Category: Definitions

Core competency is a term that refers to the capabilities, knowledge, skills and resources that constitute the defining strength of an organization or an individual12. Core...

Responsive design is a web design approach that uses flexible layouts to ensure that a website or app looks good and functions well on a...

Scalable means that something can be increased in size or volume without sacrificing its efficiency or effectiveness. In the context of business, scalability refers to...

Business-to-government (B2G) is a type of e-commerce that involves the sale of goods and services between businesses and government agencies. B2G transactions can take place...

Business-to-consumer (B2C) describes the sale of goods and services directly to consumers, rather than to businesses. B2C transactions can take place in a variety of...

Business-to-business (B2B) describes the sale of goods and services between businesses, rather than between businesses and consumers. B2B transactions can take place in a variety...

Research and development (R&D) is the process of creating new knowledge, products, services, or processes. It is a systematic approach to innovation that involves the...

A performance review is a formal assessment of an employee’s work performance, conducted by their manager. The purpose of a performance review is to provide...

A metric is a quantifiable measure that is used to track, compare, and assess performance or production. Metrics are used in a variety of scenarios,...

Key Performance Indicators (KPIs) are measurable values that organizations use to track their progress against their goals. KPIs can be used to measure a variety...

SWOT analysis is a strategic planning tool that identifies an organization’s Strengths, Weaknesses, Opportunities, and Threats. It is a structured planning method that helps organizations...

Benchmarking is the process of comparing your company’s performance to that of other companies in your industry. It can be used to identify areas where...