MANAGERIAL FLEXIBILITY
\mˌanɐd͡ʒˈi͡əɹɪə͡l flˌɛksɪbˈɪlɪti], \mˌanɐdʒˈiəɹɪəl flˌɛksɪbˈɪlɪti], \m_ˌa_n_ɐ_dʒ_ˈiə_ɹ_ɪ__əl f_l_ˌɛ_k_s_ɪ_b_ˈɪ_l_ɪ_t_i]\
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The management team's ability to fit investment decisions to existing market conditions, such a timing and scale, versus to preset assumptions and goals. A mining company with managerial flexibility in its operations takes advantage of rapidly rising mineral prices.
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.