by TheBusinessProfessor | Feb 23, 2025 | Strategy, Entrepreneurship, & Innovation
What Does Trep Mean?Trep is an abbreviation for the word, “Entrepreneur”. A person is a trep if that person is an entrepreneur.The designation “trep” is often used by individuals who work on startup ventures.What Does Trepy Mean?Trepy is an...
by TheBusinessProfessor | Feb 23, 2025 | Management, Leadership, & Organizational Behavior
What are Cognitive Biases? The bias means that the brain is filtering the excess information since it is not able to process all the stimuli reaching it. Cognitive Biases Affect Decisions and ConclusionsThere are three ways of making decisions and drawing conclusions:...
by TheBusinessProfessor | Feb 23, 2025 | Managerial & Financial Accounting & Reporting
Effect of Variable Costing vs Absorption Costing Advantages of Variable Costing
by TheBusinessProfessor | Feb 23, 2025 | Management, Leadership, & Organizational Behavior
What is Structuration? Structuration, as propoed by Giddens, is a social theory that focuses on describing the foundational elements of a social system: these include teams, organizations, and society as a whole. Integral to this this theory is the idea of duality...
by TheBusinessProfessor | Feb 23, 2025 | Management, Leadership, & Organizational Behavior
What is Ambiguity Theory?Ambiguity theory assumes that turbulence and unpredictability are dominant features of organizations.That is, the organization is marked by uncertainty and unpredictability. The rational model is undermined by ambiguity, since it is so heavily...
by TheBusinessProfessor | Feb 23, 2025 | Management, Leadership, & Organizational Behavior
What is Enactment Theory? Enactment, per Weick (1988), is the effect that when people act they bring structures and events into existence and set them in action. The process of enactment involves two steps. First, preconceptions are used to set aside portions of the...
by TheBusinessProfessor | Feb 23, 2025 | Management, Leadership, & Organizational Behavior
What is Institutional Theory? Institutional theory considers the processes by which structures, including schemes, rules, norms, and routines, become established as authoritative guidelines for social behavior. What Does Institutional Theory Explain?Different...
by TheBusinessProfessor | Feb 23, 2025 | Management, Leadership, & Organizational Behavior
What is Population Ecology? Population ecology is the study of dynamic changes (beginning, end, organizational forms) within a given set of organizations. Adaptation vs SelectionHannan & Freeman (1989) believe that long-term change in the diversity of...
by TheBusinessProfessor | Feb 23, 2025 | Management, Leadership, & Organizational Behavior
What is Sense Making?Sensemaking or sense-making is the process by which people give meaning to their collective experiences. It has been defined as “the ongoing retrospective development of plausible images that rationalize what people are doing” Wick,...
by TheBusinessProfessor | Feb 23, 2025 | Management, Leadership, & Organizational Behavior
What is the Open System Model of Katz and Kahn?The open systems model, proposed by Katz and Kahn, developed a framework for open-systems theory that encompasses: (1) energic inputs into the organizations; (2) the transformation of those inputs within the system; ...
