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

Downsizing

Business administration; Business management

The reduction of the workforce within a business or organisation to gain operational efficiency.

Job analysis

Business administration; Business management

A key role for practitioners of industrial psychology, where the elements making up a job are studied in an attempt to match the tasks and skills necessary for successful performance with the ability ...

Habit

Business administration; Business management

A learned response to a given situation which occurs in such a regular fashion that it appears to be virtually automatic. Thus, it may at times be mistaken for innate behaviour and considered an ...

Decision tree

Business administration; Business management

A kind of flow chart used to summarise a possible sequence of decisions in which alternative choices are open at each stage and where each alternative is dependent on choices already made.

Autocratic leadership

Business administration; Business management

A leadercentred way of dealing with subordinates who are given no say in making decisions. In running an organisation this becomes authoritarian management.