In Company 3.0 Intermediate Glossary Flashcards

A comprehensive vocabulary flashcard set covering key terms, concepts, and definitions across Units 1 to 20 and Scenarios A to E of the In Company 3.0 Intermediate glossary.

merger

the process of combining two companies or organizations to form a bigger one

corporate hospitality

entertainment provided by companies for their customers, for example, at major sports events, in order to get more business

downsize

to make a company or organization smaller by reducing the number of workers

hostile takeover

a situation in which one company takes control of another company by buying a majority of its shares, opposed by the company that is being bought

deadlocked

if a situation is deadlocked, or if people are deadlocked, there is a serious disagreement and neither person or group involved in it is willing to change their opinions or position

acquisition

the process of buying something or obtaining it in some other way

Benelux

Belgium, the Netherlands and Luxembourg, considered as a group

Q3

third quarter: the third of four periods of three months that the year is divided into, especially used when talking about financial accounts

liquidation

a situation in which a business closes and sells everything it owns in order to pay money that it owes

autobiographer

a networker type: a person who is so busy telling you all about themself and their company, they barely have time to ask about you and yours

escape artist

a networker type: a person who introduces you to someone (probably a time waster), and then leaves you with them whilst they go and talk to someone else

hard seller

a networker type: a person who talks business from the moment you meet and gives you their business card before you've even introduced yourself

jet lag

the feeling of being very tired and sometimes confused because you have travelled quickly on a plane across parts of the world where the time is different

delegate

to give part of your work, duties or responsibilities to someone who is junior to you

market research

the process of collecting information about what products people like to buy or what people like or dislike about a particular product

niche market

the part of an industry that sells a particular type of product or service to the small number of customers who want it

profit margin

the difference between how much money you get when you sell something and how much it costs you to buy or make it

subordinate

someone who has less power or authority than someone else

top-down

controlled by the people with the highest status in an organization

MBWA

management by wandering around: when managers solve problems and build relationships by walking around the workplace

aptitude

natural ability that makes it easy for you to do something well

flame

in computing a flame is an angry email, or an email that insults someone

concise

expressed using only a few words, but in a way that is easy to understand

rhetorical question

a question that you ask without expecting or wanting an answer

morale

the amount of enthusiasm that a person or group of people feel about their situation at a particular time

P4P

paying for performance: encouraging workers to improve their performance for more pay

cutting-edge

extremely modern and advanced

jargon

special words and phrases that are only understood by people who do the same kind of work

protocol

a set of rules for the correct way to behave on formal occasions

conglomerate

a large business organization formed when several different businesses join together

PPR

positives possibilities reservations: a management technique

synergy

the extra energy or effectiveness that people or businesses create when they combine their efforts

appraisal

an interview between a manager and an employee, which allows the manager to judge how well the employee is doing their job

carbon footprint

the amount of carbon dioxide a person, organization, building, etc produces, used as a measure of their effect on the environment

telecommuting

when someone works from home on a computer and sends work to their office via the internet

doormat

someone who allows other people to treat them badly and does not complain

pull rank

when you pull rank on someone you use the fact that you are more important or powerful than them in order to force them to do what you want

lead-time

the time between planning something and starting to do it

cash flow

the rate at which a business takes in money through sales and pays it out for the things it needs to continue operating