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Business English
| Term | Definition |
|---|---|
| Market saturation | this happens when products or services in a particular market are no longer in demand due to multiple offerings by competition or simply less in demand. |
| To exploit | to selfishly take advantage of someone in order to profit from them or otherwise benefit oneself. |
| Subsidiaries | a company controlled by a holding company |
| Convergence | the fact that two or more things, ideas, etc. become similar or come together |
| Cross-fertilization | the mixing of the ideas, customs, etc. of different places or groups of people, to produce a better result |
| A divide | to (cause to) separate into parts or groups |
| Extroversion | the quality of being energetic and not shy, and enjoying being with other people |
| Conscientiousness | the quality of working hard and being careful |
| Tendency | If someone has a tendency to do or like something, they will probably do it or like it |
| Inclined to | to think that a belief or opinion is probably correct |
| Subordinates | having a lower or less important position |
| Meticulous | very careful and with great attention to every detail |
| Commendable | deserving praise/ praise worthy |
| Consent | with permission/ agreement |
| Consensus | a generally accepted opinion or decision among a group of people |
| To mitigate | to make something less harmful, unpleasant, or bad |
| Roughed out | If you rough out a drawing, idea, or plan, you draw or write the main parts of it without giving its details |
| Local idiosyncrasies | a strange or unusual habit, way of behaving or feature that someone has |
| Tenure | the holding of an office, giving someone a permanent post |
| Core | an important or unchanging group of people forming the central part. A flexible core of permanent employees |
| Amenities | something, such as a swimming pool or shopping centre, that is intended to make life more pleasant or comfortable for the people in a town, hotel, or other place: The council has some spare cash, which it proposes to spend on public amenities. |
| Attrition rates | (or churn rate) a company's attrition rate is the rate at which people leave. If you break it down, it is the number of people who have left the company, divided by the average number of employees over a period of time |
| Emerging | starting to exist |
| Diversifying | If a business diversifies, it starts making new products or offering new services |
| Beachhead | an area of land near the sea or a river that an attacking army has taken control of and from where it can move forward into enemy country |
| Retail | the activity of selling goods to the public, usually in shops |
| Adjacent | very near, next to, or touching: They work in adjacent buildings. |
| Frivolous | behaving in a silly way and not taking anything seriously |
| Lack of | the fact that there is not enough of it |
| Redemption | the action of regaining or gaining possession of something in exchange for payment, or clearing a debt (correcting a past wrong) |
| Biased | unfairly prejudiced for or against someone or something. |
| Governance | the way that organizations or countries are managed at the highest level, and the systems for doing this |
| Economies of scale | the reduction of production costs that is a result of making and selling goods in large quantities, for example, the ability to buy large amounts of materials at reduced prices |
| Best-of-breed | The best product of its type. Organizations often purchase software from different vendors in order to obtain the best-of-breed for each application area; for example, a human resources package from one vendor and an accounting package from another. |
| Agile | able to think and understand quickly |
| To deaden | make (a noise or sensation) less strong or intense. "ether was used to deaden the pain" |
| To appoint | to choose someone officially for a job or responsibility |
| To tackle | to try to deal with something or someone |
| Corporate culture | Corporate culture is the collection of values, beliefs, ethics and attitudes that characterize an organization and guide its practices. To some extent, an organization's culture can be articulated in its mission statement or vision statement. |
| Due diligence | the quality of working carefully and with a lot of effort |
| Cultural sensitivity | Being aware that cultural differences and similarities between people exist without assigning them a value positive or negative, better or worse, right or wrong. |
| Performance | the action or process of performing a task or function. |
| Incentive | something that encourages a person to do something |
| Stakeholder | a person or group of people who own a share in a business |
| Plug into | become knowledgeable about and involved with. "our weekly newsletter helps to keep us connected and gives us a chance to plug into what is going on" |
| Hurdle | a problem or difficulty that must be overcome |
| Mismatch | a failure to correspond or match; a discrepancy |
| To cap someone's progress | To outdo, surpass, or excel beyond |
| To explore avenues | to try everything in order to find a solution or to obtain the desired result |
| Allegiance | loyalty or commitment to a superior or to a group or cause. |
| High-flying career | A high-flying person is successful or is likely to be successful in their career |
| To thrive | prosper; flourish |
| Disastrous | causing great damage |
| Dominance | the situation in which one company, product, etc. has more power, influence, or success than others |
| To boost | to increase or improve something |
| Out of reach | beyond the capacity of someone to attain or achieve something |
| Horrendously | in a way that is extremely unpleasant or bad |
| Dispersed | distribute or spread over a wide area |
| Code of practice | a set of agreed standards that people who do a particular job should follow |
| To inundate | overwhelm (someone) with things or people to be dealt with. |
| To coax | to persuade someone gently to do something or go somewhere, by being kind and patient, or by appearing to be |
| Hands-on | directly involved in making decisions about the way in which things should be done |
| To outsource | if a company outsources work, it employs another organization to do it rather than using its own employees |
| A prerequisite | something that must exist or happen before something else can exist or happen |
| Niche | an opportunity for a business to offer a product or service that is not offered by other businesses |
| Unique selling point | a feature of a product that makes it different from and better than all its competitors |
| Venture | a new business activity |
| To spread one's wings | extend one's activities and interests or start new ones. |
| To jump on the bandwagon | join others in doing or supporting something trendy or likely to be successful |
| A curve | a line on a graph that shows a relationship between two sets of information, for example changes in price over time |
| A warped view | Of a person's mind, attitude, humor etc, perverse, strange, aberrant or deviant. |
| A notch | a point or position in a system that is used to compare values. The unemployment rate crept up another notch in September |
| A bursary | the financial office of a college, school, or university: a sum of money given to a person by an organization, such as a university, to pay for them to study You may be eligible to receive a bursary |
| Cross-cultural sensitivity | being aware that cultural differences and similarities between people exist without assigning them a value - positive or negative, better or worse, right or wrong. |
| A cohort | a group of people who share a characteristic, usually age or a person/ group of people who support a particular person, usually a leader. |
| Internationally transferable | International Transfer means the transfer of personal data to recipients in a foreign state |
| Stumbling attempts | making repeated mistakes |
| cultural cues | something that suggest you are of a particular culture |
| To outsource | if a company outsources work, it employs another organization to do it rather than using its own employees |
| A prerequisite | something that must exist or happen before something else can exist or happen |
| Niche | an opportunity for a business to offer a product or service that is not offered by other businesses |
| Unique selling point | a feature of a product that makes it different from and better than all its competitors |
| Venture | a new business activity |
| To spread one's wings | extend one's activities and interests or start new ones. |
| To jump on the bandwagon | join others in doing or supporting something trendy or likely to be successful |
| A curve | a line on a graph that shows a relationship between two sets of information, for example changes in price over time |
| A warped view | Of a person's mind, attitude, humor etc, perverse, strange, aberrant or deviant. |
| A notch | a point or position in a system that is used to compare values. The unemployment rate crept up another notch in September |
| Cross-cultural sensitivity | being aware that cultural differences and similarities between people exist without assigning them a value - positive or negative, better or worse, right or wrong. |
| A cohort | a group of people who share a characteristic, usually age or a person/ group of people who support a particular person, usually a leader. |
| Internationally transferable | International Transfer means the transfer of personal data to recipients in a foreign state |
| Stumbling attempts | making repeated mistakes |
| cultural cues | something that suggest you are of a particular culture |
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