by TheBusinessProfessor | Feb 23, 2025 | Management, Leadership, & Organizational Behavior
What is Activity-Based Management?Activity-Based Management (ABM) is a management approach focusing on managing employee activities efficiently and effectively with the purpose of increasing productivity, profitability, and organizational competitiveness. This...
by TheBusinessProfessor | Feb 23, 2025 | Management, Leadership, & Organizational Behavior
What is Strategic Cost Management?Strategic Cost Management is an approach focusing on making a business more competitive by reducing costs of operations. More specifically, it integrates cost information into the decision-making structure as a means of reinforcing...
by TheBusinessProfessor | Feb 23, 2025 | Management, Leadership, & Organizational Behavior
What is a Group versus a Team?A group is two or more individuals who interact collectively such that their actions impact the others. Organizations generally consist of many groups with specific, collective functions. A group’s performance is a combination of...
by TheBusinessProfessor | Feb 23, 2025 | Management, Leadership, & Organizational Behavior
What is Group Structure?Groups are individuals banded together by a formal or informal process. The structure of the group, whether dictated by an authority or organic from member interactions, will have the following structural elements:RulesGroups are restricted by...
by TheBusinessProfessor | Feb 23, 2025 | Management, Leadership, & Organizational Behavior
What is Collective Efficacy in groups?Collective efficacy refers to a groups perception that it will interact efficiently and perform well together. Performing well together means a belief in the ability to achieve mutually-agree-upon objectives. Collective efficacy...
by TheBusinessProfessor | Feb 23, 2025 | Management, Leadership, & Organizational Behavior
What is Group Cohesion?Cohesion refers to the amount of camaraderie within a group. In a highly cohesive group, the members have a high degree of connection to the other members. The group shares a collective identity that is accompanied by a moral bond and loyalty to...
