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

royalty

Business administration; Business management

A fee paid to an author or composer on each sale of published work for which she or he holds the copyright, or to an inventor for the use of an invention for which she or he holds the patent.

retail price index (RPI)

Business administration; Business management

A figure, calculated monthly, which reflects the cost of a set of basic goods and services used by most of the United Kingdom population. It is generally used as an indicator of changes in inflation ...

Zeigarnik effect

Business administration; Business management

A finding by a gestalt psychologist named Bluma Zeigarnik that subjects are more likely to remember details of tasks during which they were interrupted than those they were allowed to complete. The ...

foreman

Business administration; Business management

A first-line supervisor responsible for a group of workers on the shop floor. Usually one level above chargehand.

learning plateau

Business administration; Business management

A flattening of the learning curve due to a temporary halt in learning progress.

matrix organization

Business administration; Business management

A flexible form of organizational structure often used in situations which require a mix of people with different skills and experience to be focussed on a particular task, or an unusual project that ...

swing shift

Business administration; Business management

A flexible form of shift work practice where a shift has no set hours. The workers have a variable number of hours at work, depending on the circumstances, in order to ensure the continuity of ...