I created this glossary to facilitate the understanding of curious users who wish to learn more about words related to business management. in this glossary, you can find a lot of words that seems similar but means different things in the business world. you can see their definition, an example, a translation and even an image of each word if you are a more visual person.
budgeting
verb
allow or provide a particular amount of money in a budget.
Example: The Planning and BUDGETING Procedures, Structures of Accountability and Reward Structure are analysed and recommendations are explained to counter weaknesses.
en: budgétiser
business model
noun
The term business model refers to a company's plan for making a profit.
Example: In other words it could be defined as a diagram that is visually used to represent the various data objects of a given BUSINESS MODEL.
en: modèle économique
cash flow
noun
the total amount of money being transferred into and out of a business, especially as affecting liquidity
Example: Life Span, Replacements & Terminal Value If the projects are found to have different life spans then conduct further analysis using either the 'equivalent annual CASH FLOW' method.
en: la marge brute d’autosufinancement
change management
noun
the management of change and development within a business or similar organization.
Example: Change management is placed within the hierarchy because medicine is constantly in a state of flux. (not from Lextutor because no result found)
en: gestion du changement
competitive advantage
noun
a condition or circumstance that puts a company in a favorable or superior business position.
Example: Around 20% of budget was spent on Research and Development studies every week in order to gain a COMPETITIVE ADVANTAGE of either Product Development or Diversification.
en: avantage concurrentiel
corporate social responsibility
noun
a company's commitment to positively impact society and the environment through ethical practices and
sustainable initiatives.
Example: For both cases, CORPORATE SOCIAL RESPONSIBILITY places a crucial role in future growth of firms.
en: responsabilité social des entreprises
entrepreneurship
noun
the ability and readiness to develop, organize and run a business enterprise, along with any of its uncertainties in order to make a profit
Example: the bureaucracy's monopoly restricted the emergence of an independent class of commercial bourgeoisie, thus forbidding potentially profitable trade and ENTREPRENEURSHIP.
en: entrepreneuriat
key performance indicator
noun
a quantifiable measure used to evaluate the success of an organization, employee, etc. in meeting objectives for performance.
Example: The Board monitors several key performance indicators for the business on a monthly basis. (not on Lextutor because no result found)
en: indicateur clé de performance
leadership
noun
the action of leading a group of people or an organization.
Example: With consideration to all of the aspects argued above, it is rational to acknowledge transformational LEADERSHIP's positive impacts on organizational effectiveness, while also keep open-eyed on the latent danger from transformational LEADERSHIP.
en: direction
market research
noun
the action or activity of gathering information about consumers' needs and preferences
Example: MARKET RESEARCH - Careful definition of the market with assessment of its nature and size are important.
en: étude de marché
negotiation
noun
discussion aimed at reaching an agreement.
Example: It could be argued that inclusion of NEGOTIATION as part of the confederation's strategy implies that the CGT have recognised the legitimacy of capital.
en: négociation
operations management
noun
focuses on how businesses produce goods and services while meeting customer needs and expectations
Example: Providing the capability to satisfy current and future demand is a "fundamental responsibility of OPERATIONS MANAGEMENT", and this is directly related to capacity planning.
en: gestion des opérations
organizational structure
noun
a system that outlines how certain activities are directed to achieve the goals of an organization.
Example: The financial structure must be established before the new venture can develop its internal and external ORGANIZATIONAL STRUCTURE, including networks.
en: structure organisationnelle
performance appraisal
noun
a process for evaluating and documenting how well an employee is carrying out their job
Example: Finally, Blau provided evidence for the positive relationship between employee PERFORMANCE APPRAISAL satisfaction and overall job satisfaction.
en: évaluation des performances
profit margin
noun
the amount by which revenue from sales exceeds costs in a business.
Example: PROFIT MARGIN should be stable since change in this ratio can have a significant impact on Net profit for the year and without adequate gross margin, a company will not be able to "pay its operation and other expenses and build for the future".
en: marge bénéficiaire
risk management
noun
the process of identifying, assessing and addressing any financial, legal, strategic and security risks to an organization
Example: Stakeholders management, definition of the project, implementation strategy, RISK MANAGEMENT, progress and expenditure planning are issues that have to be considered during the appraisal and preparation phase of the project.
en: gestion des risques
strategy
noun
a plan of action or policy designed to achieve a major or overall aim
Example: According to Thompson and Strickland (2003), the term strategic management refers to the managerial process of forming a strategic vision, setting objectives, crafting a STRATEGY, implementing and executing the STRATEGY, and then over time initiating whatever corrective adjustments in the vision, objectives, STRATEGY, and execution are deemed appropriate.
en: stratégie
supply chain management
noun
is management of the flow of goods, data, and finances related to a product or service, from the procurement of raw materials to the delivery of the product at its final destination.
Example: The assessment of risks is a necessary part of the design of any product or service and identification of failures is an essential skill in the understanding of service operations management and SUPPLY CHAIN MANAGEMENT.
en: gestion de la chaîne d’approvisionnement
swot analysis
noun
SWOT analysis is a framework for identifying and analyzing an organization's strengths, weaknesses, opportunities and threats.
Example: In such a competitive environment, an understanding and continuous scanning and analysis of the macro and micro marketing environment for strengths, weaknesses, opportunities and threats SWOT ANALYSIS, and the lookout for strategic windows, are essential for the company's survival and success.
en: analyse SWOT
time management
noun
Time management is the coordination of tasks and activities to maximize the effectiveness of an individual's efforts.
Example: The rest of the essay will examine TIME MANAGEMENT, its importance (what goes wrong when time is managed badly) and ways of improving my practice.
