Dictionary
SupportDictionary
The dictionary contains a summary of all terms and definitions that is used throughout the framework for easy understanding and access.
Word |
Definition |
Word type |
Link |
| Asset | A tangible or intangible object with abstract value that is owned or controlled by an organisation | General | Link |
| Continual Improvement | A systematic and ongoing process of enhancing products, services, processes, or systems over time | Cornerstone | Link |
| Cornerstone | Essential practice that without, the whole would be compromised | Cornerstone | Link |
| CUBE® | Collaborative Unified Business Environment | Registered Trademark | Link |
| Customer Value | The perceived benefits that a customer receives from a product or service relative to its cost | Outcome Value | Link |
| Discipline | A subject or a particular type of work: | General | |
| Employee Value | The perceived benefits and positive attributes that employees receive and experience as part of their employment within an organisation | Outcome Value | Link |
| Finance as Fuel | The mindset and practice of valuing profitability as propellant and not a destination | Cornerstone | Link |
| Financial Value | The monetary result of an investment, decision or action | Outcome Value | Link |
| Information | Sensory stimulus carrying a message to convey an idea | Organisation | Link |
| Leadership | The senior management team and all individual in leader roles within the organisation | Organisation | Link |
| Operational Excellence | The structure and practice of doing the right thing, at the right time, every time | Cornerstone | Link |
| Operations | The practical day-to-day activities producing tangible outcome value for stakeholders | Organisation | Link |
| Organisation | A group of people working together and coordinating their efforts to fulfil the needs of its stakeholders | Organisation | Link |
| Outcome Value | The tangible result or effect of an action, situation, or event experienced perceived by the stakeholders of the organisation | Outcome Value | Link |
| Ownership | The individuals or juridical entities having the legal accountability for the organisation | Organisation | Link |
| Practice | A systematic and habitual way of conducting certain activities within a specific field or competence domain. It involves the application of established industry standards, methods, techniques, or principles to achieve desired outcomes or objectives. | General | |
| Quality Management | The systematic approach to ensure products, services and processes consistently meet specified requirements and standards to ultimately fulfil the stakeholders needs | Cornerstone | Link |
| Risk Management | A systematic and structured process of identifying, assessing, prioritising, and mitigating risks to achieve organisational objectives and minimise potential negative impacts. | Cornerstone | Link |
| Security by Design | The approach to the development of systems, products, or services that integrates security and privacy considerations from the start, rather than addressing them as an afterthought | Cornerstone | Link |
| Societal Value | The impact an organisation has the societal and ecological environment | Outcome Value | Link |
| Stakeholders | An individual or group that affects or is affected by the organisations operations | Organisation | Link |
| Structural Value | A tangible or intangible asset that if applied in operations will result in other outcome values | Outcome Value | Link |
| Sustainability | The practice to maintain or endure over the long term without causing significant negative impacts on the environment, society, or economy. | Cornerstone | Link |
| System | A set of interacting or interrelated components that form a complex and unified whole that work together to achieve a common goal or purpose | General | |
| Technology | The application of scientific knowledge for practical purposes | Organisation | Link |
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