L - Definitions

  • L

    labor arbitrage

    Labor arbitrage is the practice of making use of the least costly labor for producing products or goods.

  • labor automation

    Labor automation refers to the use of technology to perform specific tasks or jobs traditionally done by humans. As artificial intelligence and machine learning become integral to labor automation, experts believe entire jobs, not just specific tasks, will be automated.

  • LBO (leveraged buyout)

    An LBO or leveraged buyout is the purchase of a company or single asset using a large amount of borrowed money, supplemented with some equity from the acquirer.

  • leadership

    Leadership is the ability of an individual or a group of individuals to influence and guide followers or other members of an organization.

  • leadership skills

    Leadership skills are the strengths and abilities individuals demonstrate that help the oversee processes, guide initiatives and steer their employees toward the achievement of goals.

  • leadership traits

    Leadership traits are the personal qualities that shape effective leaders.

  • lean management

    Lean management is an approach to running an organization that supports the concept of continuous improvement, a long-term approach to work that systematically seeks to achieve small, incremental changes in processes in order to improve efficiency and quality.

  • lean Six Sigma

    Lean Six Sigma combines Toyota's lean manufacturing methodologies with Motorola's Six Sigma strategies for improving process.

  • lean startup

    Lean startup is an approach to business development that is based on the principles of lean production, a manufacturing methodology that values a business' ability to change quickly.

  • Learning Guide: ROI

    Discover more about return on investment, including how to calculate ROI, in this learning guide.

  • learning management system (LMS)

    A learning management system (LMS) is a software application or Web-based technology used to plan, implement, and assess a specific learning process.

  • Learning Path: E-Business

    E-BUSINESS... e-commerce - e-business - B2B - enterprise - entrepreneur - e-tailing - e-procurement - B2G - m-commerce - e-brokerage - clicks and mortar - value chain - first mover - return on investment (ROI) - initial public offering (IPO)- public key infrastructure (PKI) E-PAYMENT... eCash - electronic funds transfer - eCheck - wallet - micropayment - electronic bill presentment and payment(EBPP) - Electronic Signatures in Global and National Commerce Act - authentication, authorization, and accounting (AAA) E-BUSINESS MANAGEMENT... business intelligence (BI) - data warehouse - data mining - Electronic Data Interchange (EDI) - online analytical processing (OLAP) - enterprise resource planning (ERP) - enterprise relationship management (ERM) - enterprise resource management - enterprise risk management - customer relationship management (CRM) ADVERTISING AND SALES...brand and branding - advertising terminology on the Internet - sales automation software - permission marketing - opt-in e-mail - e-mail rage - syndication - Information and Content Exchange (ICE) - digital rights management - personalization - spyware - adware WEB SITE HOSTING... hosting - Web site hosting - virtual hosting - non-virtual hosting - shared hosting - dedicated server - colocation - reseller hosting - e-commerce hosting - BUSINESS-RELATED XML... BizTalk - ebXML - Small Business Extensible Markup Language (SMBXML) - OASIS APPLICATION SERVICE PROVIDERS... application service provider (ASP) - outsourcing - business service provider - management service provider - storage service provider - ASPIC View other topics for self-study by visiting our Guideto the Learning Paths.

  • LOB (line-of-business)

    An LOB (line-of-business) application is one of the set of critical computer applications that are vital to running an enterprise, such as accounting, supply chain management, and resource planning applications.

  • localization

    Localization (sometimes shortened to "L10n") is the process of adapting a product or service to a particular language, culture and desired local "look-and-feel." The process of first enabling a product to be localized and then localizing it for different national audiences is sometimes known as product globalization.

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