Glossary

There are many terms & acronyms in business, social media, marketing, amongst other segments. In an effort to help clarify for you, below is a glossary of unfamiliar terms & acronyms that we may have used. Always feel free to contact your Social Media Analysts™ representative for further understanding & application of these. If you don’t yet have an assigned representative, fill out an application to get started on a Social Media Analysts™ Small Business Social Media Package (then you don’t have to worry about keeping up with these terms, for Social Media Analysts will do it for you!).

Terms & Acronyms are Alphabetical

# | A | B | C | D | E | F | G | H | I | J | K | L | M | N | O | P | Q | R | S | T | U | V | W | X | Y | Z

#

A

 

APP

APP is an abbreviation for application. The filename extension .app means application in Symbian OS, SkyOS, GNUstep and Mac OS X. On the latter two systems, a .app file is actually a folder containing binaries and supporting files. App may also refer to a lightweight application, tailored to a device’s form factor and input-output interfaces (key pad, touch pad, remote control, display, etc). Devices may include such things as a mobile phone, a TV set, a cable or satellite receiver, a tablet PC, a printer – any device whose features can be extended through software.


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Source: APP on Freebase, licensed under CC-BY
Wikipedia
Description generated from Wikipedia.org licensed under the CC-BY-SA License.

B

 

Blog

A blog (a blend of the term web log) is a type of website or part of a website supposed to be updated with new content from time to time. Blogs are usually maintained by an individual with regular entries of commentary, descriptions of events, or other material such as graphics or video. Entries are commonly displayed in reverse-chronological order. Blog can also be used as a verb, meaning to maintain or add content to a blog. Although not a must, most good quality blogs are interactive, allowing visitors to leave comments and even message each other via GUI widgets on the blogs and it is this interactivity that distinguishes them from other static websites. In that sense, blogging can be seen as a form of social networking. Indeed, bloggers do not only produce content to post on their blogs but also build social relations with their readers and other bloggers. Many blogs provide commentary on a particular subject; others function as more personal online diaries; yet still others…


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Source: Blog on Freebase, licensed under CC-BY
Wikipedia
Description generated from Wikipedia.org licensed under the CC-BY-SA License.

C

 

Change Management

Change management is a structured approach to shifting/transitioning individuals, teams, and organizations from a current state to a desired future state. It is an organizational process aimed at helping employees to accept and embrace changes in their current business environment.. In project management, change management refers to a project management process where changes to a project are formally introduced and approved. As a multidisciplinary practice that has evolved as a result of scholarly research, Organizational Change Management should begin with a systematic diagnosis of the current situation in order to determine both the need for change and the capability to change. The objectives, content, and process of change should all be specified as part of a Change Management plan. Change Management processes may include creative marketing to enable communication between change audiences, but also deep social understanding about leadership’s styles and group dynamics. As a visible…


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Source: Change management on Freebase, licensed under CC-BY
Wikipedia
Description generated from Wikipedia.org licensed under the CC-BY-SA License.

 

Customer Relationship Management (CRM)

Customer relationship management (CRM) is a widely implemented strategy for managing a company’s interactions with customers, clients and sales prospects. It involves using technology to organize, automate, and synchronize business processes—principally sales activities, but also those for marketing, customer service, and technical support. The overall goals are to find, attract, and win new clients, nurture and retain those the company already has, entice former clients back into the fold, and reduce the costs of marketing and client service. Customer relationship management describes a company-wide business strategy including customer-interface departments as well as other departments. Measuring and valuing customer relationships is critical to implementing this strategy. A CRM system may be chosen because it is thought to provide the following advantages: Successful development, implementation, use and support of customer relationship management systems can provide a significant…


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Source: Customer Relationship Management on Freebase, licensed under CC-BY
Wikipedia
Description generated from Wikipedia.org licensed under the CC-BY-SA License.

