Enterprise Architechure Management

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Business Administration

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282 Terms

1

Business Administration

A multi- and interdisciplinary science and body of knowledge focused on organizing, setting up, and administering businesses to achieve the highest possible output with the least possible input.

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2

Equilibrium with Stakeholders

Maintaining a balance between the goals of the business, the resources needed, the personal goals of employees, and the interests of owners.

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3

Agile Methodology

An iterative approach to project management and software development that helps teams deliver value to their customers faster and with fewer headaches.

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4

Capability

An ability that an organization, person, or system possesses. Typically expressed in general and high-level terms.

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5

Operations Function

Activities that mobilize the organization's resources to create finished goods/services.

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6

Human Resource Function

Management of activities involved in driving employees within a business organization to achieve their maximum potential.

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7

Marketing Function

Responsible for marketing goods/services, including assessing market needs and developing strategies to satisfy those needs profitably.

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8

Financial Function

Acquisition, utilization, and control of money needed to finance the business's activities, aiming to maximize profits without endangering liquidity or solvency.

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9

Purchasing and Supply Function

Acquiring all products and materials required for the business to function profitably.

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10

Management

Directs a business toward its goals, ensuring that operations are balanced and resources are efficiently utilized to achieve these goals.

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11

Strategy

The use of engagements for the object of war, being different by choosing a unique mix of activities to deliver value, and a pattern in a stream of decisions.

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12

Corporate Strategy

A pattern of decisions in a company that determines and reveals its objectives, purposes, goals, principal policies, and plans for achieving those goals.

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13

Willingness to Pay (WTP)

The highest price a customer is willing to pay for a product or service, influenced by the product's value, including sustainability, social status, and market influence.

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14

Value-Based Business Strategy

A strategy focused on raising the willingness to pay and lowering the willingness to sell by creating value for customers and suppliers.

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15

Synergy Effect

The concept that in a cooperative arrangement, individuals can accomplish more together than individually.

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16

Transformation

The process of converting inputs (human resources, natural resources, capital) into outputs (goods, services) through management.

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17

Adaptation to Environmental Change

Modifying the organization to fit new regulations or changing conditions, sometimes even attempting to change the environment itself through actions like lobbyism.

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18

Mission and Goals

Defining the purpose and objectives of the business, including long-term positioning and the resources needed to reach these objectives.

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19

Resource Allocation

Distributing human, financial, and physical resources to relevant departments or persons to enable the business to reach its goals.

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20

Motivation of Human Resources

Directing and inspiring employees to align their actions with predetermined goals and plans, significantly affecting the business's culture.

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21

Continuity of the Organization

The assumption that under normal conditions, members strive to keep the organization going, a key consideration in management decisions.

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22

Internal Stakeholder Equilibrium

Keeping the organization in balance with its internal stakeholders, including balancing personal goals of employees with the goals of the business.

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23

Top Management

A small group of executives with ultimate authority and responsibility for the entire business, focusing on long-term planning, broad organizational structure, leadership, and monitoring the business environment.

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24

Middle Management

Managers responsible for specific functional areas, executing top management's policies, plans, and strategies. They focus on medium to long-term planning and organizing within their areas, controlling activities, and monitoring external influences.

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25

Lower Management

Managers responsible for smaller segments of the business, handling day-to-day tasks and short-term planning, supervising detailed organizing tasks, guiding staff, and maintaining close control over activities.

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26

Input

Resources such as human resources, natural resources, and capital required to produce goods and services.

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27

Output

The end products or services generated by the business process, intended for customers.

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28

Environment

The external factors affecting a business, including customers, regulations, suppliers, economy, competitors, and technology.

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29

Business Continuity

The ongoing effort to ensure that the business operates as intended despite challenges or disruptions.

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30

Long-term Planning

Strategic planning focused on achieving goals over an extended period, typically involving top management decisions.

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31

Organizing

The process of structuring resources and activities to achieve business goals effectively and efficiently.

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32

Leadership

The ability of management to inspire, influence, and guide employees towards achieving the organization's goals.

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33

Monitoring

The continuous assessment of the business environment and internal performance to make informed decisions.

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34

Functional Areas

Specific domains within a business, such as marketing, finance, or human resources, each with its responsibilities and management.

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35

Policies

Guidelines set by management to govern the operation and decision-making within the organization.

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36

Strategies

Plans of action designed to achieve a long-term or overall aim.

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37

Controlling

The process of ensuring that business activities align with plans and standards set by management.

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38

Human Resource Management

The strategic approach to managing employee relations and ensuring the workforce's effectiveness in achieving organizational goals.

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39

Financial Management

The planning, organizing, directing, and controlling of financial activities such as procurement and utilization of funds.

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40

Marketing Management

The process of overseeing and coordinating the marketing activities and strategies to meet consumer needs and achieve business goals.

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41

Organization

An instance of human cooperation with a specific purpose and intention to be permanent.

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42

Business

An organization that produces goods or services with the purpose of selling these on the market.

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43

Non-profit Institution (Non-profit Business)

Attempts to deliver goods or services for general use at the lowest possible cost. Examples include hospitals and city transportation authorities.

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44

For-profit Business (Enterprise)

Attempts to realize a return on their products or services, focusing on profitability and financial success.

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45

IT Management

Acts between IT and its customers (internal and external), focusing on aligning IT services with business needs.

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46

IT Service Management

Views IT services from the customer's perspective, aiming to deliver high-quality services efficiently.

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47

IT Controlling

Involves checking IT management decisions and activities against strategy, using key performance indicators for monitoring.

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48

IT Strategy

A comprehensive plan outlining how an organization uses IT to achieve its goals, aligning IT investments with business priorities.

