Business and Management Glossary

20 Business and Management terms

My name is Mia Poulin and I have been studying in Business Management since Autumn 2025, I did two years in Health Science at Champlain College before coming to Cegep de Sherbrooke. I have created this glossary to help students or people interested in Business Management. The glossary will help to understand the meaning of 20 words related to Business Management. Each term will have a definition, an audio pronunciation to help people say each word correctly, a French translation, a sentence as an example to demonstrate how to use each word and finally, an image.

competition: noun; It is the presence of rival businesses offering similar products or services.; Example: Competition forces companies to innovate.; en: concurrence
customer: noun; It is a person or organization that buys goods or services.; Example: Customer satisfaction is a top priority.; en: client
decision-making: noun; It is the process of choosing the best option among alternatives.; Example: Good decision-making is critical in competitive markets.; en: prise de décision
efficiency: noun; It is the ability to achieve results with minimal waste of time or resources.; Example: Improving efficiency can reduce operational costs.; en: efficacité
human resources: noun (plural); It is the department responsible for managing employees, including hiring and training.; Example: Human Resources organized a training session for new employees.; en: ressources humaines
innovation: noun; It is the introduction of new ideas, products, or processes.; Example: Innovation helps companies stay competitive.; en: innovation
leadership: noun; It is the ability to guide, motivate, and influence others toward achieving goals.; Example: Strong leadership improves employee motivation and performance.; en: direction
management: noun; It is the process of planning, organizing, leading, and controlling resources to achieve organizational goals.; Example: Effective management is essential for a company's long-term success.; en: gestion
market: noun; It is a group of potential customers for a product or service.; Example: The business entered a new international market.; en: marché
objective: noun; It is a specific goal a business aims to achieve.; Example: One objective is to expand into new markets.; en: objectif
operations: noun (plural); It is the daily activities involved in running a business.; Example: Efficient operations improve overall performance.; en: opérations
organization: noun; It is an organized body of people with a particular purpose, especially a business, society, association, etc.; Example: The organization operates in several international markets.; en: organisation
performance: noun; It is how well an individual, team, or organization achieves its objectives.; Example: The manager evaluated the team's performance.; en: performance
planning: noun; It is the process of setting goals and determining how to achieve them.; Example: Careful planning helps reduce business risks.; en: planification
productivity: noun; It is a measure of how efficiently resources are used to produce goods or services.; Example: New technology increased employee productivity.; en: productivité
profit: noun; It is the financial gain remaining after expenses are deducted from revenue.; Example: The company reported a higher profit this year.; en: profit/bénéfice
revenue: noun; It is the total income generated from sales before expenses.; Example: Online sales increased the company's revenue.; en: revenus/chiffres d'affaires
risk: noun; It is the possibility of loss or negative outcomes in business decisions.; Example: Starting a business always comes with risks.; en: risque
stakeholder: noun; It is any individual or group with an interest in a company's activities.; Example: Employees are important stakeholders in the organization.; en: partie prenante
strategy: noun; It is a long-term plan designed to achieve specific business objectives.; Example: The company's strategy focuses on innovation and growth.; en: stratégie