5 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
man–machine system
Business administration; Business management
This is at the heart of ergonomics where the workplace is regarded as a system within which workers and machines are to be fully integrated.
divisional organization
Business administration; Business management
This is literally the division of an organization into sub-units. These may take the form of a functional organization (finance, marketing, production and so on) or separate business units ...
Taguchi technique
Business administration; Business management
This is named after the Japanese management specialist Genichi Taguchi. It is a technique used in quality control, which employs statistical methods to determine the best design of a new product in ...
Paula Principle
Business administration; Business management
This is not a female version of the peter principle but the inverse of it. It states that women in an organization are held below their level of competence. As the argument behind this principle is ...
cost plus
Business administration; Business management
This is probably the most common form of pricing policy, where a company would take as the basis for its price the cost (or an estimate of the cost) of producing the product or service in question ...
STEP Analysis
Business administration; Business management
This is sometimes used as an alternative acronym to a pest analysis.
information gathering
Business administration; Business management
This is the essential first step in setting up an information system, which requires a procedure for identifying and collecting information.
