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

‘me-too’ product

Business administration; Business management

A new product whose promotion deliberately attempts to model it on, or even mimic, the market leader in the hope that potential consumers will conflate the two in their minds and choose the former by ...

coping strategy

Business administration; Business management

A pattern of behavior that someone uses repeatedly in dealing with perceived stress.

severance pay

Business administration; Business management

A payment made to an employee either because his contract of employment has ended or because he has to lose his job through no fault of his own; for example, through redundancy.

real time

Business administration; Business management

A period of time during which an online computer is processing the data about a particular situation while that situation is actually in progress, thus allowing for instant updating, as in an airline ...

time in lieu

Business administration; Business management

A period of time off work, usually taken at the employee’s discretion, to make up for time worked over and above normal working hours; that is, an exchange of time for the money that would have been ...

authoritarian personality

Business administration; Business management

A person characterized by a concern with obedience and various traits of personality that seem to be associated with it, such as low tolerance for ambiguity, high prejudice, rigid adherence to ...

picket

Business administration; Business management

A person or group posted outside their workplace as a trade union presence during an industrial dispute. The picket will try to persuade other workers to support their side of the dispute by not ...