Glossary

Business management glossary

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

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Glossary

Business management

6 terms

Finance & budgeting 1 terms

Operating budget

Planned revenue and operating expenses for day-to-day business over a period.

HR tech 1 terms

Onboarding workflow

Automated steps to activate new hires, accounts, equipment, and training on day one.

O 4 terms

OKR

Objectives and Key Results; a framework to set ambitious goals and track measurable outcomes.
Operational efficiency

How effectively a company turns inputs into outputs with minimal waste.
Operating expense (OpEx)

Day-to-day costs of running a business, such as salaries, rent, and software.
Organizational structure

How roles, responsibilities, and reporting lines are arranged in a company.