1. The interaction of two or more agents or forces so that their combined effect is less than the sum of their individual effects. 3. The potential ability of individual organizations or groups to be less successful and nonproductive as a result of a merger. 4. Competitive interaction between partners in a relationship that creates a reduced combined result that is less than the sum of their individual results.
glossary Page 26 of 40
A small, profitable segment of an existing market. It is easier for new companies, projects or start-ups to gain a competitive advantage and to dominate their field by focusing on a small market, versus a highly served large market. This is counterintuitive for most people because they think there are more opportunities in large, established markets.
1. A system of names assigned to experiences of a specific area of study or understanding. For example, the specific words used in the domain of law, medicine or computers. 2. The terminology of a science etc. 3. Systematic naming.
!. A social, legal, or moral requirement, such as a duty, contract, or promise, that compels one to follow or avoid a particular course of action. 2. The constraining power of a promise, contract, law, or sense of duty: I felt no obligation to offer my advice. 3. Law A document in which a person binds himself or herself to undertake or refrain from doing a particular act. 4. A debt instrument, such as a loan, mortgage, or bond. 5. The state, fact, or feeling of being indebted to another for a special service or favor received.
The benefit that is sacrificed by choosing one course of action rather than the next best alternative, e.g. the opportunity cost sacrificed in building a road might be the use of the land for farming.
Best or most favorable, esp. under a particular set of circumstances.