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Leadership
Leadership is the
process of directing the behavior of others toward the accomplishment of some
common objective.
Lean Production
Lean Production
or
Lean
Manufacturing
–
the
philosophy of continually reducing waste in all areas and in all forms; an
English phrase coined to summarize
Japanese manufacturing techniques
(specifically, the Toyota Production System).
License
A
permission granted by a competent authority to engage in a business, occupation
or activity that is otherwise unlawful
Licensee
A
person or an organization receiving a license
Licensing
Agreement
A
legal contract in which the licensor grants the the licensee rights to use
specific property, in return for which royalties will be paid.
Licensor
A
person or an organization giving or "granting" a license
Market
Capitalization
The
value of a company's stock.
Market
Evaluation
The
use of market information to determine the sales potential of a specific product
or process.
Market Value Added (MVA)
The difference between the market value of the
company and the total capital invested in the company.
Matchmaker
Company
A
company that specializes in brokering publicly traded shell companies, which
have a valid securities registration but little or no business activity, for
acquisition by privately-held companies in reverse mergers.
Mezzanine
Financing
A
layer of money, either debt or equity, after the initial investment, during the
early growth stages, to finance operations until the firm is ready to go to
market for its long-run financing.
Mockup
In manufacturing and
design, a mockup, or mock-up, is a scale or full-size model of a design or
device, used for teaching, demonstration, design evaluation, promotion, and
other purposes. A mockup is called a
prototype if
it provides at least part of the functionality of a system and enables testing
of a design.
Net
Income
The
amount remaining from earnings and profits after all expenses and costs have
been met or deducted. Also known as Net earnings.
Net
Profit
Money
earned after production and overhead expenses have been deducted.
Net
Worth
The
difference between a company's total assets and its total liabilities.
Objective
An
objective is a specific step, a
milestone, which enables you to
accomplish a goal.
Network
A
chain of interconnected individuals or organizations sharing information and/or
services.
Ordinary
Shares
Proprietor's
capital, normally carry voting rights. They also carry the greatest risk and
potentially the greatest reward, for twp reasons. The first is that they are
rewarded in the form of dividends after all other costs have been met. The
second is that they are entitled to any surplus that remains after all claims to
capital have been met is the company wound up. Certain classes of ordinary
shares may carry deferred or preferred rights in certain respects.
Overhead
Expenses,
such as employee benefits and building utilities, incurred by a business that
are unrelated to the actual product or service sold.
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