to acquire experience
get knowledge through doing things
fringe benefits
something that you get for working, in addition to your pay, that is not in the form of money
severence package
<-> compensation, remuneration package
a boardroom row
a room where the people who control a company or organization meet
a fat cat
executives with very high pay and benefits
labor, trade unions
they defend the interests of workers
to be demoted
moved to a less senior job
to downsize
you make the company smaller by reducing the number of people working for it
glass ceiling
this prevents woman from getting further than a particular level
Affirmative Action, equal opportunities, positive discimination
A policy designed to give special attention to or compensatory treatment for members of some previously disadvantaged group.
to head
to lead, guide
vice-presidents
the senior managers in charge of particular areas
establishment
used to talk about the act of founding something as well as a particular organization, or part of one
media magnates, property moguls, software tycoons
people in charge of big business empires, especially journalists
bureaucracy
the system for running government departments, with its rigid (stijve) rules and slow decisions
mutual
having or pertaining to a form of corporate organization in which there are no stockholders, and in which profits, losses, expenses,... are shared by members in proportion to the business each transacts with the company
members
a person that is part of society community
Demutualization
proces waarbij een bedrijf eigendom is van beide partijen wordt omgezet in een bedrijf dat eigendom is van aandeelhouders
diversified
it starts making new products or offering new services
moderator
someone who tries to help other people come to an agreement
field trials
involve placing a new product in selected stores to test customer response under real-life selling conditions
bugs
any error in the program
CAD/CAM
Computer-Assisted Design/Computer-Assisted Manufacturing
industrial scale
The large size or amount characteristic of industry
rollout
the process of making a product available, perhaps in particular places to test reaction
cutting edge or leading edge
the most advanced position in an area of activity
state-of-the-art
very modern and using the most recent ideas and methods
obsolete
no longer in use
copyright infringement
an occasion when someone uses another's text, pictures without permission
royalty payment
A payment made to the owner of a design by someone else who uses it, or to an author by a publisher
churn out
to produce large quantities of something, especially without caring about quality
surplus or glut
overschot, if far too many things are produced then is a surplus or glut these things
spare parts
pieces that replace ones that are broken, overige delen
subcontracting
outside suppliers to provide components and services
lean production
making things efficiently without wast
Wikinomics is a form of mass collaboration
where companies have large numbers of people working together on the internet to solve problems and develop products
prosumers
a customer who wants to buy high quality technical products or equipment
the long tail
why the future of business is selling less or more
benchmarking
a level of quality that can be used as a standard when comparing other things
end-users
the person or organization that uses something rather than an organization that trades in it
market reforms
changes to an economy made by a government so that it becomes more like a market economy
competitors or rivals
a person, team, or company that is competing against others
low-key
if competition isn't strong
FMCG
Fast Moving Consumer Goods - frequently purchased consumer items such as foods, cleaning products and toiletries.
loss-leaders
Cheap items which are there to attract customers
Cutting out the middleman
When someone buys something directly from a producer, instead of from a distributor, in order to save money
cold calls
telephone calls to people you don't know to sell something
a cross-promotion
you buy one product and you are recommended to buy another product
E-procurement
communicating with and ordering from their suppliers over the internet
dot-com bust
economic collapse of most investments in internet commerce in 2000
Web 2.0
a set of economic, social, and technology trends that collectively form the basis for the next generation of the Internet
revenue, turnover
money from sales
sales forecast
raming
COGS
these are the variable costs in making particular goods
money spinner, cash cows
products that have very good profitability
dispatched
send off to a destination or for a purpose
invoicing/billing
the activity of producing invoices and sending them to customers
to write them off
to decide not to chase debts anymore
a going concern
a functioning operation
Depreciation and Amortization
The expensing of long-term assets over time to show their declining value
balance sheet
gives a picture of its assets and liabilities at a particular time
auditors
specialist external accountants
true and fairy view
to be accurate and complete
creative accounting/ window dressing
when a company's results are presented in a way that makes them look better than they really are
bottom line
final figure for profit or loss
raising capital
finding the money you need
a level of indebtness
a company's total debt
bons/debentures
a certificate or voucher acknowledging a debt
to issue
make available and sell to lenders
leverage
amount of loan capital that a company has in relation to its share capital
collateral
A security pledged for the repayment of a loan.
retained earnings
the accumulated net income retained for reinvestment in a business, rather than being paid out in dividends to stockholders
sitting on a cash pile/cash mountain
when you built up enough reserves
make acquisitions
buy other companies
debt burden
difficulty repaying its debt
to bail out
give money to a company to rescue it
insolvent
unable to pay debts
wind up
sell the company's assets and pay out what they can to creditors
to cease trading
stop trading
an alliance or joint-venture
two companies that work together in a particular area
a merge
to come together, blend together
consolidation
reduction in the number of companies
a prey
company that might be bought
a predator
possible buyer
acquisition
The taking by buying most or all of its shares
poison pill
something that makes a company less attractive to buy
white knights
companies which can save another from being bought against their will
conglomerate
large group of companies
disposal
sales
branch
bedrijfstak
an overdraft
an amount of money that a customer with a bank account is temporarily allowed to owe to the bank
going overdrawn
having taken more money out of one's account than it had in it
IPO
Initial Public Offering
deposit account
savings account
mortgage
A loan to purchase a home or other real estate
unit trusts
a service where financial experts invest the money of many people in different companies
ISA
Individual savings account
contributions
something that you contribute or do to help produce or achieve something together with other people, or to help make something successful
windfall
an amount of money that you win or receive from someone unexpectedly
the city or the square mileWall street
the financial centre in Londonthe financial centre in NY
to float/go public
the first time the general public has the ability to buy shares
currencies
buying and selling the money in particular countries
foreign exchange, forex
foreign money needed to carry out international transactions
derivatives
dealers guess how the price of the related underlying shares is going to change in the future, derivatives try to buy them cheaper
the bull market
rising level of prices
the bear market
falling level of prices
points to close up
ending the day higher
sentiment is bullish
feelings are optimistic
blue chips
famous companies that are profitable in good times and bad
new five-year lows
their lowest point for five years
bearish
pessimistic
trade deficit
when a country imports more than it exports
boom and bust
period of growth and rising company profits followed by one with falling growth and losses
chinese walls
measures that financial institutions take in order to stop knowledge in one department being used by another department to buy or sell shares, etc. at an advantage
market rigging
when a group of investors work together to stop a financial market functioning as it should, to gain an advantage for themselves
rackets
illegal activities for making money
money laundering
hiding the truth about the origins of money
sleaze/corruption
when they make or accept illegal payments
exploit
to take advantage of
breach
(n.) an opening, gap, rupture, rift; a violation or infraction; (v.) to create an opening, break through
the lead time
the period of time it takes to prepare and complete or deliver all or part of something
downtime
a period of time when a system is unavailable
gantt chart
a diagram of the stages of a piece of work
run in parallel
to happen at the same time
the rat race
the fierce, unending competition for success
consulation
getting others to participate in a decision or change
consensus
a situation where most people agree with the decisions taken
to impose decisions in a top-down approach
forcing people to accept ideas that they did not agree with
to delegate
give other people responsibility for work rather than doing it all themselves
macho culture
the values typically associated with men - strength, etc.
deference
to respect
bounderies
limits