by TheBusinessProfessor | Feb 23, 2025 | Management, Leadership, & Organizational Behavior
What is Regret Theory?Regret theory or anticipated regret states that when making a decision individuals anticipate regret from a wrong choice and consider this regret during any form of decision making to reduce or eliminate the possibility of the its occurrence. The...
by TheBusinessProfessor | Feb 23, 2025 | Management, Leadership, & Organizational Behavior
What is a Frame?Frames are abstract notions that serve to organize or structure social meanings. Frames influence the perception of the news by the audience. This form of agenda-setting not only tells what to think about an issue, but also how to think about that...
by TheBusinessProfessor | Feb 23, 2025 | Management, Leadership, & Organizational Behavior
What is Social Choice Theory?Social choice theory analyzes individual interests, opinions, and preferences and how they affect collective outputs and decisions. More specifically, this theory is a combination of economic models derived from the aggregation of...
by TheBusinessProfessor | Feb 23, 2025 | Management, Leadership, & Organizational Behavior
What is Freudian Motivation Theory?Freudian motivation theory was developed by Sigmund Freud. This theory studies how unconscious desires motivate and shape the behaviors of individuals. That is, it studies how psychological forces that are unconscious influence the...
by TheBusinessProfessor | Feb 23, 2025 | Management, Leadership, & Organizational Behavior
What is Organizational Economics?Organizational economics focuses on an individual firm and studies its operations, transactions, management decisions, policies, organizational structure, and plans. How does Organizational Economics Work? Organizational economics has...
by TheBusinessProfessor | Feb 23, 2025 | Management, Leadership, & Organizational Behavior
What is Survivorship Bias?Survivorship bias is a type of selection and cognitive bias that occurs when survival is used as a metric for making vital decisions. That is, it is an error that occurs when people or things that survived certain processes and stages are...
