Blog page 344

Golden hello

In accounting and contractual law, golden hello is a term used for several different arrangements: 1. a payment made to induce an employee to take up employment from a specific employer in form of a welcome package or a payment from a rival emplo ...

Golden parachute

A golden parachute is an agreement between a company and an employee specifying that the employee will receive certain significant benefits if employment is terminated. These may include severance pay, cash bonuses, stock options, or other benefi ...

Golden umbrella

A golden umbrella is a clause in an entrepreneurs contract with their company, typically the CEO or COO, that guarantees a certain payout for the risk they bear in starting the company. The down-side of a golden umbrella is that angel investors t ...

Good standing

A person or organization in good standing is regarded as having complied with all their explicit obligations, while not being subject to any form of sanction, suspension or disciplinary censure. A business entity that is in good standing has unab ...

Granularity

Granularity, the condition of existing in granules or grains, refers to the extent to which a material or system is composed of distinguishable pieces. It can either refer to the extent to which a larger entity is subdivided, or the extent to whi ...

Greed and fear

Greed and fear refer to two opposing emotional states theorized as factors causing the unpredictability and volatility of the stock market, and irrational market behavior inconsistent with the efficient-market hypothesis. Greed and fear relate to ...

Green Monday

Green Monday is an online retail industry term similar to Cyber Monday. The term was coined by eBay in 2007 to describe the best sales day in December, usually the second Monday of December. Green Monday is defined more specifically by business r ...

Gross-up clause

A gross-up clause is a provision in a contract which provides that all payments must be made in the full amount, free of any deductions without exercising any right of set-off. The provision will usually indicate that if there is a mandatory with ...

Growth capital

Growth capital is a type of private equity investment, usually a minority investment, in relatively mature companies that are looking for capital to expand or restructure operations, enter new markets or finance a significant acquisition without ...

Guaranteed investment contract

A guaranteed investment contract is a contract that guarantees repayment of principal and a fixed or floating interest rate for a predetermined period of time. Guaranteed investment contracts are typically issued by life insurance companies quali ...

Harvey balls

Harvey balls are round ideograms used for visual communication of qualitative information. They are commonly used in comparison tables to indicate the degree to which a particular item meets a particular criterion. For example, in a comparison of ...

Henry Hub

The Henry Hub is a distribution hub on the natural gas pipeline system in Erath, Louisiana, owned by Sabine Pipe Line LLC, a subsidiary of EnLink Midstream Partners LP who purchased the asset from Chevron Corporation in 2014. Due to its importanc ...

Hold-up problem

In economics, the hold-up problem is central to the theory of incomplete contracts, and shows the difficulty in writing complete contracts. A hold-up problem arises when two factors are present: Parties to a future transaction must make noncontra ...

Honorarium

An honorarium is an ex gratia payment, i.e., a payment made, without the giver recognizing themself as having any liability or legal obligation, to a person for his or her services in a volunteer capacity for services for which fees are not tradi ...

Horizontal integration

Horizontal integration is the process of a company increasing production of goods or services at the same part of the supply chain. A company may do this via internal expansion, acquisition or merger. The process can lead to monopoly if a company ...

Implementation maturity model assessment

The implementation maturity model is an instrument to help an organization in assessing and determining the degree of maturity of its implementation processes. This model consists of two important components, namely the: Implementation maturity m ...

Incentive system

In organisational psychology, economics and business an incentive system denotes a structure motivating individuals as part of an organization to act in the interest of the organization. A fundamental requirement of creating a working incentive s ...

Independent business

An independent business is a business that is free from outside control. It usually means a privately owned establishment, as opposed to a public limited company, the latter of which is owned by investment shares traded in the stock market. In ma ...

Index (economics)

In economics and finance, an index is a statistical measure of change in a representative group of individual data points. These data may be derived from any number of sources, including company performance, prices, productivity, and employment. ...

Indirect procurement

Indirect procurement is the sourcing of all goods and services for a business to enable it to maintain and develop its operations. The goods and services classified under the umbrella of indirect procurement are commonly bought for consumption by ...

Induction programme

An induction programme is the process used within many businesses to welcome new employees to the company and prepare them for their new role.It helps in the integration of employees into the organization. Induction training should, according to ...

Industrial market segmentation

Industrial market segmentation is a scheme for categorizing industrial and business customers to guide strategic and tactical decision-making. Government agencies and industry associations use standardized segmentation schemes for statistical sur ...

Infopreneur

An infopreneur is an entrepreneur who identifies opportunities for creating enterprising information-based businesses by identifying knowledge deficiency situations and selling target-based information products and services, mainly through the in ...

Information market

Although information has been bought and sold since ancient times, the idea of an information marketplace is relatively recent. The nature of such markets is still evolving, which complicates development of sustainable business models. However, c ...

Intelligent customer

Intelligent customer function or intelligent client is an in-house capability within a host organisation which has responsibility for the ownership, management and delivery of a defined service or range of services on behalf of part or all of the ...

