- integration
- integration in‧te‧gra‧tion [ˌɪntˈgreɪʆn] noun [uncountable]1. the combining of two or more organizations, activities etc so that they become more effective, make better profits etc:
• The important achievement of the European Union is economic integration, but political integration is doubtful.
2. ECONOMICS when a company obtains control of its suppliers, customers, or competitors, resulting in fewer companies in an industry:• Following the merger, further integration of the European packaging industry is inevitable.
ˌbackward inteˈgration ECONOMICSwhen a company obtains control of its suppliers, or starts performing the same business activities as them:• Horizon Tours are taking backward integration even further by not only operating their own airline but also developing hotels in the Mediterranean.
ˌforward inteˈgration ECONOMICSwhen a company obtains control of its customers, or starts performing the same business activities as them:• Television is booming in India, and there is potential for forward integration by film companies.
horiˌzontal inteˈgration ECONOMICSwhen a company obtains control of its competitors:• The Federal Communications Commission will rule soon on horizontal integration by cable TV operators.
ˌvertical inteˈgration ECONOMICSwhen a company controls all the different stages in making and selling a particular product:• Critics say the company's vertical integration gives it an unfair advantage.
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integration UK US /ˌɪntɪˈgreɪʃən/ noun [U]► the process of combining two or more things into one: integration across sth »We need to reduce the differences between local units, with the aim of greater integration across markets.
integration between sth and sth »How can we achieve a higher level of integration between our company and our supply-chain partners?
integration into sth »The book examines China's integration into the global economy.
integration (of sth) with sth »One of the company's weaknesses is poor integration of business processes with information systems.
close/smooth/total integration »The new database will mean smoother integration with suppliers.
► the process of becoming part of a group of people: integration (of sb) into sth »The purpose of the induction program is to encourage the integration of new staff into the team.
integration with sth »The manager assesses other aspects of a new employee's development, such as social integration with colleagues.
→ See also BACKWARD INTEGRATION(Cf. ↑backward integration), COMPUTER TELEPHONY INTEGRATION(Cf. ↑computer telephony integration), DATA INTEGRATION(Cf. ↑data integration), ECONOMIC INTEGRATION(Cf. ↑economic integration), ENTERPRISE APPLICATION INTEGRATION(Cf. ↑Enterprise Application Integration), FORWARD INTEGRATION(Cf. ↑forward integration), GLOBAL INTEGRATION(Cf. ↑global integration), HORIZONTAL INTEGRATION STRATEGY(Cf. ↑horizontal integration strategy), HR INTEGRATION(Cf. ↑HR integration), KNOWLEDGE INTEGRATION(Cf. ↑knowledge integration), HORIZONTAL INTEGRATION(Cf. ↑horizontal integration), MARKET INTEGRATION(Cf. ↑market integration), VERTICAL INTEGRATION(Cf. ↑vertical integration), VERTICAL INTEGRATION STRATEGY(Cf. ↑vertical integration strategy)
Financial and business terms. 2012.