The Business Professor
8 Types of Organizational Culture
What are the 8 Types of Organizational Culture? Adhocracy Culture, Clan Culture, Customer-Focused Culture, Hierarchy Culture, Market-Driven Culture, Purpose-Driven Culture, Innovative Culture, Creative Culture.
The Business Professor
8 Attributes of Management Excellence
What are the 8 Attributes of Management Excellence? In their book In Search of Excellence, McKinsey consultants Tom Peters and Robert Waterman found 8 common themes which they argued were responsible for the success of 14 identified...
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6 Change Approaches
What is the 6 Changes Approach? The 6 Change Approaches developed by John Kotter and Leonard Schlesinger is a model to prevent, decrease, or minimize resistance to change in organizations.
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5 P Model of Strategic Management
What is the 5 P Model of Strateic Management? Each of the five P's represents a distinct approach to strategy. This includes Plan, Ploy, Pattern, Position and Perspective. These five elements enable a company to develop a more successful...
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5 Disciplines of Senge
What are the 5 Disciplines of Senge? The Fifth Discipline: The Art and Practice of the Learning Organization is a book by Peter Senge focusing on group problem solving using the systems thinking method in order to convert companies into...
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4 Trajectories of Industry Change
What are the 4 Trajectories of Industry Change? Her research suggests that industries evolve along one of four distinct trajectories--radical, progressive, creative, and intermediating--that set boundaries on what will generate profits...
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Gestalt Theory
What is Gestalt Theory? Gestalt psychology, gestaltism, or configurationism is a school of psychology that emerged in the early twentieth century in Austria and Germany as a theory of perception that was a rejection of basic principles...
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5S Method - Process Management
What is the 5S Method in Process Management? 5S is a cyclical methodology: sort, set in order, shine, standardize, sustain the cycle. This results in continuous improvement.
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When to Incorporate a Business Entity
When should you Incorporate a Business Entity? Incorporate before hiring employees helps to protect your assets. Businesses that have or expect to have employees should incorporate before hiring them. Employers are generally liable for...
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Values Statement in the Business Plan
What is the Values Statement in a Business Plan? The values statement highlights an organization's core principles and philosophical ideals. It is used to both inform and guide the decisions and behaviors of the people inside the...
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Value Streaming Map - Explained
What is the Value Streaming Map? Value stream mapping is a technique — developed from Lean manufacturing — that organizations use to create a visual guide of all the components necessary to deliver a product or service, with the goal of...
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Uncertainty Avoidance
What is Uncertainty Avoidance? In cross-cultural psychology, uncertainty avoidance is how cultures differ on the amount of tolerance they have of unpredictability.
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Types of Teams
What are the Types of Teams? The five most popular types of teams in an organization include problem-solving teams, self-managed work teams, cross-functional teams, virtual teams, and multiteam systems. A formal team is a group of...
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Types of Organizational Learning
What are the Types of Organizational Learning? single loop, double loop, deutero learning, Organizational learning theory is a branch of organizational studies that seeks to understand how organizations acquire and use knowledge to...
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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...
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System Archetypes - Management
What are System Archetypes in Management? System archetypes are common and usually recurring patterns of behavior in organizations. These patterns almost always result in negative consequences. You can use system archetypes to...
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Stress (Organizational Behavior)
What is Stress? How is it related to Organizational Behavior? Stress occurs when a demand exceeds an individual's coping ability and disrupts his or her psychological equilibrium. Stress occurs in the workplace when an employee perceives...
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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...
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Stakeholder Management
What is Stakeholder Management? Stakeholder management is a critical component in the successful delivery of any project, programme or activity. A stakeholder is any individual, group or organization that can affect, be affected by, or...
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Stakeholder Analysis
What is Stakeholder Analysis? Stakeholder analysis in conflict resolution, business administration, environmental health sciences decision making,[1] industrial ecology, public administration, and project management is the process of...
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Special Employee Provisions - Term Sheet
What are the Special Employee Provisions in a Term Sheet? The parties often negotiate numerous employee-related provisions into the term sheet. These provisions serve as control mechanisms to either incentivize current management or...
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Social Networks in Organizations
What are Social Networks in Organizations? Social networks are visual maps of relationships between individuals. They are vital parts of organizational life as well as important when you are first looking for a job.
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Small Business Investment Company (SBIC)
What is a Small Business Investment Company (SBIC)? An SBIC is a privately owned company that's licensed and regulated by the SBA. SBICs invest in small businesses in the form of debt and equity. The SBA doesn't invest directly into...