Wednesday, April 06, 2005

few more business words

focused on
to focus on something is to direct attention to something

discipline
here, a subject of learning studied at university

decentralization
the move of government and businesses from one central office to several more independent smaller ones

purpose
reason for existence

customer
person or company which buys goods

set objectives
decide which aims need to be achieved

motivate
encourage someone to do something

measure results
judge whether results are good or bad

develop people
to help people grow in experience and knowledge

supervision
being watched to see if work is done well

rewarded
to receive something in return for doing something good

global economy
the making and using of money across the whole world

privatization
selling a government-owned industry to private owners

non-profit organizations
companies which are not run to make money

competitive capitalism
economic system where each person is free to compete in business without government interference

puts people first
puts the benefit of people before the benefit of the organization

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