This is the third in a series of four articles presenting a suggested glossary of business intelligence terms. Once again, I am soliciting comments or further contributions to produce a more comprehensive and widely acceptable glossary.
Joint ventures involve two or more autonomous enterprises in operations or projects that constitute some form of partnership of a speculative or commercial nature.
Key success factors see Critical success factors
Know-how consists of accumulated practical skills (explicit knowledge) that permit tasks to be performed effectively.
Knowledge-based industries is a term used to describe a broad spectrum of enterprises that are involved with advanced technologies and are concerned with the application of recent developments in many fields, including: advanced materials, biochemistry, biotechnology, burotics, information technology, instrumentation, mechatronics, medicine, microelectronics, microprocessors, and optics.
Knowledge engineering involves the planning, design, development, construction, and management of expert systems. Knowledge-intensive industries are those industries calling for high intellectual input; they include information technology, pharmaceuticals, medical and scientific instruments, machine tools, automotive, and shipbuilding.
Knowledge management is the process of identifying, collecting, storing, retrieving, and transforming information and intellectual assets into knowledge that is readily accessible to improve the performance of the organization. It also implies the creation of a culture and information structure that promotes sharing and learning. Knowledge is primarily embodied in people, both within and external to the organization. Knowledge management systems normally incorporate only tacit knowledge.
Lateral thinking refers to a system that aims to escape from habitual mind patterns. Techniques include deliberate and provocative challenging of preconceptions, and rejection of yes/no thinking.