business english Vocabulary

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Unit 1 Management

Consultant – a person who provides expert advice to a company
Crisis – a situation of danger or difficult
Innovation – a new idea or method
Objective (noun) – something you plan to do or achieve
Promotion – when someone is raised to a higher or more important position
Public sector – the section of the economy under government control
Strategy – a plan for achieving success
Subordinate – a person with a less important in an organization

Unit 2 Work and motivation

Labour relations – interaction between employers and employees, or managersand workers
Job security - knowing that there is a little risk of losing one’s employment
Wages - money paid (per hour or day or week) to manual workers
Benefits or perks - advantages that come with a job, apart from wages or salary
Incentives – things that encourage people to do something
Promotion – to be raised to a higher rank or better job
Unskilled – without any particular abilities acquired tasks
Job rotation – regularly switching between different tasks
Corporate culture – A company’s shared attitudes, beliefs, practices and work relationships

Unit 3 Company structure

Autonomous – independent, able to take decisions without consulting someone at the same level or higher in the chain command
To delegate - to give someone else responsibility for doing something instead of you
Function – specific activity in a company, e.g. production, marketing, finance
Hierarchy or chain of command - a system of authority with different levels one above the other, e.g. a series of management positions, whose holders can make decisions, or give orders and instructions.
Line authority - the power to give instructions to people at the level below in the chain of command
To report to - to be responsible to someone and to take instructions from him or her

Unit 4

Globalization – an invented word combining worldwide and regional concerns
Logic – thought based on reason and judgment rather than feelings and

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