Definition: to count, or to evaluate

Note: Sometimes this is used philosophically (as in, to evaluate one’s life), and sometimes it is used literally (as in, to actually count the number of inventory items sitting on the shelf).

Examples:

On major birthdays, many people take stock of their lives, and ask themselves whether they are headed in the right direction.

Three of our company’s top managers resigned this week. Before we continue the same old strategy, we need to take stock of our business, and decide where we want to go in the future.

About Matt Krause

Matt began his professional life as an import buyer, and since 2006 has been teaching companies how to connect with their investors and clients better. His clients work in Istanbul, Bucharest, and Sofia for companies like Allianz, 3M, P&G, Citibank, and Reckitt Benckiser. He also walked across Turkey and wrote a book about it.