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Business administration

Business management best practices including corporate strategy development, financial management, human resource management, information management, resource planning, marketing and sales.

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Business administration > Business management

self-censorship

Business administration; Business management

A situation in which people do not say what they really think in a group discussion, for the sake of group cohesiveness. This is one of the factors contributing to groupthink.

synergy

Business administration; Business management

A situation in which the co-operation of two or more individuals, groups or organizations produces a combined effect which is greater than could have been produced by the sum of ...

industrial democracy

Business administration; Business management

A situation in which the management in an organization or an industry shares power with the workers or their representatives in making decisions about their work and about the ...

management buyout

Business administration; Business management

A situation in which the managers of a business organization make a bid to own it, in whole or in part, by buying out the original shareholders and then operating as a separate ...

employee ownership

Business administration; Business management

A situation in which the people who work for an organization own some, or even all, of its shares. Figures vary from country to country, but most employees own no shares at all in ...

information overload

Business administration; Business management

A situation in which the sheer amount of information in an information system is simply too great to be coped with by the information management available.

undermanning

Business administration; Business management

A situation in which there are fewer people employed by an organization than are necessary for the efficient performance of its work. Compare with overmanning.