[ɪkˈstɛndəd ˈɛntərˌpraɪz]
Definition: is an enterprise that logically includes a network of co-executors, subcontractors, suppliers, business partners and customers involved in the creation, definition of parameters, production, operation or maintenance of a common product. The concept of an expanded enterprise goes beyond simply transferring routine and minor works from the parent enterprise to others, most often remote territorially. It's about creating a flexible enterprise with a variable, configurable on the environment structure, consisting of standalone modules. The latter are built up depending on the volume of functions and tasks to be solved.
Extended enterprise in a sentence:
- Fast-growing companies, concentrating on their core competencies and corporate capabilities, create an extended enterprise.
- The extended enterprise includes numerous strategic alliances that allow the company to gain access to the core competence of its partners and create synergy with them.
Synonyms and related words: mergers, joint activities, expansion of assets
