Business Administration Glossary of Terms

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6 Terms

1
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180 Degree Feedback

Performance appraisal data collected from peers or colleagues (at the same level as the employee) and their manager

2
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360 Degree Feedback

Performance appraisal data collected from ‘all around’ an employee; their peers, subordinates, supervisors and sometimes from internal and external customers

3
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5 Stages of Project Management

  1. Initiation

  2. Planning

  3. Execution

  4. Monitoring and Control

  5. Closure


4
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7 Ps of Marketing

  1. Product

  2. Price

  3. Place

  4. Promotion

  5. People

  6. Process

  7. Physical Environment


5
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8 Principles of Data Protection

  1. Fairly and lawfully processed

  2. Processed for limited purposes

  3. Adequate, relevant and not excessive

  4. Accurate

  5. Not kept for longer than is necessary

  6. Processed in line with your rights

  7. Secure

  8. Not transferred to other countries without adequate protection


6
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Accrual

The accumulation or increase of something over time, such as payments of benefits. This can also be a charge for work that has been done but not yet invoiced, for which provision is made at the end of the financial period.