Essential Phrases for Professional Business Correspondence
Essential Phrases for Professional Business Letters
1. Salutations
- Dear Mr. Brown,
- Dear Miss White,
- Dear Madam,
- Gentlemen,
2. Starting the Letter
- We are writing to inform you that… (to confirm)
- I am contacting you for the following reasons.
- I am writing to tell you about…
- I would be interested in (obtaining/receiving)…
3. Referring to Previous Contact
- Thank you for your letter of July 23.
- Thank you for contacting us.
- In reply to your request…
- Thank you for your letter regarding…
4. Making a Request
- We
Taylor’s Scientific Management and Key Management Processes
Taylor’s Scientific Management Theory
Frederick Winslow Taylor introduced Scientific Management in the early 20th century to improve industrial efficiency by applying scientific methods to work processes. The main idea was to replace rule-of-thumb methods with the systematic study, measurement, and analysis of tasks.
Key Principles of Scientific Management
- Scientific Study of Work: Analyze each job scientifically to determine the most efficient way to perform it.
- Scientific Selection and Training:
Fundamentals of Global Commerce and Economic Integration
What is International Business?
Definition: International business involves the integration of goods, services, technology, capital, and knowledge across national borders.
It encompasses all commercial transactions that take place between two or more regions, countries, and nations beyond their political boundaries.
These transactions include private (for profit) and governmental (profit and political) activities, such as sales, investments, logistics, and transportation.
Economic resources transacted
Read MoreUnderstanding Social Business, CSR, and Impact Measurement
Defining Social Business and Social Needs
What is a Social Business?
A social business is defined as an enterprise whose primary objective is to solve an existing social need. It utilizes economic activity as a tool to contribute to the solution of the identified need.
What is the Main Objective of Social Businesses?
The main objective of social businesses is to maximize social impact.
Key Characteristics of Social Businesses
Social businesses are a new phenomenon that does not yet have a universally
Read MoreManagement: Definitions, Objectives, Roles, and Theories
Characteristics of Management
Management is a process that concentrates on reaching specific goals by working with and through people and other organizational resources.
Management – Definition
Management can be defined as the process of reaching specific goals by working with and through people and other organizational resources.
Objectives of Management
Organizational Objectives
- Reasonable profit
- Survival of business
- Growth & expansion of business
- Improve the reputation of the enterprise
Personnel
Read MoreManagement Concepts, Functions, and Roles
Management
What is Management?
Management is a process involving planning, organizing, directing, and controlling an organization’s resources.
Concepts of Management
There are five key concepts of management:
- Function Concept: Management is what a manager does (planning, executing, and controlling).
- Human Relation Concept: Management is the art of getting things done through and with people in organized groups.
- Leadership and Decision-Making Concept: Management is the art and science of preparing, organizing,