InfiniteBizComLab® – The Wealthcare Center

Dictionary

  • Happiness

    States associated with happiness -being, delight, health, safety, contentment, and love. Contrasting states include suffering, depression, grief, anxiety, and pain. Happiness is often associated with the presence of favorable circumstances such as a supportive family life, a loving marriage, and economic stability. Unfavorable circumstances, such as abusive relationships, accidents, loss of employment, and conflicts, diminish the amount of happiness a person experiences. However, according to several ancient and modern thinkers, happiness is influenced by the attitude and perspective taken on such circumstances.

    There is a recent trend in economics which relates happiness to economic performance and vice-versa. Some studies suggest that happiness is already an economic indicator or at least can be approximately measured. New economic concepts could now be measured such as the Gross national happiness and the Happy Planet Index. Happy Life Years, a concept brought by Dutch sociologist Ruut Veenhoven is one of the concepts set to measure well-being combining subjective data (subjective life satisfaction, measured on a scale of 0 to 10) with objective data (life expectancy). New Economics Foundation, a British think-tank used this concept to measure the "Happy Planet Index".

  • Innovation

    The classic definitions of innovation include:
    a) the process of making improvements by introducing something new
    b) the act of introducing something new: something newly introduced (The American Heritage Dictionary)
    c) the introduction of something new. (Merriam-Webster Online)
    d) a new idea, method or device. (Merriam-Webster Online)
    e) the successful exploitation of new ideas (Dept of Trade and Industry, UK)
    f) change that creates a new dimension of performance, (Peter Drucker, Hesselbein, 2002)

    In economics, business and government policy, - something new - must be substantially different, not an insignificant change. In economics the change must increase value, customer value, or producer value. Innovations are intended to make someone better off, and the succession of many innovations grows the whole economy.

    The term innovation may refer to both radical and incremental changes to products, processes or services. The often unspoken goal of innovation is to solve a problem. Innovation is an important topic in the study of economics, business, technology, sociology, and engineering. Since innovation is also considered a major driver of the economy, the factors that lead to innovation are also considered to be critical to policy makers.

    In the organisational context, innovation may be linked to performance and growth through improvements in efficiency, productivity, quality, competitive positioning, market share, etc. All organisations can innovate, including for example hospitals, universities, and local governments.

    While innovation typically adds value, innovation may also have a negative or destructive effect as new developments clear away or change old organisational forms and practices. Organisations that do not innovate effectively may be destroyed by those that do.

  • IQ - EQ - SQ

    IQ - Rational intelligence; It helps us to solve logical problems; How we think?

    EQ - Emotional intelligence; Our ability to understand and feel for other people, our ability to read other people’s emotions or to read the social situations we are in, and to behave or respond appropriately; What I feel?

    SQ - Spiritual Intelligence; With SQ we access our deepest meanings, values, purposes, and highest motivations; Who I am?

  • Chaos theory

    In mathematics and physics, chaos theory describes the behavior of certain nonlinear dynamical systems that under certain conditions exhibit a phenomenon known as chaos. Among the characteristics of chaotic systems, described below, is the sensitivity to initial conditions (popularly referred to as the butterfly effect). Because of this sensitivity, the behavior of systems that exhibit chaos appears to be random, exhibiting exponential error dispersion, even though the system is deterministic in the sense that it is well defined and contains no random parameters. Examples of such systems include the atmosphere, the solar system, plate tectonics, turbulent fluids, economics, population growth and the vast variety of dissipative structures.

  • Complex adaptive systems

    are special cases of complex systems. They are complex in that they are diverse and made up of multiple interconnected elements and adaptive in that they have the capacity to change and learn from experience. The term complex adaptive systems were coined at the interdisciplinary Santa Fe Institute (SFI), by John H. Holland, Murray Gell-Mann and others. Examples of complex adaptive systems include the stock market, social insect and ant colonies, the biosphere and the ecosystem, the brain and the immune system, the cell and the developing embryo, manufacturing businesses and any human social group-based endeavour in a cultural and social system such as political parties or communities. (There are close relationships between the field of CAS and artificial life. In both areas, the principles emergence and self-organization are very important).

  • Complexity science

    is often used to describe the loosely organized academic field that has grown up around the study of such systems. Complexity science is not a single theory— it encompasses more than one theoretical framework and is highly interdisciplinary, seeking the answers to some fundamental questions about living, adaptable, changeable systems.

  • Simplicity

    is the property, condition, or quality of being simple or un-combined. It often denotes beauty, purity or clarity. Simple things are usually easier to explain and understand than complicated ones. Simplicity can mean freedom from hardship, effort or confusion. It may also refer to a simple living lifestyle. According to Occam's razor, all other things being equal, the simplest theory is the most likely to be true — hence the importance of the concept of simplicity in epistemology.

