What is Vroom and Yetton's Normative Decision Model? The Vroom-Yetton model is designed to help you to identify the best decision-making approach and leadership style to take, based on your current situation.

What is Nominal Group Technique? The nominal group technique is a group process involving problem identification, solution generation, and decision making. It can be used in groups of many sizes, who want to make their decision quickly,...

What is a Network Effect? In economics, a network effect is the phenomenon by which the value or utility a user derives from a good or service depends on the number of users of compatible products. Network effects are typically positive,...

What is the Myers-Briggs Type Indicator (MBTI)? How is it relevant to organizational behavior?

Modes of management include management styles that can be categorized by three major types: Autocratic, Democratic, and Laissez-Faire, with Autocratic being the most controlling and Laissez

What is a Mental Frame? Mental framing is how you see any given situation and occurs when you position your thoughts in such a way as to convince yourself of the value of difficult situations. This positioning begins by asking a few...

Also known as the Milgrim Shock Experiments, the Milgram experiment on obedience to authority figures were a series of social psychology experiments conducted by Yale University psychologist Stanley Milgram.

What is Resistance to Change in an Organization? What Is Resistance to Change? Resistance to change is the reluctance of people to adapt to change. Employees can be overt or covert about their unwillingness to adapt to organizational...

Explanation of Relationship Management in marketing

What is the Regret Theory? In decision theory, on making decisions under uncertainty—should information about the best course of action arrive after taking a fixed decision—the human emotional response of regret is often experienced, and...

What is Ratselvermehrung? Rätselvermehrung is an alternative creativity tool based on combining problems of different sorts to find solutions in an indirect way.

What is the RASCI or RASIC Model? RASCI is a matrix (i.e. chart, model or framework) that is used to help identify all the roles and responsibilities of each stakeholder on a project. It clearly defines who is working on a specific...

Dr. Kyle Huff explains what is the Quantitative Approach to Management

Management is incentivized by the calculation of a business' value. A quality of earnings report can affect the value of the business and, as a result, the incentives placed on management.

What is Quality Management? Quality management ensures that an organization, product or service consistently functions well. It has four main components: quality planning, quality assurance, quality control and quality improvement....

What are Quality Circles in Process Management? A quality circle is a group of employees who work in the same position or department and meet to discuss, analyze and find solutions for problems related to improving work performance.

What is the Punctuated Equilibrium Model? “Punctuated equilibrium is the idea that evolution occurs in spurts instead of following the slow, but steady path that Darwin suggested. Long periods of stasis with little activity in terms of...

What is Prospect Theory? The prospect theory says that investors value gains and losses differently, placing more weight on perceived gains versus perceived losses.

What is Project Management? Project management is the process of leading the work of a team to achieve all project goals within the given constraints. This information is usually described in project documentation, created at the...

What is a Programmed Decision? What is an Unprogrammed Decision? Because managers have limited time and must use that time wisely to be effective, it is important for them to distinguish between decisions that can have structure and...

What is the Program Management Maturity Model? A project management maturity model (commonly shortened to PMMM) is a matrix that illustrates how a company's project management process evolves over time. Just as a company changes as it...

The process value analysis is an efficiency measure that maps processes to the value added to the organization. Processes with lesser value or higher costs are reduced, eliminated, or transformed.

What is the PRIMO - F Model? The model is an acronym of: People, Resources, Innovation & Ideas, Marketing, Operations, & Finance. PRIMO-F is a valuable strategic tool that allows a detailed analysis of business performance in three key...

Power Struggles and Corporate Governance Issues - Explained