ACTIVITY BASED MANAGEMENT (ABM)
\aktˈɪvɪti bˈe͡ɪst mˈanɪd͡ʒmənt ˈabəm], \aktˈɪvɪti bˈeɪst mˈanɪdʒmənt ˈabəm], \a_k_t_ˈɪ_v_ɪ_t_i b_ˈeɪ_s_t m_ˈa_n_ɪ_dʒ_m_ə_n_t__ ˈa_b_ə_m]\
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When management adds activities that help and removes ones that don't. It improves efficiency and market effectiveness. It tries to reduce cost, measure performance, improve cash flow, improve quality, and enhance value or a product.
By Henry Campbell Black