D

E

F

G

H

I

 

Information Technology (IT)

Information technology (IT) is concerned with technology to treat information. The acquisition, processing, storage and dissemination of vocal, pictorial, textual and numerical information by a microelectronics-based combination of computing and telecommunications are its main fields. The term in its modern sense first appeared in a 1958 article published in the Harvard Business Review, in which authors Leavitt and Whisler commented that “the new technology does not yet have a single established name. We shall call it information technology (IT).”. Some of the modern and emerging fields of Information technology are next generation web technologies, bioinformatics, cloud computing, global information systems, large scale knowledgebases, etc. Advancements are mainly driven in the field of computer science. The English word was apparently derived from the Latin stem (information-) of the nominative (informatio): this noun is in its turn derived from the verb “informare” (to inform) in…


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Source: Information technology on Freebase, licensed under CC-BY
Wikipedia
Description generated from Wikipedia.org licensed under the CC-BY-SA License.

 

Intellectual Property (IP)

Intellectual property (IP) is a term referring to a number of distinct types of creations of the mind for which a set of exclusive rights are recognized—and the corresponding fields of law. Under intellectual property law, owners are granted certain exclusive rights to a variety of intangible assets, such as musical, literary, and artistic works; discoveries and inventions; and words, phrases, symbols, and designs. Common types of intellectual property rights include copyrights, trademarks, patents, industrial design rights and trade secrets in some jurisdictions. Although many of the legal principles governing intellectual property have evolved over centuries, it was not until the 19th century that the term intellectual property began to be used, and not until the late 20th century that it became commonplace in the majority of the world. The British Statute of Anne 1710 and the Statute of Monopolies 1623 are now seen as the origins of copyright and patent law respectively. Modern…


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Source: Intellectual property on Freebase, licensed under CC-BY
Wikipedia
Description generated from Wikipedia.org licensed under the CC-BY-SA License.

J

K

L

 

Location-Based Service (LBS)

A Location-Based Service (LBS) is an information or entertainment service, accessible with mobile devices through the mobile network and utilizing the ability to make use of the geographical position of the mobile device . LBS can be used in a variety of contexts, such as health, indoor object search, entertainment, work, personal life, etc. . LBS include services to identify a location of a person or object, such as discovering the nearest banking cash machine or the whereabouts of a friend or employee. LBS include parcel tracking and vehicle tracking services. LBS can include mobile commerce when taking the form of coupons or advertising directed at customers based on their current location. They include personalized weather services and even location-based games. They are an example of telecommunication convergence. This concept of location based systems is not compliant with the standardized concept of real-time locating systems and related local services (RTLS), as noted in ISO…


Freebase CC-BY
Source: Location-based service on Freebase, licensed under CC-BY
Wikipedia
Description generated from Wikipedia.org licensed under the CC-BY-SA License.

M

 

Metrics (Networking)

(Also See Performance Metrics)

Metrics is a property of a route in computer networking, consisting of any value used by routing algorithms to determine whether one route should perform better than another. The routing table stores only the best possible routes, while link-state or topological databases may store all other information as well. For example, Routing Information Protocol uses hopcount (number of hops) to determine the best possible route. A Metric can include: In EIGRP, metrics is represented by an integer from 0 to 4294967295. In Microsoft Windows XP routing it ranges from 1 to 9999. A Metric can be considered as : A survey of routing metrics can be found here. Service Level Metrics are concerned with the end user’s experience of using the product. The availability of a computer network (or an individual service) may be expressed using the notation hh/d/ww. For a 24 hour service, seven days a week, available all year around, this would be expressed 24/7/52 (where the 52 stands for the number of weeks…



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Source: Metrics on Freebase, licensed under CC-BY
Wikipedia
Description generated from Wikipedia.org licensed under the CC-BY-SA License.

 

Microblogging

Microblogging is a broadcast medium in the form of blogging. A microblog differs from a traditional blog in that its content is typically smaller in both actual and aggregate file size. Microblogs “allow users to exchange small elements of content such as short sentences, individual images, or video links”. As with traditional blogging, microbloggers post about topics ranging from the simple, such as “what I’m doing right now,” to the thematic, such as “sports cars.” Commercial microblogs also exist, to promote websites, services and/or products, and to promote collaboration within an organization. Some microblogging services offer features such as privacy settings, which allow users to control who can read their microblogs, or alternative ways of publishing entries besides the web-based interface. These may include text messaging, instant messaging, E-mail, or digital audio. The first microblogs were known as tumblelogs. The term was coined by why the lucky stiff in a blog post on…


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Source: Micro-blogging on Freebase, licensed under CC-BY
Wikipedia
Description generated from Wikipedia.org licensed under the CC-BY-SA License.

