Business management

Business management

General business management terms encompassing inventory management, security management, financial administration, business planning, and management services for all enterprise-wide information systems.

Industry: Business administration

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Business management

massed practice

Business administration; Business management

A technique of learning in which the lessons or periods of practice follow each other without a break. Generally speaking, and for most purposes, this is considered a less effective method of ...

action learning

Business administration; Business management

A technique of management development produced in the United Kingdom by R.G. Revans as an antidote to formal business school methods of training. As its name implies, this technique focuses on ...

action-centred leadership

Business administration; Business management

A technique of management development, first suggested in the United Kingdom in the early 1980s by John Adair, which seeks to provide training in leadership through practical problem solving. This is ...

positioning

Business administration; Business management

A technique of marketing that is closely allied to market segmentation. The position of a product in the market reflects the way consumers see it in relation to its competitors. The particular ...

Monte Carlo methods

Business administration; Business management

A technique of simulation, including computer simulation, that deliberately introduces an element of randomness, for reasons discussed in chaos theory.

management by walking about (MBWA)

Business administration; Business management

A technique suggested by some specialists in management science for keeping senior management, and especially the chief executive, in touch with what is actually happening in the organization. By ...

team-building

Business administration; Business management

A technique that aims to help work groups by improving the quality of their members’ interpersonal relations as well as their skill at solving problems and accomplishing their task. This is usually ...