by TheBusinessProfessor | Feb 23, 2025 | Strategy, Entrepreneurship, & Innovation
What are the Types of Business Strategy? There are generally 3 (sometimes broken into 4) Types of Business Strategies: Organizational (Corporate) Strategy Business (Competitive) Strategy Functional Strategy Operating Strategy What is a Corporate Strategy?A...
by TheBusinessProfessor | Feb 23, 2025 | Management, Leadership, & Organizational Behavior
What is Expectancy Theory?Vroom’s Expectancy Theory says that individuals act when they expect positive results from their actions. Without the hope of a reward, it is less likely that individuals will exert the highest level of effort. As such, individuals...
by TheBusinessProfessor | Feb 23, 2025 | Management, Leadership, & Organizational Behavior
What is Procedural Justice?This type of justice focuses on the process rather than the outcome. Are fair rules or decision-making criterion employed in determining the reward to be distributed. For example, if someone’s input is being evaluated to determine who...
by TheBusinessProfessor | Feb 23, 2025 | Management, Leadership, & Organizational Behavior
What is Equity Theory?Pursuant to Equity theory, individuals are motivated by being treated fairly. Perceptions of fairness is generally a result of social comparison. That is, we compare our efforts (inputs) and the results of our effort (outputs) with the efforts...
by TheBusinessProfessor | Feb 23, 2025 | Management, Leadership, & Organizational Behavior
What is Reinforcement Theory? Reinforcement theory says that behavior is driven by its consequences. As such, positive behaviors should be rewarded positively. Negative behaviors should not be rewarded or should be punished. Who Created Reinforcement...
by TheBusinessProfessor | Feb 23, 2025 | Management, Leadership, & Organizational Behavior
What is Goal Setting Theory?Goal-setting theory states that goal setting has an effect on task performance. Goals provide direction to employees about what needs to be accomplished. Who Created Goal Setting Theory?Goal-setting theory was proposed by Edwin Locke in the...
by TheBusinessProfessor | Feb 23, 2025 | Management, Leadership, & Organizational Behavior
What are Process-Based Theories of Motivation?Process-based theories use the mental processes of employees as the key to understanding employee motivation. Unlike needs-based theory, it sees motivation as a rational process.Process Theories of MotivationThe most...
by TheBusinessProfessor | Feb 23, 2025 | Management, Leadership, & Organizational Behavior
What is Theory X and Theory Y?Theory X and Y is a combined employee motivation theory that assumes that there are two categories of employees based upon their level of motivation and the most effective approach motivating them. Who Developed Theory X and Theory...
by TheBusinessProfessor | Feb 23, 2025 | Management, Leadership, & Organizational Behavior
What is ERG Theory?The ERG theory was proposed by Clayton P. Alderfer as a modification to Maslow’s hierarchy of needs. Alder grouped human needs into three categories: Existence – This includes physiological (air, food, water) and safety needs (protection...
by TheBusinessProfessor | Feb 23, 2025 | Management, Leadership, & Organizational Behavior
What is Maslow’s Hierarchy of Needs?Psychologist Abraham Maslow proposed the hierarchy of needs. He presented the needs as a pyramid representing the evolution of needs in a hierarchy. Pursuant to his theory, individuals seek to meet lower-level needs before...
