English Explanatory Dictionary

shared service

English dictionary entry

Meanings

noun
  1. An internal business organization providing support services that are shared between multiple business units or functions.
  2. A virtual or physical team whose process expertise is shared across multiple business units or functions (rather than duplicating staff in each business unit) to execute business processes, in a consistent manner, for optimal resource efficiency, cost and service performance.

Word forms

shared service shared services

Etymology

Attributed to Greg Hackett of The Hackett Group.

This entry uses open data from Wiktionary (CC BY-SA/GFDL). Word forms are used for search and are not indexed as separate pages.
Back to search All on S Russian dictionary Dahl dictionary