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List of abbreviations for market segments

RPO – Recruitment process outsourcing DIY – Do It yourself market FSS – Financial services sector H&LS – Health and life sciences ICT – Information & communication technology HoReCa – Hotel, restaurant, cafe ECS - Engineering and Construction ...

                                               

Academy company

Academy company is a term used for an organization that is well known as a place to start a professional career and provides leaders to other companies. Often academy companies hire the majority of their staff from recent college and university g ...

                                               

Acquisition initiation (ISPL)

Acquisition Initiation is the initial process within the Information Services Procurement Library and is executed by a customer organization intending to procure Information Services. The process is composed of two main activities: the making of ...

                                               

Adaptability

Adaptability is a feature of a system or of a process. This word has been put to use as a specialised term in different disciplines and in business operations. Word definitions of adaptability as a specialised term differ little from dictionary d ...

                                               

Additional funds needed

Additional funds needed is a financial concept used when a business looks to expand its operations. Since a business that seeks to increase its sales level will require more assets to meet that goal, some provision must be made to accommodate the ...

                                               

Adversarial purchasing

An adversarial relationship in purchasing and supply arises when identical or equivalent good or services are available from competing suppliers and buyers/sellers are trying to gain an advantage over each other. Low levels of trust are character ...

                                               

Affinity diagram

The affinity diagram is a business tool used to organize ideas and data. It is one of the Seven Management and Planning Tools. People have been grouping data into groups based on natural relationships for thousands of years; however, the term aff ...

                                               

Agile manufacturing

Agile manufacturing is a term applied to an organization that has created the processes, tools, and training to enable it to respond quickly to customer needs and market changes while still controlling costs and quality. Its mostly related to lea ...

                                               

Amalgamated (organization name)

In the business world, amalgamated refers to an organization that has undergone amalgamation. Amalgamated organizations may use "amalgamated" in their name to signify that it is the amalgamation of its component companies or trade unions. Amalgam ...

                                               

Analyst relations

Analyst relations is a corporate strategy, corporate communications and marketing activity in which corporations communicate with ICT industry analysts who work for independent research and consulting firms such as the leading four. Analyst advic ...

                                               

Archives management

Archives management is the area of management concerned with the maintenance and use of archives. It is concerned with acquisition, care, arrangement, description and retrieval of records once they have been transferred from an organisation to th ...

                                               

Asset stripping

Asset stripping is a term used to refer to the practice of selling off a companys assets in order to improve returns for equity investors. In many cases where the term is used, a financial investor, referred to as a corporate raider, takes contro ...

                                               

Associate attorney

Summer associates are current law students who have usually completed their second year of school or in some cases, their first year of law school and are interning at the firm for the summer. Summer associates have not passed the bar exam and ar ...

                                               

Asymmetric price transmission

Asymmetric price transmission refers to pricing phenomenon occurring when downstream prices react in a different manner to upstream price changes, depending on the characteristics of upstream prices or changes in those prices. The simplest exampl ...

                                               

Attach rate

The attach rate is a concept used broadly in business, especially in marketing, to represent the number of units of a secondary product/service sold as a direct or implied consequence of the sale of a primary product/service. It is often expresse ...

                                               

Authorized service provider

An authorized service provider is a person or company that has been cleared to work on a product that is still under warranty by another company without voiding the warranty. In order to become an ASP, they would have had to complete a certificat ...

                                               

Automated business process

Many computer systems are available in the commercial marketplace that address the various aspects of Business Process Management. Most address one specific set of functionality; for instance, some allow the processes to be mapped and documented ...

                                               

Available-to-promise

Available-to-promise is a business function that provides a response to customer order inquiries, based on resource availability. It generates available quantities of the requested product, and delivery due dates. Therefore, ATP supports order pr ...

                                               

Averch–Johnson effect

The Averch–Johnson effect is the tendency of regulated companies to engage in excessive amounts of capital accumulation in order to expand the volume of their profits. If companies profits to capital ratio is regulated at a certain percentage the ...

                                               

Back office

A back office in most corporations is where work that supports front office work is done. The front office is the "face" of the company and is all the resources of the company that are used to make sales and interact with customers and clients. T ...

                                               

Backsourcing

Backsourcing is the process of bringing previously outsourced jobs back under the roof of the company to be performed internally. Backsourcing has been increasingly discussed as companies decide to cease outsourcing operations, whether because of ...

                                               

Barter

In trade, barter is a system of exchange where participants in a transaction directly exchange goods or services for other goods or services without using a medium of exchange, such as money. Economists distinguish barter from gift economies in m ...

                                               

Best alternative to a negotiated agreement

In negotiation theory, the best alternative to a negotiated agreement or BATNA refers to the most advantageous alternative course of action a party can take if negotiations fail and an agreement cannot be reached. The exact opposite of this optio ...

                                               

Bestshoring

Bestshoring, also known as rightshoring, is the process of identifying the best location to move manufacturing, IT or business processes for a company. The decision is to be based on quantifiable criteria which are intended to take subjective and ...

                                               

Bidder conferences

A bidder conference is a meeting held by a buyer to discuss a possible purchase with multiple potential suppliers. The bidder conference allows sellers to make inquiries to gather information to use to prepare a bid. It also helps ensure that all ...

