Unit 1: Management Flashcards
A company that has just been formed
start-up company
The equivalent of the chairman of the board of directors in Britain
President
A new idea of method
innovation
A situation of danger or of difficulty
crisis/crises
to deal with crisis
A person with a less important position in an organization
subordinate
to supervise a subordinate
Something you plan to do or achieve
objectives
to set objectives
When someone is raised to a higher or more important position
promotion
A person who provides expert advice to a company
consultant
The section of the company under government’s control
public sector
a plant for achieving success
strategy
the manager with the most authority in the normal everyday management of a company
CEO
To set apart for particular purpose, for example funds for a new project
to allocate
to allocate human, capital, resources…
an organization whose prime mission is not to make money, e.g. a charity
not-for-profit organization
