Business management glossary pdf

To start and run a business, you often need to understand business terms that may not be well defined in a standard dictionary. Data are the raw bits and pieces of information with no context. Good management is basic to starting a business, growing a business, and maintaining a business once it has achieved some measure of success. This section prevents losing time doing research all over the internet. The following terms are in everyday use in financial regions, such as commercial business and the management of large organisations such as corporations. Learn vocabulary, terms, and more with flashcards, games, and other study tools. Dictionary of business and management oxford reference.

Cost benefit analysis the valuation by a government agency of all social and private costs and benefits resulting from a decision. Consensus unanimous agreement among the decisionmakers that. A handbook for implementation lviil acknowledgements i want to thank the following people and organizations who contributed to this handbook by agreeing to participate in our research. It was compiled to assist operations management students in courses at the university of michigan business school. Small business management glossary learn with flashcards, games, and more for free. Miscollects, organizes, and distributes data in such a way that the information meets managers needs. Knowledge management glossary knowledge research institute, inc. Understanding these terms and acronyms is an important. Glossary of consulting terms action plan specification of how a specific action is to be achieved, for example, in a change management plan. This management dictionary contains a description and explanation of terms and methods. Conflict management conflict management is the process of identifying and addressing differences. Business service management is performed by business units. This glossary contains more than 600 terms and provides simple, clear explanations. Terms and glossary supply chain management a3 method.

This list of 30 business phrases can help you understand some of the jargon. Many businesses use credit for supplies, raw materials, or inventory purchases. This business glossary can serve as a ready guide for business proprietors, managers students and general readers. This glossary includes terms pertinent to operations management. Using this definition, accounting can be seen to be about the identification and recording of business transactions as a way of assisting the management and planning of a business. Glossary iiba international institute of business analysis. Information systems for business and beyond glossary of key terms. This glossary is a guide to the most commonly used business analysis and project management terms. Accounting concepts accounting concepts are the principles that guide the preparation of accounting information. A process for analyzing data and presenting actionable insights to stakeholders in order to help them make more informed business decisions. Project management glossary terms usaid learning lab. It was originally created by the toyota motor corporation and was named for the paper size on which it was printed. Glossary of project management terms and acronyms used by project managers and business professionals.

According to the young entrepreneur council yec, a good manager should have the following qualities. Koontz florida state university florida resources and environmental analysis center tallahassee, fl. A data or business glossary solves this complexity, by referencing vocabulary needed to. A business glossary is an authoritative dictionary of the terms that are used throughout the enterprise. Business terminology for beginners adapted from businessblogshub by dominic butler the world of business can be a complicated and stressful place at the best of times. For each objective, specifies position responsible to. Study business management glossary terms flashcards at proprofs my business management 34 glossary terms. For each term in the glossary, there is a hyperlink send feedbackon this term which will assist you in providing feedback. Term of the day application data management adm application data management adm is a technologyenabled business discipline in which business and it work together to ensure the uniformity, accuracy, stewardship, governance, semantic consistency and accountability for data in a business application or suite, such as erp, custommade or core banking. Effective conflict management prevents differences becoming destructive elements in a project. Nov 26, 20 glossary of business terms a to z handy definitions of financial and economic jargon from libor and quantitave easing to black swans and dead cat bounces published on tue 26 nov 20 18. In the defense industry, acquisition means the purchase of products and. All businesses need assets to produce products or sell services. Glossary 169 board also board of directors n c usually singular the group of people who have been elected by shareholders to manage a company bonus n c an extra amount of money added to an employees wages, usually as a reward for doing difficult work or for doing their work well boom1 n c,u 1 a time when business activity increases.

C in terms of data management, compliance refers to the following of collection and usage techniques which safeguard private data, and is often used in highlyregulated industries. Partnership a group or association of between 2 and 20 people who agree to own and run a business together. Our glossary of business terms provides definitions for common terminology and acronyms in business plans, accounting, finance, and other aspects of small business. We collected and compiled important terms and information, so you can start writing your business plan immediately and without frustration. Information systems for business and beyond glossary of. Business glossary for capturing business metadata and relating it to policies, owners and technical metadata ie.

Business structure, organisation and control term concise definition sole trader a business owned and operated by one person, has unlimited liabil ity. Nara records management key terms and acronyms 1 nara records management key terms and acronyms the following is a list of key terms and acronyms used in naras core records management training. This glossary was produced by comptia, the computing technology industry association. Glossary of business management terms the balance careers.

A contract between sba and the borrower that spells out the terms and conditions of the loan. The following glossary has been developed to help you succeed as a project manager by establishing standard definitions for commonlyused terms you will encounter in your career as a project manager. Information systems for business and beyond glossary of key. Activity 1 a component of work performed during the course of a project. A business analysts glossary for project management terminology. Feb 24, 2017 establishing standardized definitions for common project management terms is a challenge, even for seasoned pros. Gartner glossary enables industry leaders to build and manage a common business vocabulary across an organization.

