20 Terms
Home > Industry/Domain > Business administration > 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
Add a new termContributors in Business management
Business management
training
Business administration; Business management
An area of personnel management concerned with making the best use of the human resources in an organization by providing them with the appropriate instruction to acquire the necessary skills for ...
health and safety at work
Business administration; Business management
An area of work subject to a great deal of detailed legislation in most industrialized countries because of the importance of labor to productivity.
day release
Business administration; Business management
An arrangement whereby an employee is given time off work (usually one day a week) without loss of pay, to further his or her education or training with formal study.
need for power
Business administration; Business management
An aspect of motivation suggested by David McClelland. It is a need to influence other people and have them do things they would not otherwise do. Such people tend to be very concerned with their ...
behaviorally anchored rating scale (BARS)
Business administration; Business management
An assessment instrument that often uses the critical incident technique, thereby ‘anchoring’ it in employees’ actual behavior. It may then be used to assess a given person in a performance appraisal ...
quick fix
Business administration; Business management
An attempt (often desperate) to deal with a complex management issue in a business organization by applying a simple-minded, fast-acting ‘solution’. Reorganization of the company is a firm favourite, ...
customer relationship management (CRM)
Business administration; Business management
An attempt by an organization to retain its customers by fostering their perception that they each have a relationship with it beyond the mere buying and selling of products.
