Business Management Terminology

verb to make up for something, to repay or make amends for a loss or injury

• The company will compensate employees for any overtime worked.
• Don't worry, I'll make sure to compensate you for helping me out.
• I'll hook you up to compensate for the inconvenience.
• Her kindness towards others compensates for her lack of material wealth.

noun A particular branch of knowledge or sphere of activity

• The department of education is responsible for setting national standards.
• I heard the department is planning a team-building retreat next month.
• The IT department is where all the tech wizards hang out.
• In the department of life skills, he excels at problem-solving.

adjective relating to or involving division, especially within an organization or group

• The company's divisional structure allows for more focused management of specific business units.
• The divisional meeting has been rescheduled to next week.
• I heard the divisional team is having a pizza party after work.
• The divisional rivalry between the two departments is starting to affect overall productivity.

noun a disadvantage or problem that makes something less desirable or successful

• One drawback of the new software system is its lack of compatibility with older operating systems.
• The only drawback of the beach house is that it's a bit far from town.
• The main drawback of the job is the long hours and low pay.
• The drawback of always taking the easy way out is that you never truly challenge yourself to grow.

noun the degree to which something is successful in producing a desired result; the ability to produce a desired result

• The effectiveness of the new drug in treating the disease was proven in clinical trials.
• She was surprised by the effectiveness of the home remedy for her headache.
• I can't believe the effectiveness of that new workout routine - I'm already seeing results!
• The effectiveness of her argument was like a sharp sword cutting through the opposition's defenses.

noun A person in a position of authority in a company or organization, typically having the power to make decisions and oversee operations.

• The executive officer presented the quarterly financial report to the board of directors.
• The exec officer gave the team an update on the project status.
• The exec officer is the big boss around here.
• As the executive officer of the company, she steers the ship in the right direction.

noun external objects or features

adjective relating to or existing on the outside

• The company hired a team of consultants to audit their externals and provide recommendations for improvement.
• I need to clean up my externals before the big meeting with the clients.
• I can't believe she's all about her externals, like, who cares about that stuff?
• She always puts on a good show, but her externals don't match what's really going on inside.

verb to proceed or make progress in a particular direction or manner

adverb used to indicate the surrounding circumstances or manner in which something is done

• The committee discussed the best way to go about implementing the new policy.
• I'm not sure how to go about fixing this broken lamp.
• I have no idea how to go about asking her out on a date.
• Sometimes we need to think outside the box on how to go about solving a problem.

adjective describing a quality or characteristic of a manager or management

• The managerial team is responsible for overseeing the daily operations of the company.
• The boss and the managerial staff are meeting to discuss the upcoming project.
• The higher-ups are always talking about the managerial decisions being made.
• His managerial skills are like a well-oiled machine, keeping everything running smoothly.

verb The word 'managing' is a verb that describes the action of controlling or organizing something.

adjective The word 'managing' can also be used as an adjective to describe someone who is skilled at organizing or controlling things.

• She excels at managing complex projects with multiple stakeholders.
• I'm not great at managing my time, I always end up procrastinating.
• He's a pro at managing his money, always knows how to stretch a dollar.
• Managing a team is like conducting an orchestra, you have to keep everyone in tune.

noun the act or state of not performing or failing to carry out a duty or obligation

• The contract clearly outlines the consequences of nonperformance by either party.
• If there's any nonperformance, we're all in trouble.
• Dude, don't even think about nonperformance on this project.
• His nonperformance in the game was like watching a train wreck in slow motion.

adjective neat and organized; well-behaved or disciplined

• The librarian ensures that the books are arranged in an orderly fashion on the shelves.
• Please keep your desk area tidy and orderly.
• Let's make sure everything is in order before the boss comes in.
• His thoughts were in such disarray that he struggled to form an orderly argument.

verb to absorb or engross the mind completely; to occupy or distract someone beforehand or in advance

• Her work responsibilities often preoccupy her thoughts throughout the day.
• She can't stop thinking about her upcoming vacation, it's really preoccupying her mind.
• I'm so preoccupied with this new video game, I can't focus on anything else.
• The looming deadline preoccupies his mind like a dark cloud, causing stress and anxiety.

noun the quality or state of being productive; the effectiveness of productive effort, especially in industry, as measured in terms of the rate of output per unit of input.

