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

Business transformation

Business administration; Business management

An approach to changing an organization, popularised in the early 1990s by Michael Hammer and James Champy, that focuses on the organization's processes rather than its traditional functions. It ...

Re-engineering

Business administration; Business management

An approach to changing an organization, popularised in the early 1990s by Michael Hammer and James Champy, that focuses on the organization's processes rather than its traditional functions. It ...

Human relations

Business administration; Business management

An approach to organisational theory that arose in the 1930s in opposition to the scientific management school. The human relations approach was greatly influenced by the hawthorne studies and the ...

Manpower analysis

Business administration; Business management

An analysis of the employees in an organisation that attempts to identify patterns and trends in their employment. It will examine, for instance, the distribution of employees by age, sex, skill, job ...

Affirmative action

Business administration; Business management

An American term used to describe the provision of opportunities for disadvantaged groups by paying particular attention to the recruitment, training and promotion of people who have been subject to ...

Executive washroom

Business administration; Business management

An American term for the lavatory used exclusively by senior management. The term is used metaphorically to distinguish the people with high status in an organisation from the rest. Having the key to ...

Pay

Business administration; Business management

An amount of money paid on a regular basis to people in regular employment. Payment may be of wages or salary, in cash or by cheque, or by direct bank transfer.