Comprehensive list of synonyms for to do business and relating to doing business, Recent Entries · Add a Word · About the business activities or the general relationship that you have with another person or organization of its customers, that has value to the company although its worth cannot be measured exactly. Synonyms: evaluate, price, estimate, rate More Synonyms of value. 5. uncountable Having a mid-morning party certainly adds novelty value. 8. countable. A “relationship building” Thesaurus search produces synonyms such as: an integrated communications strategy, to add to the reputation and value of your . Definition Byte: Social PR for Business — Relating the Inside Out.
What are Value Drivers? — Definition — TrackMaven
Activities in this cycle are more or less continuous and overlapping, such as marketingcustomer product support or maintenance, or online community. These have indeterminate outcomes. A small-scale micro engagement cycle, characterized by one-to-one, discrete or transactional relationships.
These have discrete cycles and negotiated outcomes.
BRM principles[ edit ] Measurement and analysis The goals of BRM require that its concepts and principles be identifiable and measurable. Given the model, a person should be able to identify the business relationships that they are engaged in, and measure them in terms like quantity or duration.
The same holds for any aspect of BRM, such as type, role, or principle. Purpose Every business relationship has a purpose that requires the participation of multiple roles to accomplish.
The purpose of a given business relationship is discrete and quantifiable. Reputation and trust The BRM model should attempt to model and quantify reputation and trust. Every relationship, and every interaction within it, contributes to reputation. Reputation mitigates risk and reduces friction within business processes. Concern for reputation incentivizes good behavior.
Absence of trust will cause a business relationship to fail.
Trust increases efficiency and enables conflict resolution. The relationship between trust as a traditional core concept  and in its emerging 'radical' form as a component of online community  must be described. Governance The BRM model needs to account for and align with models of corporate governanceincluding business ethicslegal constraints, and social norms as they apply to business relationships.
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Boundaries The BRM model should define the boundaries of business relationships within the larger continuum of interpersonal relationships. In addition to governance issues, the model should examine if there are optimal levels of personal connection, and whether they differ by type, role, or other attribute.
The model should help define boundaries that optimize effectiveness while supporting good governance practices. His management by objectives was a goal setting and decision-making tool to help managers at all levels create business value.
Business relationship management - Wikipedia
However, he was skeptical that the dynamics of business value could ever be formalized, at least not with current methods. Michael Porter popularized the concept of the value chain. Components of Business Value[ edit ] Shareholder Value[ edit ] For a publicly traded company, shareholder value is the part of its capitalization that is equity as opposed to long-term debt.
In the case of only one type of stockthis would roughly be the number of outstanding shares times current share price. Things like dividends augment shareholder value while issuing of shares stock options lower it. For a privately held company, the value of the firm after debt must be estimated using one of several valuation methods, s.
Customer Value[ edit ] Customer value is the value received by the end-customer of a product or service. Customer value is conceived variously as utilityqualitybenefits, and customer satisfaction. Customer Value Management started by Ray Kordupleski in s and discussed in his book: Employee knowledge[ edit ] This is often an undervalued asset in companies and also the area where there is the most discord in reporting.
Employees are the most valuable asset companies possess and the one we expect the most from, but often the one that receives the short end of the stick when it comes to values applied to them.
Channel Partner Value[ edit ] The value a business underpins on partner relationships in the business. Partner value here stresses that it can be critical to a firms functioning. It ceases to exist or carry out business activities if partner value is diminished or lost.