Tag: Sustainability
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Time Horizon
Time Horizon, a concept spanning various fields, refers to the duration over which decisions and investments remain relevant. It plays a crucial role in strategic planning, influencing risk management and long-term goal setting across different cultural and societal contexts.
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Stall Speed
In aviation, stall speed denotes the minimum speed at which an aircraft can maintain level flight. Below this speed, the wings fail to generate the necessary lift, leading to a descent. Grasping this concept is essential for pilots, directly influencing aircraft safety protocols and training.
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Institutional Entropy
Institutional entropy describes the gradual decline in organizational efficiency and purpose over time. Influenced by both internal structures and external forces, the concept highlights the inevitable challenges that institutions face in maintaining order and achieving objectives.