Conversational commerce is a term coined by Uber’s Chris Messina in a 2015 piece published on Medium. It refers to the intersection of messaging apps and shopping.Start your online business today. For free.Start free trial What is conversational commerce? Conversational commerce refers to the use...
Mara:Agile is an approach to software development. The term "Agile" was coined in 2001 in theAgile Manifesto. The manifesto established some guiding principles for a better approach to software development. The manifesto says: We value: Individuals and interactions over processes and tools. Working...
In the realm of science and philosophy, new concepts may emerge from research and intellectual exploration long before a specific term is coined to describe them. This process reflects the dynamic nature of knowledge and language, where concepts evolve and expand, necessitating the adaptation or ...
Blitzscaling Blitzscaling is a term coined by Reid Hoffman, co-founder of LinkedIn and venture capitalist, to describe a rapid growth strategy employed by startups aiming to quickly dominate their markets. It involves prioritizing speed and scale over efficiency and often requires substantial financial...
Situational awareness is a term coined by the United States Air Force in the 1980s. It mainly covered analyzing the air combat environment information, analyzing the current and future situations, and ultimately making corresponding judgments and decisions. Through continuous development and improvement,...
The reality is that many bottles at those big dinners full of “heavy lumber” wines were nothing more than featherweight, styrofoam counterfeits. “Heavy lumber” is a term coined by the group that closely surrounded Kurniawan. They held extravagant dinners where pornographic quantities of "great...
What is Crowdsourcing? Crowdsourcing, a term coined by Jeff Howe in 2006, blends “crowd” and “outsourcing” to describe how businesses tap into a large community for services or ideas, rather than relying on traditional service providers. Thecrowdsourcing definitionencompasses the idea of leveragin...
Shadow banking — a termcoined in the U.S. in 2007— refers to financial services offered outside the formal banking system, which is highly regulated. In contrast, shadow bank institutions can lend money to more entities with greater ease, but those loans aren't backstopped in the same wa...
"White-collar crime" is a term first coined by sociologist Edwin Sutherland in 1939 who defined it as a crime committed by a person of respectability and high social status during his occupation. White-collar workers historically held non-laboring office positions while blue-collar workers tradition...
Creative destructionis a term coined by the economistJoseph Schumpeterand is an example of intertemporal equilibrium. Creative destruction occurs, for example, when inefficient firms go out of business. The immediate result is job losses and falling output. However, the failure of firms frees up res...