Definition
Operational processes and procedures for efficient business execution and continuous improvement.
In the room
How the word shows up in a real conversation.
In a Monday review, someone writes Operations research on the board and restates it: “Analytical method of problem-solving and decision-making in business operations.” The next move is a test, a cut, or a double-down — not another debate about the word.
Common mistake
Using Operations research as a label instead of a fact. If you cannot point to the evidence — a number, a customer, or a written assumption — you are using the word as jargon.
See also
Operations management
Administration of business practices to create the highest level of efficiency.
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Operating profit
Profit earned from core business operations before interest and taxes.
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Opportunity cost
Value of the next best alternative that is foregone when making a decision.
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Option grant
Award of stock options to employees as part of compensation or incentive programs.
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