
Activity-based management (ABM) is a method of identifying and evaluating activities that a business performs using activity-based costing to carry out a value chain analysis or a re-engineering initiative to improve strategic and operational decisions in an organization. Activity-based costing establishes relationships between overhead costs and ...
Found on
http://en.wikipedia.org/wiki/Activity-based_management

Activity-based management is a cost accounting term where management uses past production activities and costs as a benchmark to adjust current activities as well as current company goals.
Found on
https://www.myaccountingcourse.com/accounting-dictionary/accounting-diction
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