call center:
... a place where workers use telecommunications
to make sales calls, take orders or provide services see contact
center; a location where telemarketing takes place.
capital:
... anything that can be converted to money in
hand as an available resource for gaining wealth (accumulating
wealth); funds in hand; accumulated wealth. One definition
of economic development states that it's a process of increasing
the flow of capital through a
community and keeping it there for as long as possiblesource.
capital assets:
... all the property and money owned by an individual
or enterprise that is available as leverage to obtain loaned
or invested fundssee
the definition of asset
capital formation:
... the process of finding and making use of
sources of capitalsee
the definition of venture
capital. Investorwords defines capital formation
as the ... transfer of savings from households and
governments to the business sector, resulting in increased
output and economic expansion. Also, Wikipedia has
in-depth comments.
cap rate:
... capitalization
rate; a financial measure indicating
whether a real estate investment will yield an acceptable
return. It's determined by dividing a projected income
stream of the upcoming year by investment dollars. Developing
Capitalization Rates / Utilizing the "Theory of Capitalization" to
determine an estimated value provided by Loan
Masters.
career transition:
... change from one type of work to another;
change from one employer to another; leaving one work-life
stage and entering another.
CED:
... stands for (examples) Carnegie Mellon University's Center
for Economic Development or Community Economic Developmentsee
CCEDNet listed
in the .network resource archive. Another
example of the use of CED initials is Center
for Enterprise Development, Carol Stream, IL. At
one time it was an acronym used by the American Economic
Development Council (AEDC)
as a makeover of the letters of recognition, CID (Certified
Industrial Developer). The Certified Economic Developer
designation is now CEcD.
chamber of commerce:
... a membership organization operated by and
for business and commercial interests; a non-government
organization that publicizes and furnishes information
about a community. Local chambers are generally in position
to be of assistance to economic
development prospects.
The Network library has resources
for finding chambers of commerce worldwide.
CID:
... a designation at one time for
academic achievement in the field of industrial development
or, for example, Center
for International Development, Harvard University,
Cambridge, MA.
city-region ... defined in Site
Location Assistance.com with how
to list your location.
client:
... a customer of a provider of professional
services; a .network user who is a member of
its s target audience; a computer program that uses the
service of anothersee client
server.
client privilege:
... the right belonging to users of a professional
service to expect that information which should be kept
confidential will be and that parties
receiving it, in written or spoken form,
have the discretion, means and will to protect it. The
Network, which offers professional services to assist
in the gathering of information, has a privacy
policy.
For example, services for discreetly colleting information
form location data suppliers and proposals for working
relationships from other resource and service providers
are offered through the Site
Selection Directory.
close corporation:
... a corporation having
a limited number of stockholders or owners.
cluster:
The question of what a cluster is is answered in Clusters
and the new economics of competition by Michael
Porter in Harvard
Business
Review
(1998). The formation
of a manufacturers
council
is a form of clustering although the collaborating parties
may not necessarily be in close proximity to one another.
A community creates
an environment for clustering when it develops a business
park
and organizes
a collaboration among the enterprises in it.
cluster support network:
... support specifically dedicated in a specialized
area, for example, say a chamber of commerce forms a information
technology council so that participants can network with
one another, thereby advancing the industry in the community
as a strategy for local economic development. As an operating
body the council would be a cluster support
network. As a community economic development strategy,
forming the
cluster support network would fall under the best
practices efforts of business
retention and business
expansions.
cntc ... an abbreviation for contact.
code compliance:
... acquiescence to a law or part of a law as
interpreted by a regulatory
agency; to be operative within a systematically
arranged collection of laws; to be code compliant with
a regulation set forth by a legislative act. Code
compliant means being recognized as having followed
guidelines, specifications, or a legislated mandate,
generally at a point in time after inspection. It may be
said, for example, that a newly installed electrical system
meets code after an inspector, using building
code specifications, approves it as
a retrofit.
COGS ... Cost Of Goods Soldfor
a link to a COGS definition, CLICK
HERE
cold call:
... a business
development contact
made with a potential prospect without
giving notice or making an appointment; an
unannounced sales call supported by little or no indication
that it lead to a working relationship. Cold
calling is a part of the practice
of economic
development as a specialized form of marketing. For
example, a group from a community that wants economic development
plans a trip
to to where corporate headquarters are clustered in
order to drum
up an interest
in the location.
