idea for BIDs is, itself, modelled.
Business incubator Business incubators are organizations that support the entrepreneurial process, helping to increase survival rates for innovative startup companies. Only entrepreneurs with feasible projects are admitted into the incubators, where they are offered a specialized menu of support resources and services.
Business information Business Information is a broad category that includes data derived from newspapers, databases, competitive intelligence, and research related to gaining knowledge about companies, people and industries engaged in for-profit enterprises.
Business intelegant Business Intelegant is an organization development and coaching company based in Malmö, Southern Sweden. Specializes in Intelegance, a new movement in positive psychology that encourages people to find a complete work-life balance.
Business intelligence Business intelligence (BI) is a business management term which refers to applications and technologies which are used to gather, provide access to, and analyze data and information about their company operations. Business intelligence systems can help companies to have a more comprehensive knowledge of the factors affecting their business, such as metrics on sales, production, internal operations, and they can help companies to make better business decisions.
Business intelligence tools Business intelligence tools are a type of application software designed to help the business intelligence (BI) business processes. Specifically they are generally tools that aid in the analysis, and presentation of data.
Business is business Business is business (in french, Les affaires sont les affaires) is a french comedy in three acts, by the novelist and playwright Octave Mirbeau, performed in april 1903 on the stage of Comédie-Française, in Paris, and world-wide acclaimed, especially in Russia, Germany and United States. An English-language adaption by Sydney Grundy was produced in London in 1905.
Business Information Technology Business information technology (BIT), is a discipline that combines the activities of business and technology with the goal of combining business and information communications technology (ICT) to facilitate and exploit the use of information technology to foster and support business activities within the enterprise and externally to its clients.
Business International Corporation The Business International Corporation (BI) was a publishing and advisory firm dedicated to assisting American companies in operations abroad. In 1986, Business International was acquired by The Economist Group in London, and eventually merged with The Economist Intelligence Unit.
Business jet Business jet, private jet or, in slang, bizjet is a term describing a jet aircraft, usually of modest size, designed for transporting small groups of business people for commercial reasons at a time convenient to their business needs. Some business jets may be adapted for other roles, such as the evacuation of casualties or express parcel deliveries, and a few may be used by public bodies, governments or the armed forces.
Business judgment rule The business judgment rule is a case law-derived concept in Corporations law whereby a court will refuse to review the actions of a corporation's board of directors in managing the corporation unless there is some allegation of conduct that (1) violates (a) the directors' duty of care, (b) duty of loyalty, or (c) duty of good faith; or (2) that the decisions of the directors lacks a rational basis. Courts often analyze the rational basis requirement as part of the director's duty of good faith.
Business Japanese Proficiency Test The Business Japanese Proficiency Test (BJT) is a test administered by the Japan External Trade Organization (JETRO), designed to objectively measure a persons proficiency at communication using Japanese in a business environment. As of 2006 there were 34 test centres in 14 countries around the world.
Business Jet Traveler Business Jet Traveler is written for executives and high-net-worth individuals who regularly fly aboard private jets. Unlike "lifestyle" publications in the category of the Robb Report, Business Jet Traveler is a business publication containing articles on taxes, law and finance, new jet previews and CEO interviews, with limited lifestyle content.
Business Journal of Jacksonville Business Journal of Jacksonville is a weekly American City Business Journals publication containing articles about business people, issues, and events in northeast Florida and southeast Georgia. The paper, published in Jacksonville, Florida was previously named the Jacksonville Business Journal.
Business Journalist of the Year Awards The Business Journalist of the Year Awards, organized by the World Leadership Forum, are the only awards for business writers that are open to journalists of all nationalities, and the only awards to cover the entire spectrum of business and financial reporting.
Business letter A business letter is a letter written in a formal language, usually used when writing from one business organization to another, or for correspondence between such organizations and their customers, clients and other external parties. Business letters usually follow a block format.
Business license There are many regulations, licenses, and other miscellaneous certifications which are required in order to start a business, depending on the industry. However, a business license is generally required for all forms of companies, ranging from simple franchise purchasing to complex corporations.
Business logic In computing, in particular in object-oriented analysis and design of business computer systems, the business logic of a software system (sometimes called the domain logic because it relates to the problem domain or the functional process logic) is that part of the whole system that deals with the performance of business-related tasks, such as transactions or account updates. It is distinguished from presentation logic, which is the part of the system that embodies the presentation of the objects in the system to the user, and from the CRUD layer, which is the part of the system that embodies the raw database access.
Business Leaders for Sensible Priorities Business Leaders for Sensible Priorities is a nonprofit organization comprised of 700 buiness leaders. The campaign's goal is shift tax payers money away from military programs to social programs like education, healthcare, alternative energies, and deficit reduction.
Business Link Business Link is the United Kingdom Government’s multi-channel support service for micro, small and medium sized companies (SMEs). As a non-political organisation it is dedicated to helping new and existing businesses innovate, improve, grow and become more competitive.
