Balance Sheet - A report that shows the financial picture of a company at a given time and itemizes assets, liabilities, and stockholders’ equity.
Balanced Scorecard - Control system combining four sets of performance measures: financial, customer, business process, and learning and growth.
Barriers to Entry - Conditions that prevent new companies from entering an industry.
Behavioral Approach - A leadership perspective that attempts to identify what good leaders do—that is, what behaviors they exhibit.
Benchmarking - The process of comparing an organization’s practices and technologies with those of other companies.
Bootlegging - Informal work on projects,other than those officially assigned, of employees’ own choosing and initiative.
Boundaryless Organization - Organization in which there are no barriers to information flow.
Bounded Rationality - A less-than-perfect form of rationality in which decision makers cannot be perfectly rational because decisions are complex and complete information is unavailable or cannot be fully processed.
Brainstorming - A process in which group members generate as many ideas about a problem as they can; criticism is withheld until all ideas have been proposed.
Bridge Leaders - A leader who bridges conflicting value systems or different cultures.
Broker - A person who assembles and coordinates participants in a network.
Budgeting - The process of investigating what is being done and comparing the results with the corresponding budget data to verify accomplishments or remedy differences; also called budgetary controlling.
Buffering - Creating supplies of excess resources in case of unpredictable needs.
Bureaucratic Control - The use of rules, regulations, and authority to guide performance.
Business Ethics - The moral principles and standards that guide behavior in the world of business.
Business - Incubators Protected environments for new, small businesses.
Business Plan - A formal planning step that focuses on the entire venture and describes all the elements involved in starting it.
Business Strategy - The major actions by which a business competes in a particular industry or market.