Blog page 346

Shared services center

A shared services center – a center for shared services in an organization – is the entity responsible for the execution and the handling of specific operational tasks, such as accounting, human resources, payroll, IT, legal, compliance, purchasi ...

Shareholder

A shareholder is an individual or institution that legally owns one or more shares of stock in a public or private corporation. Shareholders may be referred to as members of a corporation. By law, a person is not a shareholder in a corporation un ...

Shareholder value

Shareholder value is a business term, sometimes phrased as shareholder value maximization or as the shareholder value model, which implies that the ultimate measure of a companys success is the extent to which it enriches shareholders. It became ...

Shiftability theory

In banking, shiftability is an approach to keep banks liquid by supporting the shifting of assets. When a bank is short of ready money, it is able to sell or repo its assets to a more liquid bank.

Short shipment

A short shipment is when cargo is listed on a shipping list but not included in a shipment, or not received by the recipient. Notably, when the quantity received is less than the quantity listed. Conversely, an overshipment is when the quantity r ...

Short-termism

Short-termism is giving priority to immediate profit, quickly executed projects and short-term results, over long term results and far-seeing action. Short-termism is attributed to certain cognitive biases.

Shotgun clause

A shotgun clause is a term of art, rather than a legal term. It is a specific type of exit provision that may be included in a shareholders agreement, and may often be referred to as a buy-sell agreement. The shotgun clause allows a shareholder t ...

Single-window system

The Single-window system is a trade facilitation idea. In simple words, it allows a user to get sufficient information from one source. As such, the implementation of a single window system enables international traders to submit regulatory docum ...

SIPOC

In process improvement, a SIPOC is a tool that summarizes the inputs and outputs of one or more processes in table form. It is used to define a business process from beginning to end before work begins. The acronym SIPOC stands for s uppliers, i ...

Six Sigma

Not to be confused with 5S methodology Six Sigma is a set of techniques and tools for process improvement. It was introduced by American engineer Bill Smith while working at Motorola in 1986. Jack Welch made it central to his business strategy at ...

Skin in the game (phrase)

To have skin in the game is to have incurred risk by being involved in achieving a goal. In the phrase, "skin" is a synecdoche for the person involved, and "game" is the metaphor for actions on the field of play under discussion. The aphorism is ...

Social consumerism

Social Consumerism occurs when the consumers needs are met, the business achieves profitability and a social issue is positively affected. This is very different than traditional business models where only the first two objectives are achieved. T ...

Social selling

Social selling is the process of developing relationships as part of the sales process. Today this often takes place via social networks such as LinkedIn, Twitter, Facebook, and Pinterest, but can take place either online or offline. Examples of ...

Speed thinking

Speed thinking is a type of thinking technique proposed by authors such as Dr Ken Hudson, Malcolm Gladwell and Edward de Bono that, according to the authors, could accelerate the pace of thinking and improve how an individual or group thinks, cre ...

Spend analysis

Spend Analysis or Spend Analytics is the process of collecting, cleansing, classifying and analyzing expenditure data with the purpose of decreasing procurement costs, improving efficiency, and monitoring controls and compliance. It can also be l ...

Split billing

Split billing is the division of a bill for service into two or more parts. Bills may be split to divide work between clients, payers for reimbursement to different service providers for performing a shared service.

Sprinkler strategy

The sprinkler strategy is a market entry strategy based on the principle of diversification in which a company attempts to enter as many markets as possible in a relatively short time. A successful implementation of the sprinkler strategy require ...

Staff management

Staff management is the management of subordinates in an organization. Often, large organizations have many of these functions performed by a specialist department, such as personnel or human resources, but all line managers are still required to ...

Strategic alliance

A strategic alliance is an agreement between two or more parties to pursue a set of agreed upon objectives needed while remaining independent organizations. A strategic alliance will usually fall short of a legal partnership entity, agency, or co ...

Strategic early warning system

The aim of a strategic early warning system is to assist organizations in dealing with discontinuities or strategic surprises. By detecting weak signals, which can be perceived as important discontinuities in an organizational environment, SEWS a ...

Strategic financial management

Strategic financial management is the study of finance with a long term view considering the strategic goals of the enterprise. Financial management is nowadays increasingly referred to as "Strategic Financial Management" so as to give it an incr ...

Strategic management

In the field of management, strategic management involves the formulation and implementation of the major goals and initiatives taken by an organizations top managers on behalf of owners, based on consideration of resources and an assessment of t ...

Strategic partnership

A strategic partnership is a relationship between two commercial enterprises, usually formalized by one or more business contracts. A strategic partnership will usually fall short of a legal partnership entity, agency, or corporate affiliate rela ...

Strategic risk

Strategic risk is the risk that failed business decisions, or lack thereof, may pose to a company. Strategic risk is often a major factor in determining a companys worth, particularly observable if the company experiences a sharp decline in a sho ...

Strategic sourcing

Strategic sourcing is an institutional procurement process that continuously improves and re-evaluates the purchasing activities of a company. In the services industry, strategic sourcing refers to a service solution, sometimes called a strategic ...

