Business

  • Created by: Wiinn
  • Created on: 13-03-18 12:29
Business Vocabulary
Words & Definitions
1 of 13
Leadership (Leaders)
A person who sets the overall company vision and targets and makes decisions on how the vision can be met
2 of 13
Management (Managers)
A person who is responsible for controlling and using resources (including staff) as productively as possible
3 of 13
Theory X
Workers are considered to be lazy and motivated mainly by money (e.g. piece rate)
4 of 13
Theory Y
Workers are considered to be ambitious and hard working, motivated by non-financial motivation such as job enrichment
5 of 13
Strategy
Is the way a business operates in order to achieve its aims and objectives
6 of 13
SWOT
Used to identify and analyse the internal Strength and Weaknesses of organisation, as well as the external Opportunities and Threats created by the business and economic environment
7 of 13
Porter's Fives Force
A model for assessing the competitive strength and position of a business, in relation to customers, suppliers and competitors
8 of 13
Ansoff Matrix
A marketing planing model that helps a business determine its product and market strategy
9 of 13
PEST
Analysis describes a framework of macro environmental factors used in the environmental scanning component of strategic management
10 of 13
Ethics
Behaviour involve actions and decisions that are seen to be morally correct
11 of 13
Decision Trees
Are diagrams that set out all the options available when making a decisions, including as estimate of their likelihood of occurring
12 of 13
Critical path analysis
Identifies the precise sequence of activities that need to be completed within a strict time-frame and the best way to avoid any unnecessary delay
13 of 13

Other cards in this set

Card 2

Front

A person who sets the overall company vision and targets and makes decisions on how the vision can be met

Back

Leadership (Leaders)

Card 3

Front

A person who is responsible for controlling and using resources (including staff) as productively as possible

Back

Preview of the back of card 3

Card 4

Front

Workers are considered to be lazy and motivated mainly by money (e.g. piece rate)

Back

Preview of the back of card 4

Card 5

Front

Workers are considered to be ambitious and hard working, motivated by non-financial motivation such as job enrichment

Back

Preview of the back of card 5
View more cards

Comments

No comments have yet been made

Similar Business resources:

See all Business resources »See all Business vocabulary resources »