40 Organizational management is the field of study this glossary is about.
The program was made for people who are genuinely interested in management and organizations, and for those who are willing to take a deep dive into the business world, to understan terms
First and foremost, I am named Sarah-Jade. If I had to describe myself, I would probably say that I'm a creative soul. I love reading, listening to music, drawing, painting... sleeping, even! My favourite pastime and my way of expressing myself is writing. Someday, I'll write a whole book I'll be able to share with the world.
I chose Social Sciences, more specifically, Social Sciences: Organizational Management, as my program, at Montmorency College. I took a large detour by first applying in Pure and Applied Sciences before taking a long time before recognizing that it wasn't made for me at all and finally choosing a path that really suits me, but I'm finally there! I have Mathematics, Sociology, Psychology, Economics as parts of my classes, to give a few examples. I've been in this new program for two whole sessions, and I'm just starting my third this autumn.
The chosen words in this glossary were selected to introduce the vocabulary that it most valuable when being first introduced to that environment. They've been researched by how often they're used in videos and discussions about this very program or with working people who are in spheres and use this very vocabulary.
The goal here is to understand how important these words can be and how it will help to know them and how to use them in a similar context, in the near future.
advertisement
noun
A promotional message to attract interest in a particular product, service or job vacancy.
Example: Traditional branded bottle with a cheery color, plus a marketable price which will help to make the position and image of product linked to other brands at a similar price, adding with a charming ADVERTISEMENT.
fr: publicité
agent
noun
A person who does business for another person.
Example: Another institution that managed the agency relations became available if merchants were to hire agents abroad in order to prevent the AGENT reneging or cheating in business.
fr: agent
agreement
noun
A negotiated and usually legally enforceable understanding between two or more parties.
Example: It should be mentioned that they are addressed as well in the context of the precautionary principle in The Cartagena Protocol on Biosafety which is an international AGREEMENT - supplement to the Convention on Biological Diversity.
fr: accord
appointment
noun
An agreement to meet with someone at a particular time.
Example: There is always the risk that despite all this the participant fails to turn up, or cancels the APPOINTMENT, which can the make the efforts and costs appear fruitless.
fr: rendez-vous
benefits
noun
A payment made or an entitlement available in accordance with a wage agreement, an insurance policy, or a public assistance program.
Example: The scheme raises some questions regarding equity as it involves implicit money transfer from non-farm employees to farmers because pension and health insurance BENEFITS are the same for both groups (World Bank, 2000).
fr: bénéfices
brand
noun
A category of products that are all made by a particular company and all have a particular name.
Example: This will further increase the consumer's awareness of the BRAND and after a few periods of it being bought, purchase intentions will increase as will market share.
fr: marque
budget
noun
An estimate of income and expenditure for a set period of time.
Example: Before the start of period one, the advertising research BUDGET was 5% of the total advertising BUDGET.
fr: budget
business
noun
A person, partnership, or corporation engaged in commerce, manufacturing, or a service; profit-seeking enterprise or concern.
Example: In order for the farm BUSINESS to be successful, I must analyse the BUSINESS in its current state regularly to identify its strengths and weaknesses.
fr: entreprise
business card
noun
A small card printed with a person's name and business affiliation, including such information as title, mailing address, email address, and telephone number.
Example: Clients came to Williams through his BUSINESS CARDS, his website and word-of-mouth.
fr: carte professionnelle
business plan
noun
Set of documents prepared by a firm's management to summarize its operational and financial objectives for the near future and to show how they will be achieved.
Example: In my opinion we could show our own opinion and knowledge while discussing and deciding upon the best for our BUSINESS PLAN.
fr: plan d'affaires
business proposal
noun
A written offer from a seller to a prospective buyer.
Example: They put forth a BUSINESS PROPOSAL to buy the company.
fr: proposition commerciale
capital
noun
Wealth in the form of money or other assets owned by a person or organization or available or contributed for a particular purpose such as starting a company or investing.
Example: Market research may also prove vital when sourcing CAPITAL, as proves to potential investors or banks that diversification in livery services will see safe and increased financial returns.
fr: capital
company
noun
A business organization that makes, buys, or sells goods or provides services in exchange for money.
Example: Some factors became the structural drivers of change, and shaped the COMPANY's development.
fr: entreprise
competitor
noun
A rival organization that is engaged in commercial or economic competition with others.
Example: Alternatively, the COMPETITOR can wait until the product is reasonable accepted by the consumer and a ready market is established, then will they launch a more innovative product based on our product but offering more advanced features.
fr: concurrent
consumer
noun
A person who buys goods and services.
Example: Satisfaction can then be treated as: the summary psychological state resulting when the emotion surrounding disconfirmed expectations is coupled with the CONSUMER's prior feelings about the consumption experience.
fr: consommateur
contract
noun
A formal agreement between two or more parties. A document that states the terms of such an agreement.
Example: Negotiations (part of due-diligence): Prior to any IJV establishment, all partners need to negotiate critical terms of the CONTRACT, covering the objectives for all stages of the IJV lifecycle.
fr: contrat
contractor
noun
A person who is hired to perform work or to provide goods at a certain price or within a certain time.