Business magnate A business magnate, sometimes referred to as a mogul, tycoon, or industrialist is a person who has reached a prominent place in a particular industry (or set of industries) and whose wealth has been derived primarily therefrom. Such people usually amass substantial fortunes in the process, and tend to become widely known in connection with their business(es) or through other pursuits such as philanthropy.
Business manager In the context of the music industry, a business manager is an agent or representative of musicians and/or recording artists, whose main job is to supervise their business affairs, and the proper handling of their financial matters.
Business marketing Business marketing is the practice of organizations, including commercial businesses, governments and institutions, facilitating the sale of their products or services to other companies or organizations that in turn resell them, use them as components in products or services they offer, or use them to support their operations. Also known as industrial marketing, business marketing is also called business-to-business marketing, or b-to-b marketing, for short.
Business mathematics Business mathematics includes mathematics courses taken at an undergraduate level by business students. These courses are slightly less difficult and do not always go into the same depth as other mathematics courses for people majoring in mathematics or science fields.
Business mediator A business mediator is a neutral mediator that is engaged between two business parties that have required the services of the other and are deadlocked in an acrimonious debate. To avoid this, the business mediator will seek the necessary information from both individual parties and attempt to come to a resolved agreement on both parties' behalf.
Business Management Training College Business Management Training College, a South African college, in association with the Institute of Business Management - IBMA was established in 1973. The college has trained more than 100,000 students over 3 decades.
Business Mileage Reimbursement Rate The Business Mileage Reimbursement Rate is an optional standard mileage rate used in the United States for employee reimbursement when operating an automobile for business, charitable, medical or moving expense purposes. The General Services Administration sets the rate for federal jobs, while the Internal Revenue Service sets the rate for all others.
Business object (computer science) Business objects are objects in an object-oriented computer program that abstract the entities in the domain that the program is written to represent. For example, an order entry program needs to work with concepts such as orders, line items, invoices and so on.
Business objectives Business objectives are usually an abstract idea for the advancement of a business, such as "improve customer service" that can be converted into a measurable result, such as "call waiting time is reduced to 10 seconds".
Business organizations Business organizations is an area of law that covers the broad array of rules governing the formation and operation of different kinds of entities by which individuals can organize to do business. The term is also used to describe the entities themselves.
Business overhead expense Business overhead expense (BOE) disability insurance pays the insured’s business overhead expenses if he or she becomes disabled. A BOE policy pays a monthly benefit based on actual expenses, not anticipated profits.
Business Operating System The Business Operating System, or BOS, is an early cross-platform operating system originally produced for Intel 8080 and Motorola 6800 computers, subsequently for Z80-based computers, and then later for most microcomputers of the 1980s. CAP Ltd, a British company and at the time one of the world's largest Information Technology consulting firms, developed BOS.
Business partner Business partner is a term used to denote a commercial entity with which another commercial entity has some form of alliance. This relationship may be a highly contractual, exclusive bond in which both entities commit not to ally with third parties.
Business performance management Business performance management (BPM) is a set of processes that help organizations optimize their business performance. It is a framework for organizing, automating and analyzing business methodologies, metrics, processes and systems that drive business performance.
Business plan A business plan is a summary of how a business or entrepreneur intends to organize an entrepreneurial endeavor and implement activities necessary and sufficient for the venture to succeed. It is a written explanation of the company's business model for the venture in question.
Business process A business process is a set of linked activities that create value by transforming an input into a more valuable output. Both input and output can be artifacts and/or information and the transformation can be performed by human actors, machines, or both.
Business process automation Business process automation, or BPA is the process a business uses to contain costs. It consists of integrating applications, cutting labor wherever possible, and using software applications throughout the organization.
Business process interoperability Business process interoperability (BPI) is a state that exists when a business process can meet a specific objective automatically utilizing essential human labor only. Typically, BPI is present when a process conforms to standards that enable it to achieve its objective regardless of ownership, location, make, version or design of the computer systems used.
Business process orientation The concept of business process orientation (BPO) is based upon the work of Deming (Walton, 1996), Porter (1985), Davenport and Short (1990), Hammer (1993, 1996 and 1999), Grover et al (1995), and Coombs and Hull (1996). This body of work suggests that firms could enhance their overall performance by adopting a “process view” of the organization.
Business process outsourcing Business Process Outsourcing (BPO) is the leveraging of technology or specialist process vendors to provide and manage an organization's critical and/or non-critical enterprise processes and applications. The most common examples of BPO are call centers, human resources, accounting and payroll outsourcing.
Business process outsourcing in India The business process outsourcing industry in India has grown by leaps and bounds. Compared with 1996 when this Industry had started inroads into the United States with Outbound Telemarketing campaigns, today the vehicle for these calls-the internet has become cheaper and more reliable for the average Indian business.
Business process reengineering Business Process Reengineering is a management approach aiming at improvements by means of elevating efficiency and effectiveness of the processes that exist within and across organizations. It is a fundamental and radical approach by either modifying or eliminating non-value adding activities.