Interlocking directorate

Interlocking directorate refers to the practice of members of a corporate board of directors serving on the boards of multiple corporations. A person that sits on multiple boards is known as a multiple director. Two firms have a direct interlock ...

Intermediate product

An intermediate product is a product that might require further processing before it is saleable to the ultimate consumer. This further processing might be done by the producer or by another processor. Thus, an intermediate product might be a fin ...

Internal entrepreneur

An internal entrepreneur is known as an intrapreneur makes part of intrapreneurship and is defined as "a person within a large corporation who takes direct responsibility for turning an idea into a profitable finished product through assertive ri ...

Inverse floating rate note

An inverse floating rate note, or simply an inverse floater, is a type of bond or other type of debt instrument used in finance whose coupon rate has an inverse relationship to short-term interest rates. With an inverse floater, as interest rates ...

Invoice

See also Voucher: an invoice is within the European union primarily legally defined by the EU VAT directive as an accounting voucher to verify tax and VAT reporting and secondly as a Civil law common law document. An invoice, bill or tab is a com ...

January barometer

The January barometer is the hypothesis that stock market performance in January predicts its performance for the rest of the year. So if the stock market rises in January, it is likely to continue to rise by the end of December. The January baro ...

Job hunting

Job hunting, job seeking, or job searching is the act of looking for employment, due to unemployment, underemployment, discontent with a current position, or a desire for a better position. As of 2010, less than 10% of U.S. jobs are filled throug ...

Jobber (merchandising)

Jobber, in merchandising, can be synonymous with "wholesaler", "distributor", "broker" or "middleman." A business which buys goods and bulk products from importers, other wholesalers, or manufacturers, and then sells to retailers, was historicall ...

Kanban

Kanban is a scheduling system for lean manufacturing and just-in-time manufacturing. Taiichi Ohno, an industrial engineer at Toyota, developed kanban to improve manufacturing efficiency. Kanban is one method to achieve JIT. The system takes its n ...

Knowledge broker

A knowledge broker is an intermediary, that aims to develop relationships and networks with, among, and between producers and users of knowledge by providing linkages, knowledge sources, and in some cases knowledge itself, to organizations in its ...

Knowledge economy

The knowledge economy is the use of knowledge to create goods and services. In particular, it refers to a high portion of skilled workers in the economy of a locality, country, or the world, and the idea that most jobs require specialized skills. ...

Knowledge ecosystem

The idea of a knowledge ecosystem is an approach to knowledge management which claims to foster the dynamic evolution of knowledge interactions between entities to improve decision-making and innovation through improved evolutionary networks of c ...

Knowledge management

Knowledge management is the process of creating, sharing, using and managing the knowledge and information of an organization. It refers to a multidisciplinary approach to achieving organisational objectives by making the best use of knowledge. A ...

Knowledge policy

Knowledge policies provide institutional foundations for creating, managing, and using organizational knowledge as well as social foundations for balancing global competitiveness with social order and cultural values. Knowledge policies can be vi ...

Knowledge spillover

Knowledge spillover is an exchange of ideas among individuals. In knowledge management economics, knowledge spillovers are non-rival knowledge market costs incurred by a party not agreeing to assume the costs that has a spillover effect of stimul ...

Knowledge worker

Knowledge workers are workers whose main capital is knowledge. Examples include programmers, physicians, pharmacists, architects, engineers, scientists, design thinkers, public accountants, lawyers, and academics, and any other white-collar worke ...

Language localisation

Language localisation is the process of adapting a products translation to a specific country or region. It is the second phase of a larger process of product translation and cultural adaptation to account for differences in distinct markets, a p ...

Learning economy

A learning economy is a society that values skills like assets, where learning and employment information is readily exchanged from institution to institution, and controlled by the learner and worker.

Legal case management

The terms legal case management or matter management refer to a subset of law practice management and cover a range of approaches and technologies used by law firms and courts to leverage knowledge and methodologies for managing the life cycle of ...

Lemonade stand

A lemonade stand is a business that is commonly owned and operated by a child or children, to sell lemonade. The concept has become iconic of youthful summertime Americana to the degree that parodies and variations on the concept exist across med ...

Leverage (negotiation)

In negotiation, leverage is the power that one side of a negotiation has to influence the other side to move closer to their negotiating position. A partys leverage is based on its ability to award benefits or impose costs on the other side. Anot ...

Leveraged recapitalization

Such recapitalizations are executed via issuing bonds to raise money and using the proceeds to buy the companys stock or to pay dividends. Such a maneuver is called a leveraged buyout when initiated by an outside party, or a leveraged recapitaliz ...

Line management

Line management refers to the management of employees who are directly involved in the production or delivery of products, goods and/or services. As the interface between an organisation and its front-line workforce, line management represents th ...

Line of business

Line of business is a general term which refers to a product or a set of related products that serve a particular customer transaction or business need. In some industry sectors, like insurance, "line of business" also has a regulatory and accoun ...

Linear scheduling method

LSM is used mainly in the construction industry to schedule resources in repetitive activities commonly found in highway, pipeline, high-rise building and rail construction projects. These projects are called repetitive or linear projects. The ma ...