IMR652 : MANAGEMENT OF BUSINESS RECORD Records management: general administrative management concerned with achieving economy and efficiency in the creation, maintenance, use and disposal of organizations' records concerned in making the information that is contained available in support of organization's business Business records: business information contains the transaction between two or more parties in the form of electronic and paper documents kept for evidence and references created in the course of conducting business Business records management: a field of management responsibility for the efficient and systematic control of the creation, maintenance, use and disposition of business records a vital process to achieve the efficiency and economy as well as to preserve the business records
IMR652 : MANAGEMENT OF BUSINESS RECORD A business record is a document (hard copy or digital) that records a business dealing. Business records include meeting minutes, memoranda, employment contracts and accounting source documents. Type of business records: 1. Administrative 2. Advertising 3. Accounting & Fiscal 4. Corporate 5. Executive 6. Insurance 7. Legal 8. Manufacturing 9. Plant & Property 10. Personnel 11. Sales & marketing 12. Taxation