Benchmarking Benchmarking is a process of measuring the performance of a company's products, services, or processes against those of another business considered to be the best in the industry. Balanced Scorecard a management system that provides feedba
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- 2. differentiating business objectives that connect a portfolio to the strategy of the Enterprise.
- 3. Leader a leader. knows what kind of organization he or she wants to create, thinks in the. long-term and sets ambitious and inspiring goals.
- 8. It is a rapid response or immediate reassessment of. strategy in the light of sudden and unexpected events.
- 9. Structure is a business structure where employees form small, multidisciplinary teams that work independently to achieve common goals.
- 10. to be simple looking and provide a quick overview of the organization's or department's overall health.
- 12. a quantifiable measure businesses use to track, monitor and assess the success or failure of various business processes.
- 13. Sigma a set of management tools and techniques designed to improve the capability of the business process by reducing the likelihood of error.
- 14. Chain a step-by-step business model for transforming a product or service from idea to reality.
- 15. is the partial or full disposal of a business unit through sale, exchange, closure, or bankruptcy.
- 17. Success an element that is necessary for an organization or project to achieve its mission.
- 18. Capital a set of practices related to people resource management.
- 19. Model a story or picture of how an effort or initiative is supposed to work.
- 20. budget is a long-term spending plan that helps an organization manage its expenses.
- 22. a technique that uses historical data as inputs to make informed estimates that are predictive in determining the direction of future trends.
- 23. when you divide your organization's overall strategy throughout your different departments.
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- 1. Industry an industry that has passed the introduction stage, growth stage, and shake out stage, but has not yet reached the declining stage.
- 3. a key event or action in a project or your business journey that marks a significant stage of progress.
- 4. those needed for an organisation to meet the necessary requirements to compete in a given market and achieve parity with competitors in that market.
- 5. Scorecard a management system that provides feedback on both internal business processes and external outcomes to continuously improve strategic performance and results.
- 6. Strategey competitive strategy to direct marketing and sales efforts to a specific market segment.
- 7. a nation bypasses traditional stages of development to either jump directly to the latest technologies
- 11. Plan a business plan describes a current business or a specific new project.
- 16. a comprehensive plan that an organization sets out for achieving its strategic goals or long-term visions for improvement.
- 20. Benchmarking is a process of measuring the performance of a company's products, services, or processes against those of another business considered to be the best in the industry.
- 21. Down to focus in on something.