                                               

Big business

Big business involves large-scale corporate-controlled financial or business activities. As a term, it describes activities that run from "huge transactions" to the more general "doing big things". The concept first rose in a symbolic sense after ...

                                               

Bill of IT

Bill of IT is an exhaustive list of information technology assets and services owned by a company. The bill displays a breakdown of all the IT assets and services in relation to various items. The bill is often used by companies as a chargeback a ...

                                               

Boston matrix

                                               

Bottleneck (production)

In production and project management, a bottleneck is one process in a chain of processes, such that its limited capacity reduces the capacity of the whole chain. The result of having a bottleneck are stalls in production, supply overstock, press ...

                                               

Boutique manufacturing

Boutique manufacturing is a method used for the custom production of certain products in limited quantities by hand or with a restricted level of automation. Products produced this way often include ceramics, furniture, amplifiers, yachts, boats, ...

                                               

Brainsworking

Brainsworking refers to a strategy in business development, based on the capacity to transfer knowledge from wide and diverse fields of experience, connect them and create entirely new and innovative results with the goal to foster sustainable bu ...

                                               

Brick and mortar

Brick and mortar refers to a physical presence of an organization or business in a building or other structure. The term brick-and-mortar business is often used to refer to a company that possesses or leases retail shops, factory production facil ...

                                               

Budtender

A budtender is a title of a staff member who works within a dispensary or store where medical or recreational cannabis is sold. Their job is to offer suggestions to customers, answer questions, handle products and showcase products being sold.

                                               

Build to order

Build to Order) is a production approach where products are not built until a confirmed order for products is received. Thus, the end consumer determines the time and number of produced products. The ordered product is customized, meeting the des ...

                                               

Build to stock

Build to stock, or make to stock, often abbreviated as BTS or MTS, is a build-ahead production approach in which production plans may be based upon sales forecasts and/or historical demand. BTS is a usually associated with the industrial revoluti ...

                                               

Business acquisition

Business acquisition is the process of acquiring a company to build on strengths or weaknesses of the acquiring company. A merger is similar to an acquisition but refers more strictly to combining all of the interests of both companies into a str ...

                                               

Business alliance

A business alliance is an agreement between businesses, usually motivated by cost reduction and improved service for the customer. Alliances are often bounded by a single agreement with equitable risk and opportunity share for all parties involve ...

                                               

Business architecture

In the business sector, business architecture is a discipline that "represents holistic, multidimensional business views of: capabilities, end‐to‐end value delivery, information, and organizational structure; and the relationships among these bus ...

                                               

Business broker

Business brokers, also called business transfer agents, or intermediaries, assist buyers and sellers of privately held businesses in the buying and selling process. They typically estimate the value of the business; advertise it for sale with or ...

                                               

Business ecosystem

Starting in the early 1990s, James F. Moore originated the strategic planning concept of a business ecosystem, now widely adopted in the high tech community. The basic definition comes from Moores book, The Death of Competition: Leadership and St ...

                                               

Business engineering

Business engineering is the development and implementation of business solutions, from business model to business processes and organizational structure to information systems and information technology. Business engineering focuses on developing ...

                                               

Business hours

Business hours are the hours during the day in which business is commonly conducted. Typical business hours vary widely by country. By observing common informal standards for business hours, workers may communicate with each other more easily and ...

                                               

Business information

Business information is one of the three main segments of the information industry. The other two segments are scientific, technical and medical and educational and training content. While most of the content industry revenues are advertising-dri ...

                                               

Business-IT alignment

Business-IT alignment is a process in which a business organization uses information technology to achieve business objectives - typically improved financial performance or marketplace competitiveness. Some definitions focus more on outcomes than ...

                                               

Business metadata

Business metadata is data that adds business context to other data. It provides information authored by business people and/or used by business people. It is in contrast to technical metadata, which is data used in the storage and structure of th ...

                                               

Business necessity

A business necessity is a legitimate business purpose that justifies an employment decision as effective and needed to optimally achieve the organizations goals and ensure that operations run safely and efficiently. This is often presented as a d ...

                                               

Business network

A business network is a complex network of companies, working together to accomplish certain objectives. These objectives, which are strategic and operational, are adopted by business networks based on their role in the market. There are two cate ...

                                               

Business networking

Networking is a socioeconomic business activity by which businesspeople and entrepreneurs meet to form business relationships and to recognize, create, or act upon business opportunities, share information and seek potential partners for ventures ...

                                               

Business operating system (management)

The term business operating system refers to standard, enterprise-wide collection of business processes used in many diversified industrial companies. The definition has also been extended to include the common structure, principles and practices ...

                                               

Business park

A business park or office park is an area of land in which many office buildings are grouped together. The first office park opened in Mountain Brook, Alabama, in the early 1950s to avoid racial tension in city centers. Business parks are often d ...

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Pino - logical board game which is based on tactics and strategy. In general this is a remix of chess, checkers and corners. The game develops imagination, concentration, teaches how to solve tasks, plan their own actions and of course to think logically. It does not matter how much pieces you have, the main thing is how they are placement!

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