-
Organization Chart (Org chart)
A graphical
representation (e.g., diagram) that displays
the relationships or reporting hierarchy among
the people, departments, or functions of an
administrative and functional structure.
-
Organizational (Corporate) Culture
The shared
assumptions, beliefs, and values of an entity
or business communicated by its leaders that
determine the decisions, actions, and
behavior of its employees.
-
Organizing
The process of defining and
coordinating human, physical, and financial
resources to achieve results.
-
Original Equipment Manufacturer (OEM)
The
company that produces parts, materials, or
equipment, or the authorized reseller of such
parts, materials, or equipment.
-
OSHA
-
Outcome
The result of a process.
-
Output
A measurable quantity that results from
the effort or input of a person, business,
machine, or system.
-
Outsourcing
Action that occurs when an entity
makes an informed decision to contract out a
product, service, or business process that was
previously provided by internal (in-house)
resources. The responsibility for providing the
outsourced product, service, or business
process remains with the entity; the entity
pays the contractor for the work done and
administers the contract. See also: Insourcing
(in-house), Contracting Out.
-
Outsourcing of Non-Core Activity
The contracting
of non-core functions or operations with
external contractors, businesses, or suppliers.
-
Overhead Cost
The recurring costs of running a
business, excluding the costs directly
associated with the creation of a product or
service.
