Systematic process

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A systematic process is often closely associated with critical thinking. [1]

In general the application of a systematic process is regarded as a means of management aimed at reducing the number and severity of mistakes, errors and failures due to either human or technological functions involved.

Use of systematic process in strategic planning has been both challenged, due to rapid change in market conditions, and advocated as a source of improvement. [2] For example, "Many OECD countries have a transparent and systematic process of public consultation to enhance the quality of the regulatory process by guaranteeing that the impact on citizens and businesses is taken into account." [3]

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Local loop unbundling is the regulatory process of allowing multiple telecommunications operators to use connections from the telephone exchange to the customer's premises. The physical wire connection between the local exchange and the customer is known as a "local loop", and is owned by the incumbent local exchange carrier. To increase competition, other providers are granted unbundled access.

Strategic planning is an organization's process of defining its strategy, or direction, and making decisions on allocating its resources to pursue this strategy. It may also extend to control mechanisms for guiding the implementation of the strategy. Strategic planning became prominent in corporations during the 1960s and remains an important aspect of strategic management. It is executed by strategic planners or strategists, who involve many parties and research sources in their analysis of the organization and its relationship to the environment in which it competes.

In the field of management, 'strategic management involves the formulation and implementation of the major goals and initiatives taken by an organization's top managers on behalf of owners, based on consideration of resources and an assessment of the internal and external environments in which the organization operates.

Due diligence Standard of care before entering into a contract with another party

Due diligence is the investigation or exercise of care that a reasonable business or person is expected to take before entering into an agreement or contract with another party, or an act with a certain standard of care.

Marketing strategy is a long-term, forward-looking approach with the fundamental goal of achieving a sustainable competitive advantage.

Governance comprises all of the processes of governing – whether undertaken by the government of a state, by a market or by a network – over a social system and whether through the laws, norms, power or language of an organized society. It relates to "the processes of interaction and decision-making among the actors involved in a collective problem that lead to the creation, reinforcement, or reproduction of social norms and institutions". In lay terms, it could be described as the political processes that exist in and between formal institutions.

In finance and economics, systematic risk is vulnerability to events which affect aggregate outcomes such as broad market returns, total economy-wide resource holdings, or aggregate income. In many contexts, events like earthquakes, epidemics and major weather catastrophes pose aggregate risks that affect not only the distribution but also the total amount of resources. If every possible outcome of a stochastic economic process is characterized by the same aggregate result, the process then has no aggregate risk.

Basel II is the second of the Basel Accords,, which are recommendations on banking laws and regulations issued by the Basel Committee on Banking Supervision.

Regulatory economics is the economics of regulation. It is the application of law by government or independent administrative agencies for various purposes, including remedying market failure, protecting the environment, and economic management.

In the experimental (non-clinical) research arena, good laboratory practice or GLP is a quality system of management controls for research laboratories and organizations to ensure the uniformity, consistency, reliability, reproducibility, quality, and integrity of chemical non-clinical safety tests; from physio-chemical properties through acute to chronic toxicity tests.

Workforce planning is a continual process used to align the needs and priorities of the organization with those of its workforce to ensure it can meet its legislative, regulatory, service and production requirements and organizational objectives. Workforce planning enables evidence based workforce development strategies.

A regulatory impact analysis or regulatory impact assessment (RIA) is a document created before a new government regulation is introduced. RIAs are produced in many countries, although their scope, content, role and influence on policy making vary.

The FATF blacklist, now called the "Call for action", was the common shorthand description for the Financial Action Task Force (FATF) list of "Non-Cooperative Countries or Territories" (NCCTs). The FATF blacklist or OECD blacklist has been issued by the FATF of the Organization for Economic Co-operation and Development (OECD) since 2000, and lists countries which OECD judges to be non-cooperative in the global fight against money laundering and terrorist financing, calling them "Non-Cooperative Countries or Territories" (NCCTs). Although non-appearance on the blacklist was perceived to be a mark of approbation for offshore financial centres who are sufficiently well regulated to meet all of the FATF's criteria, in practice, the list included countries that did not operate as offshore financial centres. The FATF updates the blacklist regularly, adding or deleting entries.

Spanish Confederation of Savings Banks organization

The Spanish Confederation of Savings Banks is the representative body of savings banks in Spain.

Research and development intensity or simply R&D intensity, is generally defined as expenditures by a firm on its research and development (R&D) divided by the firm's sales. There are two types of R&D intensity: direct and indirect. R&D intensity varies, in general, according to a firm's industry sector, product knowledge, manufacturing, and technology, and is a metric that can be used to gauge the level of a company's investment to spur innovation in and through basic and applied research. A further aim of R&D spending, ultimately, is to increase productivity as well as an organization's salable output.

Information and Communication Technologies Authority (Turkey) Turkish government agency

The Information and Communication Technologies Authority (ICTA), is a national telecommunications regulatory and inspection authority of Turkey. It was formerly known as the Telecommunications Authority.

A systemically important financial institution (SIFI) or systemically important bank (SIB) is a bank, insurance company, or other financial institution whose failure might trigger a financial crisis. They are colloquially referred to as "too big to fail".

Transfer mispricing, also known as transfer pricing manipulation or fraudulent transfer pricing, refers to trade between related parties at prices meant to manipulate markets or to deceive tax authorities. The legality of the process varies between tax jurisdictions; most regard it as a type of fraud or tax evasion.

Strategic environmental assessment (SEA) is a systematic decision support process, aiming to ensure that environmental and possibly other sustainability aspects are considered effectively in policy, plan and program making. In this context, following Fischer (2007) SEA may be seen as:

Sustainable Materials Management is a systemic approach to using and reusing materials more productively over their entire lifecycles. It represents a change in how a society thinks about the use of natural resources and environmental protection. By looking at a product's entire lifecycle new opportunities can be found to reduce environmental impacts, conserve resources, and reduce costs. U.S. and global consumption of materials increased rapidly during the last century. According to the Annex to the G7 Leaders’ June 8, 2015 Declaration, global raw material use rose during the 20th century at about twice the rate of population growth. For every 1 percent increase in gross domestic product, raw material use has risen by 0.4 percent. This increasing consumption has come at a cost to the environment, including habitat destruction, biodiversity loss, overly stressed fisheries and desertification. Materials management is also associated with an estimated 42 percent of total U.S. greenhouse gas emissions. Failure to find more productive and sustainable ways to extract, use and manage materials, and change the relationship between material consumption and growth, has grave implications for our economy and society.

References

  1. Elaine B. Johnson, Contextual teaching and learning: what it is and why it's here to stay, 2002, p.103
  2. Rudolf Grünig, Process-based Strategic Planning, Springer-Verlag, Berlin, 2006, pp.45-46
  3. China: defining the boundary between the market and the state, OECD Reviews of Regulatory Reform, Organisation for Economic Co-operation and Development, 2009, p.113