core (noun, core, \ kɔːr \) process (noun, proc-ess, \ ˈprɑːses \)
Definition: is an essential activity or a set of vital co-dependent activities that a company has to perform on a constantly high-level to ensure its continuous competitiveness on the market as it adds fundamental value to the organization’s output. Such processes help the company improve and maintain the quality of its production and can serve as a basis for a price increase. For a classic manufacturing enterprise, a core process list includes Research, Design, Order Completion, and Collection, as all together they create the organization’s value chain.
In a Sentence:
- Simplicity in design has always been a core process that Apple dedicated a lot of time to. Whatever else, the company made sure that their devices were intuitive and easy to use.
- As a computer technology industry giant IBM understood that research is such an important core process that their customers won’t mind paying for a new processor a bit more as long as it will be truly innovative.
- When running a food delivery company, order fulfillment becomes a crucial core process that can make the business collapse if not organized correctly.
Synonyms and related words: core business, business process, supporting process, business activity
