Management:

1. Manager- is a person responsible for controlling or administering an

organization or group of staff.
2. Five tasks of management: Planning (setting objectives), organizing,
integrating (motivation and communicating), measuring performance,
developing people.
3. Director- is a person who is in charge of an activity, department, or
organization.
4. Precise tactics – точная тактика
5. Resource allocation is the assignment of available resources to various uses.
6. Manageable activities- управляемая деятельность.
7. Supervising- observe and direct the execution of (a task or activity).
8. Consultant – a person who provides expert advice to a company.
9. Crisis – a situation of danger or difficulty.
10. Innovation – a new idea or method.
11. Objective (noun) – Something you plan to do or achieve.
12. Promotion – when someone is raised to a higher or more important position.
13. Public sector – the section of the economy under government control.
14. Strategy – a plan for achieving success.
15. Subordinate – a person with a less important position in an organization.
16. Senior manager – a chief operating officer who will be responsible for
managing the company’s day-to-day operation, and making sure that all
operation is efficient and effective.
17. Remuneration – salary, commission, bonuses, perks.
18. Esteem – achievement, status, responsibility.
19. Self-actualization – personal growth and fulfilment.
20. Labour relation – interaction between employers and employees, or
managers and workers.
21. Job security – knowing that there is a little risk of losing one’s employment.
22. Wages – money paid (per hour or day or week) to manual workers
23. Benefits – advantages that come with a job, apart from pay.
24. Incentives – things that encourage people to do something
25. Promotion – to be raised to a higher rank or better job
26. Unskilled – without any particular abilities acquired by training.
27. Job rotation – regularly switching between different tasks.
28. Corporate culture or company’s shared value – a company’s shared
attitudes, beliefs, practices and work relationships.
29. Autonomous – independent, able to make decision without consulting
someone at the same level or higher in the chain of command.
30. To delegate – give someone else responsibility for doing something instead
of you.
31. Function – a specific activity in a company, e.g. production, marketing
finance.
32. Hierarchy/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.
33. Line authority – the power to give instructions to people at the level below
in the chain of command.
34. To report to – be responsible to someone and take instruction from them.
35. Collectivist – (someone) believing that the group is more important than the
individual.
36. Compromise – reducing demands or changing opinions in order to agree.
37. Confrontation – a face-to-face disagreement or argument.
38. Connection – people of influence or importance with whom you are
associated.
39. Eye contact – looking directly at the people you are talking to or listening
to.
40. Glocalization – an invented word combing worldwide and regional
concerns
41. Improvise – do something when necessary without having already planned
it.
42. Interrupt – to cut into someone else’s turn to speak.
43. Intuition – understanding or knowing without consciously using reason.
44. Logic – thought based on reason and judgment rather than feeling and
emotion.
45. Lose face – be humiliated or disrespected in public.
46. Status – respect, prestige, or importance given to someone.
47. Critical mass – the number of people needed to start and sustain a change.
48. Leadership ranks – top levels of management.
49. Outperforming – doing better than others, financially.
50. Profitability – the ability to make a good return on capital invested in the
business.
51. Return on equity – the amount of money a company earns on the investment
of its shareholders.
52. Come cross – meet or find unexpectedly or by accident.
53. Compulsory – required, obligatory, necessary according to the law.
54. Quota – an officially imposed number or quantity.
55. Voluntary – done by choice, without legal obligation.
56. Compliance – obeying laws or regulations.
57. Dissolution – the ending or termination of an organization.
58. Apprentices – trainees, people still learning their job.
59. Convert – someone who changes their beliefs.
60. Accountability – being officially responsible for something.
61. Labor unions – organizations defending the interests of workers.
62. A strike, stoppage or walk-out – workers stop working for a time.
63. A go-slow – workers continue to work, but more slowly than usual.
64. An overtime ban – workers refuse to work more than the normal number of
hours.
65. Headquarters – head office.