Example: Employee Training will be handled by the Head of Personnel and Training and aided by an external CONTRACTOR.
fr: contracteur
cost
noun
The amount or equivalent paid or charged for something.
Example: The difference between a producer's revenue and the opportunity COST of production is the producer surplus.
fr: coût
currency
noun
A system of money in general use in a particular country.
Example: A government that fixes its CURRENCY's exchange rate losses control of the domestic money supply, and its domestic interest rate is determined abroad, as according to the interest rate parity condition.
fr: devise
factory
noun
A building or group of buildings containing a plant assembly for the manufacture of goods.
Example: The heat or energy in refrigerant acquired from the food can be recycled e.g. use to generate heat for the rest of the FACTORY building.
fr: usine
headquarters
noun
A center of operations or administration.
Example: In cases where firms follow directives from extraterritorial HEADQUARTERS, domestic branches may be subject to the policy of a foreign government and may disregard domestic regulation.
fr: siège social
inventory
noun
A detailed, itemized list, report, or recordof things in one's possession, especially a periodic survey of all goods and materials in stock.
Example: Meanwhile, the manager will plan INVENTORY's capacity and safety stock depend on the demand forecast either.
fr: inventaire
investment
noun
Money committed or property acquired for future income.
Example: The underlying assumption that the early farmers were preoccupied with maximizing 'returns on INVESTMENT' can be questioned.
fr: investissement
label
noun
A small piece of paper on a product giving information about it.
Example: Semantic therapy involving word-picture-matching task that requires appropriate selection of an item from a spoken name, and written LABEL, as well as categorizing tasks are directed to remediate semantic deficit of word retrieval error (Mackenzie, 1991, cited in Ross, 1995).
fr: étiquette
management
noun
The members of the executive or administration of an organization or business.
Example: The cost of labour is barely covered by the capital payments, and where hedgerow MANAGEMENT is concerned, CS does not pay once the hedge is improved.
fr: gestion
manager
noun
Someone who is in charge of a business, department, etc.
Example: In a farming business this is vitally important, as the MANAGER will probably have to do manual labour as well as doing the office work.
fr: directeur
market
noun
A place, system, or group that brings buyers and sellers together to exchange goods, services, or information.
Example: For my product to become preferable, it must stand out in the MARKET, either as value added, or good value.
fr: marché
marketing
noun
The process of communicating the value of a product, service or brand to costumers, for the purpose of selling that product or service.
Example: Functional Level Strategy Formulation MARKETING - The farm will need to advertise the newly renovated stables in suitable locations.
fr: commercialisation
meeting
noun
A gathering of people for a common purpose (such as to discuss business).
Example: Before each MEETING an agenda is distributed which contains the layout for the MEETING.
fr: rencontre
money
noun
A medium of exchange in the form of banknotes, coins, etc., issued by a government or other authority.
Example: Although I may already have suspicions over which areas of my business are leading to profit and which are losing MONEY, a thorough financial analysis allows me to accurately determine which areas these may be, and I can then make changes to my business to either continue efficiency, or improve it.
fr: argent
office
noun
A room, set of rooms, or building used as a place for commercial, professional or bureaucratic work.
Example: This suggests that head OFFICE is delegating decision-making responsibility to more people in the organisation.
fr: bureau
partner
noun
A person who shares or is associated with another in some action or endeavor; sharer; associate.
Example: For a 'strategic PARTNER' role, Human Ressources ensures that its policies and practices are in sync with the organizational strategy.
fr: partenaire
price
noun
The amount of money expected, required, or given in payment for something.
Example: Interestingly the PRICE changes of eggs in supermarkets is only slight between eggs from different production systems with organic eggs varying significantly in PRICE.
fr: prix
product
noun
Something made to be sold; merchandise.
Example: It means that if a consumer has higher expectations which are met by the PRODUCT's perceived performance, there is not going to be disconfirmation, but the person feels more satisfaction than in a situation when the initial expectations were low and still the PRODUCT did not live up to them.
fr: produit
profit
noun
Excess of revenues over expenses in a business enterprise over a given period of time, usually a year.
Example: The professional market was far larger allowing more potential PROFIT.
fr: profit
purchase
noun
Something obtained especially for a price in money or its equivalent.
Example: Since this is a saving of £120, it would be unwise to spend more than this on the PURCHASE of the additional capacity.
fr: achat
salary
noun
A fixed regular payment made by an employer, often monthly, for professional or office work as opposed to manual work.
Example: The mother's motives are out of love whereas a waiter wants to please the guest to ensure continued employment and a SALARY- but is this wrong?
fr: salaire
tax
noun
A charge usually of money imposed by authority on people or property for public purposes.
Example: Not only do poor people tend to spend a higher proportion of their income on housing, but the TAX levied may be unrelated to ability to pay.
fr: impôt
trend
noun
A general direction in which something is developing or changing.
Example: This is the expected TREND, and hopefully this TREND will continue with more farms and rural enterprises realizing the need to adopt computer technology.
fr: tendance
venture
noun
A risky undertaking.
Example: However, the extent of control that the foreign partner attempts to exercise may limit the autonomy and flexibility of the IJV and its local management, hindering the VENTURE's ability to respond to local market demands and generating a level of transaction costs that may offset the strategy's potential benefits.
