Renaissance for LEADERS

Peak Performance Resources for Leaders by Leaders

glossary Page 1 of 2

Precept

1. A rule or principle imposing a particular standard of action or conduct. 2. A general or proverbial rule; a maxim.

Principle

1. A basic truth or law as the basis of reasoning or action. 2. A personal code of conduct or good behavior: a man of principle. 3. Moral or ethical judgments collectively. A decision based on principle rather than expediency.

Private Equity

An asset class consisting of equity securities and debt, which is invested in an operating company that is not publicly traded on a stock exchange. A private equity investment is typically made by a firm that specializes in private equity, venture capitalist or an angel investor. Each investor category has different goals, preferences and investment strategies; however, all provide working capital to nurture expansion, new product development, or restructuring of the company’s operations, management, or ownership.

Problem

1. A situation regarded as unwelcome, harmful and needing to be overcome. 2. A perceived gap between the existing state and the desired state. 3. A question or matter involving doubt, uncertainty or difficulty.

Process

1. A system of operations or actions in the production of something. 2. A series of actions, changes or functions that bring about an outcome. 3. Series of movement; progression.

Produce

1. To create; yield. 2. To cause to happen or come into being.

Production

1. The making or creation of something. 2. The goods or services produced by a company. 3. The measure of the output of a process.

Productivity

1. The state of producing. 2. The state of creating desirable or useful results.

Professional

1. Of, relating to, engaged in, or suitable for a profession: lawyers, doctors, and other professional people. 2. Conforming to the standards of a profession: professional behavior. 3. Engaging in a given activity as a source of livelihood or as a career: a professional writer. 4. Performed by persons receiving pay: professional consultant. 5. Having or showing great skill; expert: a professional repair job. 6. A person following a profession, especially a learned profession. 7. One who earns a living in a given or implied occupation: hired a professional to build the house. 8. A skilled practitioner; an expert.

Profit

1. The excess of income over expenditure during a particular period of time. 2. Income from an investment or transaction. 3. Money made or to be made from business activity. 4. An advantage or benefit derived from an activity.

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