by TheBusinessProfessor | Feb 23, 2025 | Management, Leadership, & Organizational Behavior
What is Judgement Noise?Judgment noise, coined by Kahneman (2016), concerns irrelevant factors, such as information that affect or influence our judgment. Noise is a type of error in judgment or decision making. Judgment Noise and Cognitive Bias?The increased presence...
by TheBusinessProfessor | Feb 23, 2025 | Management, Leadership, & Organizational Behavior
What is the Just World Effect?Just-World Effect is the human tendency to believe the world is “just” and so therefore people “get what they deserve”.It is the assumption and cognitive bias that a person’s actions inherently lead to...
by TheBusinessProfessor | Feb 23, 2025 | Management, Leadership, & Organizational Behavior
What is the Kepner Tregoe Matrix?The Kepner-Tregoe Matrix is an approach to conducting a Root Cause Analysis and decision-making method.What are the Steps in the Kepner-Tregoe Matrix? Prepare a decision statement having both an action and a result component. Establish...
by TheBusinessProfessor | Feb 23, 2025 | Management, Leadership, & Organizational Behavior
What is the KISS Principle? The KISS Principle, also known as Ockham’s Razor, is an acronym for a popular maxim, “Keep IT Simple and Stupid” or “Keep IT Simple and Straightforward”.Restated, one should avoid complexity when undertaking any plan, design, or action,...
by TheBusinessProfessor | Feb 23, 2025 | Management, Leadership, & Organizational Behavior
What is the SECI model? The SECI Model, proposed by Ikujiro Nonaka and Hirotaka Takeuchi, seeks to facilitate understanding and management of the knowledge creation process The SECI model consists of 3 elements: SECI – Where the tacit knowledge held by...
