process
Definition
Sequence of interdependent and linked procedures which, at every stage, consume one or more resources (employee time, energy, machines, money) to convert inputs (data, material, parts, etc.) into outputs. These outputs then serve as inputs for the next stage until a known goal or end result is reached.
Featured Tip
Don't think about a potential venture just in terms of the time commitment, the cost, the probability of success etc. but also think about whether you will have fun doing it. You can't do something for too long exceptionally well without having fun in the process because if you don't enjoy it, you won't be intrinsically inclined to go the extra mile.
Additional Tip(s)
News containing the term process
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