activity based management (ABM) |
Definition
Approach to management that aims to maximize the value adding activities while minimizing or eliminating non-value adding activities. The overall objective of ABM is to improve efficiencies and effectiveness of an organization in securing its markets. It draws on activity based-costing (ABC) as its major source of information and focuses on (1) reducing costs, (2) creating performance measures, (3) improving cashflow and quality and, (4) producing enhanced value products.
email to a friend
print this definition
cite this definition
link to this page
activity based management (ABM) is in the Entrepreneurship, Management, & Leadership and Planning & Scheduling subjects.
activity based management (ABM) appears in the definition of the following term: activity based costing (ABC)
This content can be found on the following page:
http://www.businessdictionary.com/definition/activity-based-management-ABM.html