What does RACIE mean in INTERNATIONAL BUSINESS
RACIE stands for Responsible, Accountable, Consulted, Informed, Endorsed; it is an acronym that is used to describe a system of approvals which certain documents must go through in order to be accepted.
RACIE meaning in International Business in Business
RACIE mostly used in an acronym International Business in Category Business that means Responsible, Accountable, Consulted, Informed, Endorsed referring to approval system of documents.
Shorthand: RACIE,
Full Form: Responsible, Accountable, Consulted, Informed, Endorsed referring to approval system of documents.
For more information of "Responsible, Accountable, Consulted, Informed, Endorsed referring to approval system of documents.", see the section below.
Essential Questions and Answers on Responsible, Accountable, Consulted, Informed, Endorsed referring to approval system of documents. in "BUSINESS»INTBUSINESS"
What does “responsible†mean in terms of the RACIE approval system?
When a document must go through the RACIE approval system, the person who is responsible will be expected to take lead on the document and ensure that it meets all necessary requirements and complies with any relevant regulations or policies.
What does “endorsed†mean in terms of the RACIE approval system?
When a document is endorsed it means that it has been approved by someone who is authorized to do so. Once it has received endorsements from all parties involved, the document can be accepted and put into action.
How many levels of approval are included in the RACIE approval system?
The number of levels of approval required depends on the type and importance of the document being approved. Generally speaking though, there should be at least three levels of approval needed for a document to receive full endorsement; these include Responsible, Accountable and Endorsed parties.
Final Words:
The RACIE system provides an effective way for documents to go through necessary approvals and receive full endorsement before they can be put into action. By requiring multiple levels of approval from Coordinators (Responsible), Decision Makers (Accountable) as well as Endorsers/Approvers (Endorsed), this system ensures that documents are scrutinized thoroughly before being accepted for implementation.