Business Chapter 20 Flashcards
1
Q
Brexit
A
The informal term relating to the UK leaving the EU (‘British exit’)
2
Q
Insolvency
A
The state of being unable to pay the money owed, by person or company, on time
3
Q
Management consulting
A
The practice of helping organisations to improve their performance
4
Q
Management of change
A
The process of organizing and introducing new methods of working within a business
5
Q
Organisational change
A
A process in which a large company or organisation changes its working methods or aims, for example in order to develop and deal with new situations or markets
6
Q
Transformative leadership
A
Where new leadership, such a a new CEO, brings about change with the purpose of improving business performance
