Renaissance for LEADERS

Peak Performance Resources for Leaders by Leaders

glossary (Page 1 of 2)

Tabula Rasa

1. A Latin phrase translated as “blank slate” or more literally as “erased slate” or Clean Slate. Originates from the Roman tabula that they used for notes. The slate started empty, upon which notes could be written, then erased to write again. 2.  The idea that people are born without built-in mental content and that therefore all knowledge comes from experience or perception. 3. Referenced in the writings of Greek philosopher Aristotle (384-322 BC.)

 

Tacit

1. Not spoken: indicated tacit approval by smiling and winking. 2. Implied by or inferred from actions or statements: Management has given its tacit approval to the plan.

Tacit Paradigm Saboteur

Someone who says nothing remains silent and does not express or declare openly, by implied consent to go ahead with and that it is ok to Sabotage. This person operates on “I won’t fix mine if you don’t fix yours”, “I won’t look if you don’t look”, “I won’t know if you don’t know”, “I won’t plan if you won’t plan”, “I won’t act if you won’t act”, “I won’t learn if you won’t learn”, “I won’t work hard if you don’t work hard.” Tacit realities are deadly and are never true, but appear to be true due to the unspoken, unexpressed agreements.

Taken Care Of

An unspoken goal of many people who do not want to work or give anything. They often do nothing and have someone else work to make money to pay their bills. They either marry a rich person, inherit money, or marry a workhorse and obligate them into the rat race while they retire and pretend to be busy.

Target

1. A clearly stated and specific ideal outcome (its quality attributes) of a system or process in written, visual or numeric form. 2. An objective or result aimed at.

Term

1. A word having a precise meaning. 2. Any word or phrase used in a definite or precise sense, esp in a specialized field of knowledge. 3. A limited period of time.

Thrive

1. To grow vigorously; flourish: Some plants thrive in dry conditions2. To be successful or make steady progress; prosper.

Time

1. A period or interval; duration; continuance. 2. The period between two events, or during which something happened, exists or acts. 3. A precise instant, second, minute, hour, day, week, month, or year, determined by clock or calendar. 4. The point at which something has happened is happening or will happen.

Time Poverty

The state or condition of having limited actual or perceived discretionary time. This may include being money-rich, time-poor, or money-poor, time-poor. The time-is-money attitude values money over other less “productive” or aesthetic aspects of life. A society that values work, efficiency, business, money, and materialism can develop high levels of material wealth at the expense of happiness, creativity, philosophy, spirituality and relationships. Overscheduled and overworked is a classic symptom of low-quality time as well as a person’s inability to take vacations, enjoy leisure time, waste time, or relax. You could say they are wound up like a clock!

Time Value of Money

The value of money with a given amount of interest earned or inflation accrued over a specific amount of time. This is the central concept in finance theory, which suggests that a certain amount of money today, has a different value, or buying power than the same amount of money in the future. This principle is twofold; there is an opportunity to earn interest on the money and because inflation will cause prices to go up, thus changing the “value” of the money.

There are four primary reasons money has time value:

  1. Risk and Uncertainty: The future is always uncertain and therefore risky. Outflows of cash are in our control as payments have to be made by us. On the other hand, there is no certainty of future cash inflows, therefore the preference is for receiving cash now.
  2. Inflation: In inflationary economies, money that is received today has more purchasing power than money to be received at a future date. In other words, a dollar today represents a greater real purchasing power than a dollar a year’s time.
  3. Consumption: Most people prefer consumption today over future consumption.
  4. Investment Opportunity: An investor can profitably employ money received today in order to receive a higher value tomorrow.

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