Business management

administration of the business transactions of a profit-oriented enterprise

conceptual grouping of economic activities

Offshoring is the relocation of a business process from one country to another—typically an operational process, such as manufacturing, or supporting processes, such as accounting. Usually this refers to a company business, although state governments may also employ offshoring. More recently, technical and administrative services have been offshored.

systematic planning, management and control of innovation in organizations

idea that advantage consists in lower cost, greater value, and niche or wide market focus

Nearshoring is the outsourcing of business processes, especially information technology processes, to companies in a nearby country, often sharing a border with the target country. Both parties expect to benefit from one or more of the following dimensions of proximity: geographic, temporal (time zone), cultural, social, linguistic, economic, political, or historical linkages.

integrated business management process

style of business management which involves managers wandering around, in an unstructured manner, through the workplace(s), at random, to check with employees, equipment, or on the status of ongoing work

or on-demand enterprise – a business fulfilling orders immediately

management of front-line workforce who are directly involved in the production or delivery of products, goods and/or services

planning, organizing, directing, and implementing an organization's commercial activities