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Prohibitive - So high or burdensome as to discourage purchase or use - too high to be affordable 3. Win-win situation - guaranteeing a favorable outcome for everyone involved 4. Put a premium on their time – Have great value or regard 5. Trading has been suspended - To stop for a period of time; to interrupt
How A.G. Lafley is Revolutionizing P&G 1. Insular culture - not open to change or new ideas 2. Reorganization - an extensive alteration of the structure of a corporation or government 3. Inordinate - Exceeding reasonable limits, excessive 4. Slogan - A phrase expressing the aims or nature of an enterprise, organization, or candidate; a motto. 5. Ergo - Consequently; therefore.
Good Riddance to the Imperial CEO 1. C-Suite – term used to describe the officers with the titles CEO, CFO, Chief Information Officer, etc. – top officers of the company 2. In touch 24/7 – 24/7 refers to 24 hours a day, 7 days a week. It means the executive can be reached any time, any day – usually through email, Blackberry, and other methods of instant communication. 3. Input – the data fed into a computer. The meaning now is “information given to an executive to help him or her make a decision or understand a problem.” 4. High-profile – a position attracting much attention and publicity 5. Raising his profile – Take some actions to become better known or recognized by the public 6. Constructive feedback – information given to a person to help them improve their performance.
7. Human capital – The people who work in an organization. This term is used to signify that the workers are as important to an organization as other forms of capital – money, credit, machinery, etc.
Governing China’s Boards – John Thornton interview 1. blazing new trails – going into new territory which has no marked paths, choosing to blaze new paths, to pioneer and innovate, to do different things in different ways. 2. business elite - A group or class of persons or a member of such a group or class, enjoying superior intellectual, social, or economic status. 3. rubber stamp - automatically authorizing something; a person or body that gives official approval to decisions taken elsewhere but has no real power 4. key player - the most important people or things involved in a particular organization, event, or situation Enron 1. Disastrous – terrible, extremely bad 2. boost – cause to increase 3. rebound – recover, return to a better situation 4. collapse – fall sharply, fail 5. portfolio – a group of investments (such as stocks and bonds) 6. lead to – result in 7. in the red – losing money 8. on the verge of – close to
Arthur Andersen 1. scandal – a shocking event that causes people to be surprised or upset 2. interfere – disrupt or get involved in someone else’s matters 3. accused – charged with doing something 4. role – a position, including a set of responsibilities 5. cover up – hide the truth about something bad 6. conflict of interest – a situation in which a person holds more than one job, and one of the jobs may influence the other.
Sarbanes-Oxley 1. Corporate governance - system or framework of policies, customs and processes by which companies are directed, administered and controlled. 2. transparency - companies willingly provide information to shareholders and the public about the operation and financial results of their operations 3. Independent directors – outside directors, People who are not employees of the company 4. Audit - . an inspection of the accounting procedures and records of an organization performed by an accounting firm. 5. best practices - an idea that says that there is a technique, method, process, activity, incentive or reward that is more effective at delivering a particular outcome than any other technique, method, process, etc. The idea is that with proper processes, checks, and testing, a desired outcome can be delivered with fewer problems and unforeseen complications.
IBM’s New Boss
1. Roll up your sleeves – to prepare for hard work 2. Cushy - Making few demands; comfortable; easy 3. Spectrum - a broad range of related objects or activities 4. Hands-on – practical experience; not theoretical. It means the person is actively participating. 5. executive perks - payment or benefit received in addition to a regular salary,