CHANGE - DEFINITIONS

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término English definición English
Trailblazer
empezar lección
is the first company to develop new methods of doing something. It means someone who is the first to do something or to discover something.
Turnaround
empezar lección
means a complete change from bad situation to a good one.
The bottom line
empezar lección
is the financial result of a company’s business, the amount of money that a business makes or loses.
Front-line employees
empezar lección
mean people who directly interact and deal with customers.
Empowerment
empezar lección
is giving someone the legal authority to make decision, is giving people the power to do something. People can make more decision on their own.
Company culture
empezar lección
is ways of doing something by company, it is how company decide, what kind of methods and working system they have.
Economic downturn
empezar lección
is when company has some economical and financial problems. Sometimes company has to shed staff. (prices or the value of stocks, shares fall)
Core competents
empezar lección
means basic abilities, people with the key skills.
Intranet
empezar lección
is an Internet-type system available only to a company employees.
Acquisition
empezar lección
is when one company buys another one or part of another one.
Takeover
empezar lección
means take control of a company by buying more than 50% of its shares.
Merger
empezar lección
is when two companies or organisations decide to cooperate, and they join into one larger company.
Outsource
empezar lección
is when company or organisation employs another company to do something.
Parent company
empezar lección
if one company is the parent of another, it owns at least half the shares in the other company and has control over it.
Partnership
empezar lección
is a relationship between two people, companies, organisations, or countries that work together.
Upgrade the product / service
empezar lección
means improvement the quality of a service or product.
Retrain all staff
empezar lección
means to teaching all the employees, new skills that are needed for a job.
Restructure the company
empezar lección
means organizing something such as a company in a different way so that it will operate better.
Relocation their operations
empezar lección
means moving activity to a different place, or to make someone or something do this.
Relaunch the product
empezar lección
means a new attempt to sell a product, especially in a slightly different way.
Redevelop
empezar lección
means improvement an area that is in bad condition by destroying or improving old buildings and building new ones.
Reassess
empezar lección
the situation means carefully consider a situation, person, or problem again.
Downsize workforce
empezar lección
means making a company or organization smaller by reducing the number of workers.
Deregulate
empezar lección
means taking away the rules that control something.
Decentralise
empezar lección
means changing the way a country, organisation or industry is run.

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