One technique is to form teams of volunteers in which case
an effort may be referred to as an economic
development team trip. A point
person may be sent in advance to organize logistics
and go so far as to make cold-call-appointments.
commercial development:
... enterprise
development exclusive of industrial
development.
commercial enterprise:
... a for-profit business operation that directly
accommodates or transacts with buyers in the exchange of
goods, services, or commodities as opposed to an industrial
or nonprofit operation.
Offices and for-profit operations that provide entertainment
and other services or accommodations
are included among
commercial enterprises.
commercial real estate:
... commercial property; income-producing propertysee real
estate. A business zoning classification.
Real estate zoned for or used by a commercial
enterprise.
communications infrastructure:
... the services, technology and facilities of
information conveyance in a location;
a location
data element; i.e., key resource category for presenting location
data. Communications infrastructure is one of
the four
essential categories of data that the enterprise
developer should inquire about when utilizing
the services of a location
development representative. Advances in telecommunications
technology, including the Internet, during the last 20
years of the twentieth century brought this information
category to the forefront for site
selectors. Before that time the site selector
generally considered that there were three essential information
categories for gathering facts about a locationdemographics, transportation,
and place-data.
community:
... a
place where people live and share things
in common. As
defined here, a community has a local
economy. See the definitions of sustainable
community and location.
community college
... a institution of higher learning that often
time is oriented on preparing students for careers that
fit into the local economy or job market. Some community
colleges have trade or technical schools, which teach job
skills, as well as job training facilities and programs.
community development:
... economic development combined
with other processes, programs, strategies, and activities
that make a community sustainable. When community
development is distinguished from economic development
in a location, most likely it addresses social infrastructure
and those act ivies that sustain vitality of the communal
realm whereas the latter may be focused on marketing to
encourage growth, job creation, and the importation of
capital and wealth building opportunities. A section of
the .network library
is devoted to community development; also, the series of
pages in Economic Development.net about economic development
includes one that ties community development to the process
along with area development, enterprise development, and
site selection.What is community development? The Community
Development Exchange
(CDX.org.uk)
offers an answer to
the question. See planned
community development.
community profile:
... a format for presenting facts about a location;
a publication of economic development data about a place;
an item or group of items that make up a location
package.
community spirit:
... a wholehearted dedication to community.
Community spirit in a specific location is recognizable
by the way local people work together to get things done
in a positive manner, thus bringing about a recognizable
vitality beyond happenstance.
commute time:
... the time it takes to move between a place
of residence and place of work or vice versa. As a general
rule, most commuters prefer to travel one way in 1/2 hour
or less.
commuting:
... back and forth movement between a place of
residence and place of work on a regular basis. See the
information about labor
sheds or commute sheds in the resource
archive.
commuting pattern:
... a layout showing the way commuters move about
in an area; a commuting profile
which includes identities of routes, times en route,
times
of day, and the number of commuters in a defined area.
A commute
shed map represents
a labor
shed by showing route patterns.
comparable location data:
... information about places or real estate that
conforms to some standard so that it is useful in all respects
for comparative analysissee apples
to apples.
comparative analysis:
... the evaluation of location
data about places
of interest in order to choose one
or more that most nearly satisfy a set of
selection
criteria; a site
selection technique for determining
a best-choice location.
There's an ongoing effort to have
area
and local development representatives organize
their promotional information to facilitate apples
to apples comparisons. The business of site
location consulting is based on collecting and
organizing information, then making comparative analyses.
Data
brokers like to point to out that they can
skillfully assimilate location data for apples to apples
comparison when in comes in different forms from various
sources. Consultants and brokers are classified as types
of location
data suppliers, as are economic development
practitioners, because they process information and
pass it on. Comparative
analysis is also a term applied in evaluating
key profit indicators and ratios in light of typical indicators
and ratios of like enterprises operations.
 |
|
|
|
confidentiality
... discretion in keeping information
confidential;
the
protection or containment of information which, if it were
to be disclosed, would pose a threat to the possibility
of moving forward with an enterprise
development plan.