• The company's success can be attributed to the high level of productiveness among its employees.
• The team's productiveness really helped us meet our deadline.
• I need to up my productiveness game if I want to finish this project on time.
• Planting seeds of knowledge in young minds can lead to a harvest of great productiveness in the future.

noun the activity or occupation of keeping records or accounts

adjective describing something related to the act of keeping records

• Proper record keeping is essential for maintaining accurate financial records.
• Hey, don't forget to do the record keeping for the expenses we incurred last month.
• I hate doing all this record keeping, it's such a hassle.
• In life, record keeping can be seen as a way to track our progress and growth over time.

noun the act of organizing something again in a different way

adjective reorganizational (relating to or involving reorganization)

• The company announced a major reorganization of its departments to improve efficiency.
• They're shaking things up with a big reorganization at work.
• Looks like they're doing a whole reorg at the office.
• Sometimes a personal reorganization is necessary to achieve growth and success.

noun a stock or supply of money, materials, staff, and other assets that can be drawn on by a person or organization in order to function effectively

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• The company invested in new resources to improve efficiency.
• We need to gather more resources for the project.
• I'm tapped out on resources for this month.
• She is a great resource for information on that topic.

verb to organize or change the structure of something, typically a company or organization

• The company decided to restructure its operations in order to improve efficiency.
• The company is planning to shake things up and restructure how they do things.
• The company is gonna totally revamp and restructure everything.
• Sometimes in life, we need to restructure our thoughts and beliefs to grow and evolve.

noun the act of reducing or cutting back on expenses or costs, especially in a business or organization

• The company had to resort to retrenchment in order to cut costs and stay afloat.
• Many employees were laid off due to retrenchment at the company.
• I heard there's going to be a massive retrenchment round next month.
• In times of crisis, retrenchment may be necessary to survive.

noun a graduated range of values forming a standard system for measuring or grading something

verb to reduce the size, extent, or importance of something

• In order to reduce costs, the company decided to scale down its operations.
• We should scale down the party guest list to save money.
• Let's scale down the road trip and just visit a few places instead of trying to see everything.
• Sometimes we need to scale down our expectations in order to avoid disappointment.

noun a state of being disturbed or disrupted

verb to disturb or disrupt

• The company decided to shake up its management team in order to improve efficiency.
• I think it's time to shake up our routine and try something new.
• Let's shake things up and hit the town tonight!
• The unexpected news really shook up his world and forced him to reassess his priorities.

verb to restrict or limit in amount or number

• The company stinted on providing proper training for its employees.
• She stinted on buying new clothes this month to save money.
• He always stinted on sharing his snacks with friends.
• Their love for each other was never stinted, no matter the circumstances.

noun The highest-ranking executive in a company or organization, responsible for the overall operations and performance

• The general manager of the company is responsible for overseeing all operations.
• Hey, have you met the general manager yet? He's really nice.
• The GM is the one in charge around here.
• As the general manager of my own life, I make sure everything runs smoothly.

verb To organize or divide into departments.

• In order to increase efficiency, the company decided to departmentalize their operations.
• They're planning to departmentalize the team so that everyone has a clear role.
• Let's departmentalize the project by assigning specific tasks to each person.
• Sometimes it's better to departmentalize your thoughts and focus on one thing at a time.

noun the act of making something subsidiary or subject to the control or authority of another

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• The company's subsidiarization strategy involves establishing new subsidiaries in different regions.
• The subsidiarization plan is all about creating smaller companies under the main one.
• They're talking about subsidiarization, which basically means breaking up the company into smaller parts.
• In the world of business, subsidiarization is like planting seeds for future growth.

verb to manage or direct the affairs of a business, organization, etc.

• The committee is responsible for administrating the funds for the project.
• She's in charge of administrating the employee schedules.
• I don't want to be the one administrating all the paperwork.
• He is like a conductor administrating the symphony of tasks in the office.