Time value of money

The time value of money (TVM) is the concept that money today is worth more than money in the future. This is because money today can be invested and earn interest, whereas money in the future cannot. The time value of money is used in many financial calculations, such as the present value of an … Read more

Categories ERP

Reputation risk

Reputation risk is the possibility of a company’s reputation being harmed due to its actions or the actions of its employees. This type of risk can lead to a loss of customers, revenue, and market share. It can also damage a company’s relationships with its suppliers, partners, and investors. Is reputation a risk or impact? … Read more

Categories ERP

Zero-sum game

In game theory and economic theory, a zero-sum game is a game in which each participant’s gain or loss of utility is exactly balanced by the losses or gains of the utility of the other participants. In other words, if there are two participants in the game, and one gains utility, the other loses utility … Read more

Categories ERP

Red herring

A “red herring” is a term used to describe a distractor or false lead in an argument or debate. The term is derived from the practice of using a smoked herring to distract a hunting dog from its prey. In debate, a red herring is an argument or piece of information that is not relevant … Read more

Categories ERP

Social entrepreneur

A social entrepreneur is an individual who pursues an entrepreneurial venture with the goal of achieving social and/or environmental change. Social entrepreneurs are typically motivated by a desire to solve a social or environmental problem and they use entrepreneurial principles to launch and grow their ventures. Social entrepreneurship is a relatively new field, and as … Read more

Categories ERP

Profit margin

Profit margins represent the percentage of revenue that a company keeps as profit after accounting for all expenses. A company’s profit margin is a measure of its pricing strategy and overall efficiency. There are two key types of profit margins: gross profit margin and operating profit margin. Gross profit margin is the percentage of revenue … Read more

Categories ERP

Third party

An enterprise resource planning (ERP) system is a software application that helps businesses manage their core operations, such as accounting, human resources, and customer relationship management (CRM). ERP systems are usually designed for large organizations and can be complex to implement and maintain. Third-party ERP software vendors are companies that provide ERP software and services … Read more

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T-shaped employee

A T-shaped employee is an individual with a deep understanding of one particular area or discipline, as well as a broad understanding of a range of other disciplines. This type of employee is often seen as being more well-rounded and versatile than those with a more narrowly focused skillset. The term “T-shaped employee” is often … Read more

Categories ERP

Buzzword bingo

Buzzword bingo is a game in which participants try to spot buzzwords and jargon being used by speakers and then mark them off on a bingo card. The game is often played at conferences or other events where jargon is likely to be used. How do you play a bingo at a meeting? To play … Read more

Categories ERP

B2B2C (business-to-business-to-consumer)

The term “B2B2C (business-to-business-to-consumer)” refers to a type of business model in which a company provides goods or services to another business, which in turn sells those goods or services to consumers. This type of business model is often used by companies that sell products or services that require a certain level of expertise or … Read more

Categories ERP