by TheBusinessProfessor | Feb 23, 2025 | Strategy, Entrepreneurship, & Innovation
What Does Trep Mean?Trep is an abbreviation for the word, “Entrepreneur”. A person is a trep if that person is an entrepreneur.The designation “trep” is often used by individuals who work on startup ventures.What Does Trepy Mean?Trepy is an...
by TheBusinessProfessor | Feb 23, 2025 | Management, Leadership, & Organizational Behavior
What are Cognitive Biases? The bias means that the brain is filtering the excess information since it is not able to process all the stimuli reaching it. Cognitive Biases Affect Decisions and ConclusionsThere are three ways of making decisions and drawing conclusions:...
by TheBusinessProfessor | Feb 23, 2025 | Managerial & Financial Accounting & Reporting
Effect of Variable Costing vs Absorption Costing Advantages of Variable Costing
by TheBusinessProfessor | Feb 23, 2025 | Management, Leadership, & Organizational Behavior
What is Structuration? Structuration, as propoed by Giddens, is a social theory that focuses on describing the foundational elements of a social system: these include teams, organizations, and society as a whole. Integral to this this theory is the idea of duality...
by TheBusinessProfessor | Feb 23, 2025 | Management, Leadership, & Organizational Behavior
What is Ambiguity Theory?Ambiguity theory assumes that turbulence and unpredictability are dominant features of organizations.That is, the organization is marked by uncertainty and unpredictability. The rational model is undermined by ambiguity, since it is so heavily...
