Digital Transformation

• Glossary

Glossary

business model

A plan for the successful operation of a business, identifying sources of revenue, the intended customer base, products, and details of financing.

business strategy

In essence, a business strategy is an organizational master plan. This plan is what the management of a company develops and implements to achieve their strategic goals. Essentially, a business plan is a long-term sketch of the desired strategic destination for a company.

Strategic goals

Strategic goals are the specific financial and non-financial objectives and results a company aims to achieve over a specific period of time, usually the next three to five years.

VUCA

Volatike, Uncertain, Complex, Ambigious.