Usually means: Efficient, disciplined management, minimal waste.
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We found 6 dictionaries that define the word tight ship:

General (5 matching dictionaries)
  1. tight ship: Merriam-Webster
  2. tight ship: Wiktionary
  3. tight ship: The Wordsmyth English Dictionary-Thesaurus
  4. tight ship: Dictionary.com
  5. tight ship: TheFreeDictionary.com

Business (1 matching dictionary)
  1. MoneyGlossary.com (No longer online)

Definitions from Wiktionary (tight ship)

noun:  (idiomatic) A well-organized and highly disciplined organization.

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