Some
Common Words, Phrases and Acronyms used in Business and Management
ASAP: as soon as possible
Ex:
try to finish your report ASAP.
FYI: for your information
Ex:
Hey, FYI….our production has been going down for the last two months.
Rat Hole: distractions
that make us not achieve results during a meeting
Ex:
Everybody is making reference to the same topics over and over again. No rat
holes, please.
Heads-up: warning,
precaution, alert
Ex:
Heads-up only…. We need to present those results tomorrow.
One meeting, please: just one person talking, no interruptions
Ex:
Hey, everybody is making a lot of noise and talking…one meeting, please
Wrap-Up Meeting: a meeting to decide and make decisions. To come to and end and decide something.
Ex:
We made up our minds during our wrap-up meeting yesterday.
SOP: standard operating procedure
Ex:
Could you please explain the SOPs defined by your group, please?
CEO: Chief Executive Officer / Administrator / President
Ex:
Our CEO made reference to our great revenues.
CFO:
Chief Financial Officer
Ex:
Our CFO made reference to our economic difficulties.
1:1 (one on one): To have a
meeting between 2 people only.
Ex:
I need a 1:1 with you ASAP. Could you
make it tomorrow at
Face to Face (F2F): eye to eye, person to person
Ex:
I’ll go to the
VOCABULARY
UNIT 1
-Career
Management: The act of controlling your career or profession
-CV
(Curriculum Vitae) / Résumé: A summary of personal and professional history
-Dump:
to throw away, to transfer
-Entrepreneur:
a manager, organizer, employer who sometimes takes many risks
-Get
a life: to live
-Get
ahead: climb, prosper, succeed, move up
-Hard
feelings: resentment
-High-flier:
a person who grows fast in terms of business
-Interviewee:
a person applying for a job
-Interviewer:
a person who evaluates or questions a job applicant
-Mining:
Process or act of removing coal
-PLC:
public limited company
-Rat
race: competition
-Shortage:
deficiency in quantity, deficit
-Smokestack:
chimney
-Telecommute:
to use a computer and other devices to work at home
-Wage
slave: employee
UNIT2
-Inheritance:
legacy, gift given by someone
-Resilience:
flexibility
-Entrepreneur:
a person who organizes and manages a business assuming the risk for the sake of
the profit
-Greedy:
avaricious, selfish
-Crackpot:
a crazy or eccentric person
-Bide:
Endure
-Icon:
image, figure, symbol
-Manager:
administrator or person who manages or administrates a company or place
-Background:
framework, environment or setting. Circumstances or
conditions.
-Budding:
juvenile
-Flair:
talent, gift or ability