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The Business Professor
Product Pricing - Legal Issues
Dr. Phillip Hartley identifies some major legal issues associated with product pricing.
The Business Professor
Behavioral Economics - Management
Dr. Kyle Huff explains what is Behavioral Economics
The Business Professor
Level of Certainty in Management Decision Making
What is the Level of Certainty in Management Decision Making? Decisions are made under the condition of certainty when the manager has perfect knowledge of all the information needed to make a decision. This condition is ideal for...
The Business Professor
Leadership as a Continuum Model
Leadership as a Continuum Model. he leadership continuum theory places all leadership styles along a continuum based on the balance of authority and freedom that exists between the leader and subordinates.
The Business Professor
Leader Decision Making
What is Leader Decision Making? How does leader decision making fit into behavioral leadership study?
The Business Professor
Kepner Tragoe Matrix
What is the Kepner Tragoe Matrix? KM models are frameworks that help organizations effectively manage and utilize their collective knowledge and expertise.
The Business Professor
Judicial Branch and Making Law
This Video Explains Judicial Branch and Making Law
The Business Professor
Challenging Administrative Court Decisions: Procedures and Requirements
This video explains how parties can challenge administrative law or administrative court decisions. It outlines the requirements for standing, exhaustion of administrative remedies, and the right for review. The video also discusses how...
The Business Professor
Judgment Noise
What is Judgment Noise? When people consider errors in judgment and decision making, they most likely think of social biases like the stereotyping of minorities or of cognitive biases.
The Business Professor
Marketing - Why is Price Fixing Harmful?
Marketing - Why is Price Fixing Harmful?
The Business Professor
Marketing - What Types of Consumer Products are there?
Marketing - What Types of Consumer Products are there?
The Business Professor
Marketing - What is the Marketing Research Process
Marketing - What is the Marketing Research Process
The Business Professor
Marketing - What Distorts the Results of Marketing Research
This Video Explains Marketing - What Distorts the Results of Marketing Research
The Business Professor
Marketing - What are Decision Support Systems
This Video Explains Marketing - What are Decision Support Systems
The Business Professor
Make or Buy Decision in Accounting
A routine decision faced by all managers is the decision to make a product or to purchase that product. This generally arises when the product is just one part of a larger product. This video explores the Make or Buy decision faced by...
The Business Professor
Marketing - Penetration Pricing Strategy
Marketing - Penetration Pricing Strategy
The Business Professor
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...
The Business Professor
Management Decision Making Models
What are common Management Decision Making Models? The Rational Model, The Intuitive Model,The Recognition Primed Model, Vroom-Yetton Decision-Making Model, and. Bounded rationality model.
The Business Professor
Personal Liability for Members of Corporation
Personal Liability for Members of Corporation
The Business Professor
Path Dependence
What is Path Dependence? Path dependency is a phenomenon whereby history matters; what has occurred in the past persists because of resistance to change.
The Business Professor
Paralysis by Analysis
What is Paralysis by Analysis? Analysis paralysis describes an individual or group process where overanalyzing or overthinking a situation can cause forward motion or decision-making to become "paralyzed", meaning that no solution or...
The Business Professor
Outcome Bias
What is Outcome Bias? The outcome bias is an error made in evaluating the quality of a decision when the outcome of that decision is already known.