Business Administration Field Of Study Glossary Vocabulary.
20 Buisness Administration. terms
As a college student studying in the field of business and will be attending Concordia next year to increase my knowledge in this specific field, I will likely encounter a wide range of business administration-related terms throughout my academic journey. To help me better understand and navigate this field, I have compiled a glossary of 20 common words that are frequently used in the world of business administration. These terms cover various aspects of the field, including accounting, marketing, human resources, and organizational behaviour. By familiarizing myself with these terms, I will be better equipped to communicate with my professors, classmates, and potential employers in the future. Also, these words can benefit the readers of this blog as well.
accounting
noun
The process of recording, classifying and summarizing financial transactions to provide financial information for decision-making.
Example: I am studying accounting to learn how to keep track of a company's financial transactions and report on its financial health.
en: comptabilité
budget
noun
A financial plan that outlines an organization's expected income and expenses for a specified period.
Corporate governance: the system of rules, practices, and processes by which a company is directed and controlled.
Example: We need to adjust the budget to accommodate unexpected expenses.
en: budget
corporate governance
noun
The system of rules, practices, and processes by which a company is directed and controlled.
Example: The company has implemented strict corporate governance policies to ensure transparency and accountability.
en: gouvernance d'entreprise
cost-benefit analysis
noun
A process used to evaluate the potential benefits and costs of a project or investment.
Debt financing: a method of raising capital by borrowing money from lenders, such as banks or bondholders.
Example: Conducting a cost-benefit analysis will help us determine whether the project is worth pursuing.
en: analyse coûts-avantages
debt financing
noun
A method of raising capital by borrowing money from lenders, such as banks or bondholders.
Example: The company secured a loan through debt financing to expand its operations.
en: financement par la dette
equity financing
noun
Equity financing: a method of raising capital by selling shares of stock in a company to investors.
Example: The startup raised funds by offering equity financing to its investors.
en: financement par fonds propres
forecasting
noun
The process of estimating future trends and outcomes based on historical data and other relevant information.
Example: The sales team uses forecasting models to predict demand for the company's products.
en: prévision
human resources
noun
The department or function within an organization is responsible for managing employee recruitment, training, and development.
Example: The HR department is responsible for recruiting and training new employees.
en: ressources humaines
marketing
noun
The process of creating, promoting, and delivering goods and services to meet customer needs and wants.
Example: The company's marketing team is developing a new advertising campaign.
en: marketing
mission statement
noun
A brief statement that defines an organization's purpose, goals, and values.
Example: The company's mission statement outlines its core values and purpose.
en: déclaration de mission
operations management
noun
The administration of business practices to create the highest level of efficiency possible within an organization.
Example: The operations manager oversees the production process and ensures efficiency.
en: gestion des opérations
organizational behavior
noun
The study of how individuals and groups behave within organizations and how these behaviours can be influenced to improve organizational effectiveness.
Example: The study of organizational behaviour explores the dynamics of interpersonal relationships in the workplace.
en: comportement organisationnel
outsourcing
noun
The practice of contracting out a business function or service to a third-party provider.
Example: The company decided to outsource its customer service to a third-party provider.
en: externalisation
profit margin
noun
The amount by which revenue from sales exceeds the costs expressed as a percentage of revenue.
Example: The company's profit margin has increased due to cost-cutting measures.
en: marge bénéficiaire
supply chain management
noun
The coordination of activities involved in the production and delivery of goods and services from suppliers to customers.
Example: The supply chain manager is responsible for ensuring the timely delivery of goods to customers.
en: gestion de la chaîne d'approvisionnement
SWOT analysis
noun
A strategic planning tool that evaluates an organization's strengths, weaknesses, opportunities, and threats.
Example: Conducting a SWOT analysis will help the company identify its strengths, weaknesses, opportunities, and threats.
en: analyse SWOT
taxation
noun
The process of levying and collecting taxes on individuals and businesses by a government or other authorized body.
Example: The company's tax accountant is responsible for preparing and filing its tax returns.
en: imposition
time management
noun
The practice of organizing and prioritizing tasks and activities to make the best use of available time.
Example: Effective time management is crucial for meeting project deadlines and achieving goals.
en: gestion du temps
value proposition
noun
A statement that describes the unique value that a company's product or service provides to its customers.
Example: The company's value proposition is the unique selling proposition that differentiates it from competitors.
en: proposition de valeur
vision statement
noun
A statement that outlines an organization's long-term aspirations and goals.
Example: The company's vision statement outlines its long-term goals and aspirations.