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49

IT Resource Management

Manages the provision and utilization of IT resources, including applications, infrastructure, and human expertise.

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50

Outsourcing/Offshoring

Strategies for externalizing certain activities or operations to save costs and improve efficiency.

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51

Program Management

Coordinates related projects to obtain benefits not available from managing them individually, aligned with strategic objectives.

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52

Portfolio Management

Involves mastering a high volume of projects or programs within an enterprise, focusing on value creation and strategic fit.

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53

Incident Management

A service management process aimed at restoring normal service operation as quickly as possible following an incident.

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54

Problem Management

Identifies and resolves the root causes of incidents to prevent future occurrences.

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55

Asset Management

Systematic process of developing, operating, maintaining, upgrading, and disposing of assets cost-effectively.

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56

ITIL (IT Infrastructure Library)

A set of best practices for IT service management that focuses on aligning IT services with the needs of business.

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57

Economy of Scale

The cost advantage that arises with increased output of a product, where average costs decrease due to the distribution of fixed costs over more units.

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58

Standardized Processes

Procedures that are uniform and consistent across an organization, allowing for efficiency and predictability in service delivery.

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59

Cloud Infrastructure

The hardware and software components - such as servers, storage, a network, and virtualization software - that are needed to support the computing requirements of a cloud computing model.

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60

Data Center

A facility used to house computer systems and associated components, such as telecommunications and storage systems.

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61

IT Service Provider

An organization that provides IT services to customers, operating either internally within a company or externally.

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62

Compliance Management

Ensures that an organization's operations and processes adhere to laws, regulations, standards, and ethical practices.

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63

IT Budgeting

The process of allocating financial resources to various IT needs, including projects, maintenance, and improvements, to support organizational objectives.

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64

IT Governance

Establishes the framework for decision-making in IT, ensuring alignment with business goals and compliance with regulations.

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65

IT Organization

Structuring of the IT department to efficiently manage IT resources and services.

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66

IT Management Processes

Set of practices and procedures for effectively managing IT operations and services.

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67

Process Maturity and Metrics

Evaluation of processes based on their development stage and performance indicators.

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68

Strategic Alignment

Ensuring IT strategies and business goals are in sync to enhance performance and achieve objectives.

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69

Innovation Management

The process of managing ideas and inventions to improve operations or create new products and services.

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70

Role of the CIO

Chief Information Officer's responsibilities in leading the IT strategy and operations.

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71

Outsourcing

Contracting out certain business functions or processes to external providers.

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72

Application Landscape

Overview of the software applications used by an organization, including their interactions and integration.

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73

Project Portfolio Management

Centralized management of projects to ensure they align with the organization's strategic objectives.

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74

Architecture Management

The planning, governance, and oversight of an organization's software and systems architecture.

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75

Infrastructure Technology

The underlying hardware and software resources that support the overall IT environment.

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76

Standard vs. Individual Software

Comparison between off-the-shelf software solutions and custom-developed applications.

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77

IT HR Management

Managing human resources in IT, including recruiting, training, and development tracks.

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78

Provider Strategy

Approach to selecting and managing external vendors and service providers for IT services.

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79

Offshoring

Moving certain business operations to another country to take advantage of lower costs or other benefits.

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80

IT Culture

The values, beliefs, and behaviors that shape how an organization's IT team operates and interacts.

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81

EAM Benefits

Advantages of employing Enterprise Architecture Management, including organizational alignment, information availability, and resource optimization.

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82

IT-Enabling

Making things possible through IT, implying a proactive role for IT in opening up new business areas and providing further support to the enterprise.

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83

IT Alignment

Aligning IT with the needs of the customer and the organization's strategic needs, aiming for efficiency and effectiveness in IT services.

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84

Risk and Compliance Management

The processes involved in identifying, assessing, and mitigating risks while ensuring compliance with laws, regulations, and policies.

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85

IT Program Management

The coordinated management of multiple projects that are linked to achieve strategic objectives not available from managing them individually.

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86

IT Portfolio Management

The process of supervising and managing the IT software and hardware applications and infrastructure to achieve specific organizational goals.

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87

The continuous process of aligning IT services with business processes and strategies to improve performance and achieve organizational objectives.

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88

Complex Business Ecosystem

An environment consisting of multiple business domains, legal organizations, departments, and stakeholders with diverse interests.

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89

Complex IT Landscapes

IT environments comprising various interconnected systems, often including legacy technology and rapidly evolving new technologies.

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90

IT Architecture Management

The discipline focused on structuring and maintaining IT systems and services to effectively support business processes and strategies.

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91

Business Architecture Management

The practice of designing business processes, structures, and strategies to align with organizational objectives and capabilities.

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92

Model Understanding and Coordination

The process of developing and using models to understand complex systems and coordinate activities within them.

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93

Integration Optimization

The process of combining different systems, processes, or organizations in a way that maximizes efficiency and effectiveness.

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94

Conceptual Implementation

The act of turning concepts, plans, or designs into a working system, process, or product.

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95

Emergence in IT

The spontaneous occurrence of new properties or structures in IT systems that arise from the interactions among system components.

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96

IT Service Management (ITSM)

The activities involved in designing, creating, delivering, supporting, and managing the lifecycle of IT services.

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97

Outsourcing Management

The process of managing relationships and agreements with external service providers to ensure the effective delivery of outsourced services.

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98

Offshoring Management

The practice of relocating certain business processes or functions to another country to capitalize on lower costs or other strategic benefits.

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99

Data Protection Risks

Potential threats to the security and privacy of data within an organization, especially relevant in outsourcing or offshoring arrangements.

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100

Cultural Differences in IT Management

The impact of cultural diversity on managing IT within global organizations, affecting communication, teamwork, and project management.

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