Category: Definitions

Most common business terminologies

Talent management

Talent management is a strategic approach to attracting, developing, and retaining the best talent for an organization. It involves a variety of activities, such as:...

Diversity and inclusion

Diversity and inclusion are two important concepts that are often used interchangeably, but they have distinct meanings. Diversity refers to the variety of people in...

Workforce

A workforce is a group of people who work together to achieve a common goal. The workforce of the future will be different from the...

Robotics

Robotics is an interdisciplinary branch of computer science and engineering. Robotics involves the design, construction, operation, and use of robots. The goal of robotics is...

Internet of Things (IoT)

The Internet of Things (IoT) is a term that describes the network of physical objects that are embedded with sensors, software, and other technologies that...

Artificial intelligence (AI)

Artificial intelligence (AI) is a branch of computer science that deals with the creation of intelligent agents, which are systems that can reason, learn, and...

Technology

Technology is a term that refers to the application of scientific knowledge to the practical aims of human life or, as it is sometimes phrased,...

Mission statement

A mission statement is a short, concise statement that describes the purpose of a company. It should be clear, memorable, and easy to understand. A...

Growth strategy

There are many different types of growth strategies that a business can use to grow its revenue and market share. Some common growth strategies include:...

Business model

A business model is a framework for how your company creates, delivers, and captures value. It describes the way your company makes money. There are...

Competitive analysis

Competitive analysis is the process of gathering and analyzing information about your competitors in order to identify their strengths and weaknesses, as well as their...

Strategy

A strategy is a plan of action designed to achieve a specific goal. In business, a strategy is used to guide the company’s decision-making and...