by TheBusinessProfessor | Feb 23, 2025 | Management, Leadership, & Organizational Behavior
What is Satisficing?Satisficing is a strategy used in decision making that seeks a result that is good enough to tackle a situation but is understood to not be the optimal solution. The strategy narrows down the scope of available options that have the possibility of...
by TheBusinessProfessor | Feb 23, 2025 | Management, Leadership, & Organizational Behavior
What is Corporate Citizenship?Corporate citizenship refers to the set of activities or responsibilities of an organization that help them make a positive contribution to society in general. Corporate citizenship also refers to standards that an organization puts in...
by TheBusinessProfessor | Feb 23, 2025 | Management, Leadership, & Organizational Behavior
What is Base Rate Fallacy?Base rate fallacy is a type of error that occurs when relevant data or commonly-understood (statistically relevant) information about a subject matter (base rate) is neglected or ignored in favor of new information.
by TheBusinessProfessor | Feb 23, 2025 | Management, Leadership, & Organizational Behavior
What is Hindsight Bias?The hindsight bias is an assumption that the outcome of an event was more predictable than it actually was prior to the event occurring. More specifically, it is a concept in psychology that explains the tendency to perceive the outcome of past...
by TheBusinessProfessor | Feb 23, 2025 | Management, Leadership, & Organizational Behavior
What is Cognitive Dissonance?Cognitive dissonance refers to the unpleasant emotion resulting from believing two conflicting things simultaneously. Studying cognitive dissonance is a widely followed field in social psychology. Cognitive dissonance can bring about...
by TheBusinessProfessor | Feb 23, 2025 | Management, Leadership, & Organizational Behavior
What is Organizational Behavior?Organizational behavior (OB) simply refers to the way people behave in organizations and the relationship between human behaviors and organizational settings. Individuals exhibit certain behaviors when they are in groups or when they...