Glossary of business terms a to z handy definitions of financial and economic jargon from libor and quantitave easing to black swans and dead cat bounces tue 26 nov 20 18. A special case of inductive reasoning resulting in specific assertions that imply the available information in context of the background knowledge without logical certainty. A glossary of business terms provides you with definitions of the common words used in all the aspects of business. This az pocket guide to understanding financial terms is just one of the achievements of ebss partnership with nala. If youre a new business owner, you may be hearing some terms youre not familiar with. A highlevel bank manager reduces a marketing manager to tears by angrily criticizing her in front of others for a mistake that wasnt hers. Includes listing of objectives that, when accomplished in total, accomplish the overall action. A management technique which emphasizes the development of new, radical approaches to traditional constraints, as opposed to incremental or minor changes in thought that build on the original approach. Supply chain and logistics terms and glossary updated february, 2010 please note. Selling the same product in essentially the same way everywhere in the world. An approach to managing a companys interactions with current and future customers.

Generic a logical element or component of a company. Project management glossary of terms page 6 fall 2007 a acceptance criteria those criteria, including performance requirements and essential conditions, which must be met before project deliverables are accepted. Business management glossary terms flashcards by proprofs. You may also be looking for an mba dictionary or mba glossary. Public administration glossary of terms the following list of selected terms and concepts are commonly used in public administration and finance1. Consider a firm that builds computer chips for new devices. Senior management refers to the top managers of a company, i. Yet engineers, management, accountants, and customers need to speak the same language to understand one another. Glossary of business terms a to z business the guardian. Each project may have its own database system and data dictionary. Before you start creating your business plan you should know a few relevant terms. Small business management glossary flashcards quizlet. Asset management a service from a financial adviser to spread a persons investment between a number of assets, such as shares, government bonds, cash and property, so that they can potentially earn more money asset management insurance cover for an event such as death, rather than an event that might happen, such as fire or theft atm. According to generally accepted accounting principles.

Planning, designing, and deploying a business glossary. The international warehouse logistics association iwla does not take responsibilityfor the content of these definitions and doesnot endorse theseas official. Glossary of marketing definitions sponsored by ifla section on management and marketing updated and corrected version january 2001 prepared by dr. Having launched it originally in 2004 we have now updated it with modern terminology to meet with the increasing demand for the book. The process whereby union and management representatives reach a negotiated labor management agreement. Glossary of important business, economic, and financial history terms by robert e. It often involves using technology to organize, automate, and synchronize. The a3 system is a means of describing a business process in a compact form. Glossary of terminology and definitions for business and management. Comptia serves the it industry as the worlds largest developer of vendor. If youd like to suggest an addition to the dictionary, please email the editor at email protected. This is an accounting term that refers to the credit debt your business has incurred.

Now in its sixth edition, it features recent developments such as social. Business management glossary of 30 terms the balance careers. It contains us business terms, general management concepts e. A form of corporation, allowed by the irs for most companies with 35 or fewer shareholders, which enables the company to enjoy the benefits of incorporation but be taxed as if it were a partnership. They participated in extensive interviews and provided documentation from their own strategic management efforts. External benefit the gains to society resulting from a business decision, also called a positive externality. Establishing standardized definitions for common project management terms is a challenge, even for seasoned pros.

A discipline focusing on the management of activities within business processes as the route to. Glossary of consulting terms home page consultants. Pick n pay 45 summary 47 glossary 48 multiplechoice questions. Glossary of business terms and definitions business zeal. Typically the purchase of a company or a significant business asset. V2 glossary v01, 1 may 2006 availability management to brainstorming. The principle of taxation that holds that the tax burden should be distributed according to a persons wealth. A major benefit, for the owners, of this form of business is that it provides for limited liability for its owners. It is designed to help you better communicate with business analysis and project management professionals. Operations management glossary ross school of business. The business can be a buyer, such as when a company purchases material for its products, or it can be a supplier providing products to other companies. Private limited company a company jointly owned by the people who have invested in it, they buy shares and become shareholders, have. The guide is an important resource that will help to create a much greater understanding of. The job of ceo is sometimes combined with that of president client n c someone who pays for professional services colleague n c someone you work with, used especially by professional people and managers commercial1 adj 1 relating to business.

The hrzone business and hr glossary provides definitions of popular hr terms and business words, including relevant academic theories and the evolution of terms over time. One of the main benefits of a welldesigned business glossary is increased trust and confidence in enterprise information. The set of techniques and tools for the transformation of raw data into meaningful and useful information for business analysis purposes. It is based on the assumption that, as a persons income increases, the. The complete glossary of project management terminology.

A b2b business to business company is one that offers products or services directly to other businesses. A corporation is a form of business established as an independent legal entity, separate from the individuals who own it. Adjective adj headwords for adjectives followed by information in square brackets only before a noun and not before a noun show any restrictions on where they can be used. These are not formal definitions, but rather an explanation of the terms as generally used in nara training material. Noun phrase definition 30,000 foot view program management view. Tannenbaum and schmidt, blake and mouton as well as expanded coverage of the contemporary theory of the firm and human resources. The following terms are in everyday use in financial regions, such as commercial business and the management of large organisations such as corporations contents 1 noun phrases. To help you achieve this goal, were offering this authoritative reference guide, pulling together a complete list of project management terminology. A business that uses an asp can be billed per transaction, so that a small firm might be able to use a powerful piece of software without having to pay a high fixed license fee for it. Availability management availability management the process responsible for defining, analysing, planning, measuring and improving all aspects of the availability of it services. Jan 10, 2017 as enterprises grow, so does its complexity, including terminology.