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

work simplification

Business administration; Business management

A process used in organization and methods or work study where a system of work is examined to see if unnecessary expenditure of energy can be removed. Compare with job simplification.

casualization

Business administration; Business management

A process, much used by the flexible firm, of reducing the number of permanent employees in favour of temporary staff who are only paid as and when they are required to work. An increasingly popular ...

product innovation

Business administration; Business management

A product whose production breaks new ground for an organization, either because of the process involved in producing it or the market it is aimed at.

user friendly

Business administration; Business management

A product, especially in the computer world, in which the needs and convenience of the potential user have been fully considered. A (rare) triumph of ergonomics, apparently. See also total quality ...

thematic apperception test (TAT)

Business administration; Business management

A projective technique developed in the late 1930s by the American psychologist Henry Murray. It consists of vague and ambiguous drawings (usually of one or two human figures), about each of which ...

framing effect

Business administration; Business management

A psychological effect based on human cognition in which we make judgements based on the cognitive framework within which a situation or proposition is put to us. Putting such a proposition to us on ...