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

monopoly

Business administration; Business management

A situation in which a market is under the control or domination of a single organization. This condition is generally considered to be met at one-quarter to one-third of the market in question. A ...

discontinuous innovation

Business administration; Business management

A situation in which a new product is introduced to the market whose use requires some new form of behavior by the consumer, behavior that is ‘discontinuous’ from existing behavior. This is the ...

short-time working

Business administration; Business management

A situation in which a workplace is forced to work a reduced working week because of a shortage of orders. This is seen as a temporary measure to cut labor costs while retaining the workforce intact, ...

equal opportunities

Business administration; Business management

A situation in which access to employment, promotion, training and other aspects of work is available to individuals regardless of non-work-related personal factors like age, color or sex.

closed shop

Business administration; Business management

A situation in which all the members of an organization must belong to the appropriate trade union. After legislation passed in the 1980s this is no longer formally possible in the United Kingdom.