N

 

New Media

New media is a broad term in media studies that emerged in the latter part of the 20th century. For example, new media holds out a possibility of on-demand access to content any time, anywhere, on any digital device, as well as interactive user feedback, creative participation and community formation around the media content. Another important promise of new media is the “democratization” of the creation, publishing, distribution and consumption of media content. Another aspect of new media is the real-time generation of new, unregulated content. Wikipedia, an online encyclopedia, is an example, combining Internet accessible digital text, images and video with web-links, creative participation of contributors, interactive feedback of users and formation of a participant community of editors and donors for the benefit of non-community readers. Facebook is an example of the social media model, in which most users are also participants. Most technologies described as “new media” are…


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Source: New media on Freebase, licensed under CC-BY
Wikipedia
Description generated from Wikipedia.org licensed under the CC-BY-SA License.

O

P

 

Performance Metrics

(Also See Metrics (Networking))

A performance metric is a measure of an organization’s activities and performance. Performance metrics should support a range of stakeholder needs from customers, shareholders to employees. While traditionally many metrics are financed based, inwardly focusing on the performance of the organization, metrics may also focus on the performance against customer requirements and value. In project management, performance metrics are used to assess the health of the project and consist of the measuring of six criteria: time, cost, resources, scope, quality, and actions. Developing performance metrics usually follows a process of: A criticism of performance metrics is that when the value of information is computed using mathematical methods, it shows that even performance metrics professionals choose measures that have little value. This is referred to as the “measurement inversion”. For example, metrics seem to emphasize what organizations find immediately measurable — even if those are low…



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Source: Performance metrics on Freebase, licensed under CC-BY
Wikipedia
Description generated from Wikipedia.org licensed under the CC-BY-SA License.

Q

 

QR Code (Quick Response Code)

A QR code (abbreviated from Quick Response code) is a type of matrix barcode (or two-dimensional code) first designed for the automotive industry. More recently, the system has become popular outside of the industry due to its fast readability and comparatively large storage capacity. The code consists of black modules arranged in a square pattern on a white background. The information encoded can be made up of any kind of data (e.g., binary, alphanumeric, or Kanji symbols). Created by Toyota subsidiary Denso Wave in 1994 to track vehicles during the manufacturing process, the QR code is one of the most popular types of two-dimensional barcodes. It was designed to allow its contents to be decoded at high speed. The technology has seen frequent use in Japan; the United Kingdom is the seventh-largest consumer of QR codes in the world. There are several standards in documents covering the physical encoding of QR codes: At the application layer, there is some variation between…

Also known as: qr-code, qr, 2d-code, mobile barcode



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Source: QR Code on Freebase, licensed under CC-BY
Wikipedia
Description generated from Wikipedia.org licensed under the CC-BY-SA License.

R

 

Reputation Management (Online)

Online reputation management (or monitoring) is the practice of monitoring the Internet reputation of a person, brand or business, with the goal of suppressing negative mentions entirely, or pushing them lower on search engine results pages to decrease their visibility. Online Reputation Management (ORM) is the act of monitoring, addressing or mitigating SERPs (search engine result pages) or mentions in online media and Web sphere content. ORM primarily involves tracking what is written about a client on the Internet, then utilizing sophisticated online and offline techniques in promoting positive and neutral content, while at the same time pushing down those links the sponsor (in most cases business or individuals) may not want to show when their name is searched. Rather than working to raise link results with a particular search term in order to (ostensibly) generate more commerce or page views, the goal of ORM is to push already highly-ranked negative posts off the results…


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Source: Online reputation management on Freebase, licensed under CC-BY
Wikipedia
Description generated from Wikipedia.org licensed under the CC-BY-SA License.

 

Rights Managed

Rights Managed, or RM, in photography and the stock photo industry, refers to a copyright license which, if purchased by a user, allows the one time use of the photo as specified by the license. If the user wants to use the photo for other uses an additional license needs to be purchased. RM licences can be given on a non-exclusive or exclusive basis. In stock photography RM is one of the four common licenses or business models together with royalty-free, subscription and micro.


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Source: Rights Managed on Freebase, licensed under CC-BY
Wikipedia
Description generated from Wikipedia.org licensed under the CC-BY-SA License.

