Definition
The GE-McKinsey matrix is a strategic tool that is utilized for multi business corporations to prioritize its’ investment along its various business units. It consists of a Matrix of nine boxes that offers a systematic method for a decentralized corporations to conclude where they want to best invest their cash.
Further Reading
Definition
In a Joint Development Model, end-users, executives and developers, all participate in the design and development of an application. This happens through a series of collaborative workshops that focus on business problems, rather than technical details. It’s helpful in keeping down the costly, downstream requirement changes ,and leads to shorter development times and greater client satisfaction.
Further Reading
For more on Joint Development, read this and this.
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