Definitions for Core Business
core busi·ness

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1. Core business

   The core business of an organization is an idealized construct intended to express that organization's "main" or "essential" activity. Core business process means that a business's success depends not only on how well each department performs its work, but also on how well the company manages to coordinate departmental activities to conduct the core business process, which is; 1. The market-sensing process Meaning all activities in gathering marketing intelligence and acting on the information. 2. The new-offering realization process Covering all activities in research, development and launching new quality offerings quickly and within budget. 3. The customer acquisition process all the activities defining the target market and prospecting for new customers 4. The customer relationship management process all the activities covering building deeper understanding, relationships and offerings to individual customers. 5. The fulfillment management process all the activities in receiving and approving orders, shipping out on time and collecting payment. In business, a core item is defined as an item that is immediately responsible for the revenues and cash flows of that particular business, whereas a non-core item is of a more strategic view, intended to benefit the revenue model and cash flows of the core items.Therefor, the easiest way to identify a core business function is to look at whether the primary cash flows of the business revenue model runs directly through it, or not. Core business functions are always immediately involved in the primary cash flows of the revenue model or models of the business, whereas non-core business functions typically are not, which means that the business can hypothetically operate without non-core business functions without impacting primary cash flows, whereas the core business functions are essential to the continuance of its primary cash flows. To be successful, a business needs to look for competitive advantages beyond its own operations. The business needs to look at the competitiveness value chain of suppliers, distributors and customers. Many companies today have partnered with specific suppliers and distributors to create a superior value delivery network.

WikidataRate this definition:0.0 / 0 votes

1. Core business

   The core business of an organization is an idealized construct intended to express that organization's "main" or "essential" activity. The corporate trend in the mid-20th Century of acquiring new enterprises and forming conglomerates enabled corporations to reduce costs funds and similar investment vehicles, and sometimes the following of a popular trend among corporate management seeking to appear current and impress investors. Core business process means that a firm's success depends not only on how well each department performs its work, but also on how well the company manage to coordinate departmental activities to conduct the core business process, which is; 1. The market-sensing process Meaning all activities in gathering marketing intelligence and acting on the information. 2. The new-offering realization process Covering all activities in research, development and launching new quality offerings quickly and within budget. 3. The customer acquisition process all the activities defining the target market and prospecting for new customers 4. The customer relationship management process all the activities covering building deeper understanding, relationships and offerings to individual customers.

How to pronounce Core Business?

1. Alex

   US English

   David

   US English

   Mark

   US English

   Daniel

   British

   Libby

   British

   Mia

   British

   Karen

   Australian

   Hayley

   Australian

   Natasha

   Australian

   Veena

   Indian

   Priya

   Indian

   Neerja

   Indian

   Zira

   US English

   Oliver

   British

   Wendy

   British

   Fred

   US English

   Tessa

   South African

How to say Core Business in sign language?

Numerology

1. Chaldean Numerology

   The numerical value of Core Business in Chaldean Numerology is: 9

2. Pythagorean Numerology

   The numerical value of Core Business in Pythagorean Numerology is: 5

Examples of Core Business in a Sentence

1. Cross Research analyst Shannon Cross:

   The core business is still under pressure, i think what they did was they threw a billion through this repurchase to shareholders to appease them.

2. Anne Neuberger:

   The most important takeaway from the recent spate of ransomware attacks on US, Irish, German and other organizations around the world is that companies that view ransomware as a threat to their core business operations rather than a simple risk of data theft will react and recover more effectively.

3. Chief Executive Rice Powell:

   When you are as large as we are in our core business in the U.S., you can rarely buy anything and keep it all. Therefore, we are mainly looking for M&A outside of the U.S..

4. Rob Sanderson:

   I don't think there's going to be too many people crying for them to start monetizing other properties anytime soon because the core business is so strong.

5. John Blackledge:

   The core business is decaying faster than they think.

References

1. ^ Wikipedia
   https://en.wikipedia.org/wiki/Core_Business
2. ^ Wikidata
   https://www.wikidata.org/w/index.php?search=Core Business