Overview
An outsourcing arrangement where a service provider assumes responsibility for the ongoing management, operation, and optimisation of defined business or technology functions.
More in Business & Strategy
Venture Building
Innovation & VenturesThe systematic creation of new businesses from scratch within a corporate or studio environment, providing capital, talent, infrastructure, and strategic guidance from inception.
AI Centre of Excellence
AI StrategyA cross-functional team within an organisation that defines AI strategy, develops best practices, builds shared capabilities, and accelerates AI adoption across business units.
Total Addressable Market
Growth & RevenueThe total revenue opportunity available for a product or service if 100% market share were achieved.
Competitive Advantage
Corporate StrategyA condition or circumstance that puts a company in a superior business position relative to competitors.
Strategic Foresight
Corporate StrategyA systematic approach to thinking about the future to inform present-day decisions and strategy.
Switching Cost
Corporate StrategyThe costs a consumer incurs when switching from one product, service, or supplier to another.
Corporate Venture Capital
Innovation & VenturesInvestment of corporate funds directly into external startup companies to gain strategic benefits such as access to innovation, market intelligence, and potential acquisitions.
Due Diligence
Corporate StrategyA comprehensive appraisal of a business or investment undertaken to establish its assets, liabilities, and commercial potential.