recruitment procedures
the process a company takes to get new employees
paradigm shift
a fundamental change in approach or underlying assumptions.
balance sheets
A financial statement that reports assets, liabilities, and owner's equity on a specific date.
supply chains
Upstream partners supply the raw materials, components, parts, information, finances, and expertise needed to create a product or service.
take (it to) the next level
Step up your efforts
pro-active
taking action yourself rather than waiting for something to happen
market trends
Trends reflect changing opinions, habits, and ideas that can affect what types of products and services customers will buy.
production methods
how things are made
price setting
fixing the prices at which goods and services will be sold
staff appraisals
Regular meetings with manager, being told how well they are doing
product development
developing the product concept into a physical product
to benchmark
a familiar number used as a point of reference
sales projections
the amount of revenue a company expects to earn at some point in the future
IT support
assistance with computer and software products
Consumer Relations
All the activities a business engages in to interact with its customers
training budget
money reserved for training staff
Empowerment
giving employees the authority to correct a problem without first checking with managemen
do a reality check
when you've lost touch with the real world
buy-in
agreement on a course of action
drill down
to further divide the data into more detail
core competencies
Things a company does extremely well, which sometimes give it an advantage over its competition
cost cutting
reducing costs
the big picture
the situation as a whole
the bottom line
the essential point in a discussion
ramp up (production/sales)
to increase
quality control
the strategy for minimizing errors by managing each stage of production
distrabution channels
different methods a product or service is provided to the public
a change of mindset
completely rethinking your attitude and approach to something
advertising campaign
a coordinated, comprehensive plan that carries out promotion objectives and results in a series of advertisements placed in media over a period of time
think outside the box
to think of new, different, or unusual ways of doing something, especially in business
salary reviews
A meeting with an employee to assess their pay and decide whether to increase their salary
To synergize
Work together to achieve more