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The Business Professor
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.
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Major Views of Managers
Dr. Kyle Huff explains what are the Major Views of Managers
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Decentralization and Performance Evaluation in Organizations
This video explores the concept of decentralization. It emphasizes the positive impact of decentralization on performance evaluation and highlights the importance of aligning individual strategies with the organizational strategy.
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Relevant Costs Explained
A relevant cost is the opposite of a sunk cost. The relevant cost is a cost affected by a single management decision. Thus the decision will have an effect on the future cost.
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Sub-Categories of Managers
Dr. Kyle Huff explains what are Sub-Categories of Managers
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Strategic Contingency Model
Strategic Contingencies Theory focuses on tasks that need to be done in the form of problems to be solved, thus de-emphasizing personality. If a person does not have charisma but is able to solve problem, then s/he can be an effective...
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Standard Costing and Managerial Control
This video explains the concept of standard costing and its relevance to managerial control. This information is then used to establish a standard system for applying costs and analyzing the management of a particular project or activity.
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Responsibility Centers - Decentralization
Decentralization allows for managerial autonomy in decision making. Responsibility centers are autonomous within the organization. They require a decentralized approach to management accountability and performance.
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Understanding the Leading Function of Management
This video discusses the leading function of management within the POLC model, which stands for planning, organizing, leading, and controlling. They emphasize that leadership theory involves understanding individual motivations and what...
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Managerial Roles and Responsibilities
In this video, the speaker discusses the different roles that managers play in an organization. They explain how these roles can be categorized into three main categories: interpersonal, informational, and decisional.
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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...
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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...
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
Decision-Making and Relevant Costing
Relevant costs or relevant costing is closely related to decision making. A relevant cost is a cost that will directly change based upon a singular decision.
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Corporate Social Responsibility in Managerial Accounting
This video explains how corporate social responsibility affects managerial accounting practice. Particularly, CSR has an effect on management decision making and disclosures based upon accounting data and information.
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Controllable Costs - Accounting
This video explains what are controllable costs and how the identification of controllable costs assists managers in decision making.
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Considerations for Organizational Design
Dr. Kyle Huff explains what are the Considerations for Organizational Design
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Classes of Employee in Business
This Video Explains Classes of Employee in Business
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Execution as Learning Model
What is the Execution as Learning Model? he execution as learning model, proposed by Amy C. Edmondson, argues today's central managerial challenge is to "Inspire and enable knowledge workers to solve, day in and day out, problems that...
The Business Professor
Emotions (Organizational Behavior)
What are Emotions? How do emotions relate to Organizational Behavior? Emotions shape an individual's belief about the value of a job, a company, or a team. Emotions also affect behaviors at work. Research shows that individuals within...