    “Simplicity means the achievement of maximum effect with minimum means.” — Koichi Kawana, architect of botanical gardens

    “Things should be made as simple as possible, but not simpler.” — Albert Einstein

    “You can always recognize truth by its beauty and simplicity.”— Richard Feynman

    “Simplicity is the ultimate sophistication.” — Leonardo da Vinci (1452–1519)

    “Simplicity of character is the natural result of profound thought.” — Unknown

  • Phenotype

    of an individual organism is either its total physical appearance and constitution or a specific manifestation of a trait, such as size, eye color, or behavior that varies between individuals. Phenotype is determined to a large extent by genotype, or by the identity of the alleles that an individual carries at one or more positions on the chromosomes. Many phenotypes are determined by multiple genes and influenced by environmental factors. Thus, the identity of one or a few known alleles does not always enable prediction of the phenotype.

    When we speak about brand phenotype, we speak about image.

    genotype + environment + random-variation = phenotype

  • Genotype

    is the specific genetic substance of an individual, in the form of DNA. Together with the environmental variation that influences the individual, it codes for the phenotype of that individual.

    When we speak about brand genotype, we think about identity.

  • Play

    if we want to survive, we have to work, if we want to live, we have to play. We are all hard workers and you know it. However, tomorrow winners have to be players. If you do not believe us, search what Tom Peters or Daniel Pink think about this. Or, see what Pat Kane said: “Play will be to the 21st century what work was to the last three hundred years of industrial society – our dominant way of knowing, doing and creating value.” Or, think about Ronaldhino.

  • Intuition

    In psychology, intuition can encompass the ability to know valid solutions to problems and decision-making. For example, the Recognition Primed Decision (RPD) model was described by Gary Klein in order to explain how people can make relatively fast decisions without having to compare options. Klein found that under time pressure, high stakes and changing parameters, experts used their base of experience to identify similar situations and intuitively choose feasible solutions.

    As Malcolm Gladwell shows us, decisions made very quickly can be every bit as good as decisions made cautiously and deliberately.

    Further, one of his tasks was to convince us that our snap judgments and first impressions could be educated and controlled.

    Intuition is sometimes popularly thought of as the sixth sense. Apparently, there are many unconscious processes occurring within a person and when those unconscious signals become strong enough, a conscious thought is experienced. For example, a person might be walking in a dark alley and suddenly, he gets the feeling that something is wrong. His intuition has become strong enough to warn him about the possible danger. The information that contributes to the intuition comes from different hardly noticeable observations about the environment that a person does not consciously register.

  • Holism

    (from ὅλος holos, a Greek word meaning all, entire, total) is the idea that all the properties of a given system (biological, chemical, social, economic, mental, linguistic, etc.) cannot be determined or explained by the sum of its component parts alone. Instead, the system as a whole determines in an important way how the parts behave.

    The general principle of holism was concisely summarized by Aristotle in the Metaphysics: "The whole is more than the sum of its parts".

  • Network theory

    is a subject within applied mathematics and physics, and coincides with graph theory. It has application in a varied range of disciplines including computer science, biology, economics, and sociology. Network theory concerns itself with the study of graphs as a representation of either symmetric relations or, more generally, of asymmetric relations between discrete objects. Typically, the graphs of concern in network theory are complex networks, examples of which include the World Wide Web, the Internet, gene regulatory networks, metabolic networks, social networks, epistemological networks, etc. See list of network theory topics for the scope of the area.

  • Information – Story – Concept

    there was a time when information (argument) was sufficient to satisfy our needs. However, today in a life full of data and facts we noticed that something really attracts our attention is a stories and their emotional impact. Future winners will be those who will know to put stories in concept, to combine seemingly unrelated ideas into something new, to create memorable experience and to fulfill our need for meaning and purpose.

  • L-Directed thinking and R-Directed thinking

    Although our left and right brain hemispheres do not operate as on-off switches, neuroscientists agree that they take significantly different approaches to guiding our actions, understanding the world, and reacting to events. Researches clearly show that there are four key differences.

    Left hemisphere controls the right side of the body; it is sequential, specializes in text and analyzes the details. Right hemisphere controls the left side of the body; it is simultaneous, specializes in context and synthesizes the big picture.

  • Sustainability

    is an attempt to provide the best outcomes for the human and natural environments both now and in the indefinite future. It relates to the continuity of economic, social, institutional and environmental aspects of human society, as well as the non-human environment. It is intended to be a means of configuring civilization and human activity so that society, its members and its economies are able to meet their needs and express their greatest potential in the present, while preserving biodiversity and natural ecosystems, and planning and acting for the ability to maintain these ideals in a very long term. Sustainability affects every level of organization, from the local neighborhood to the entire planet.

  • Wealth

    We believe that wealth is more than just the explanation that can be found in other dictionaries. We believe that wealth is more than just a “large quantity or store of money or material goods”. Apart from that wealth also means our social network, relationships within our families, relationships with our friends and colleagues, it also means books that we read, movies we see, music we listen. It means high level of capability to generate positive emotions and to feel happy and above all wealth also represents our deepest meanings, our primary values, our highest motivations and our ability to balance everything mentioned in our lives and work. That is why we named our InfiniteBizComLab The Wealthcare Center.
environment www.economist.com

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