For example, say, information about the plans surrounding
a company's site
selection project fall into
the hands of its competitor and, as a result,
actions taken deter or prevent them from moving
forward. In such a case, there would be two losers: (1)
an enterprise that chooses not to spar with its competitor,
thus shelving its
plans, and a location under
consideration which otherwise had a good chance to enjoy
an economic
development opportunity. Nothing emphasizes the
indiscretion problem in the enterprise
and economic development business better than
to say: Loose
lips sink ships. For more about handling confidentiality
see the .network privacy
policy and information about its
Site
Selection Directory services for gathering information,
such as location
data, during the enterprise and economic
development process.
|
|
|
|
conflict of interest:
... a position held during a transaction where
someone represents both a buyer and seller at the same
time. It is generally held in the law that anyone paid
as a representative of a seller has a vested interest such
that acting as a unbiased, paid, advisor to a prospective
buyer is wrong. A conflict of interest also exist when
someone in position of public trust discreetly represents
or can be influenced by a private interest or party.
consultant:
... an advisor who applies knowledge and/or experience
to a situation, problem or project, usually for a fee;
an organization made up of professional advisors (consultancy).
The .network mission indicates
that there are websites offering decision
makers involved in enterprise and economic development access
to resource
and service providers. Among the latter
are
all types of management
consultants. For example, enterprise
developers and asset managers with large corporations call
for the services of specialized site location consultants
and real estate consultants. The US Small Business Administration
(SBA)
is partnered with a program with volunteer experts in
communities throughout the country working as management
consultants (SCORE).
Owners and hands-on managers of fast-growing
enterprises usually like
to gather information directly to make their decisions,
for example, they use resources such as
Site
Selection Directory services to reach out to advisors
they may not have used before and from whom they want proposals
for working relationships.
|
|
|
|
contact:
... a person with whom another chooses to interact;
a member of
the .network user group in position as
a
resource supplier or service provider;
e.g., someone that another
member chooses for a business
networking interchange; someone having a record
in Global
Registry of Contacts. To contact
means, figuratively, to
touch as in ... reaching out
and touching another person. Read its mission
statement to see where contact fits into .network operations.
contact center ... a back
office where telecommunications
tools are used to provide customer
service. A facility
for telemarketing operations
that is generally not open to visitors.
contact data:
... information used in networking;
information needed in order to know how to get in touch
with someone; an identity that includes location
information, for example, an address for a person or
organization; what you normally see published on
a business
card informing you on how to make
contactmake
contact is a idiom meaning to touch. Contact
data distribution is essential to business
networking. Mailing addresses, telecom numbers
and information about physical locations are all components
of contact data. As a practical matter, a followup should
only be expected if contact data is provided. Although
originally organized for contacts interested
in .network participation opportunities,
the Best
Practice Essentials for Successful Networking has
become a quintessential guide for all who take their responsibilities
for building and maintaining working relationships in business
seriously. The guide sets forth eight basics for making
effective use of contact data which, for savvy networkers,
are obvious but may not necessarily be so for those who
approach being online with ambivalence.
|
|
|
|
contact directory:
... a source of contact
data; a reference. For
example, the listing of the names of resource and service
providers online from the Global
Registry of Contacts provides .network users with
something they can refer to as they search for people with
whom they want to consider
building working relationships. An economic
development directory is generally a source of
information for getting in touch with representatives of places
of interest to
site
selectors. The GRC is an economic development
directory used to deliver on the search
promise of The Network. It's
also also a site selection directory because it supports
an enterprise
and economic development network  select
the link for dictionary Appendix
B about various types of networks.
continual improvement:
... continuous improvement as an endeavor to
achieve and maintain excellence;
any ongoing enterprise
development effort that breaks down production
steps and examines the (1) purpose of doing something,
the (2) order of tasks in the sequence, (3) where a task
fits in the order, and (4) the worker's performance at
a task while asking (5) what possibilities there are for
improvement or elimination of an effort. Known as Kaizen,
continual improvement was the economic
development effort that brought about Japan's
success in the 1950ssee Deming
Management Method. Quality
systems stems from the Deming Method. Methods
and techniques implemented for the duration in order to
achieve production excellence or a work
ethic with understanding of why the job exits
, including those related to peak
performance and best
practices applied in the workplace,
may be seen as a form of continuous improvement no matter
what identity happens to be in vogue.
