The Business Professor
Performance Prism
What is the Performance Prism? Breakthrough measurement techniques for achieving breakthrough business results! Measuring "all" the relationships that matter: with customers, investors, employees, suppliers, alliances, regulators, and...
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Pondy's Model of Organizational Conflict
What is Pondy's Model of Organizational Conflict? Pondy's model of organizational conflict was formulated in 1967, defining the conflict process as a dynamic among individuals, and is made up of five stages of conflict: latent stage,...
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Strategy - Explained
Strategy is a plan of actions that fit together to reach a clear destination. That destination is dictated by a set of decisions that sets the organization apart from its competitors, derives from the organization's unique...
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Steps in Developing an Operational Plan
What are the Steps in Developing an Operational Plan? Operations plans are extremely specific, detailed documents that clearly define how a department or team can contribute to reaching specific company goals. They typically outline the...
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Stages of Strategic Planning
What are the 7 stages of the strategic planning process?
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Servant Leadership
The servant leadership style is based on the idea that leaders prioritize serving the greater good. Leaders with this style serve their team and organization first. They don't prioritize their own objectives. Employees in a servant...
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Responsibility Centers - Decentralization
Decentralization allows for managerial autonomy in decision making. Responsibility centers are autonomous within the organization. They require a decentralized approach to management accountability and performance.
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Understanding the Leading Function of Management
This video discusses the leading function of management within the POLC model, which stands for planning, organizing, leading, and controlling. They emphasize that leadership theory involves understanding individual motivations and what...
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Vision Statement in a Business Plan
What is the Vision Statement in a Business Plan? A vision statement is a written declaration clarifying your business's meaning and purpose for stakeholders, especially employees. It describes the desired long-term results of your...
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The Balanced Scorecard
What is the Balanced Scorecared Approach? A balanced scorecard is a strategic management performance metric that helps companies identify and improve their internal operations to help their external outcomes. It measures past performance...
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Team Negotiation Process
One effective negotiation strategy is to understand the other party's interests and needs. Team leaders should encourage their members to listen carefully to the other party and ask open-ended questions to gain a better understanding of...
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Chaos Theory
What is Chaos Theory? Chaos theory is an interdisciplinary area of scientific study and branch of mathematics focused on underlying patterns and deterministic laws of dynamical systems that are highly sensitive to initial conditions, and...
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Catalytic Mechanisms
What are Catalytic Mechanisms for Change in an Organization? Catalytic mechanisms come into play when senior management wants a significant change in the way the organization behaves either within the organization itself or with...
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Designing a Team
What is Designing a Team? Team design is the process of organizing individuals into a cohesive coalition—one that makes a concerted effort to achieve a shared outcome. Teamwork has a lot of advantages: combined brain power, complementary...
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DAGMAR: Setting Clear Advertising Goals for Measured Results
This video is about the importance of effective communication with customers and potential customers as marketers. The focus is on advertising as a powerful tool for communication, and the concept of DAGMAR is introduced as a technique...
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Control Function of Management
What is the Control Function of Management? Controlling is a primary goal-oriented function of management in an organization. It is a process of comparing the actual performance with the set standards of the company to ensure that...
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Clean Air Act - Prevention of Significant Deterioration
Clean Air Act - Prevention of Significant Deterioration
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Elements of a Marketing Plan
This Video Explains the Elements of a Marketing Plan
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Developing a Strategic Plan
Strategic Planning is a process where organizations define a bold vision and create a plan with objectives and goals to reach that future.
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Crucial Success Factors - Management
What are Crucial Success Factors in Management? Critical success factor is a management term for an element that is necessary for an organization or project to achieve its mission. To achieve their goals they need to be aware of each key...
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Intergroup Negotiations
What are Intergroup Negotiations? Stereotyping - This is a bias in which one team assumes that all individuals in a group think or will act in conformity with a preconceived notion. Changing identities - Groups are often not static. New...