iterative-process

Vocabulary Word

Definition
An 'iterative process' is a method of accomplishing something that involves making a series of small changes or adjustments again and again until you arrive at the final outcome. It's like painting a picture—first you sketch, then you add color, then you refine, and so on.
Examples in Different Contexts
In business strategy, the 'iterative-process' can be seen in product development, where products are tested, refined, and tested again. A CEO might comment, 'Our iterative approach ensures our products always meet market demands.'
Practice Scenarios
Impact

Scenario:

Our new traffic policies are still resulting in congestion. Perhaps a reassessment is in order.

Response:

Yes, policy improvements are an iterative process. Let's reassess the traffic regulations and adjust accordingly.

Business

Scenario:

Evidently, our last marketing campaign didn't generate as many leads as we anticipated. It seems we need to reexamine our approach.

Response:

Indeed, we should use an iterative process to improve our marketing strategy based on customer response.

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