Leadership Terms and Philosophies

(Click on letters in bold to go directly on the terms that start with that letters.)

B

Blamestorming –  A meeting of colleagues at work, gathered to decide who is to blame for a mistake or error. Typically a method of collectively finding one to blame for a mistake no one is willing to confess to.

Board of Directors - A group of individuals, typically elected by the stockholders of a corporation who are responsible for appointing the chief executive staff officers and monitoring their performance.

Breach of Promise - The breaking of a promise which may have been either documented or undocumented.

Brainstorming - a procedure that encourages group members to verbally offer any spontaneous ideas that immediately comes to mind. These ideas are written on a blackboard or easel and no negative comments or gestures are allowed. Other members of the group are encouraged to build and expand upon the ideas. Brainstorming is considered helpful in stimulating creativity and reducing inhibition in problem solving. It also reduces the domination of the group by certain individuals since contributions are expected to be brief and spontaneous.

Business - An organizational enterprise established to provide a product or service in a profitable manner. It is usually a sole proprietorship, a partnership or a corporation.

Business Ethics - A standard of ideals and values used to conduct business activities including conduct toward employees, suppliers and customers.