G-Metrix Domain 1 Part 2 Vocabulary

Empathize Stage

• The final stage in design thinking focused on testing solutions.

• The first stage in design thinking where the focus is on understanding the user's needs and experiences.

• A stage in design thinking that emphasizes brainstorming and idea generation.

• The stage in design thinking where prototypes are developed and refined.

Hourly

• A type of wage payment where employees are paid a fixed rate for each hour worked.

• A payment method based on the total sales made by an employee.

• A fixed salary paid to employees regardless of hours worked.

• A type of bonus given for overtime work.

Salary

• A type of bonus given to employees for exceptional performance.

• A fixed regular payment, typically paid on a monthly or biweekly basis but often expressed as an annual sum, made by an employer to an employee.

• A one-time payment made to employees upon completion of a project.

• A payment made to employees based on the number of hours worked.

Define Stage

• The stage in design thinking where the problem is clearly articulated based on insights gathered during the empathize stage.

• The stage in design thinking where ideas are generated without constraints.

• The stage in design thinking where prototypes are tested and refined.

• The stage in design thinking where user feedback is collected to understand needs.

Existence Stage

• The phase where a business focuses on scaling operations and maximizing profits.

• The initial phase of a business where the main focus is on obtaining customers and delivering the product or service.

• The stage where a business is preparing for an initial public offering (IPO).

• The period when a business is closing down and liquidating its assets.

Commission

• A fixed salary paid to employees regardless of sales.

• A form of compensation where employees earn a percentage of the sales they make.

• A bonus given to employees for exceptional performance.

• A type of tax deducted from employee salaries.

Resource Maturity Stage

• The stage where a business is just starting out and establishing its brand.

• The stage where a business has a well-established market presence and focuses on efficiency and innovation.

• The stage where a business is experiencing rapid growth and expansion.

• The stage where a business is facing significant challenges and potential decline.

Exit Plan Stage

• The phase in a business lifecycle where strategies are developed for the owner to exit the business, often through sale or succession.

• The initial phase of a business where the idea is developed and tested.

• The stage where a business focuses on growth and expansion into new markets.

• The final phase of a business where it is liquidated and assets are sold.

Design Thinking

• A method for creating artistic designs.

• A problem-solving approach that involves understanding user needs, challenging assumptions, and redefining problems to identify alternative strategies and solutions.

• A technique for improving physical products through engineering.

• A strategy for marketing products to consumers.

Take-Off Stage

• A phase in business development where the company experiences rapid growth and expansion.

• A period of initial planning and market research.

• A time when a company is facing financial difficulties.

• A stage where a company is preparing to close its operations.