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Operating Model
An operating model deals with a business's core competencies, values, and services. It is an all-encompassing way of describing what a company does, how it does it, and what it hopes to achieve. All facets of a business should align with its operating model, including its allocation of resources and staffing hierarchies.
What Small and Midsize Businesses Need to Know About Operating Model
Every business needs an operating model. It helps an SMB define its operational capabilities based on the business strategy. The company can use this model to create a guide for what different teams and team members are responsible for at a strategic level. Using an operating model helps execute and enforce a business strategy.
Related terms
- PDM (Product Data Management)
- Project Management
- Gain Sharing
- Small and Midsize Business (SMB)
- Business Process Automation (BPA)
- Human Capital Management (HCM)
- Best Practice
- Business Process Management (BPM)
- Business Impact Analysis (BIA)
- Track And Trace
- Digital Business Transformation
- Bimodal
- Span of Control
- Solution
- Business Process Re-engineering (BPR)
- Enterprise Solutions
- Growth Strategy
- Project Management Office (PMO)
- Business Process Outsourcing (BPO)
- Line Of Business
