The Business Professor
Registered Agent in Delaware
What are the requirements and options for securing a Registered Agent in Delaware? If the Registered Agent is a person, they must live in Delaware. The Registered Agent must be available in person to sign for any correspondence during...
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RASCI or RASIC Model - Explained
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...
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Quality Circles - Process Management
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.
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Punctuated Equilibrium Model
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...
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Project Management
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...
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Process Management - Explained
What is Process Management? Business process management is the discipline in which people use various methods to discover, model, analyze, measure, improve, optimize, and automate business processes. Any combination of methods used to...
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PRIMO - F Model
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...
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Positive Deviance Model
What is the Positive Deviance Model? Positive deviance is an asset-based improvement approach. At its core is the belief that solutions to problems already exist within communities, and that identifying, understanding, and sharing these...
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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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Personality
What is Personality? How does it related to organizational behavior? Personality refers to the combination of a person's characteristics that make them unique and of a distinctive character, and it forms the basis for individual...
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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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Performance Management
What is Performance Management in an Organization? “Performance management is the continuous process of improving performance by setting individual and team goals which are aligned to the strategic goals of the organisation, planning...
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Performance Evaluation - Management
What is Performance Evaluation for managers? A manager performance evaluation is an assessment that a supervisor conducts to determine how well a manager is fulfilling their duties. This kind of performance evaluation can consist of a...
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Paradigm Shift (Organization)
What is a Paradigm Shift in an Organization? In the business world, a paradigm shift is often a change in the perception of how things should be thought about, done, or made. A paradigm shift can require entire departments to be...
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Organizational Learning
What is Organizational Learning? Organizational learning is the process of creating, retaining, and transferring knowledge within an organization. An organization improves over time as it gains experience.
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Organizational Fit
What is organizational fit? An individual fits in an organization when their values and beliefs align with those of the organization. That is the individual fits within the organization's culture.
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Organizational Culture Profile
What is the Organizational Culture Profile? The organizational culture profile is used to understand what is an organization's primary cultural characteristics.
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Organizational Culture
What is organizational culture? Organizational culture includes the collective or shared values, attitudes, beliefs, and visions.
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Organizational Capacity for Change
What is Organizational Capacity for Change? Organizational capacity for change (OCC) is the overall capability of an organization, to prepare for, or to respond to, an increasingly volatile and changeable environment. Every person has a...
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Operations Management
What is Operations Management? Operations management is an area of management concerned with designing and controlling the process of production and redesigning business operations in the production of goods or services.
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Network Effect
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,...
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Managerial Grid (Management Grid)
Managerial Grid, Management Grid. The managerial grid model is a self-assessment tool by which individuals and organizations can help identify a manager's or leader's style.
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Management Decision Making
What is Management Decision making? In psychology, decision-making is regarded as the cognitive process resulting in the selection of a belief or a course of action among several possible alternative options. It could be either rational...
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Management by Objective - Explained
What is Management by Objective? Management by objectives, also known as management by planning, was first popularized by Peter Drucker in his 1954 book The Practice of Management.