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The document provides a comprehensive list of business-related terms and their definitions, ranging from concepts like 'empowerment' and 'active listening' to specific roles such as 'CEO' and 'account manager.' It covers various aspects of organizational structure, management practices, and human resources terminology. This glossary serves as a reference for understanding key business vocabulary and concepts.

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0% found this document useful (0 votes)
19 views4 pages

Document

The document provides a comprehensive list of business-related terms and their definitions, ranging from concepts like 'empowerment' and 'active listening' to specific roles such as 'CEO' and 'account manager.' It covers various aspects of organizational structure, management practices, and human resources terminology. This glossary serves as a reference for understanding key business vocabulary and concepts.

Uploaded by

awhmybiebs
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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1.

Contemporary – happening now or in modern times


2. Empowerment – giving people power or confidence to do something
3. On the grapevine – passed from one person to another in conversation
4. Laissez-faire – letting people do what they want without control
5. Active listening – listening with full attention and showing interest
6. Assertive - being confident and clear when talking, but not rude
7. Head people - people who use thinking and logic to make decisions
8. Hands people – people who are good at doing and acting
9. Heart people - people who are good at networking and resolving conflicts
10. Enable – to make something possible
11. Morale – the feeling of confidence and happiness in a group
12. Acknowledgement - public recognition and thanks
13. Commitment – a promise to do something and keep doing it
14. Enrichment - making something better or more interesting
15. Outcome – a final result of something
16. Autonomy - the ability to do things on your own, without help
17. Enlargement – the act of making something bigger
18. Sensible – smart and practical
19. Unanimous – when everyone agrees
20. Rule out – to say something is not possible or not allowed
21. Crucial – very important
22. Overrule – to change a decision by using more power
23. Give rise to – to cause something to happen
24. Actual data – real and true information or numbers
25. Forecast – a guess or prediction about the future
26. To act on – to do something because of certain information
27. First-line manager – a manager who directly leads a small team of workers
28. Ensuring – making sure something will happen
29. Objective – a goal or something you want to achieve
30. Profit center – a part of company that makes money
31. Cost center – a part of a company that only spends money and doesn’t make
money
32. Overall sales – the total number of things sold
33. Revenue goal – the amount of money a company wants to earn
34. Pricing policy – the rules a company uses to set prices
35. Evaluating – checking how good or useful something is
36. Withdrawal – taking something away or out
37. Profitability- the ability to make money
38. Takeover – when one company buys another company
39. Merger – when two or more companies join to become one
40. Alliance – a partnership between companies to help each other
41. Core business- the main activity of a company
42. Account manager – a person who takes care of customers and helps them with
their orders
43. Allocate – to give something (like time or money) to a specific task or person
44. Chain of command – the order of people in a company from the top boss to the
workers
45. CEO – chief executive officer- the top boss in a company
46. COO – chief operating officer – the person who controls daily work in a company
47. Cross-functional- involving people from different departments working together
48. Corporate – related to a big company or business
49. Economics of scale – saving money when a company makes more products
50. Grassroots – the ordinary people in an organization, not the leaders
51. At the grassroots- at the basic or local level of a group
52. Mission statement – a short text that says what a company wants to do or be
53. Matrix – a system or table that shows how things are connected
54. Non-managerial- describes someone who is not a manager
55. Opportunities – occasion that makes it possible to do something that you want
to do
56. Statesman – a respected political leader with a lot of experience
57. SWOT analysis- a verification of strengths, weaknesses, opportunities and
threats; it may be an analysis of a company
58. Supervisory – related to watching and guiding other workers
59. Subordinates- people who work under a manager; lower in position
60. The big picture – the most important idea or whole situation; not small details
61. Vertical structure- a company system with many levels of management
62. Horizontal structure- a company system with few levels where people work more
equally
63. Human resources (HR) - the part of a company that works with hiring, training,
and helping employees
