CHANGE - DEFINITIONS

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

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