Download The Concise Dictionary of Business Management by David Statt PDF

By David Statt

With elevated insurance in components like human kinfolk administration, company economics, company approach, monetary administration, info expertise, and administration accounting and advertising and marketing, this moment variation of The Concise Dictionary of commercial administration has been thoroughly revised and up to date to mirror the altering international of labor and new know-how. it's been accelerated to incorporate many new phrases and buzzwords equivalent to: contracting out, telecommuting, occupational selection, glass ceiling, superwoman, digital brainstorming, web and digital company. it's the excellent speedy reference consultant for college students and execs desirous to minimize throughout the jargon of commercial and administration.

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Deindividuation Feelings of anonymity and being part of a crowd. A blurring of individual IDENTITY and a loosening of INHIBITIONS often follows. This is the psychological basis for any kind of mob behaviour. delayed gratification In SOCIOLOGY this term is used to describe the act of forgoing present satisfaction for the sake of greater satisfaction in the future; for example, saving money rather than spending it. It is supposed to be most typical of the middle classes in our type of society, who can afford to be more future-oriented.

Capitalism An economic SYSTEM characterized by the private ownership of a society’s resources; by COMPETITION in the pursuit of financial gain; and by support for the ideal (if not the practice) of a FREE MARKET in goods and services. career A line of WORK that a person expects to pursue for his or her foreseeable working life, though it might include changes in JOB or employer. In fact it is now case studies 21 generally accepted that both job and career changes are an inevitable, and probably desirable, aspect of a career and that these changes will often be associated with periods of education and TRAINING.

Contingency planning The attempt to anticipate emergencies or unexpected difficulties that might arise in the future. contingency theory of leadership Any theory of LEADERSHIP which emphasizes the need for flexibility in dealing with any given situation. The complexity of the modern ORGANIZATION means that effective leadership is contingent upon a great many factors: what may be successful in one context may not be so in another. continuous improvement See KAIZEN. continuous process production A manufacturing technique in which raw materials are fed in at one end of a process and finished products emerge at the other in one continuous uninterrupted flow—hence the alternative name FLOW 34 contracting out Figure 11 Consumer satisfaction/dissatisfaction PRODUCTION.

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