BSC and BPR describe different management approaches; MDM and KMS address different kinds of organizational information. Other words in old study lists name particular products or local programs. Their status needs checking before they become general-purpose vocabulary.
Core words
The diagram groups management methods, enterprise information practices, and legacy product or program labels.
| English term | Meaning and use |
|---|---|
BSC | Balanced Scorecard: a performance framework combining financial outcomes with customer, internal-process, and learning perspectives. |
BPR | Business Process Reengineering: analyzing and substantially redesigning workflows to achieve major business improvements. |
Six Sigma | A data-driven quality-improvement approach that reduces variation and defects through structured problem solving. |
5 Forces | Porter's framework for examining industry competition through rivals, new entrants, substitutes, suppliers, and buyers. |
7S | A framework examining strategy, structure, systems, shared values, style, staff, and skills together. |
Words to distinguish together
| English term | Meaning and use |
|---|---|
Community of Practice | People who share a professional concern and learn or improve practice through regular exchange. |
MDM | Master Data Management: maintaining consistent core business entities such as customers, products, and suppliers across systems. |
VRM | Vendor Relationship Management: an approach emphasizing an individual's control over information and preferences shared with vendors; distinct from CRM. |
Escrow Service | A trusted intermediary holds payment or another asset until agreed conditions between buyer and seller are met. |
Digital Prosumer | A consumer who also helps create, influence, or contribute digital content or products. |
Words encountered in code and operations
| English term | Meaning and use |
|---|---|
KMS | Knowledge Management System: tools and practices for capturing, finding, and sharing organizational know-how. |
MC-Finder/Malicious Code-Finder | A name associated with a specific Korean malicious-code detection tool; verify its current product status instead of treating it as a generic security term. |
Tvishing | A narrow term for phishing through a smart-TV context; begin with the broader phishing mechanism when explaining a threat. |
My-PIN | A Korea-specific identity-verification program name whose current legal and operational status should be checked in official guidance. |
Force Touch | Apple's product-feature name for pressure-sensitive input on certain devices; check device support rather than treating it as a universal interface standard. |
Reading these terms in context
A balanced scorecard measures performance from several perspectives; process reengineering redesigns work. Master data management aims for consistent core records; knowledge management helps people share organizational knowledge. A named tool or national identity program is narrower than any of those concepts.
The organization uses MDM for shared customer records and KMS for reusable expertise; the two systems solve different problems.
Key takeaways
Separate enduring concepts from historically or locally specific labels. Use BSC, BPR, MDM, and KMS with their defined business roles. Check current official information before relying on MC-Finder, My-PIN, or a device-specific Force Touch feature as if each were a universal technology.