MANAGEMENT SYSTEM
\mˈanɪd͡ʒmənt sˈɪstəm], \mˈanɪdʒmənt sˈɪstəm], \m_ˈa_n_ɪ_dʒ_m_ə_n_t s_ˈɪ_s_t_ə_m]\
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Documented, tested, step-by-step method of issue-free functioning using standard practices. Contains details on (1) enterprise management, (2) corporate policy implementation, (3) accounting, monitoring, and quality control procedures implementation, (4) selecting and developing employees, (5) selecting suppliers to get best value from them, and (6) marketing and distribution. Used primarily in franchising industry.
By Henry Campbell Black
Word of the day
Snake's-head
- Guinea-hen flower; -- so called in England because its spotted petals resemble the scales of a snake's head.