stakeholder
/ˈsteɪkˌhoʊldər/Anyone with an interest in how a business or project turns out, such as staff, customers or investors.
Example: The board consulted every stakeholder before changing the policy.
B114 words · Intermediate
Business Management vocabulary — B1
Business vocabulary for everyday office life, including stakeholders, procurement, the weekly agenda and meeting minutes that keep a team on target.
14 questions
Words in this set
14deliverable
/dɪˈlɪvərəbəl/A specific result or item that someone has promised to produce and hand over by an agreed date.
Example:
The first deliverable is due at the end of the month.
shareholder
/ˈʃɛrˌhoʊldər/A person or organisation that owns part of a company by holding its shares.
Example:
Every shareholder received a copy of the annual report.
procurement
/proʊˈkjʊrmənt/The process of finding and buying the goods or services a business needs.
Example:
The procurement team negotiated a better price with suppliers.
compliance
/kəmˈplaɪəns/The act of following laws, rules or standards that apply to a business.
Example:
The firm hired a specialist to check compliance with new regulations.
governance
/ˈɡʌvərnəns/The system of rules and processes by which a company is directed and controlled.
Example:
Poor governance allowed the scandal to go unnoticed for years.
benchmark
/ˈbɛntʃˌmɑrk/A standard used to judge or compare the quality of something.
Example:
Sales this quarter fell below the industry benchmark.
workflow
/ˈwɜrkˌfloʊ/The series of steps a task or piece of work passes through from start to finish.
Example:
The new software simplified the team's daily workflow.
turnover
/ˈtɜrˌnoʊvər/The total amount of money a business earns from sales in a period.
Example:
The company's annual turnover grew by ten percent last year.
merger
/ˈmɜrdʒər/When two companies join together to form one company.
Example:
The two airlines announced a merger worth billions of dollars.
agenda
/əˈdʒɛndə/The list of subjects to be discussed at a meeting.
Example:
The agenda ran to nine items and they reached three.
minutes
/ˈmɪnəts/The written record of what was said at a meeting.
Example:
Nobody had written the minutes for four months.
supplier
/səˈplaɪər/A company that provides goods or services to another.
Example:
They changed supplier twice in one year.
target
/ˈtɑrɡət/A result that a person or team is expected to achieve.
Example:
The quarterly target was raised without anyone being told.
