The circumstances of 2 companies agreeing upon a strategy that is not put in writing .

Unspoken, unwritten and hidden store of knowledge held by every human being that is based on experiences, emotions, intuitions, insights and observations.

Pertaining or involving ends, actions or means that are short term or immediate in duration and of lees importance than strategy.

Steps and tactics required to achieve goals defined in the strategic plan.

The systematic and determination of short term or immediate activities needed to achieve strategic planning objectives.

A short term variation in price that is aimed at thwarting the competition or gaining entry into the market.

Means of carrying out a strategy that is planned to deal with a moments demands.

A non-verbal form of communication.

Provision in an investment agreement where the stock holders have the right to liquidate part of their investment when the firm is raising more capital.

In corporate law, the legal right ensuring all share holders can take part in a deal along with the majority shareholder.

Method and industry standard used to store scanned and digital images in gay-scale, full color and black and white.

Method of quality control combining process control and control charts with process and product design in order to get a total design that is robust.

Adaptation of requirements to current needs of operation by deleting, modifying and supplementing without any deviation from the norm. See also deviation.

Written promise where the lender provides long term financing to replace a short term loan or bridge finance. Also known as Takeout agreement opt Takeout loan.

The circumstances where one company resists its acquisition by another company.

The amount that a seller needs to raise for a buyer; or the price that needs to be lowered for the seller so the counter party will accept the offer.

An adjustable time unit used for production that will synchronize production rate with demand rate. German term referring to the beat of music.

1. Natural ability to excel in a duty or action. 2. Group of people with an aptitude for certain tasks.

The pyramid type of organization with a relatively high number of ;levels in the hierarchy. Opposite to a flat organization.

1. Law. Improper or illegal alteration with evidence or documents, meddling with a witness. 2. Quality control. Adjusting a process continually in order to compensate for output variations.