Business Park Sofia Business Park Sofia () is a business park currently in construction in Sofia, the capital of Bulgaria. Part of the larger Sofia Park complex which is also to feature a residential and commercial area, it would include 35 buildings and would spread over a plot of 220,000 m² and a total built-up area of 300,000 m².
Business Process Execution Language In computing, Business Process Execution Language (or BPEL, pronounced 'bipple', or 'bee-pell'), is a business process language that grew out of WSFL and XLANG. It is serialized in XML and aims to enable programming in the large.
Business Process Improvement Business Process Improvement (BPI) is a systematic approach to help any organization make significant changes in the way it does business. The organization may be a for-profit business, a non-profit organization, a government agency, or any other ongoing concern.
Business Process Management The term Business Process Management (or BPM) refers to activities performed by organizations to manage and, if necessary, to improve their business processes. While such improvements are hardly new, software tools called business process management systems (BPM systems) have made such activities faster and cheaper.
Business Process Mapping Business Process Mapping refers to activities involved in defining exactly what a business entity does, who is responsible, to what standard a process should be completed and how the success of a business process can be determined. Once this is done, there can be no uncertainty as to the requirements of every internal business process.
Business Process Modeling Language Business Process Modeling Language (BPML) is a meta-language for the modeling of business processes, just as XML is a meta-language for the modeling of business data. BPML was a proposed language, but now the BPMI has dropped support for this in favor of BPEL4WS.
Business Process Network Business process networks (BPN), also referred to as business service networks or business process hubs, enable the efficient execution of multi-enterprise operational processes, including supply chain planning and execution.
Business Professionals of America Business Professionals of America (Also known as BPA) is both a student and professional organization that aims to develop leadership, academic, and technological skills in the workplace among students and leaders within the community. BPA's colors are navy blue, tan, and red.
Business rates Business rates are a United Kingdom tax charged to businesses and other occupiers of non-domestic property. The proceeds of the tax are collected centrally and distributed to local authorities to contribute towards the costs of their services.
Business record A business record is a recording of business dealings that must be retrievable at a later date so that the business dealings can be accurately reviewed as required. Since business is dependent upon confidence and trust, not only must the record be accurate and easily retrieved, the processes surrounding its creation and retrieval must be perceived by customers and the business community to consistently deliver a full and accurate record with no gaps or additions.
Business rule Business rules or business rulesets describe the operations, definitions and constraints that apply to an organization in achieving its goals. For example a business rule might state that no credit check is to be performed on return customers.
Business rules approach Business rules are abstractions of the policies and practices of a business organization. The business rules approach is a development methodology where rules are in a form that is used by, but does not have to be embedded in business process management systems.
Business rules engine A business rules engine is a software system that helps manage and automate business rules. The rules a business follows may come from legal regulation ("An employee can be fired for any reason or no reason but not for an illegal reason"), company policy ("All customers that buy more than $100 at one time will receive a 10% discount") or other sources.
Business Readiness Rating Business Readiness Rating (BRR) is a proposed rating system for use by open source software community. It is hoped that the system will address testing and reliability requirements important in the enterprise environment, sharing and reducing the perceived TCO of open source software.
Business Review Weekly The Business Review Weekly (BRW) is an Australian weekly business magazine. It regularly publishes lists which rank corporations and individuals according to various criteria, much like Fortune magazine in the United States.
Business service provider Business service providers (BSPs) are companies that offer state-of-the-art business applications over the Web. These applications are built and delivered as Web service^ - designed with modern security, management, and identity standards to facilitate the plug-and-play integration of these services with other BSP services or with internal corporate Web services.
Business school A business school is a university-level institution that confers degrees in Business Administration. It teaches topics such as accounting, finance, marketing, organizational behavior, strategy and quantitative methods.
Business software Business software is generally any software program that helps a business increase productivity or measure their productivity. The term covers a large variation of uses within the business environment, and can be categorized by using a small, medium and large matrix:
Business speak Business speak is a term for seemingly out of place words used in a bureaucratic or financial environment. Some of these words may be new inventions, designed purely to fit the specialized meaning of a situation.
Business statistics Business statistics is the science of good decision making in the face of uncertainty and is used in many disciplines such as financial analysis, econometrics, auditing, production and operations including services improvement, and marketing research. These sources feature regular repetitive publication of series of data.
Business Signatures Business Signatures Corporation was founded in 2002 by veterans from Webvan and Oracle to develop software to monitor transactional flow in real-time. They currently develop and build software for customer intent managament, authentication, fraud prevention, and profit management.
Business Software Alliance The Business Software Alliance (BSA) is a trade group representing a number of the world's largest software makers. It is funded through membership dues based on member company's software revenues, and through settlements from companies it successfully brings action against.
Business Software Association Australia The Business Software Association Australia (BSAA) is an industry association in Australia of commercial software producers and corporations that advocates software copyright compliancy and assists the litigation of copyright infringement through support and funding. The BSAA typically retains the law firm Mallesons Stephen Jacques (a particularly notable Australian law firmLaw500) to investigate and litigate it's interests.

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