Glossary

Business management glossary

Plain-language definitions for strategy, finance, and operations terms.

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Glossary

Business management

9 terms
B 5 terms
  • Business model
    The way a company creates value, delivers it to customers, and captures revenue and profit.
  • Business plan
    A structured document outlining a company's goals, strategy, market, financials, and execution roadmap.
  • Break-even point
    The sales level where total revenue equals total costs, resulting in zero profit or loss.
  • Burn rate
    The pace at which a company uses cash, typically measured monthly for startups.
  • Budget variance
    The difference between planned and actual figures, used to analyze performance.
Finance & budgeting 3 terms
  • Budget
    A financial plan that estimates expected revenue and spending for a given period.
  • Budget variance analysis
    Review of differences between budgeted and actuals to understand drivers and corrective actions.
  • Bottom-up budgeting
    Teams build detailed budgets that are rolled up to form the company plan.
HR tech 1 terms
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