Talking about Management: English Vocabulary List

the act or process of working with someone to produce or achieve something

"The song was an unexpected but brilliant collaboration between the two artists."

"The collaboration between the two departments led to great results."

a group of people appointed or elected to perform a specific function, task, or duty

"The planning committee will meet next Thursday to discuss the budget."

"A steering committee is a high-level advisory group that provides guidance on the overall strategic direction"

the act of following rules or regulations

"The company is in compliance with safety laws."

"The company hired a lawyer to ensure full compliance with all environmental safety regulations."

the practice of giving professional advice within a particular field

"McKinsey & Company is one of the world's most powerful consultancy firms."

"A strategy consultancy is a professional service firm that provides high-level advice to corporations on their most complex"

the ability to act or function with minimum effort, time, and resources

"The new hybrid engine offers a ten percent increase in fuel efficiency."

"Implementing new software dramatically improved the team's efficiency, allowing them to complete tasks much faster."

the hierarchy of positions and responsibilities in an organization responsible for the direct supervision and control of employees, typically involving the execution of day-to-day tasks and achieving operational goals

"The new project manager has direct line management over five developers."

"Line management is the direct chain of command from a senior leader down to the frontline employees"

a judgment on the quantity and quality of something after careful consideration

"The evaluation was fair."

"A heuristic evaluation is a usability inspection method where a few expert evaluators examine an interface to judge its compliance with a set of recognized and proven usability principles."

high level of skill, knowledge, or proficiency in a particular field or subject matter

"Her expertise was great."

"A center of expertise is a dedicated team within an organization that provides deep"

used after the name of a company to indicate that its owners are not legally responsible for all the money that the company owes but only to the amount they have invested in it

"The company is called Smith Ltd."

"The company was registered as GreenTech Ltd, which limited the owners' financial liability."

a structure or model guiding organization or development, often with rules or principles

"The report provides a clear framework for the new policy."

"We need a strong framework to guide our project development."

a reliable and experienced person who helps those with less experience

"My mentor is wise."

"A peer mentor is a person at a similar level who provides support and guidance"

a set of ideas or a plan of action that has been chosen officially by a group of people, an organization, a political party, etc.

"The new policy will be announced."

"An accommodative monetary policy is a central banking strategy of lowering interest rates and increasing the money supply to stimulate economic growth during a slowdown."

a written statement that shows the assets and liabilities of a company at a specific point in time

"The balance sheet is key."

"Investors carefully reviewed the company's balance sheet to assess its financial health."