Management is the process of planning, organizing, leading and controlling resources in an organization to achieve specific goals and objectives. It is about effectively utilizing resources to maximize productivity while having challenges and adapting to economics changes. I have create this glossary to help people interested in Management. It will help understand the meaning of 20 words related to this field of study. Each word will have a definition, an audio pronunciation to help people say the word correctly and an exemple of how we can use the word in a sentence.
accountability
noun
The fact or condition of being accountable; responsibility.
en: responsabilité
asset
noun
Property owned by a person or company, regarded as having value and available to meet debts, commitments, or legacies.
Example: This implies that the accountants should be cautious in the valuation of assets. The lowest reasonable estimate of an ASSET's value should be taken.
en: actif
balance sheet
noun
A statement of the assets, liabilities, and capital of a business or other organization at a particular point in time, detailing the balance of income and expenditure over the preceding period.
en: bilan
benchmarking
verb
Evaluate or check (something) by comparison with a standard.
en: analyse comparative
business
noun
The practice of making one's living by engaging in commerce.
en: entreprise
business strategy
noun
An outline of the actions and decisions a company plans to take to reach its goals and objectives.
en: stratégie d’entreprise
customer
noun
A person or organization that buys goods or services from a store or business.
en: client
decision-making
noun
The action or process of making decisions, especially important ones.
Example: These provisions are thought to involve unions in extensive litigation, as most of them are 'initiated by employers and essentially concerned with failure to follow procedural detail, rather than the substantive requirements of democratic DECISION-MAKING.
en: prise de décision
differentiation strategy
noun
A method businesses use to alter a part of their product or organization to distinguish it from the competition.
en: stratégie de différenciation
effectiveness
noun
The degree to which something is successful in producing a desired result; success.
en: efficacité
empowerment
noun
Authority or power given to someone to do something.
en: autonomisation
entrepreneurship
noun
The activity of setting up a business or businesses, taking on financial risks in the hope of profit.
en: entrepreneuriat
forecasting
noun
Predict or estimate (a future event or trend).
en: prévision
investment
noun
The action or process of investing money for profit or material result.
en: investissement
leadership
noun
The action of leading a group of people or an organization.
en: direction
marketing
noun
The activity or business of promoting and selling products or services, including market research and advertising.
en: commercialisation
marketing positioning
noun
The ability to influence consumer perception regarding a brand or product relative to competitors.
en: positionnement marketing
marketing research
noun
The systematic gathering, recording, and analysis of qualitative and quantitative data about issues relating to marketing products and services.
en: recherche commerciale
mind mapping
noun
A visual brainstorming tool used for planning and organizing ideas.
en: cartographie mentale
risk management
noun
(in business) the forecasting and evaluation of financial risks together with the identification of procedures to avoid or minimize their impact.
