E-commerce Business: How to Build, Launch, and Grow a Profitable Online Store

E-commerce (also known as electronic commerce) Business is the process of buying and selling of products or services, making money transfers, and transferring data over an electronic medium (Internet). This network allows people to do business without the constraint of distance and time. There are various types of online business options that you can

Enterprise Project Management: meaning, benefits, process and best practices

Traditional project management is the process of leading the work of a team to achieve goals and meet success criteria at a specified time. Enterprise project management puts the focus on the enterprise, prioritizing and highlighting its business goals and managing and grouping projects to ensure they meet those broader organizational objectives. The end objective

Logistics Management: meaning, functions, importance, process and best practices

Logistics refers to the overall process of managing how resources are acquired, stored, and transported to their final destination. Logistics management involves identifying prospective distributors and suppliers and determining their effectiveness and accessibility. This is the process of strategically managing the procurement, movement and storage of materials, parts and finished inventory (and the related

Supply Chain and Supply Chain Management

A supply chain is a network between a company and its suppliers to produce and distribute a specific product to the final buyer. This network includes different activities, people, entities, information, and resources. The chain also represents a series of steps involved to get a product or service to the customer. The steps include

Management Information System

Management Information System (MIS) is the study of people, technology, organizations, and the relationships among them. MIS professionals help firms realize maximum benefit from investment in personnel, equipment, and business processes. MIS is a people-oriented field with an emphasis on service through technology. If you have an interest in technology and have the desire

What is Corporate Finance? Fundamentals, Principles and Features

Corporate finance refers to activities and transactions related to raising capital for the creation, development and acquisition of a business. It is directly related to company decisions which have financial or monetary impacts. It can be considered as a liaison between the capital market and the organisation. The corporate finance definition also encompasses effective

Stock market: functioning and investments

The stock market refers to public markets that exist for issuing, buying, and selling stocks that trade on a stock exchange or over-the-counter. Stocks, also known as equities, represent fractional ownership in a company, and the stock market is a place where investors can make investments by buying and selling ownership of such investible

Corporate accounting: definition, functions and branches

Definition and principles of corporate accounting Corporate accounting is a process, which systematically and comprehensively records business events and transactions, and translate it into the financial information of the business entity to assist  the stakeholders in the decision-making process. In this process, the transactions are identified, recorded, arranged, summarized, simplified properly and then communicated

Office Management: definition, types, process, jobs and best practices

Office management is a profession involving the design, implementation, evaluation, and maintenance of the process of work within an office or other organization, in order to sustain and improve efficiency and productivity. It is thus a part of the overall administration of business and since the elements of management are forecasting and planning, organising, command, control and coordination, the office is a part

Famous books and articles in library

A B C D E F G H I J K L M N O P Q R S T U V W X Y Z 0-9 & other A Applied Meta-Analysis for Social Science Research – by Card Noel A. (2015), The Guilford Press; Annotated edition. B Buddhist Scriptures – by Donald S.

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Review: The Theory of Moral Sentiments

Consists of 7 parts: Part I: Of the propriety of action Part II: Of merit and demerit; or of the objects of reward and punishment Part III: Of the foundations of our judgments concerning our own sentiments and conduct, and of the sense of duty. Part IV: Of the effect of utility upon the

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Review: The Wealth of Nations

An Inquiry into the Nature and Causes of the Wealth of Nations, generally referred to by its shortened title The Wealth of Nations, is the magnum opus of the Scottish economist and moral philosopher Adam Smith. First published in 1776, the book offers one of the world’s first collected descriptions of what builds nations’ wealth, and is today a fundamental work in classical economics.

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Review: “The Visible Hand: The Managerial Revolution in American Business”

The Visible Hand: The Managerial Revolution in American Business is a book by American business historian Alfred D. Chandler, Jr., published by Harvard University Press in 1977. Chandler argues that in the nineteenth century, Adam Smith’s famous invisible hand of the market was supplanted by the “visible hand” of middle management, which became “the most powerful institution in the American economy”.[1]

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The Functions of the Executive

The Functions of the Executive is a book by Chester I. Barnard (1886–1961) that presents a “theory of cooperation and organization” and “a study of the functions and of the methods of operation of executives in formal organizations.”[1]:xi-xii It was originally published in 1938; a Thirtieth Anniversary edition, published in 1968, is still in print.[2][3] The book is notable for its focus on

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List of Great Thinkers

All Great Thinkers are alphabetically sorted by their

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Ludwig Elder von Mises

Ludwig Elder von Mises, the eminence of the “Austrian School” of economics, may be best known for his part in a debate that raged during the early part of the 20th Century about the possibility of successful economic coordination under socialism. Mises argued forcefully that state ownership of the means of production makes the best

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Nature and scope of science

Science (from the Latin word scientia, meaning "knowledge") is a systematic enterprise that builds and organizes knowledge in the form of testable explanations and predictions about the universe. The earliest roots of science can be traced to Ancient Egypt and Mesopotamia in around 3500 to 3000 BCE. Their contributions to mathematics, astronomy, and medicine entered and shaped Greek natural philosophy of classical antiquity, whereby formal attempts were made to provide explanations of events in the physical world based on natural

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Social Science: meaning, nature and scope

Social science is the branch of science devoted to the study of human societies and the relationships among individuals within those societies. The term was formerly used to refer to the field of sociology, the original “science of society”, established in the 19th century. In addition to sociology, it now encompasses a wide array of academic disciplines, including anthropology, archaeology, economics, human geography, linguistics, management science, media studies, musicology, political science, psychology, and social history.

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What is a Scientific Theory?

A scientific theory is an explanation of an aspect of the natural world that can be repeatedly tested and verified in accordance with the scientific method, using accepted protocols of observation, measurement, and evaluation of results. Where possible, theories are tested under controlled conditions in an experiment. In circumstances not amenable to experimental testing, theories are evaluated through principles of abductive reasoning. Established scientific theories have withstood rigorous scrutiny and embody

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The becoming and evolution of a scientific theory

The process of becoming a scientific theory The scientific method involves the proposal and testing of hypotheses, by deriving predictions from the hypotheses about the results of future experiments, then performing those experiments to see whether the predictions are valid. This provides evidence either for or against the hypothesis. When enough experimental results have been gathered in a particular

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