 

Royalty Free

Royalty-Free, or RF, refers to the right to use copyrighted material or intellectual property without the need to pay royalties for each use or per volume sold, or some time period of use or sales. Many computer industry standards, especially those developed and submitted by industry consortiums or individual companies, involve royalties for the actual use of these standards. These royalties are typically charged on a “per port” basis, where the manufacturer of end-user devices has to pay a small fixed fee for each device sold. With millions of devices sold each year, the royalties can amount to several millions of dollars, which is a significant burden for the manufacturer. Examples of such royalties-based standards include FireWire, HDMI, and H.264/MPEG-4 AVC. Royalty-free standards do not include any “per-port” or “per-volume” charges or annual payments for the use of the standard, even though the text of the actual specification is typically protected by copyright and needs to be…


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Source: Royalty-free on Freebase, licensed under CC-BY
Wikipedia
Description generated from Wikipedia.org licensed under the CC-BY-SA License.

S

 

Search Engine Optimization (SEO)

Search engine optimization (SEO) is the process of improving the visibility of a website or a web page in search engines via the “natural” or un-paid (“organic” or “algorithmic”) search results. In general, the earlier (or higher ranked on the search results page), and more frequently a site appears in the search results list, the more visitors it will receive from the search engine’s users. SEO may target different kinds of search, including image search, local search, video search, academic search, news search and industry-specific vertical search engines. As an Internet marketing strategy, SEO considers how search engines work, what people search for, the actual search terms typed into search engines and which search engines are preferred by their targeted audience. Optimizing a website may involve editing its content and HTML and associated coding to both increase its relevance to specific keywords and to remove barriers to the indexing activities of search engines. Promoting a…


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Source: Search Engine Optimization on Freebase, licensed under CC-BY
Wikipedia
Description generated from Wikipedia.org licensed under the CC-BY-SA License.

 

Small Business

A small business also called mom and pop store by some in the United States, is a business that is privately owned and operated, with a small number of employees and relatively low volume of sales. Small businesses are normally privately owned corporations, partnerships, or sole proprietorships. The legal definition of “small” varies by country and by industry, ranging from fewer than 15 employees under the Australian Fair Work Act 2009, 50 employees in the European Union, and fewer than 500 employees to qualify for many U.S. Small Business Administration programs. Small businesses can also be classified according to other methods such as sales, assets, or net profits. Small businesses are common in many countries, depending on the economic system in operation. Typical examples include: convenience stores, other small shops (such as a bakery or delicatessen), hairdressers, tradesmen, lawyers, accountants, restaurants, guest houses, photographers, small-scale manufacturing, and online…


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Source: Small business on Freebase, licensed under CC-BY
Wikipedia
Description generated from Wikipedia.org licensed under the CC-BY-SA License.

 

The Small Business Administration (SBA)

The Small Business Administration (SBA) is a United States government agency that provides support to entrepreneurs and small businesses. The mission of the Small Business Administration is “to maintain and strengthen the nation’s economy by enabling the establishment and viability of small businesses and by assisting in the economic recovery of communities after disasters.” The agency’s activities are often summarized as the “3 Cs” of capital, contracts and counseling. SBA loans are made through banks, credit unions and other lenders who partner with the SBA. The SBA provides a government-backed guarantee on part of the loan. Under the Recovery Act and the Small Business Jobs Act, SBA loans were enhanced to provide up to a 90 percent guarantee in order to strengthen access to capital for small businesses after credit froze in 2008. The agency had record lending volumes in late 2010. SBA helps lead the federal government’s efforts to deliver 23 percent of prime federal contracts to…


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Source: Small Business Administration on Freebase, licensed under CC-BY
Wikipedia
Description generated from Wikipedia.org licensed under the CC-BY-SA License.

 

Social Media

The term Social Media refers to the use of web-based and mobile technologies to turn communication into an interactive dialogue. Andreas Kaplan and Michael Haenlein define social media as “a group of Internet-based applications that build on the ideological and technological foundations of Web 2.0, and that allow the creation and exchange of user-generated content.” Social media is media for social interaction as a superset beyond social communication. Enabled by ubiquitously accessible and scalable communication techniques, social media substantially changed the way of communication between organizations and communities, as well as individuals. Social media takes on many different forms including magazines, Internet forums, weblogs, social blogs, microblogging, wikis, podcasts, photographs or pictures, video, rating and social bookmarking. By applying a set of theories in the field of media research (social presence, media richness) and social processes (self-presentation, self…


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Source: Social media on Freebase, licensed under CC-BY
Wikipedia
Description generated from Wikipedia.org licensed under the CC-BY-SA License.

