Today's buzz words are People, Process, and Technology. To reach business goals, each must be addressed and each must be appropriate. So, what does that mean? And, how do the puzzle pieces fit together?

This thing called Technology

Technology consists of hardware and software. The wrong technology decision has the boomerang effect of adding stress to the process and people components.

I got training in SAP Enterprise Resource Planning (ERP) system years ago when it was on a mainframe platform - version R/2. At that time the Germans who came to the US to teach, emphasized that the name was "S, A, P". They were aware of the negative connotations of the word sap in the United States.

The Players
The letters S, A, P stand for some German words.

According to macroeconomics, a recession in the United States economy is defined as two consecutive quarterly declines in GDP (Gross Domestic Product). The GDP is a dollar value that is representative of all the goods and services produced for a given period of time. Its purpose is to indicate the financial strength and health of the country.

US Fourth Quarter 2007:
Financial industry profits fell $104.