Leadership and planning Definitions

  • D

    digital leadership

    Digital leaders work in much the same way as a chief financial officer (CFO), a director of human resources or a chief operations officer (COO) works; they need to assure interested parties that the assets for which they are responsible maintain maximum value.

  • digital strategy (digital media strategy)

    A digital strategy is a blueprint for managing customer-facing information technology (IT) initiatives. It requires marketing and IT to work together closely.

  • digital transformation (DX)

    Digital transformation (DX) is the reworking of the products, processes and strategies within an organization by leveraging current technologies.

  • disruptive innovation

    Disruptive innovation is the introduction of a product or service into an established industry that performs better and, generally, at a lower cost than existing offerings, thereby displacing the market leaders in that particular market space and transforming the industry.

  • E

    extended enterprise

    Extended enterprise is the concept that a company does not operate in isolation because its success is dependent upon a network of partner relationships.

  • G

    great recession (Great Recession)

    Great recession is a label used by journalists and  economists to describe a severe, prolonged economic downturn.

  • H

    hackathon

    A hackathon, also known as a codefest, is a social coding event that brings computer programmers and other interested people together to improve upon or build a new software program.

  • I

    ideation management

    Ideation management refers to creating, gathering, analyzing, disseminating and executing on idea generation within the enterprise.

  • incremental innovation

    Incremental innovation is the introduction of small improvements or upgrades to already existing products, services, processes or methods.

  • innovation culture

    Innovation culture is an environment that organizations cultivate in order to nurture new, creative thinking and its application.

  • innovation manager

    An innovation manager fosters the development of new products, services and processes. Innovation managers are skilled in unleashing individual and collective creativity and in implementing structures that help shepherd an innovation from idea stage to fruition.

  • innovation process management (IPM)

    Innovation process management (IPM) a systematic approach to nurturing the creative capabilities of employees and creating a workplace environment that encourages new ideas for workflows, methodologies, services or products.

  • intrapreneur (intrapreneurship)

    Intrapreneurs are employees who use entrepreneurial skills and critical thinking to seek out initiatives that could benefit the organization financially.

  • IT blueprint

    An IT blueprint, like an architectural blueprint, is a planning tool or document an information technology organization establishes in order to guide its priorities, projects, budgets, staffing and other IT strategy-related initiatives.

  • IT business transformation

    IT business transformation is a thorough or dramatic change in the business processes and technologies a company employs to reach important business goals.

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