The Enterprise and Economic Development Glossary

a resource of the .network library

business operations

... the process or series of recurring activities consistent with a business plan that make an enterprise function with an aim towards profitability and ROI for stakeholders. Business operations management is the application of a methodology, typically on a day-to-day basis, in order to keep the enterprise up and running. Management means balancing (1) a generation of recurring income, (2) increasing the worth of operations, and (3) securing the income and assets of the business. Some definitions refer to sweating assets which implies working long and hard to a point just before becoming excessive in order to extract as much profit and value from the operation as possible. Also, the term harvesting is sometimes used. For example, It can be said that operations management exists to harvest value from intangible and physical assets and production from within the business.

business processes:

... managed methods or sets of coordinated tasks and activities combining the production capabilities of equipment and people as they work together for specific accomplishments. It should be possible to graphically present any such process as a sequence of activities by some type of flowchart. Business operations may be managed using methods and strategies for systematically improving their processes. Related information in the .network resource archive (023)—begin looking at comments about workplace excellence.

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See business; enterprise operations; About Enterprise Development

define business operations / define business processes / what is a business process

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