Ongoing recurring activities involved in the running of a business for the purpose of producing value for the stakeholders .

An opportunity to generate income as a business owner and not an employment opportunity.

An individual who owns and operates a business whether it be small or large. This individual also profits from the net gain of the company.

A policy that protects small businesses for property damage .

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 […]

A set of management and analytic processes that enable the performance of an organisation to be managed with a view to achieving one or more pre-selected goals.

The philosophy of business considers the fundamental principles that underlie the formation and operation of a business enterprise; the nature and purpose of a business, for example, is it primarily […]

A business plan is a formal statement of a set of business goals, the reasons why they are believed attainable, and the plan for reaching those goals. It may also […]

Essential features of processes needed to effect standard operating procedures in a consistent manner.

A collection of related, structured activities or tasks that produce a specific service or product (serve a particular goal) for a particular customer or customers.

Analyzing business processes to determine if there is a more effective way to perform the existing ones, or if they should be completely re-designed. Typical reasons for BPI include outmoded […]

Assumptions and other principles that are underlying a business process design and this also determines the activities or events and how they are played out.

A management approach focused on aligning all aspects of an organization with the wants and needs of clients. Involves the use of appropriate tools and techniques to design, analyze, and […]

Refer to business process re- engineering .

The analysis and design of workflows and processes within an organization . A business process is a set of logically related tasks performed to achieve a defined business outcome. Re- […]

If representatives were to be bodily harmed or injured or if any damage were to be done to the property, insurance for the business owned property would cover it.

A phrase denoting that the main intent of traveling out of town was to transact business.

Business receipts represent the gross receipts or sales less returns and allowances from trade or business income .

the exception to a rule that bars the introduction of hearsay evidence in law suits.

This is another part of the business continuity planning executed if a disaster should occur. The whole goal of the planning is to make sure the business will recover at […]

The RISK of loss arising from a temporary disruption in business activities due to lack of accessibility to physical infrastructure. Business recovery risk is typically firm, business or productspecific and […]

Freepost is a postal service provided by various postal administrations, whereby a person sends mail without affixing postage, and the recipient pays the postage when collecting the mail. Freepost differs […]

Anything and everything that helps a company operate and do business.

The process in which all operations of a business or firm are restored after a disaster or emergency.

A business (also known as acompany, enterprise, and firm’) is a legally recognized organization designed to provide goods or services, or both, to consumers, businesses and governmental entities. Businesses are […]