The contracting or subcontracting of non-core activities to free up cash, personnel, time, and facilities for activities in which a company holds a competitive advantage.

The process of planning, controlling, monitoring and reviewing a project.

   Involves conducting an analysis of all supplies and goods required to perform activitieswithin all process that may exist in a company.

      Strengths, weaknesses, opportunities and threats.

1 Rival among existing competitors, threat of new entrants, bargaining power of suppliers, bargaining power of buyers, and the threat of substitute products and services.

Independent tasks that share a similar resource and is coordinated through policies and procedures.

A system management concept employed by some organizations to optimize the factors of material costs, quality and service.

People who deal with and address the objectively real resistance of change recipients.

HOMOGENEOUS MANAGEMENT

A group would be relatively the same age, same gender, share similar education and their decision making styles.

HETEROGENEOUS MANAGEMENT

A group that is diverse in age, gender, knowledge base and decision making styles.

SUSTAINABILITY

  The ability to maintain a process or object at a desirable level of utility.

MAZLOW’s

PYRAMID OF HIERARCHY OF NEEDS

 Physiological, Security, Belonging, Esteem, Self – actualization.

COMPETITION

A contest between individuals, groups, animals, etc. for territory, a niche, or a location of resources.

STRATEGIC PLANNING

Management directed process that is intended to determine a desired future state for a business entity and to define overall strategies for accomplishing the desired state.

TYPES OF COORDINATION

Pooled coupling, sequential coupling, and reciprocal coupling.

COLLABORATION

Working together to achieve a goal.

BUSINESS CONTINUITY PLAN

A plan that can be put into action if a situation arises where normal process flow is affected due to some issue with a particular activity.