Efficient Allocation of Resources

What is the Efficient Allocation of Resources? Efficient allocation of resources is a characteristic that can be found in an efficient economy, where the optimal distribution meets the wants and needs of the society. Allocative efficiency aims to use resources so that...

Dispersion

Dispersion Dispersion refers to the spreading or scattering of something in various directions, typically involving the distribution of particles, waves, or data points. It is a fundamental concept in various fields, including physics, statistics, and optics, where it...

Countermeasure

What Is a Countermeasure? A countermeasure is a specific action, strategy, or precautionary step taken to prevent, mitigate, or respond to a problem, threat, risk, or undesired event. Countermeasures are employed in various contexts, including security, safety, risk...

Corporate Vision

What is Corporate Vision? Corporate vision refers to a long-term aspirational statement that outlines the fundamental purpose, values, and desired future state of a company. It serves as a guiding beacon for the organization, providing direction and motivation for...

Catch Ball

What is Hoshin Kanri Catchball? Hoshin Kanri Catch ball allows you to create and maintain open feedback loops at all levels in your organization by creating a two-way flow of information. Catchball’s original application is vertical, meaning the top management...