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Vocabulary for IELTS Academic (Band 6-7) - Management

Here, you will learn some English words related to Management that are necessary for the Academic IELTS exam.

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Vocabulary for Academic IELTS (6-7)
assurance
assurance
[noun]

a British term for some kinds of insurance

Ex: Daniel took out life assurance after buying his first house. 
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assignment

a task or piece of work given to someone as part of their job

Ex: Emma completed her assignment ahead of schedule. 
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collaboration

the act or process of working with others to create or achieve something

Ex: The project was completed through close collaboration between the two universities. 
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committee
committee
[noun]

a group of people appointed or elected to perform a specific function, task, or duty

Ex: The committee convened to discuss the budget allocations for the upcoming fiscal year. 
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compliance

the act or practice of obeying a rule, law, request, or requirement

Ex: The company conducts regular audits to ensure compliance with safety regulations. 
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consultancy

the practice of giving professional advice within a particular field

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efficiency

the ability to act or function with minimum effort, time, and resources

Ex: Home renovations took less time with the contractor's efficiency in planning and order of tasks. 
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line management

the hierarchy of positions and responsibilities in an organization responsible for the direct supervision and control of employees, typically involving the execution of day-to-day tasks and achieving operational goals

Ex: Line management oversees the daily operations of the production floor in a manufacturing plant. 
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evaluation

a judgment on the quantity and quality of something after careful consideration

Ex: The evaluation of the project's success will be based on the achievement of key performance indicators. 
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execution
execution
[noun]

the act or process of carrying out a plan, task, order, or other action

Ex: The idea was promising, but its execution was poor. 
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expertise
expertise
[noun]

a high level of specialized knowledge or skill in a particular subject or activity

Ex: Emma has considerable expertise in digital marketing. 
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Ltd
Ltd
[noun]

a written abbreviation of limited used after a company name to indicate that its owners have limited liability

Ex: Sarah works for Harrison Consulting Ltd. 
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framework
framework
[noun]

a structure or model guiding organization or development, often with rules or principles

Ex: The legal framework outlines the rules and regulations governing business operations. 
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instruction

guidance on how to carry out a task or operate something

Ex: Following the cooking instructions precisely is key to achieving the perfect dish. 
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mentor
mentor
[noun]

a reliable and experienced person who helps those with less experience

Ex: The aspiring artist found a mentor who provided valuable feedback and encouragement to help him develop his artistic skills. 
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performance

the action or process of carrying out or accomplishing a task, duty, or function, often measured against predetermined standards, goals, or expectations

Ex: The athlete's performance in the race earned them a gold medal. 
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policy
policy
[noun]

a set of ideas or a plan of action that has been chosen officially by a group of people, an organization, a political party, etc.

Ex: The government introduced a new fiscal policy to stimulate economic growth. 
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recruitment

the process of finding and attracting people to join a company, organization, military force, or other group

Ex: The company has increased recruitment to fill several new positions. 
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discipline

the practice of using methods such as punishment, training, or guidance to enforce rules and improve behavior

Ex: Effective discipline in the classroom helps maintain order and promotes a conducive learning environment. 
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protocol
protocol
[noun]

the formal rules of etiquette and procedure observed at official occasions

Ex: Diplomatic protocol requires ambassadors to follow certain formal procedures. 
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balance sheet

a written statement that shows the assets and liabilities of a company at a specific point in time

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