Friday 20 April 2012

Today's Business English term

Stakeholder
Person, group, or organization that has direct or indirect stake in an organization because it can affect or be affected by the organization's actions, objectives and policies. Key stakeholders in a business organization include creditors, customers, directors, employees, government , suppliers, unions and the community from which the business draws its resources.

Read more: http://www.businessdictionary.com/definition/stakeholder.html#ixzz1safh1sdd

Today's Business English idiom

Ring a bell
If something rings a bell, it sounds familiar or you think you've heard it before.
Example:
Does the name "Robert Harris" ring a bell?

Monday 9 April 2012

Today's Business English term


Gap Analysis

Definition

A technique for determining the steps to be taken in moving from a current state to a desired future-state. Also called need-gap analysis, needs analysis, and needs assessment.

Gap analysis consists of

(1) listing of characteristic factors (such as attributes, competencies, performance levels) of the present situation ("what is"),

(2) cross listing factors required to achieve the future objectives ("what should be"), and then

(3) highlighting the gaps that exist and need to be filled.



Read more: http://www.businessdictionary.com/definition/gap-analysis.html#ixzz1rYDPisfc