useful information Flashcards
benchmarking & best practice
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Companies use benchmarking to find ways to improve their performance. It involves comparing the performance of different departments within a company, examining how competitors in the same industry are performing, or looking at how similar function is carried out in another industry.
In all cases it involves identifying what is known as best practice: this is the most effective and efficient method of achieving an objecitve or task.
money a company borrows in order to start up
money the owners borrow in order to set up their company
equity capital
slang for going bankrupt
to bust
something you want to reach and which also found in football
goal
the achievement of what you set out to do
success
business people & entrepreneurs
establish
entrepreneurial
A business person works for a profit-orientated enterprise, usually as a manager or in administration.
If he or she works in his or her own business, he/she is also an entrepreneur - someone who starts or establishes his/her own company, bearing the responsibility for all risks involved.
Such a person may start a series of companies, leaving each one once the company is big enough to survive and develop.
A person who is willing to take risks in order to make profit (and is successful at doing this) is described as being entrepreneurial.
the value of people and the skilss they provide
human capital
money needed to keep trading and produce goods
working capital (Umlaufcapital)
Geld das (fortlaufend) benötigt wird um Handel zu betreiben und die Produkte herzustellen.
money which is invested in a project that has a high chance of failing
risk capital
