CIO Definitions

This glossary explains the meaning of key words and phrases that information technology (IT) and business professionals use when discussing CIO strategy and related software products. You can find additional definitions by visiting WhatIs.com or using the search box below.

  • S

    spend management

    In an enterprise, spend management is managing how to spend money to best effect in order to build products and services.

  • spoliation

    Spoliation is the destruction, alteration, or mutilation of evidence that may pertain to legal action. (Continued)

  • stakeholder

    A stakeholder is a person or group who has an interest -- vested or otherwise -- in an enterprise and whose support is required in order for an enterprise to be successful.

  • startup accelerator

    A startup accelerator, sometimes referred to as a seed accelerator, is a business program that supports early-stage, growth-driven companies through education, mentorship and financing.

  • startup company

    A startup company is a newly formed business with particular momentum behind it based on perceived demand for its product or service.

  • startup culture

    Startup culture refers to how people within a new business, or startup, work together.

  • steering committee

    A steering committee is a group of high-level advisors who have been appointed to provide an organization or project with direction.

  • strategic innovation

    Strategic innovation is a company's process of reinventing its corporate strategy to encourage growth, create value for the company and its customers, and gain competitive differentiation.

  • strategic leadership

    Strategic leadership is a practice in which executives, using different styles of management, develop a vision for their organization that enables it to adapt to or remain competitive in a changing economic and technological climate.

  • strategic management

    Strategic management is the continuous planning, monitoring, analysis and assessment of all that is necessary for an organization to meet its goals and objectives.

  • strategic planning

    Strategic planning is the process executives undertake in order to make thoughtful decisions about their organization’s mission, values and goals, and properly allocate resources to fulfill those directives.

  • sunk cost (SC)

    A sunk cost is money that has already been spent and cannot be recovered. Logic dictates that because sunk costs will not change -- no matter what actions are taken -- they should not play a role in decision-making. Emotionally, however, the more someone invests time, effort and money on something, the harder it becomes to leave it and move on.

  • Superdome

    Superdome is a high-end 64-bit, Hewlett-Packard (HP) PA-8600 processor-based UNIX server designed for e-commerce customers using very large databases.

  • sustainability risk management (SRM)

    Sustainability risk management (SRM) is a business strategy that aligns profit goals with a company's environmental policies.

  • SWIFT (Society for the Worldwide Interbank Financial Telecommunication)

    Founded in Brussels in 1973, the Society for the Worldwide Interbank Financial Telecommunication (SWIFT) is a co-operative organization dedicated to the promotion and development of standardized global interactivity for financial transactions.

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