running

/ˈrʌnɪŋ/ noun [U]

Definition

› the activity of managing the operation of something: the running of sth Our company places value on things that go beyond the running of the business. She is in charge of the day-to-day running of the department.

in the running (for sth) › being considered as one of the possible choices for something: The land is one of six sites nationally in the running for the $11.5 million project. A new CEO will be hired, and Martyn is one of several executives in the running.

(Definition of running noun from the Cambridge Business English Dictionary © Cambridge University Press)