Vijay Shankar Sharma
Textbook finance, M&A, governance, strategy, and organisation terms. Not UNITE and not Layer 4. 147 terms. Textbook meanings only.
5 terms. Page 1 of 1.
governance · intro
A legal obligation requiring a person in a position of trust, such as a company director, to act in the best interests of another party, typically the company and its shareholders, rather than their own personal interests. It generally encompasses a duty of care, requiring informed and diligent decision-making, and a duty of loyalty, requiring the avoidance of self-dealing and conflicts of interest.
strategy · intro
The competitive benefit a company can gain by being the first to enter a new market or introduce a new product category, potentially including brand recognition, customer loyalty, and control over scarce resources or distribution channels, before competitors arrive. It is not guaranteed, and later entrants sometimes outperform first movers by learning from and improving on the original's mistakes.
organizational · intermediate
An organisational structure with few or no intermediate layers of management between senior leadership and front-line employees, associated with a wide span of control. It is often associated with faster decision-making and more direct communication, though it can also limit clear career progression paths and place heavy coordination demands on remaining managers.
risk · intermediate
A contractual clause that relieves parties from performing their obligations, or delays their performance, when extraordinary events beyond their reasonable control, such as natural disasters, war, or government action, prevent them from doing so.
finance · intro
Also called: FCF
The cash a company generates from its operations after accounting for the capital expenditure needed to maintain or grow its asset base, representing the cash actually available to be returned to lenders and shareholders or reinvested in the business. It is often considered a cleaner measure of financial health than reported net income, since it is harder to distort through accounting choices.