 

Social Media Marketing

Social media marketing is an addition to personal, small business, corporate, and non-profit organizations’ integrated marketing communications plans. Andreas Kaplan and Michael Haenlein define social media as “a group of Internet-based applications that build on the ideological and technological foundations of Web 2.0, and that allow the creation and exchange of user-generated content.” Integrated marketing communications is a multifaceted, orchestrated marketing and advertising practice organizations follow to connect with their target markets. Integrated marketing communications coordinates promotional elements: advertising, personal selling, public relations, publicity, direct marketing and sales promotion. Increasingly, viral marketing campaigns are also grouped into integrated marketing communications. In the traditional marketing communications model, the content, frequency, timing, and medium of communications by the organization is in collaboration with an external agent, i.e…


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Source: Social Media Marketing on Freebase, licensed under CC-BY
Wikipedia
Description generated from Wikipedia.org licensed under the CC-BY-SA License.

T

 

Traditional Media (or Old Media)

The Old Media or Legacy Media are traditional means of communication and expression that have existed since before the advent of the new medium of the Internet. Industries that are generally considered part of the old media and broadcast are cable television, radio, movie and music studios, newspapers, magazines, books and most print publications. It is inherent in the name New media that New Media will one day become part of Old Media.


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Source: Old media on Freebase, licensed under CC-BY
Wikipedia
Description generated from Wikipedia.org licensed under the CC-BY-SA License.

U

 

User Generated Content (UGC)

User generated content (UGC) covers a range of media content available in a range of modern communications technologies. It entered mainstream usage during 2005 having arisen in web publishing and new media content production circles. Its use for a wide range of applications, including problem processing, news, gossip and research, reflects the expansion of media production through new technologies that are accessible and affordable to the general public. All digital media technologies are included, such as question-answer databases, digital video, blogging, podcasting, forums, review-sites, social networking, mobile phone photography and wikis. In addition to these technologies, user generated content may also employ a combination of open source, free software, and flexible licensing or related agreements to further reduce the barriers to collaboration, skill-building and discovery. Sometimes UGC can constitute only a portion of a website. For example on Amazon.com the majority of…


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Source: User-generated content on Freebase, licensed under CC-BY
Wikipedia
Description generated from Wikipedia.org licensed under the CC-BY-SA License.

V

 

Value-Added Reseller (VAR)

A value-added reseller (VAR) is a company that adds features or services to an existing product, then resells it (usually to end-users) as an integrated product or complete “turn-key” solution. This practice occurs commonly in the electronics industry, where, for example, a VAR might bundle a software application with supplied hardware. The added value can come from professional services such as integrating, customizing, consulting, training and implementation. The value can also be added by developing a specific application for the product designed for the customer’s needs which is then resold as a new package.VARs incorporate platform software into their own software product packages. The term is often used in the computer industry, where a company purchases computer components and builds (for example) a fully operational personal-computer system usually customized for a specific task (such as non-linear video editing). By doing this, the company has added value above the cost of…


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Source: Value-added reseller on Freebase, licensed under CC-BY
Wikipedia
Description generated from Wikipedia.org licensed under the CC-BY-SA License.

W

 

Web Analytics

Web analytics is the measurement, collection, analysis and reporting of internet data for purposes of understanding and optimizing web usage. Web analytics is not just a tool for measuring website traffic but can be used as a tool for business research and market research. Web analytics applications can also help companies measure the results of traditional print advertising campaigns. It helps one to estimate how traffic to a website changes after the launch of a new advertising campaign. Web analytics provides information about the number of visitors to a website and the number of page views. It helps gauge traffic and popularity trends which is useful for market research. There are two categories of web analytics; off-site and on-site web analytics. Off-site web analytics refers to web measurement and analysis regardless of whether you own or maintain a website. It includes the measurement of a website’s potential audience (opportunity), share of voice (visibility), and buzz …


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Source: Web analytics on Freebase, licensed under CC-BY
Wikipedia
Description generated from Wikipedia.org licensed under the CC-BY-SA License.

X

Y

Z

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