Products
1. Export goods – products sold to other countries.
2. Real estate – property: buildings such as offices, houses, flats (BrE) or
Apartments (AmE).
3. Labour – work done in return money.
4. To delocalize – to move your factories to another region or country.
5. To outsource – to use companies to do work your company previously did
itself.
6. Inventory or stocks – is a company’s reserves involved in producing and
delivering goods or a service.
7. A component – is any of the pieces or parts that make up a product or
machine.
8. Capacity – is the (maximum) rate of output that can be achieved from
production process.
9. Plant – is a collective word for all the buildings, machines, equipment, and
other facilities used in the production process.
10. Location – means the geographical situation of a factory or other facility.
11. A supply chain – is a network of organizations involved in producing and
delivering goods or a service.
12. Outsourcing – Means buying products or processed materials from other
companies rather than manufacturing them.
13. Economies of scale – are the cost savings arising from large-scale
production.
14. Lead time – is the time needed to perform an activity.
15. Outsource – obtain (goods or a service) by contract from an outside
supplier.
16. Supply chain – the sequence of processes involved in the production and
distribution of a commodity.
17. Embedded – firmly fixed in something or part of something.
18. Standards of living – the quality of people’s lives.
19. Founder – someone who establishes a company.
20. Risk premium – the potential cost of taking a chance.
21. Equity – the value of business activity.
22. Disruptive – causing trouble and stopping something from continuing as
usual.
23. Exponentially – increasing or decreasing more and more quickly as time
passes.
24. Procurement – the obtaining of supplies.
25. Prosperity – the state of being successful and having a lot of money.
26. Stability – the situation when something is not likely to change.
27. A forecast is a statement of what is expected to happen in the future.
28. Estimate – a guess of what the size or amount of something might be.
29. Agile – able to move quickly and easily.
30. Accurate - correct exact and without any mistakes.
31. Logistics - designing and managing the flow of goods information and
other resources.
32. Manual – done with the hands.
33. Replenish – to fill something up again.
34. Lean – (of production) using small quantities and avoiding any waste.
35. Bountiful – providing a large number of good things.
36. Headaches – things that cause difficulties.
37. Regulation – official rules of the act of controlling something.
38. Reworking – changing or improving a product or service.
39. Scrapping – getting rid of things which are no longer useful or wanted.
40. Service – to examine a machine and repair and faulty parts
41. Warranties – guarantees: written promises to repair or replace products
that develop a fault.
42.

43. Industry (uncountable) is the production of materials and goods.

44. An industry (countable) is a particular type of business activity, not
necessarily production.
45. Industrialization – the development of industries in a country or region on
a wide scale.
46. Emerging industries – is an industry that is in the early stages of
development.
47. Rollout – is the process of making a product available, perhaps in
particular places, to test reaction.
48. Product launch – is the moment when the product is officially made
available for sale.
49. Breakthroughs – a sudden, dramatic, and important discovery or
development.
50. Proprietary – is an information or knowledge that belongs to an individual
or company.
51. Copyright – is an if a text, picture, etc. in publishing.
52. Royalties – are payments to the author from the publisher.
53. Intellectual property – is the area of law relating to patents and copyright.
54. Purchaser – is a person or organization that buys something.
55. Idea generation – is the systematic search for new product ideas.
56. Commercialization – the process of managing or running something
principally for financial gain.
57. Brainstorming – is a technique used by markets during product naming to
find new names for products, or during product development to find new
products and to generate ideas.
58. Product type – is a group of products offered by different companies
which are technically similar.
59. Product class – is a group of products that may be considered as
substitutes for one another.
60. Convenience/fast moving consumer/consumer packaged/ goods –
products with a high turnover and relatively low price, such as table salt and
shampoo.
61. White products – major household electrical goods which are usually
white, such as freezers, washing machines and dishwashers.
62. Brown goods – major household electrical goods that are not usually
white, such as camcorders, televisions, and DVD players.
63. Perishable goods – goods that have a limited shelf life and must be
consumed relatively quickly, such as fresh fruit, fresh meat and eggs.
64. Durable/hard goods – goods that las for a long time – they cannot be
easily worn out or used up, such as cars, furniture and white goods.
65. Nondurable/soft goods – goods that are used up or last for less than three
years – for example, perishable goods, consumable supplies such as Cd
ROMs, or ink for a printer.
66. Green products – products that are not harmful for the environment.
67. Genetic products – products sold without a brand name, usually in a
supermarket or in a pharmacy as alternatives to brand name drugs.
68. Healthcare products – products that are beneficial for your health and
well-doing and well-being for example, vitamins and plasters.
69. Problem children – are products or services that are not yet established, or
well known, in the market. They will consume resources – for example,
time or money – before giving a return on investment. In some cases, these
products or services may never be profitable – make the company money
especially if they are in a slow-growing business sector or a saturated
market, such as diet drinks or the mobile phone market.
70. Stars – have both high market growth rate and high relative market share.
These products or services are probably in a fast-growing business sector.
They generate high cash flows, but are not always profitable. Profitability
depends on the amount invested in the stars.
71. Cash cows – have high relative market share, but little market growth.
They are products or services that consumers know, trust and consume.
They generate profit as they don’t need much investment. They can be used
to feed research and development for other products.
72. Dogs – are products or services that have low relative market share and low
market growth. They consume resources and do not create profit. They may
 generate a negative cash flow – that is, they make a loss. The best course of
action is to raise prices to maximize income, known as harvesting, before
finally dropping the line – taking the products or service off the market.
73.