unit 3.2

annual report

(n) a document published yearly by a company, summarizing its financial performance

appraisal

(n) a formal assessment or evaluation of an employee's performance, skills and contributions, often conducted by a supervisor or manager

automation

(n) the use of technology or computerized systems to streamline and automate business processes, reducing the need for manual intervention

capability

(n) the ability, skills and resources possessed by an individual or organization to perform a particular task or function effectively

challenge

(n) a difficult task or problem that tests someone's abilities

colleague

(n) a person who works with others in the same organization or profession, fostering collaboration, teamwork and knowledge sharing

culture

(n) the shared values, beliefs, norms and practices that shape the behavior and interactions of individuals within an organization or society

demotivated

(adj) lacking motivation or enthusiasm, feeling discouraged or disengaged from work or business-related activities

disadvantage

(n) a condition or circumstance that puts someone or something at a less favorable or inferior position compared to others

dissatisfaction

(n) a feeling of discontent or unhappiness with a situation, product, service or business-related experience

efficiency

(n) the ability to accomplish tasks or processes effectively and with minimum wasted time, effort or resources, maximizing output

factor

(n) a variable, element or condition that influences or contributes to a particular outcome, decision or situation in a business context

measurable

(adj) capable of being quantified or assessed using specific criteria or metrics, allowing for objective evaluation or comparison

mission statement

(n) a concise statement that defines the purpose, values and goals of an organization, guiding its overall direction and decision-making

motivation

(n) the inner drive, desire or incentive that prompts individuals to take action, achieve goals and perform effectively in a business setting

multidisciplinary

(adj) involving or drawing knowledge, skills and expertise from multiple fields or disciplines, promoting a holistic approach to problem-solving

multinational

(adj) pertaining to a company or organization that operates in multiple countries, with business activities, subsidiaries or branches worldwide

objective

(n) a specific and measurable goal or target that an individual or organization aims to achieve within a defined timeframe

overtime

(n) additional hours worked beyond regular working hours, often compensated with extra pay, commonly done to meet business demands or deadlines

policy

(n) a plan or course of action agreed upon by an organization

prioritise

(v) to assign or arrange tasks, activities or goals in order of importance or urgency, ensuring optimal use of time and resources

productivity

(n) the level of output or efficiency in relation to the resources utilized, often measured by the quantity and quality of work produced

repetitive

(adj) characterized by the repetition of tasks, activities or processes, often with little variation or creativity, potentially leading to monotony

reward

(n) something given or received in recognition, appreciation or as an incentive for one's efforts, achievements or contributions in a business context

self-actualization

(n) the process of realizing one's full potential, achieving personal growth and fulfilling one's aspirations in a business or professional context

self-employed

(adj) working for oneself, typically as a freelancer, contractor or business owner, rather than being employed by another company

self-esteem

(n) the overall perception and evaluation of one's own worth, value and confidence in a business or personal context

socialize

(v) to interact and engage with others in a social or professional setting, building relationships and fostering connections

supervision

(n) the act of overseeing, directing and guiding the work, activities or performance of individuals or teams in a business or organization

target

(n) a specific objective, goal or aim that an individual or organization strives to achieve, often with a defined timeframe and measurable outcomes

environment

(n) surroundings that affect the development and behaviour of people and organizations

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