Archive for the 'Word of the fortnight' Category

Drop Dead Date

Wednesday, January 23rd, 2008

The drop dead date is the absolute deadline by which a task must be completed.
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Onboarding

Friday, December 21st, 2007

Onboarding is the term commonly used to describe the process of interviewing, hiring and successfully integrating new employees into an organisation.

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Core Competencies

Wednesday, December 19th, 2007

A company’s core competency is its core activity.
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Future Proofing

Wednesday, December 19th, 2007

Future proofing is the anticipation of future events in business.

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Mission Statement

Thursday, December 13th, 2007

Walt Disney’s ‘to make people happy’ is an example of a mission statement.

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Clicks and Bricks

Tuesday, June 19th, 2007

Clicks and Bricks is a business strategy that combines traditional retail outlets with online commerce. Also known as ‘Clicks and Mortar’ (Clicks for the internet, Mortar for the building itself), a good example of this concept is online shopping, which allows well established businesses such as supermarkets to sell their products in the evolving marketplace. (more…)

FIFO

Tuesday, June 12th, 2007

This business acronym stands for ‘First In, First Out’ and works on the concept of ‘First Come, First Served.’ This method of stock control assures that the first stock of a product is used or sold before more recently produced or acquired goods.
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Wild ducks

Friday, June 1st, 2007

Wild ducks is a term coined by IBM founder Thomas Watson and refers to the need for fresh blood within an organisation.
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Kaizen

Friday, June 1st, 2007

The term kaizen originated in Japan and means gradual, ordered and continuous improvement. (more…)

stickiness

Friday, May 4th, 2007

A measure used to gauge the effectiveness of a website in retaining individual users. Every company wants their website to have a high stickiness factor.

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