Name: The AMA Dictionary of Business and Management
Author: George Kurian (Author)
ISBN: 9780814420287

The AMA Dictionary of Business and Management book cover

The AMA Dictionary of Business and Management

Author(s): George Kurian (Author)

Publisher: AMACOM
Publication Date: April 23, 2013
Edition: First Edition
Language: English
Print length: 304 pages
ISBN-10: 0814420281
ISBN-13: 9780814420287

Book Description

What in the world is an acid test ratio, and what does chemistry have to do with anything? How can you talk about your chase demand strategy, per request of the board, if you have no idea what they’re talking about? The business world today consists of a constantly growing range of terminology that not even the brightest and most confident MBA graduates can improvise their way through without a thorough understanding of what they’re talking about. The AMA Dictionary of Business and Management is your one-stop reference guide to learning this array of terminology so you can impress your bosses and intimidate your peers.Prepared by a noted encyclopedist, this invaluable, one-of-a-kind resource covers a vast range of terminology from all areas of business including management, strategy, finance, human resources, economics, marketing, sales, insurance, and international business. The book explains accounting rules, legal terminology, slang and buzzwords, acronyms, management theories, historical figures, economic concepts, performance metrics, and more--all the crucial ideas that have transformed business practices and management science in the past 25 years.With the clear, authoritative explanations of more than 6,000 key business terms--including thousands of technical terms omitted from even premiere unabridged dictionaries--as well as longer entries for ideas needing more elaborate explanations, The AMA Dictionary of Business and Management supplies the depth and clarity needed to better understand the expansive and complex business world of the twenty-first century.

Editorial Reviews

From Booklist

From buzzwords to human resources terms, the authoritative and complete definitions in The AMA Dictionary of Business and Management demystify business and management terminology, making communication more concise and effective. Kurian, a noted encyclopedist, includes longer entries, mini profiles of historical business figures, a pronunciation guide, special sections on usage, and a thesaurus. Other topics covered include management principles, legal terminology, finance, banking, marketing, and much more. With 6,000 key terms, this dictionary is a great resource for instructors, business students, and players in today’s business world. --Jennifer Adams

From the Back Cover

From a trusted name in business and management, a major new dictionary to key terms in the field.

From Abilene paradox to zero-based budgeting, The AMA Dictionary of Business and Management supplies quick, comprehensible definitions to more than 6,000 terms spanning a multitude of fields:

• Accounting

• Brand Management

• Economics

• Finance

• HR

• International Business

• Labor Relations

• Law

• Leadership

• Management Science

• Management Practices

• Planning

• Performance Metrics

• Productivity

• Quality Control

• Quantitative Analysis

• Sales and Marketing

• and much more!

And it offers an unparalleled set of features:

Authoritative information: The American Management Association and noted encyclopedist George Thomas Kurian join forces to provide information you can trust for accuracy and usefulness.

Expansive coverage: Every important area of business and management is clearly explained, including accounting rules, legal terminology, slang and buzzwords, acronyms, management theories, historical figures, economic concepts, performance metrics, and much more.

Management focus: No other dictionary on the market covers the field of management with as much breadth or depth, making it a valuable desktop companion for managers and executives.

Concise explanations: Concepts are stripped of technical jargon and neatly summarized for quick reading. A Wikipedia entry for Kaldor-Hicks efficiency, for example, is 1,124-words long and packed with complicated terms from economics; the same entry here clarifies the idea in 61 words.

Longer summaries: Dozens of terms provide easy-to-understand overviews of complex topics.

For managers, executives, and business students and faculty, this is the one essential guide needed for quickly understanding every new idea or concept that has made a profound impact on business and management in the 21st century.

About the Author

GEORGE THOMAS KURIAN is president of the Encyclopedia Society, an international group of encyclopedists and knowledge builders who have produced more than 61 encyclopedias, dictionaries, atlases, chronologies, and other reference works.

Excerpt. © Reprinted by permission. All rights reserved.

A1 In life and marine insurance, rating

given to person or property in perfect

condition.

AAA Prime rating given to securities by

Standard and Poor’s.

AAP Affirmative Action

Program

Abandonment 1. Final stage in a product

life cycle when the decision is made to discontinue

it. 2. Relinquishing a product to a

third party with or without a settlement or

compensation.

Abandonment option Choice of terminating

an investment before its scheduled

closing date.

ABB Activity-based budgeting

ABC Activity-based costing

ABC Audit Bureau of

Circulation

Abilene paradox Th eory that some decisions

ostensibly based on consensus are

counterproductive because they are founded

on misperceptions and poor communications.

Proposed by Jerry Harvey, Professor

Emeritus of Management, George Washington

University, in 1974.

Abnormal return Rate of return for a risk

greater than that required or expected by

analysts.

Above-the-line 1. Entries in a profi t-andloss

account that are within the ordinary

activities of business. 2. Entries in a balance

sheet dealing with revenue, as opposed to

capital. Compare Below-the-line. 3. Advertising

through television, radio, newspapers,

and Internet.

Abreaction channel Mechanisms for employees

to express dissatisfaction with their

work or their superiors.

Absence culture Corporate culture in which

absenteeism is condoned.

Absenteeism Unauthorized leave from

work, especially repeatedly.

Absolute cost advantage Cost of producing

AMA Dictionary of Business and Management.indb 1 01/02/13 3:14 PM

A 2 Th e AMA Dictionary of Business and Management

particular products as infl uenced by certain

advantages, such as cheap labor or abundant

natural resources.

Absolute cost barrier Built-in obstacle to

entry into a new market, such as the advantage

held by established or large fi rms.

Absolute market share Per capita income.

See Relative share.

Absolute monopoly Severe form of monopoly

in which production and distribution

of a product or service is in the hands

of a single corporation.

Absolute performance standard Th eoretical

standard of performance, such as Zero

defect, against which actual performance

may be judged.

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