Glossary Terms

The limited period during which the fit between a firm and its external environment is optimal.

Making decisions based on past investments rather than current and future benefits.

ML with known input-output pairs.

Classification method.

A long-term advantage that cannot be easily duplicated or surpassed by rivals.

Collective behavior of decentralized systems.

Assessment tool to evaluate Strengths

Strategy in which the combined forces of a group are more efficient

Concept where the combined efforts of a group achieve more than the sum of their individual efforts.

Short term planning that bridges strategic vision and operational tasks.