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Business english 1 vocabulary > 16-22 Strategy > Flashcards

16-22 Strategy Flashcards

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1
Q

strategy

A

A plan to achieve long-term business goals.

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2
Q

Strategy Success

A

Achieving the desired outcomes of a business plan.

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3
Q

Profitability

A

The ability to generate more revenue than expenses.

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4
Q

Resource Allocation

A

Distributing resources (e.g., money, people) effectively to achieve goals.

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5
Q

Cutthroat

A

Extremely competitive and ruthless.

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6
Q

Ferocious

A

Intense and aggressive competition

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7
Q

Fierce

A

Strong, determined, and intense competition.

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8
Q

Low-Key

A

Subtle and not drawing much attention.

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9
Q

Keen

A

Highly enthusiastic or competitive.

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10
Q

Startups

A

New, emerging businesses.

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11
Q

Subsidiary or Business Unit

A

A smaller division or company owned by a larger organization.

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12
Q

key players

A

main competitors

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13
Q

minor players

A

smaller competitors

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14
Q

Bids

A

Proposals or offers to win contracts or business.

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15
Q

Offerings

A

Products or services provided to customers.

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16
Q

Suppliers

A

Companies that provide raw materials or products to a business.

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17
Q

Technology

A

Tools and systems used to enhance business processes and offerings.

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18
Q

Position

A

A company’s standing in the market relative to competitors.

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19
Q

Pressure

A

Forces that challenge or influence a business, such as competition or market demands.

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20
Q

Prices

A

The cost at which goods or services are sold.

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21
Q

Threat

A

A potential risk or challenge to the business.

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22
Q

Advantage/Edge

A

A unique strength that gives a company a competitive lead.

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23
Q

Porter’s 5 Forces

A

A framework analyzing the competitive forces affecting an industry (rivalry, supplier power, buyer power, threat of new entrants, threat of substitutes).

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24
Q

Core Competences

A

Unique skills or capabilities that give a company a competitive advantage.

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25
Q

cost leadership

A

Competing by being the lowest-cost producer.

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26
Q

Differentiation

A

Competing by offering unique products or services.

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27
Q

Focus

A

Targeting a specific market niche.

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28
Q

Volume Industries

A

Industries producing large quantities of goods.

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29
Q

Manufacturer

A

A company that makes products.

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30
Q

Discerning

A

Having good judgment, especially in choosing products.

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31
Q

Concentrated

A

A market with few dominant players.

32
Q

Fragmented

A

A market with many small competitors.

33
Q

Market Share

A

A company’s portion of total sales in a market.

34
Q

Low Entry Barriers

A

Few obstacles to entering an industry.

35
Q

Mergers and Acquisitions

A

Combining companies or purchasing others to grow

36
Q

Acquisitive

A

Actively seeking to buy other companies.

37
Q

Takeovers

A

Acquiring control of another company

38
Q

Strategic Acquisitions

A

Buying companies that align with long-term goals.

39
Q

Vertical Integration

A

Controlling multiple stages of production or distribution.

40
Q

Unwieldy Conglomerate

A

A large, complex company that is difficult to manage.

41
Q

Subsidiaries

A

Companies owned by a larger parent company.

42
Q

Disposed of

A

Sold or eliminated.

43
Q

Divested

A

Sold off assets or parts of a business.

44
Q

Non-Core Business:

A

Activities not central to a company’s main operations.

45
Q

Make or Buy Decision:

A

Choosing whether to produce in-house or purchase from others.

46
Q

In-House:

A

Done within the company, not outsourced.

47
Q

Divestment:

A

Selling off parts of a company.

48
Q

Bureaucratic

A

Overly complex and slow due to rigid procedures

49
Q

Corporate Venturing

A

Large companies investing in or creating startups.

50
Q

Intrapreneurship

A

Employees acting like entrepreneurs within a company

51
Q

Entrepreneurial Activities

A

Innovating and starting new business ventures

52
Q

Skunk Works

A

Small, innovative project teams working independently within a company.

53
Q

IBM

A

A major technology and consulting company.

54
Q

Pioneer (verb):

A

To lead or be the first to do something.

55
Q

Focus Groups

A

Small, diverse groups giving feedback on products or ideas

56
Q

First Mover Advantage

A

Gaining an edge by being the first in the market

57
Q

Shakeout:

A

The elimination of weaker companies in a competitive market.

58
Q

Consolidation

A

Merging companies to reduce competition

59
Q

Mature

A

An industry or market that is fully developed and stable.

60
Q

Venturesome

A

Willing to take risks

61
Q

Reap

A

To harvest or gain benefits.

62
Q

Remuneration

A

Payment or compensation for work.

63
Q

Venture Capital Group

A

Investors providing funding to startups in exchange for equity.

64
Q

Mould Breaking

A

Innovative and unconventional.

65
Q

Hampering:

A

Hindering or obstructing progress.

66
Q

Stifle

A

Suppress or limit growth and innovation.

67
Q

Scenario Planning:

A

Preparing for multiple potential future events.

68
Q

Delphi Method

A

A technique using expert consensus for forecasting.

69
Q

Consensus

A

General agreement among a group.

70
Q

Risk Management

A

Identifying and mitigating potential business risks.

71
Q

Nationalization of Assets

A

Government takeover of private assets

72
Q

Public Relations

A

Managing a company’s image and communication with the public

73
Q

Business Continuity:

A

Ensuring operations continue during disruptions.

74
Q

Contingency Plans

A

backup plans for unexpected events.

75
Q

Customer Orientation

A

Prioritizing customer needs in business decisions.

76
Q

Customer Focus:

A

Concentrating efforts on satisfying customers.

77
Q
A

Business english 1 vocabulary (4 decks)

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