詞彙表
Corporation Innovation Index Questionnaire 2022
Glossary of Terms
Definition
No. |
Term |
Definition |
|
| 1 | Mission, Vision, and Purpose | Purpose keeps you focused on why your company exists, vision aligns you with your company’s goal, and mission empowers you with the knowledge of how your company will accomplish its goal. | |
| 2 | Global compliances | Global compliance refers to compliance with all the international laws and rules, as well as the local laws and rules, in every country in which you operate. | |
| 3 | Data Driven | Strategic decisions made by a company, based on data analysis and interpretations. In particular, data driven members of a company are numerically literate, and can interpret, tell the story, communicate the results, and trigger action based on data. | |
| 4 | Reverse Mentoring | In reverse mentoring, a junior team member enters into a “professional friendship” with someone more senior, and they exchange skills, knowledge, and understanding. | |
| 5 | Mega Trends | Megatrends are the driving forces that define the world today and that of tomorrow. In other words, they are what we know about a likely future. Megatrends are characterised by being far-reaching, global patterns related to behaviour, mobility, and environment. | |
| 6 | Early adopter | An Individual or business who uses a new product, innovation, or service before others. This applies to approximately the first 16% who adopt the innovation. | |
| 7 | Early majority | Individuals or businesses who are likely to adopt an innovation after the early adopter and just before the average person, around the next 34% following the early adopter. | |
| 8 | Proof of Concept | A Proof of Concept (POC) is used to validate the feasibility of a new way of doing things, either to solve existing problems or to execute new strategies. | |
| 9 | Key performance indicator | Key performance indicators (KPIs) refers to a set of quantifiable measurements used to gauge a company’s overall long-term performance. KPIs specifically help a company to determine its strategic, financial, and operational achievements, especially compared to those of other businesses within the same sector. | |
| 10 | Product life cycle | A product life cycle is the amount of time a product goes from being introduced into the market until it is taken off the shelves. There are four stages in a product's life cycle—introduction, growth, maturity, and decline. The concept of the product life cycle helps inform business decision-making, from pricing and promotion to expansion or cost-cutting. | |
CONTACT US
Phone: (852) 3943 8772
Email: apib@cuhk.edu.hk
Disclaimer: Any opinions, findings, conclusions, or recommendations expressed in this material / event (or by members of the project team) do not reflect the views of the Government of the Hong Kong Special Administrative Region, the Innovation and Technology Commission, or the General Support Programme Vetting Committee of the Innovation and Technology Fund.
企業創新指數問卷調查 2022
詞彙表
Definition
聯絡我們
電話: (852) 3943 8772
電郵: apib@cuhk.edu.hk
Disclaimer: Any opinions, findings, conclusions, or recommendations expressed in this material / event (or by members of the project team) do not reflect the views of the Government of the Hong Kong Special Administrative Region, the Innovation and Technology Commission, or the General Support Programme Vetting Committee of the Innovation and Technology Fund.