by TheBusinessProfessor | Feb 23, 2025 | Management, Leadership, & Organizational Behavior
What is the 4 Trajectories of Industry Change?The Four Trajectories of Industry Change is a model proposed by professor Anita M. McGahan (2004), explaining the how industries evolve or change over time. What Drives Industry Change?Industries evolve to avoid...
by TheBusinessProfessor | Feb 23, 2025 | Management, Leadership, & Organizational Behavior
What are the 6 Thinking Hats?The Six Thinking Hats is a technique developed by Edward de Bono to explore different perspectives (emotional states and frames of mind) when facing a complex situation. The objective is to simplify taking multiple approaches to a problem...
by TheBusinessProfessor | Feb 23, 2025 | Management, Leadership, & Organizational Behavior
What are Type Two and Type One Decision?These are two categories of decisions identified by Jeff Bezos, founder and CEO of Amazon, Inc. In Bezos’ own words: What are TYPE 1 DECISIONS?”Some decisions are consequential and irreversible or nearly irreversible...
by TheBusinessProfessor | Feb 23, 2025 | Management, Leadership, & Organizational Behavior
What is the Value Profit Chain? The value profit chain is a model that states that organizations must focus on providing value to stakeholders. Customers Employees Investors). What are the 3 Groups of the Value Profit Chain? These three groups are interrelated and...
by TheBusinessProfessor | Feb 23, 2025 | Management, Leadership, & Organizational Behavior
What is Value-Based Management? Value Based Management (VBM) is the management philosophy whereby managers focus on the creation, management, and measurement of corporate value. What is Value in a Business Organization? Value in a corporation has traditionally meant...
by TheBusinessProfessor | Feb 23, 2025 | Management, Leadership, & Organizational Behavior
What is Socio-Technical Systems Theory? The socio-technical systems theory states that, when designing an organizational system, both social and technical are important parts of a complex system that must be considered. These elements are...
