This glossary has been created to make sense of all the terms and concepts that come up when learning about how businesses are run. Business management can sometimes feel overwhelming with all the specific words and technical language, so I wanted to create something simple, clear, and useful.
The main goal of this glossary is that people can easily search and understand specific words that are being used in business management.
I hope you will find what you are looking for in this glossary
accounting
noun
Accounting is a process of recording, classifying, summarizing, and reporting financial transactions of a business or organization. This information is then used to inform stakeholders and decision-makers about the financial performance and position of the entity. Accounting also involves analyzing and interpreting this financial data to understand trends, make predictions, and provide insights for strategic planning.
Example: She is responsible for accounting all the expenses at the end of each month.
fr: comptabilité
branding
noun
the act of making a product, organization, person, or place easy to recognize as different from others by connecting it with a particular name, design, symbol, set of qualities, etc
Example: This brand became popular because they did a good work on their branding
fr: image de marque
budgeting
verb
allow or provide a particular amount of money in a budget
Example: Effective budgeting helps a business control its expenses and plan for future growth
fr: élaboration du budget
Cash flow
noun
the total amount of money being transferred into and out of a business, especially as affecting liquidity.
Example: our company has poor cash flow and is having a hard time paying our suppliers because our clients don’t pay us on time
fr: Fond de roulement
customer retention
noun
Strategies used to keep existing customers loyal.
Example: Customer retention is crucial for maintaining steady sales and building long-term relationships
fr: fidélisation de la clientèle
Delegation
noun
Assigning tasks or responsibilities to others.
Example: Effective delegation allows managers to focus on strategic tasks while empowering their team members to take responsibility
fr: Délégation
hierarchy
noun
a system or organization in which people or groups are ranked one above the other according to status or authority.
Example: In our company’s hierarchy, decisions flow from the top management down to the frontline employees
fr: hiérarchie
leadership
noun
the set of characteristics that make a good leader
Example: Our manager has a good leadership
fr: Direction
logistic
adjective
Logistics refers to the overall process of managing how resources are acquired, stored, and transported to their final destination
Example: I was managing all the logistic of this company it was like a puzzle !
fr: Logistique
marketing
noun
the business activity that involves finding out what customers want, using that information to design products and services, and selling them effectively
Example: I got hired to make the marketing of this company
fr: marketing
onboarding
noun
the process in which new employees gain the knowledge and skills they need to become effective members of an organization
Example: The onboarding process helps new employees get familiar with the company’s culture and procedures
fr: intégration
productivity
noun
the state or quality of producing something, especially crops.
Example: Our productivity increased since we are more kind with our employees
fr: productivité
revenue
noun
The total income generated by a business.
Example: The company’s revenue increased significantly after launching its new product line
fr: revenu
software
noun
the programs that you put into a computer to make it do particular jobs
Example: I was doing some work on Excel, i love this software
fr: Logiciel
supply chain
noun
A supply chain is a network of businesses and processes involved in creating and delivering a product or service to the end customer
Example: Managing the supply chain efficiently is essential to ensure products are delivered on time and costs are kept low
