Glossary
Business management glossary
Plain-language definitions for strategy, finance, and operations terms.
Glossary
Business management
7 terms
HR tech
4 terms
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Tools for setting goals, running reviews, calibrating ratings, and linking performance to rewards. A performance management system creates a structured feedback cycle that aligns individual contribution with business objectives.
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Software-driven calculation and disbursement of wages, taxes, and deductions with minimal manual intervention. Payroll automation reduces errors, ensures timely payments, and simplifies compliance with tax and labor regulations across jurisdictions.
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Data analysis of workforce metrics to improve hiring, retention, productivity, and equity. People analytics turns HR data into actionable insights, helping leaders identify trends like flight risk, pay gaps, and the effectiveness of development programs.
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Short, recurring survey to monitor employee sentiment and engagement trends. Unlike annual engagement surveys, pulse surveys provide frequent data points that allow leaders to spot and address issues quickly.
P
3 terms
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The process of sourcing, negotiating, and purchasing goods or services for the business. Strategic procurement goes beyond cost reduction to evaluate supplier reliability, quality, risk, and alignment with sustainability goals.
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A short document that authorizes a project, defining objectives, scope, stakeholders, and authority. The charter serves as the project's founding agreement, giving the team a clear mandate and decision-making boundaries.
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Pan-European Public Procurement On-Line; a network and set of standards for cross-border e-invoicing and e-procurement. PEPPOL enables businesses to exchange electronic documents with public-sector buyers across Europe through certified access points.
