What is the Six Hats Appraoch? "Six Thinking Hats" is a way of investigating an issue from a variety of perspectives, but in a clear, conflict-free way. It can be used by individuals or groups to move outside habitual ways of thinking,...

What are Shipping and Logistics Functions? Shipping is the act of physically transporting goods or materials between locations. Logistics, on the other hand, is the process of managing an intricate operation. Logistics is used in a vast...

What is Service Management? Service management is a management discipline aimed at providing quality services that customers will value, buy and use.

The servant leadership style is based on the idea that leaders prioritize serving the greater good. Leaders with this style serve their team and organization first. They don't prioritize their own objectives. Employees in a servant...

What is Sensemaking Theory? Sensemaking or sense-making is the process by which people give meaning to their collective experiences. It has been defined as "the ongoing retrospective development of plausible images that rationalize what...

What is the SECI Model? The SECI model of knowledge dimensions is a model of knowledge creation that explains how tacit and explicit knowledge are converted into organizational knowledge. The aim is to change the explicit knowledge of...

What is the Schwartz Theory of Basic Values? The recent theory concerns the basic values that people in all cultures recognize. It identifies ten motivationally distinct types of values and specifies the dynamic relations among them.

What is Satisficing? Satisficing is a decision-making strategy or cognitive heuristic that entails searching through the available alternatives until an acceptability threshold is met.

What is Safety Management? A safety management system is designed to manage safety risk in the workplace, occupational safety being defined as the reduction of risk to a level that is as low as is reasonably practicable to prevent people...

This Video Explains Rotational Programs for Business Graduates

What is the Rokeach Value Survey? The Rokeach Value Survey is a values classification instrument. Developed by social psychologist Milton Rokeach, the instrument is designed for rank-order scaling of 36 values.

The video provides an overview of risk management. It emphasizes the importance of focusing on identifying risks and coming up with ways to either avoid or tolerate them if they are unavoidable.

Transactional leadership, also known as managerial leadership, is a leadership style where leaders rely on rewards and punishments to achieve optimal job performance from their subordinates. The transactional executive leadership model...

What is the Winterling Crisis Matrix? What is the Winterling Crisis Matrix? The Interlink Crisis Matrix, or simply crisis matrix, designed by Klaus Winterling, is an analytical tool that categorizes risk along two parameters: Probability...

What is the Whole Brain Model? The Whole Brain® Model is a metaphor for how we think. But it’s also a practical approach to observing and describing our thinking preferences — and the preferences of those around us.

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...

What is Uncertainty Avoidance? In cross-cultural psychology, uncertainty avoidance is how cultures differ on the amount of tolerance they have of unpredictability.

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...

French and Raven, researchers at the University of Michigan, identified five bases — or sources — of social power in 1959: legitimate, reward, referent, expert, coercive

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...

What are Type 1 Decisions? What are Type 2 Decisions?

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...

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...

What is Total Quality Management or TQM? Total quality management consists of organization-wide efforts to "install and make permanent climate where employees continuously improve their ability to provide on demand products and services...