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

zero-sum game

Business administration; Business management

In game theory, this is a situation where one person’s losses are another’s gains because there is a finite amount to be won; that is, the gains and losses in the game add up to zero. This situation ...

minimax strategy

Business administration; Business management

In game theory, this is the strategy of choosing to minimize loss rather than maximize gain.

identification

Business administration; Business management

In general terms, this implies recognizing the identity or nature of someone or something. In psychoanalysis, it refers to the phenomenon of emulating the behavior of a person with whom one has a ...

mindguards

Business administration; Business management

In groupthink, these are the group members who guard the group against outsiders and prevent their disturbing ideas from getting through.

peak experience

Business administration; Business management

In humanistic psychology, this term refers to a rare moment of great emotional power in which a person feels something akin to ecstasy, where she or he is at one with herself or himself and with the ...

demarcation dispute

Business administration; Business management

In industrial relations this is a disagreement between trade unions about the way in which work should be divided between different groups of workers, where each union claims the right to do certain ...

grievance procedure

Business administration; Business management

In industrial relations, this is a series of arrangements for settling grievances that employees have against their employers, either directly or between their management and trade union ...