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

affirmative action

Business administration; Business management

An American term used to describe the provision of opportunities for disadvantaged groups by paying particular attention to the recruitment, training and promotion of people who have been subject to ...

fixed pie myth

Business administration; Business management

An American version of a zero-sum game that does not in fact exist in a given situation.

pay

Business administration; Business management

An amount of money paid on a regular basis to people in regular employment. Payment may be of wages or salary, in cash or by cheque, or by direct bank transfer.

manpower analysis

Business administration; Business management

An analysis of the employees in an organization that attempts to identify patterns and trends in their employment. It will examine, for instance, the distribution of employees by age, sex, skill, job ...

re-engineering

Business administration; Business management

An approach to changing an organization, popularized in the early 1990s by Michael Hammer and James Champy, that focuses on the organization’s processes rather than its traditional functions. It ...

business transformation

Business administration; Business management

scientific management

Business administration; Business management

An approach to management, based on the theories of F.W. Taylor, dealing with the motivation to work. It sees it as a manager’s duty to find out the best way to do a given job, by a process of work ...