controlled site:
... a proprietary real
estate parcel granted protection
and/or to which its owner or lessee is authorized development rights
and privileges above and beyond that of other property.
corporate infrastructure:
... the foundation and framework that holds an
organization together; that which unites a group
that functions within a business system; the underlying
organization and function of an enterprise.
corporate-level:
... where within a corporate infrastructure
the top business
decision makers are located; headquarters
for the autonomous operating
units of a corporation where,
on occasion, it is expected that they will report, seek
guidance and obtain approvals; i.e., where
the highest-level of administration, planning, decision
making and reporting to owners takes place.
corporate real estate executive:
... loosely used term for anyone with responsibilities
related to real
estate assets who is a part of the management
or development structure of of an enterprise; one who has
responsibilities for properties of a corporation that
doesn't deal in real estate transactions as its main line
of business; title
for a business executive who oversees facilities and property
assets.
corporation:
... a group with enterprise interests
having powers and liabilities as defined by law; the united
group of associates as
part of a corporate infrastructure which
are officials and/or owners.
cost efficient:
... having an impressive result as intended,
expected, or measured against an investment of time, effort
or capital; absence of wasted
time, effort or capital.
cost effective:
... economical based on benefits received in light of
an investment that an enterprise makes, usually in acting
on an opportunity after comparing it to others that are
available. For example, it can be said the Site
Selection Directory is cost effective for gathering location
data as compared to what information brokers offer because it
publishes announcements online for free. Cost effectiveness
means the expense of doing something in business is reasonable
to the extend that it contributes to profitability.
country profile:
... a format similar to a community
profile for presenting facts about a country.
The .network library has links
to a couple of sources of country profiles, for
example, The
World Factbook. Also, you can search for country
profiles in Economic
Development.net/Area Development or use the Google/.network search
engine at the top of this page to search for an economic
development profile for a country of interest to you. Suggestion:
Copy and paste the following italicized text in the search
box, substituting the name of the country for the word
location (actually you can search for any location by doing
this, for example, substitute the name of a state, province,
territory or region for location): ... location economic
development profile
cross-functional team:
... a group with diverse capabilities working
together to solve a common problem or accomplish a goal
by sharing information and experience as it moves along.
For example, a site selection team made up of people with
diverse responsibilities within a company, such as human
resources, corporate real estate,
and operations
management would be a cross-functional team.
customer base:
... the current group of buyers of the products
and/or users of the services of an enterprise that
it depends on in order to stay in business. Advertising
and promotion are indirect marketing efforts intended to
affect the numbers in a customer base. Business
development efforts, such as networking and
sales, can directly affect the bringing in of new customers
and sustaining the loyalty of existing customers, thus
changing the customer baseFYI: Wikipedia
definition.
cyber:
... virtual epistame created by electronic functions;
a prefix that gives an impression of the vague area or
space in which the whole range of intelligence or virtual
reality of the computer world exists; a prefix meaning
the artificial intelligence that drives information dynamics
through computer hardware, software and networks. Examples
of the cyber prefix use can be found in words such as cybernetics, cyberspace, cybercrime, cyberterroristsee
the next two definitions and cyber in http://en.wikipedia.org..
cyberharm:
... damage, disruption or destruction of the
operations of a computer, electronic information system
or airways delivery/reception system brought about through
mischievous or criminal intent; result of a cyberthug's act;
an intention of a criminal hacker or
mischievous juvenile using an email system or Web network;
destruction caused by a cyberterrorist;
the collective time lost to spam activity
on the Web; virtual injury or destruction caused by a cybermugger
that carries over into the real-world.
cyberthug:
... a person who uses the Internet or similar
information network to cause harm or chaos; anyone intent
on committing a cybercrime,
such as a perpetrator of a scam or spoofing scheme;
a cybermugger as a criminal working in the shadows of the
Web involved in phishing or
other ways of taking advantage of people; any mischievous
Internet user, such as a spammer who
cloaks his activities, or, in a worse case scenario, sends
emails that virtually mug victims, cause cyberharm or cyberterror.
| 