64. Human resources department – the team in a company that takes care of
workers and job processes
65. Restructuring- changing how company is organized to make it operate more
effectively
66. Transformation- a big and important change
67. Department- a part of a company that does one type of work
68. Staff – the people who work for a company
69. Appreciation- saying thank you or showing value for someone’s work
70. Human assets – the people working in a company; seen as valuable resources
71. To ensure – to make sure something will happen
72. Gripe – a minor complaint
73. Suited – right or good for a specific job or situation
74. To revamp – to improve or change something to make it better
75. To set the ball rolling- to start something, especially a project or activity
76. SSCs – shared service centers – teams in a company that handle common tasks
like HR or finance for many departments
77. To outsource – to pay another company to do work for you
78. COEs – centers of expertise- teams with special knowledge that support others
in the company
79. To house – to provide space for something
80. Remuneration package – the total pay and benefits someone gets for their work
81. Business partner – a person or company you work with in business
82. High falutin’ strategic thinking - very fancy or complicated business plans and
ideas; not practical
83. To appoint – to choose someone for a job or role
84. Median ratio - a number that shows the middle value when comparing two
things( like salaries )in a list ordered from smallest to biggest
85. Undoubtedly- without any doubt; definitely
86. Survey – a set of questions to find out what people think or do
87. In the midst of something- in the middle of doing something or when something
is happening
88. On average- usually or typically
89. To reckon – to calculate an amount
90. Workload – the amount of work someone has to do
91. Traditional – done in the usual or old way
92. HR generalists – a person who handles the daily responsibilities of talent
management
93. To arouse – to cause a feeling or reaction
94. Executive – a person with an important job in a company, usually making big
decisions
95. Be in need of – to really need something
96. To kid oneself – to believe something that isn’t true; to fool yourself.
97. Senior executive – a person in a high-level position in a company, usually just
below top management
98. Human Resources Director (HR Director) - The person in charge of the Human
Resources department in a company
99. Destined for – meant to do or become something in the future
100. The top – the highest position in a company or organization
101. Gulf – a big difference or gap between people or things
102. Human Resources Employee (HR Employee) - A person who works in the
HR department and helps with people-related tasks
103. Emerge – to come out or appear
104. Associate – a person you work with; a colleague
105. Fellow - A person in the same group, situation, or job
106. Trade-off - A situation where you give up one thing to get something else
107. Surgeon – a doctor who does operations
108. Day-to-day – usual and happening every day
109. Facilitate – to make something easier or help it happen
110. Autocratic- a style of leadership where one person makes all decisions
111. Interdependent- when people or things need each other to work well
112. Input – ideas, help, or information shared in a discussion or decision
113. To attain – to reach or achieve something
114. Adventurous- ready to try new or risky things
115. Distorted- not shown clearly or correctly; changed in a bad way
116. Culpable – responsible for doing something wrong; guilty
117. Accountability- being responsible for your actions and decisions
118. To turn a blind eye – to pretend not to see something wrong
119. Cohesion – the feeling of unity and working well together
120. Intra-team – happening within a team
121. Like-minded – having similar opinions and goals
122. Embark on/upon – to start something new, often exciting or important
123. Silo – a part of a company that doesn’t share information with others
124. Cross-disciplinary- involving people or knowledge from different areas
125. Put a premium on – to value something very highly
126. To rear – to raise or take care of someone
127. Hinder – to make something slower or more difficult
128. Chip away at – to slowly reduce or damage something
129. Profound – very deep or strong
130. Disband – to officially stop a group or organization
131. Teem with something- to be full of something, usually in a large amount
132. Formidable- strong, powerful, or impressive; sometimes a little scary
133. Knowledge mule – a person who carries or shares knowledge without fully
using or understanding it
134. Cluster – a group of similar things or people close together
135. Skunkworks- a small group in a company working secretly on new,
creative ideas.
136. Guise – a way something or someone appears, often to hide the real
purpose
137. In the guise of doing something- pretending to do one thing while really
doing another.
138. Yardstick- a way of measuring or judging or comparing something
139. Stroke of genius – a very smart and clever (usually sudden) idea

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