shared service
shared service noun: an internal business organization providing support services that are shared between multiple business units or functions.
Noun
shared service (plural shared services)
- An internal business organization providing support services that are shared between multiple business units or functions.
- A virtual or physical team whose process expertise is shared across multiple business units or functions (rather than duplicating staff in each business unit) to execute business processes, in a consistent manner, for optimal resource efficiency, cost and service performance.
Forms of shared service
| plural | shared services |
|---|
Origin of shared service
Attributed to Greg Hackett of The Hackett Group.
Questions about shared service
- What does shared service mean?
- Shared service means an internal business organization providing support services that are shared between multiple business units or functions.
- What part of speech is shared service?
- Shared service is a noun.
- What is the plural of shared service?
- The plural of shared service is shared services.
Words near shared service in the dictionary
Source and license
Adapted from Wiktionary: shared service (page history and authors). Text available under the Creative Commons Attribution-ShareAlike 4.0 license. Word.ws reformatted the entry and added links. Wiktionary data of 2026-09-02.
Last updated:
Cite this entry: “shared service.” Word.ws, https://word.ws/shared_service. Based on Wiktionary, CC BY-SA 4.0.
