CHANGE - DEFINITIONS

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Trailblazer
kezdjen tanulni
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
kezdjen tanulni
means a complete change from bad situation to a good one.
The bottom line
kezdjen tanulni
is the financial result of a company’s business, the amount of money that a business makes or loses.
Front-line employees
kezdjen tanulni
mean people who directly interact and deal with customers.
Empowerment
kezdjen tanulni
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
kezdjen tanulni
is ways of doing something by company, it is how company decide, what kind of methods and working system they have.
Economic downturn
kezdjen tanulni
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
kezdjen tanulni
means basic abilities, people with the key skills.
Intranet
kezdjen tanulni
is an Internet-type system available only to a company employees.
Acquisition
kezdjen tanulni
is when one company buys another one or part of another one.
Takeover
kezdjen tanulni
means take control of a company by buying more than 50% of its shares.
Merger
kezdjen tanulni
is when two companies or organisations decide to cooperate, and they join into one larger company.
Outsource
kezdjen tanulni
is when company or organisation employs another company to do something.
Parent company
kezdjen tanulni
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
kezdjen tanulni
is a relationship between two people, companies, organisations, or countries that work together.
Upgrade the product / service
kezdjen tanulni
means improvement the quality of a service or product.
Retrain all staff
kezdjen tanulni
means to teaching all the employees, new skills that are needed for a job.
Restructure the company
kezdjen tanulni
means organizing something such as a company in a different way so that it will operate better.
Relocation their operations
kezdjen tanulni
means moving activity to a different place, or to make someone or something do this.
Relaunch the product
kezdjen tanulni
means a new attempt to sell a product, especially in a slightly different way.
Redevelop
kezdjen tanulni
means improvement an area that is in bad condition by destroying or improving old buildings and building new ones.
Reassess
kezdjen tanulni
the situation means carefully consider a situation, person, or problem again.
Downsize workforce
kezdjen tanulni
means making a company or organization smaller by reducing the number of workers.
Deregulate
kezdjen tanulni
means taking away the rules that control something.
Decentralise
kezdjen tanulni
means changing the way a country, organisation or industry is run.

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