The Business Professor
Turnaround Management
What is Turnaround Management? Turnaround management is a process dedicated to corporate renewal. It uses analysis and planning to save troubled companies and return them to solvency, and to identify the reasons for failing performance...
The Business Professor
Traditional vs Self-Managed Teams
What are Traditional Teams? What are Self-managed Teams? a self-managed team is a group of employees who work collaboratively to complete a project or reach a defined outcome with little to no direct supervision from a boss. Many...
The Business Professor
Theory of Constraints
What is the Theory of Constraints? The theory of constraints is a management paradigm that views any manageable system as being limited in achieving more of its goals by a very small number of constraints.
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Theory E and Theory O
What is Theory E? What is Theory O? Theory E is change based on economic value. Theory O is change based on organizational capability. Both are valid models; each theory of change achieves some of management's goals, either explicitly or...
The Business Professor
Team Roles
What are Team Roles? Plant, Resource Investigator, Co-ordinator, Shaper, Monitor Evaluator, Teamworker, Implementer, Completer Finisher, Specialist
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Team Management Profile
What is the Team Management Profile? The Team Management Profile is a psychometric tool (measuring things like aptitude and personality) that has been used in personal and team development for over two decades. The profile consists of 60...
The Business Professor
Using Budgets for Performance Evaluation
In this video, the speaker discusses how budgets are used as a tool for performance evaluation. The speaker highlights several key performance indicators (KPIs) or metrics that can be derived from the budget. Overall, the video...
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
Strategic Analysis and Developing a Competitive Strategy
What is a Strategic Analysis? How does strategic analysis lead to a competitive advantage? Strategic analysis drives out internal and external strengths and weaknesses that affect the organization's growth. It helps you identify the...
The Business Professor
Competitive Strategy
In business, a competitive advantage is an attribute that allows an organization to outperform its competitors.
The Business Professor
Categories of Manager Control
Control or controlling is a core function of manageers. Whare the Categories of Manager Control? Controlling can be defined as that function of management which helps to seek planned results from the subordinates, managers and at all...
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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...
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
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
Business Consulting Firms - Importance and Lists
This Video Explains Business Consulting Firms - Importance and Lists
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Business Activity Monitoring
Business activity monitoring is software that aids the monitoring of business activities which are implemented in computer systems.
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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...
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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...