P - Definitions

  • P

    paternalistic leadership

    Paternalistic leadership is a managerial approach that involves a dominant authority figure who acts as a patriarch or matriarch and treats employees and partners as though they members of a large, extended family. Employees are listened to, but the leader makes the final decision.

  • PICK chart (Possible, Implement, Challenge and Kill chart)

    A PICK chart (Possible, Implement, Challenge and Kill chart) is a visual tool for organizing ideas. The purpose of a PICK chart is to identify which ideas can be implemented easily and have a high payoff.

  • pilot program (pilot study)

    A pilot program, also called a feasibility study or experimental trial, is a small-scale experiment that helps an organization learn how a large-scale project might work in practice.

  • platform business model

    A platform business model is a plan for creating revenue by allowing registered members to create content that can be consumed by a specific user group or general audience.

  • PMO (project management office)

    A project management office (PMO) is a group or department within a business, agency or enterprise that defines and maintains standards for project management within the organization.

  • portal software

    Portal software is a type of development tool used to create a portal (starting point) on a company's intranet so that employees can find a centralized starting place for access to consolidated enterprise-related functions, such as e-mail, customer relationship management (CRM) tools, company information, workgroup systems, and other applications.

  • Porter's Five Forces

    Porter's Five Forces is a framework developed by economist Michael E. Porter to determine the profitability and therefore attractiveness of a market or market segment.

  • power user

    A power user, also called a super user, is someone whose computer skills are better than those of an organization's average end user. 

  • PPM (project and portfolio management)

    PPM (project and portfolio management) is a methodology used to prioritize IT projects based on cost, benefits and use of resources to achieve business goals.

  • prescriptive analytics

    Prescriptive analytics is a type of business analytics that focuses on finding the best course of action for a given situation, and belongs to a portfolio of analytic capabilities that include descriptive and predictive analytics.

  • pretexting

    Pretexting is a form of social engineering in which one individual lies to obtain privileged data about another individual in order to engage in identity theft or corporate espionage. A pretext is a false motive.

  • process innovation

    Process innovation refers to a change in an existing operation or product that creates significant value for an organization.

  • process-centric BPM

    Process-centric business process management is a holistic approach to BPM that centers on processes themselves, rather than individual  components such as  documents, workflow or people.  

  • product development (new product development, or NPD)

    Product development, or new product development (NPD), is the process of bringing new or updated products or services to a target market through a systematic approach to idea creation, design, marketing and commercialization.

  • programmable economy

    The programmable economy is a term created by research firm Gartner Inc. in 2014 to describe the revolutionary changes happening in the global economy due to technology innovations.

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