Business/employment/career based topic vocabulary:
1. Entrepreneurship: The process of starting and managing a new business, often involving innovation and risk-taking.
2. Corporate culture: The shared values, beliefs, and practices that characterize an organization’s work environment.
3. Market saturation: A situation where a product has become so widespread that it’s difficult to grow sales further.
4. Competitive advantage: A unique edge a business has over its competitors, such as lower costs or exclusive products.
5. Profit margins: The difference between revenue and costs; a measure of how profitable a company is.
6. Stakeholders: Individuals or groups that have an interest in a company's success, such as employees, investors, and customers.
7. Supply chain: The entire process of producing and delivering a product, from suppliers to customers.
8. Brand loyalty: A consumer’s preference for a particular brand, often leading to repeat purchases.
9. Scalability: The ability of a business to grow and handle increased demand without compromising performance.
10. Diversification: Expanding a business’s range of products or markets to reduce risk and increase stability.
11. Job satisfaction: The level of contentment employees feel about their work, often linked to productivity and retention.
12. Work-life balance: The mean between personal life and work demands, crucial for employee well-being.
13. Career progression: The advancement or promotion within one’s career, often associated with skill development and increased responsibility.
14. Freelancing: Working independently on a contract basis rather than being employed full-time by a single organization.
15. Redundancy: A situation where an employee is no longer needed, often due to business restructuring or downsizing.
16. Upskilling: The process of learning new skills or improving existing ones to stay competitive in the workforce.
17. Glass ceiling: An unofficial barrier that prevents certain groups, like women or minorities, from advancing in their careers.
18. Remote work: Working from a location outside the traditional office setting, often facilitated by digital technology.
19. Employee turnover: The rate at which employees leave a company and are replaced, a metric of workforce stability.
20. Customer retention: The ability of a company to keep its customers over time, a key indicator of brand loyalty.
21. Lean management: A business methodology focused on minimizing waste and maximizing efficiency.
22. E-commerce: Buying and selling goods or services over the internet, a growing sector in global business.
23. Business ethics: The principles and standards that guide behavior in the business world, focusing on fairness, integrity, and responsibility.
24. Career trajectory: The path a person’s career takes over time, often involving promotions and skill development.
25. Mentorship: A professional relationship where a more experienced person provides guidance to a less experienced one.
26. Professional development: Activities that enhance an employee’s skills and knowledge, essential for career growth.
27. Soft skills: Non-technical skills, such as communication and teamwork, that are crucial in the workplace.
28. Cross-functional: Involving collaboration across different departments, enhancing efficiency and skill variety.
29. Occupational hazard: Risks or dangers associated with a particular type of job or industry.
30. Onboarding: The process of integrating a new employee into an organization, covering training and adaptation.
31. Job security: The probability of retaining one’s job, often influenced by industry stability and individual performance.
32. Compensation package: The total earnings and benefits an employee receives, including salary, bonuses, and perks.
33. Burnout: Extreme mental or physical exhaustion from prolonged stress or overwork, increasingly common in high-stress jobs.
34. Labor force: The total number of people available for work, including both employed and unemployed individuals.
