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BUSINESS DICTIONARY
The Letter G
Term | Definition | Knowledge Area | YouTube Video |
|---|---|---|---|
GAAP (Generally Accepted Accounting Principles) | Standard accounting rules in the U.S. | Accounting | |
Gantt Chart | Visual project schedule or timeline | Project Management | |
Gap Analysis | Identifying the difference between current and desired performance | Strategy or Operations | |
Gap Year | Time off between career or education phases | HR or Recruitment | |
Gatekeeper | Person controlling access to a decision-maker | Sales or Procurement | |
Gender Diversity | Inclusion of all genders in the workplace | HR or Inclusion | |
General Counsel | Chief legal advisor of an organization | Legal or Leadership | |
General Expenses | Business operating costs not tied to specific functions | Accounting | |
General Ledger | Record of all financial transactions | Accounting | |
General Manager (GM) | Executive responsible for daily operations | Management | |
General Partnership | Business jointly owned by two or more partners | Legal or Business Structure | |
Geographic Segmentation | Dividing market based on location | Marketing | |
Gift Tax | Tax on transfer of wealth without compensation | Finance or Tax | |
Global Business Services (GBS) | Integrated support across business functions | Operations or Shared Services | |
Global Marketing | Coordinated marketing strategy across countries | International Business | |
Global Supply Chain | Worldwide system of producing and distributing goods | Logistics or Operations | |
Globalization | Integration of markets and economies worldwide | Economics or Strategy | |
Go-to-Market Strategy | Plan to deliver product to market and generate revenue | Sales or Marketing | |
Goal Setting | Defining objectives to guide business activities | Management | |
Going Concern | Assumption a business will continue operating | Accounting | |
Going Public | Offering shares of a private company to the public (IPO) | Finance | |
Goodwill | Intangible asset from reputation or brand value | Finance or Valuation | |
Google Ads | Online advertising platform by Google | Digital Marketing | |
Governance | System of rules and practices to direct a company | Corporate Governance | |
Governance Risk & Compliance (GRC) | Integrated approach to aligning IT with business objectives | Compliance or Strategy | |
Government Contracting | Selling products/services to government agencies | B2G | |
Government Regulations | Legal rules businesses must follow | Compliance or Legal | |
Grant | Non-repayable funds for business or research | Finance or Funding | |
Green Bonds | Bonds issued for environmentally responsible projects | Sustainable Finance | |
Green Economy | Economy focused on reducing environmental risks | Sustainability or Economics | |
Green Marketing | Promotion of environmentally friendly products | Sustainability or Marketing | |
Green Supply Chain | Environmentally friendly supply chain practices | Logistics or Sustainability | |
Greenwashing | Misleading claims about environmental practices | Ethics or Marketing | |
Grievance Procedure | Process for handling employee complaints | HR | |
Gross Domestic Product (GDP) | Total economic output of a country | Economics | |
Gross Margin | Gross profit as a percentage of revenue | Finance | |
Gross Profit Margin | Profit percentage after direct costs | Finance or Accounting | |
Gross Revenue | Total revenue before expenses | Finance | |
Gross Sales | Total unadjusted sales before deductions | Finance or Sales | |
Gross Working Capital | Total current assets of a business | Finance | |
Group Insurance | Health or life insurance for a group of employees | HR or Benefits | |
Groupthink | Poor decisions from group pressure and conformity | Management or Psychology | |
Growth Equity | Investment in mature companies for expansion | Finance or Investment | |
Growth Hacking | Rapid experimentation to grow a business quickly | Startups or Marketing | |
Growth Rate | Percentage increase in business metrics over time | Finance or Economics | |
Growth Strategy | Plan for increasing market share, revenue, or customers | Strategy | |
Guaranteed Payment | Fixed payment to a partner regardless of profit | Legal or Partnerships | |
Guerrilla Marketing | Low-cost, creative marketing tactics | Marketing |
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