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Sensemaking Theory – Explained

by TheBusinessProfessor | Feb 23, 2025 | Management, Leadership, & Organizational Behavior

What is Sense Making?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 people are doing” Wick,...

Cross-Functional Team – Explained

by TheBusinessProfessor | Feb 23, 2025 | Management, Leadership, & Organizational Behavior

What is a Cross-Functional Team?A Cross-Functional Team (CFT), Multidisciplinary Team or an Interdisciplinary Team, also known as  is a group of people whose members hold different backgrounds, expertise, and functions working toward shared objectives.Note that team...

Theory of Constraints – Explained

by TheBusinessProfessor | Feb 23, 2025 | Management, Leadership, & Organizational Behavior

What is the Theory of Constraints? The Theory of Constraints, proposed by Goldratt, claims that a change to most of the variables in an organization will have only a small impact on the global performance – on the bottom line. Theory of Constraints provides a...

Community of Practice – Explained

by TheBusinessProfessor | Feb 23, 2025 | Management, Leadership, & Organizational Behavior

What is a Community of PracticeA community of practice is a work-group structure that functions as an alternative structure to a formal committee. Generally, involvement with a community of practice is voluntary in nature. The members share a common interest or...

Downsizing – Explained

by TheBusinessProfessor | Feb 23, 2025 | Management, Leadership, & Organizational Behavior

What is Downsizing?Downsizing refers to actions taken by an organization to streamline its operations, often combined with layoffs, in order to cut labor costs by reducing the size of the company. Reasons for Downsizing? A downsizing strategy can be considered for 2...
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