innovator n.a person who introduces new methods, ideas, or products
He was one of the great innovators in jazz.
disruptor n.a company that changes the traditional way an industry operates, especially in a more effective way
If customers talk to everybody else they get the status quo. We're the innovator; we're the disruptor.
entrepreneur n.someone who starts their own business, especially when this involves seeing a new opportunity
He was one of the entrepreneurs of the 80s who made their money in property.
entrepreneurship n.skill in starting new businesses, especially when this involves seeing new opportunities
The new business opportunities have encouraged entrepreneurship on a grand scale.
start-up n.a small business that has just been started
Start-ups are very vulnerable in the business world.
founder n.someone who establishes an organization
She is the founder and managing director of the company.
manpower n.the supply of people who are able to work
The industry has suffered from a lack of manpower.
mentor v.advise or train (someone, especially a younger colleague)
He has mentored scores of young doctors.
net worth n.the value of the assets and money that a person or business has after their debts are taken away
He is one of Britain's richest people, with a net worth of about $73.5 billion.
perk n.a special advantage or benefit, in addition to the money you are paid, that you are given because of your job
Free child care for preschool children of employees was a popular perk.
stake n.a share or financial involvement in something such as a business
They had planned to buy a 20 percent stake in the company.
motivate v.provide (someone) with a motive for doing something
He was primarily motivated by the desire for profit.
savvy n.the ability to make good judgments
You just need to get savvy and know where to hunt for the bargains.
contravene v.to do something that a law or rule does not allow, or to break a law or rule
The company knew its actions contravened international law.
scale something up v.to increase the size, amount, or importance of something, usually an organization or process
My company is scaling up its operations in the UK.
wilfully adv.with the intention of causing harm
They had wilfully destroyed any records of their bank deposits.
rapidly adv.very quickly; at a great rate
The business is expanding rapidly.
corporation n.a large company or group of companies that are controlled together as a single organization
I hated working for a large corporation.
multinational n.a company operating in several countries
It is a common issue for national and multinational corporations.
subsidiary n.a company that is owned by a larger company
Offshore banks are often formed as a subsidiary of an international bank.
consultancy n.a company that gives advice on a particular subject
He is leaving the company after 15 years to set up a consultancy.
venture v.a new business activity
The total value of venture investments increased to $2.6 billion in the last year.
global a.relating to the whole world; worldwide
Changes like this will impact on the global economy.
takeover n.a situation in which a company gets control of another company by buying enough of its shares
The bank fought off a takeover by another bank recently.
convert v.to change the character, appearance, or operation of something
We converted our oil furnace to gas to save money.
admittedly adv.used when you are agreeing that something is true, especially unwillingly
She is very clever, admittedly, but do you think she has the right personality for the job?
commercially adv.in a way that is concerned with buying, selling, and making a profit
Does the market research show that the product will succeed commercially?
welfare n.help given, especially by the state or an organization, to people who need it, especially because they do not have enough money
After her month's sick leave, she was summoned to see the company's welfare officer.
donate v.give (money or goods) for a good cause, for example to a charity
A portion of the proceeds will be donated to charity.
forbidden a.not allowed; banned
The sale of alcohol is forbidden here.
bonus n.an extra amount of money that is given to you as a present or reward for good work as well as the money you were expecting
The new contract gives workers less salary, but bonuses for hitting efficiency and sales targets.
strategy n.a detailed plan for achieving success in situations such as business, industry
We're working on new strategies to improve our share of the market.