Archives: Glossary Terms

A model of capitalism that seeks to create long-term value for all stakeholders, including employees, customers, suppliers, communities, and the environment, rather than just shareholders.

Stakeholders are individuals or groups who have an interest or concern in an organization’s activities, decisions, and outcomes. They can be internal (e.g., employees, managers, board members) or external (e.g., customers, suppliers, investors, communities), and their needs and expectations can vary widely. Effective stakeholder engagement is critical to the success of any visioning process.

Strategic objectives are the specific, measurable goals that an organization aims to achieve in order to fulfill its mission and vision. They are typically set at the organizational, departmental, and individual levels, and are used to guide resource allocation, decision-making, and performance management.

The process of defining an organization’s direction and making decisions about how to allocate resources to achieve its goals and objectives.

The process of translating an organization’s high-level strategy into specific, actionable goals, targets, and initiatives at every level of the organization. Effective strategy deployment requires clear communication, alignment, and accountability across all functions and levels.

A group within an organization that shares a distinct set of values, norms, and behaviors that differ from the dominant culture.

A project milestone indicating that a facility is functional and ready for its intended use, pending minor finishing work.

The practice of creating and maintaining conditions under which humans and nature can exist in productive harmony.

SWOT Analysis is a strategic planning tool used to evaluate an organization’s strengths, weaknesses, opportunities, and threats. It involves identifying internal and external factors that are favorable or unfavorable to the organization’s objectives, and using this information to inform strategy development and decision-making.

The use of objects, images, or activities to represent abstract ideas or qualities, such as an organization’s values or identity.