Glossary

Business management glossary

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

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Glossary

Business management

10 terms
Finance & budgeting 1 terms
  • Scenario budgeting
    Planning multiple budget versions based on different assumptions to stay agile.
HR tech 2 terms
  • Succession planning
    Process and tooling to identify and prepare successors for critical roles.
  • Scheduling system
    Software to create, publish, and adjust staff schedules while managing availability and coverage.
S 7 terms
  • Strategic objective
    A measurable long-term goal that aligns teams around the company's direction.
  • Scenario planning
    Evaluating multiple possible futures to prepare decisions and contingency plans.
  • SII (Spain)
    Spain’s Immediate Supply of Information system for near-real-time VAT ledger reporting to AEAT; not clearance, but requires sending issued/received invoice data within days and runs alongside TicketBAI in the Basque region and FACe for B2G invoices.
  • Span of control
    The number of direct reports a manager oversees, affecting communication and efficiency.
  • Standard operating procedure (SOP)
    A documented, repeatable set of steps to execute a process consistently.
  • Service level agreement (SLA)
    A contract that defines expected service standards such as response or resolution times.
  • Supply chain management
    Coordinating the flow of materials, information, and finances from suppliers to customers.
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