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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
Gentleman’s agreement
Business administration; Business management
A verbal contract which is not legally binding and depends for its implementation on the sense of honour of the 'gentlemen' involved. In practice, this kind of agreement often works as well as, if ...
Batch production
Business administration; Business management
A type of production different from mass production or continuous process production in that it is used where identical items are to be manufactured and processed in groups, or batches, rather than ...
Democratic management
Business administration; Business management
A type of management which emphasises the importance of consulting people about the work of the organisation and involving staff at all levels in the process of making decisions. Usually contrasted ...
Panacea
Business administration; Business management
A universal remedy for all problems in an organization. Ideally, it should be cheap, painless and change nothing important, which is why reorganisation is such a great favourite.
Market niche
Business administration; Business management
A unique place or gap in the market for a given product. See also unique selling point.
Scientific management
Business administration; Business management
An approach to management, based on the theories of F.W. Taylor, dealing with the motivation to work. It sees it as a manager's duty to find out the best way to do a given job, by a process of work ...
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