15 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
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Business management
featherbedding
Business administration; Business management
(1) A restrictive labour practice where more staff are employed than is necessary for the work to be done. (2) An economic environment which provides companies with easy profits; for example, because ...
growth
Business administration; Business management
(1) In economics, this is the expansion of a business organization or the economy in general. The rate of growth in the latter is usually measured by the rate of change in the gross domestic product. ...
iterative process
Business administration; Business management
(1) In operational research, this refers to a mathematical technique for making successive approximations in the search for a solution by the method of repeated calculations. (2) In a bureaucracy, ...
management science
Business administration; Business management
(1) The application of scientific methods, and particularly quantitative methodology, to the practice of management. (2) The application of a specifically behavioural science or social science ...
vocational guidance
Business administration; Business management
A branch of occupational psychology which helps people to choose an occupation or a career which will be of mutual benefit to them and their prospective employers. It makes use of the interview ...
assertiveness training
Business administration; Business management
A form of training designed to increase a person’s confidence. It uses a technique of behaviour modification intended to help people overcome inhibitions about expressing their feelings, but without ...
work experience
Business administration; Business management
A period of time spent doing unpaid work in a workplace environment by young people about to leave school, as preparation for future employment.
