management by spreadsheet

Business slang for short-sighted decision-making in which one's data comes solely from poorly weighted statistics instead of from human value. For example, if a person gets laid off because he or she has the highest salary in the group, the spreadsheet shows a savings; but in reality, the productivity of the group falls since the most productive-and thus, most cost-effective-person was lost.

See also : seagull manager  
NetLingo Classification: Online Business