20 Terms
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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
management audit
Business administration; Business management
An audit of all aspects of management in an organization to review the use of all resources and see whether any improvements in efficiency can be made. It includes an examination of career ...
Elton Mayo
Business administration; Business management
(1880–1949) An Australian psychologist and management specialist who worked at the Harvard Business School and had a great influence, during the 1920s and 1930s, on the development of industrial ...
capitalism
Business administration; Business management
An economic system characterized by the private ownership of a society’s resources; by competition in the pursuit of financial gain; and by support for the ideal (if not the practice) of a free ...
socialism
Business administration; Business management
An economic system, characterized by state ownership of the means of production and distribution, whose major theorist was Karl Marx. It is now very much out of fashion.
planned economy
Business administration; Business management
An economy under the central direction and control of the state (e.g. under the ideology of socialism), which would decide on matters like pay and production in the absence of market forces.
computer
Business administration; Business management
An electronic machine for processing information automatically and very quickly. According to SOD’s law it is always ‘down’ when needed most.
information highway
Business administration; Business management
An electronic network which links organizations or homes with providers of information, in its broadest sense (like telephone or television companies), by means of cable.
