by TheBusinessProfessor | Feb 23, 2025 | Management, Leadership, & Organizational Behavior
What are Heuristics?Heuristics are predispositions to a given circumstance caused by prior experience or exposure. It is a form of cognitive bias. Stereotyping is a function of heuristics. In function, heuristics are problem-solving shortcuts often used in the...
by TheBusinessProfessor | Feb 23, 2025 | Management, Leadership, & Organizational Behavior
What is Human Capital?Human capital refers to the value of human skills, knowledge, and experience within an organization. Human capital is an intangible asset that comprises of worker’s education, training, expertise, intelligence, loyalty, and...
by TheBusinessProfessor | Feb 23, 2025 | Management, Leadership, & Organizational Behavior
What is Organizational Structure?An organization structure is a visual diagram that represents the hierarchy, roles, and responsibilities of the employees in the company. Organizational structures use markets, geographical locations, products, functions, or processes...
by TheBusinessProfessor | Feb 23, 2025 | Management, Leadership, & Organizational Behavior
What is the Endowment Effect?The endowment effect is a term used in behavioral research where a person finds something worthy because he or she already owns or possesses it. This results in the individual investing greater effort to avoid losing the possession than...
by TheBusinessProfessor | Feb 23, 2025 | Management, Leadership, & Organizational Behavior
What is Adhocracy?Adhocracy refers to an approach to business management focusing on manager autonomy and discretion in decision-making and action. Adhocracy versus BureaucracyAdhocracy is the opposite of bureaucracy. It consists of a specific rules and procedures,...
by TheBusinessProfessor | Feb 23, 2025 | Management, Leadership, & Organizational Behavior
What is Affluenza?Affluenza is a condition which results from a strong desire to be more wealthy or successful. Affluenza is mostly a social condition, and it impairs the possessors ability to see the consequences of his actions because of financial privilege and...