Straw man proposal

A straw-man proposal is a brainstormed simple draft proposal intended to generate discussion of its disadvantages and to provoke the generation of new and better proposals. The term is considered American business jargon, but it is also encounter ...

Street date

In business, a street date is the date a particular product is to be released for sale to the general public. Typically, retailers receive shipments of stock prior to its street date release, so that the product can be placed on display shelves f ...

Structured sale

A structured sale or structured installment sale, is a special type of installment sale pursuant to the Internal Revenue Code. In an installment sale, the seller defers recognition of gain on the sale of a business or real estate to the tax year ...

Subsidiary

A subsidiary, subsidiary company or daughter company is a company that is owned or controlled by another company, which is called the parent company, parent, or holding company. The subsidiary can be a company, corporation, or limited liability c ...

Super Bowl indicator

The Super Bowl Indicator is a superstition that says that the stock markets performance in a given year can be predicted based on the outcome of the Super Bowl of that year. It was "discovered" by Leonard Koppett in the 70s when he realized that ...

Supplier association

A supplier association is a business term which refers to a customer company bringing together a group of its suppliers on a formal and regular basis in order to achieve strategic and operational alignment.

Supplier convergence

Supplier convergence is a business model in which a company offers a combination of services or products that were previously supplied by separate companies. It is not to be confused with product convergence, where one product combines and replac ...

Supplier diversity

A Supplier Diversity program is a proactive business program which encourages the use of minority-owned, women owned, veteran owned, LGBT-owned, service disabled veteran owned, historically underutilized business, and Small Business Administratio ...

Supplier evaluation

Supplier evaluation and supplier appraisal are terms used in business and refer to the process of evaluating and approving potential suppliers by quantitative assessment. The aim of the process is to ensure a portfolio of best-in-class suppliers ...

Supply chain responsiveness matrix

A supply chain responsiveness matrix is a tool that is used to analyze inventory and lead time within an organization. The matrix is one of a number of Value Stream Mapping tools The matrix is represented by showing lead time along the X- Axis an ...

Table stakes

In poker and other gambling games, table stakes is a rule that a player may bet no more money than they had on the table at the beginning of that hand; they cannot go back to their pocket for more money once a hand is dealt. This limits the amoun ...

Tacit relocation

Tacit Relocation in Scots Law is a principle whereby leases of land or buildings are renewed on the same conditions as previously existed if no notice of termination is given within the requisite period, subject to a minimum period of one year, a ...

Test and learn

Test and Learn is a set of practices followed by retailers, banks and other consumer-focused companies to test ideas in a small number of locations or customers to predict impact. The process is often designed to answer three questions about any ...

Third-party administrator

A third-party administrator is an organization that processes insurance claims or certain aspects of employee benefit plans for a separate entity. It is also a term used to define organizations within the insurance industry which administer other ...

First-party source

In commerce, a third-party source means a supplier who is not directly controlled by either the seller nor the customer/buyer in a business transaction. The third party is considered independent from the other two, even if hired by them, because ...

Throughput (business)

Throughput is rate at which a product is moved through a production process and is consumed by the end-user, usually measured in the form of sales or use statistics. The goal of most organizations is to minimize the investment in inputs as well a ...

Throughput accounting

Throughput accounting is a principle-based and simplified management accounting approach that provides managers with decision support information for enterprise profitability improvement. TA is relatively new in management accounting. It is an ap ...

Time and materials

Time and materials is a standard phrase in a contract for construction, product development or any other piece of work in which the employer agrees to pay the contractor based upon the time spent by the contractors employees and subcontractors em ...

Time to market

In commerce, time to market is the length of time it takes from a product being conceived until its being available for sale. TTM is important in industries where products are outmoded quickly. A common assumption is that TTM matters most for fir ...

Tonnage tax

A tonnage tax is a taxation mechanism that can be applied to shipping companies. The tax is determined by the Net tonnage of the entire fleet of vessels under operation or use by a company. It is on the basis of this variable that taxation is app ...

Total addressable market

Total addressable market, also called total available market, is a term that is typically used to reference the revenue opportunity available for a product or service. TAM helps to prioritize business opportunities by serving as a quick metric of ...

Total productive maintenance

Total Productive Maintenance is a system of maintaining and improving the integrity of production, safety and quality systems through the machines, equipment, processes, and employees that add business value to an organization. TPM focuses on kee ...

Total quality management

Total quality management consists of organization-wide efforts to "install and make permanent climate where employees continuously improve their ability to provide on demand products and services that customers will find of particular value." "To ...

Trade finance

Trade finance signifies financing for trade, and it concerns both domestic and international trade transactions. A trade transaction requires a seller of goods and services as well as a buyer. Various intermediaries such as banks and financial in ...

Trading account assets

Trading account assets refer to a separate account managed by banks that buy U.S. government securities and other securities for their own trading account for resale at a profit to other banks and to the public, rather than for investment in the ...