distributed (adjective, dis-trib-ut-ed, \ dɪˈstrɪbjuːtɪd \) network (noun, net-work, \ ˈnetwɜːrk \) model (noun, mod-el, \ ˈmɑːdəl \)
Definition: is an organizational business model, which implies a number of individuals, separate business branches that are acting and operating relatively independently from each other and their head office. While being almost completely independent, these business branches might share the inventory and maintain communication even on an informal basis. When the distributed network model is applied in business, it is common for the head office to perform some of the functions of the business branches. Such functions may include purchasing, accounting, billing, and a number of other financial operations.
In a Sentence:
- In a distributed network model, we can organize our business independently from other branches.
- They still leave all the financial operations to the head office, being a part of the distributed network model.
Synonyms and related words: business model, organizational model, distribution network, business organization, business branch
