The Business Professor
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...
The Business Professor
Change Management
What is Change Management? Change management is a collective term for all approaches to prepare, support, and help individuals, teams, and organizations in making organizational change.
The Business Professor
Change Equation (Organizations)
What is the Change Equation for Organizations? The Beckhard-Harris Change Equation aims to serve as a simplified way of analysing the potential success or failure of a change initiative within the workplace.
The Business Professor
Change Agent
What is a Change Agent? In business, a change agent is an individual who promotes and supports a new way of doing something within the company. This can be the use of a new process, the adoption of a new management structure or the...
The Business Professor
Central Driving Forces Model - Explained
What is the Central Driving Forces Model? The central driving forces model is an entrepreneurial-based model that considers the positives and negatives of three areas of the venture; founder(s), opportunities, and resources. The model...
The Business Professor
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...
The Business Professor
Carnall's Roles of Managers in Organizational Change
What are Carnall's Roles of Managers in Organizational Change? Carnall maintains that a manager who is skilled in managing the transition will create an atmosphere of creative risk-taking and help people learn as they implement change....
The Business Professor
Carnall's Coping Style Model of Change
What are Carnall's Coping Style model for organizational change? Carnall's Coping Style Model of Change · close-mindedness, · fear of the unknown, or · the fear of not being able to adapt to the new changes.
The Business Professor
Capability Maturity Model Integration
What is the Capability Maturity Model Integration? Capability Maturity Model Integration is a process level improvement training and appraisal program. Administered by the CMMI Institute, a subsidiary of ISACA, it was developed at...
The Business Professor
Business Plan - Management and Organization
What should be included in the Management and Organization section of the business plan? This section of your Business Plan should include the following: your company's organizational structure, details about the ownership of your...
The Business Professor
Burke Litwin Model
What is the Burke Litwin Model? The Burke-Litwin model of organizational change is a comprehensive framework that helps you analyze and manage the factors that affect organizational performance. It identifies 12 key variables that...
The Business Professor
Bridging Epistemologies Framework
What is the Bridging Epistemologies Framework? The framework Cook and Brown helps to think of knowledge in an organizational context and understanding why and how we know things collectively. Their model strengthens the link between...
The Business Professor
Bottom Up and Top Down Management
What is Bottom Up Management? What is Top Down Management? The top-down approach to management is when company-wide decisions are made solely by leadership at the top, while the bottom-up approach gives all teams a voice in these types...
The Business Professor
Big Five Model of Personality Traits
What is the Big Five Model of Personality Traits? The Big Five personality traits are extraversion (also often spelled extroversion), agreeableness, openness, conscientiousness, and neuroticism. The Big Five remain relatively stable...
The Business Professor
Biases and Errors in Decision Making
What are some common biases and errors in Deicsion Making? here are a plethora of cognitive biases, also known as subconscious errors, that have been studied by psychologists, and it is important to understand that each individual will...
The Business Professor
Belbin Team Roles
What are Belbin Team Roles? The Belbin Team Inventory, also called Belbin Self-Perception Inventory or Belbin Team Role Inventory, is a behavioural test. It was devised by Raymond Meredith Belbin to measure preference for nine Team...
The Business Professor
Behavioral Approach to Leadership
What is Behavioral Approach to Leadership? The behavioral leadership theory focuses on how leaders behave, and assumes that these traits can be copied by other leaders. Sometimes called the style theory, it suggests that leaders aren't...
The Business Professor
Bass Diffusion Model
What is the Bass Diffusion Model? The Bass model or Bass diffusion model was developed by Frank Bass. It consists of a simple differential equation that describes the process of how new products get adopted in a population. The model...
The Business Professor
Base Rate Fallacy
What is Base Rate Fallacy? The base rate fallacy, also called base rate neglect or base rate bias, is a type of fallacy in which people tend to ignore the base rate in favor of the individuating information. Base rate neglect is a...
The Business Professor
Balance Theory (Cognitive Balance)
What is Balance Theory, also known as Cognitive Balance? Cognitive balance theory was devised by Heider (1946, 1958) to explain how people resolve inconsistencies in their interpersonal affects. For example, if a person p likes another...
The Business Professor
Availability Bias
What is Availability Bias? The availability heuristic, also known as availability bias, is a mental shortcut that relies on immediate examples that come to a given person's mind when evaluating a specific topic, concept, method, or...
The Business Professor
Attribution Theory
What is Attribution Theory? Attribution is a term used in psychology which deals with how individuals perceive the causes of everyday experience, as being either external or internal. Models to explain this process are called Attribution...
The Business Professor
Attraction Selection Attrition Model
What is the Attraction - Selection - Attrition Model? The theory explains that similar people are selected and attracted by organizations, while dissimilar people are likely to leave these organizations due to attrition
The Business Professor
Attitude (Organizational Behavior)
What is Attitude? How is it related to Organizational Behavior? Attitude is a way of thinking or feeling about something and is usually reflected in behavior. Attitude in the workplace refers to the feelings and beliefs concerning the...