by TheBusinessProfessor | Feb 23, 2025 | Management, Leadership, & Organizational Behavior
[cite] Back to: Business Management What is Group Cohesion? Cohesion refers to the amount of camaraderie within a group. In a highly cohesive group, the members have a high degree of connection to the other members. The group shares a collectives identity that is...
by TheBusinessProfessor | Feb 23, 2025 | Management, Leadership, & Organizational Behavior
[cite] Back to: Business Management What is Group Structure? Groups are individuals banded together by a formal or informal process. The structure of the group, whether dictated by an authority or organic from member interactions, will have the following structural...
by TheBusinessProfessor | Feb 23, 2025 | Management, Leadership, & Organizational Behavior
[cite] Back to: Business Management What is a Group versus a Team? A group is two or more individuals who interact collectively such that their actions impact the others. Organizations generally consist of many groups with specific, collective functions. A groups...
by TheBusinessProfessor | Feb 23, 2025 | Banking, Lending, and Credit Industry
[cite] Back to:BANKING, LENDING, & CREDIT INDUSTRY What is Regulation BB Regulation BB was created to effectuate portions of the Community Reinvestment Act (CRA). As such, it is a banking regulation that requires covered banks to publicly disclose the communities...
by TheBusinessProfessor | Feb 23, 2025 | Management, Leadership, & Organizational Behavior
[cite] Back to: Business Management Strategic Cost Management Strategic Cost Management is an approach focusing on making a business more competitive by reducing costs of operations. More specifically, it integrates cost information into the decision-making structure...
by TheBusinessProfessor | Feb 23, 2025 | Management, Leadership, & Organizational Behavior
[cite] Back to: Business Management Activity-Based Management Activity-Based Management (ABM) is a management approach focusing on managing employee activities efficiently and effectively with the purpose of increasing productivity, profitability, and organizational...
by TheBusinessProfessor | Feb 23, 2025 | Management, Leadership, & Organizational Behavior
[cite] Back To: OPERATIONS MANAGEMENT What is Lean Control? Lean control (or simply Lean) is a process used to control non-financial aspects (work processes, purposes, and people) of organizational performance – all with the purpose of improving quality and...
by TheBusinessProfessor | Feb 23, 2025 | Operations, Project, & Supply Chain Management
[cite] Back to: OPERATIONS, LOGISTICS, & SUPPLY CHAIN MANAGEMENT What is Quality Assurance? Quality assurance is a management system designed to provide confidence that a product or service meets expected quality standards. Said confidence is relevant to managers...
by TheBusinessProfessor | Feb 23, 2025 | Operations, Project, & Supply Chain Management
[cite] Back to: OPERATIONS, LOGISTICS, & SUPPLY CHAIN MANAGEMENT What is the Performance Prism? The Performance Prism (PP) is a further development of the Balanced Scorecard. Basically, unlike the balanced scorecard, it employs a stakeholder approach to developing...
by TheBusinessProfessor | Feb 23, 2025 | Operations, Project, & Supply Chain Management
[cite] Back to: OPERATIONS, LOGISTICS, & SUPPLY CHAIN MANAGEMENT The Balanced Scorecard as a Performance Management System The Balanced Scorecard is a Performance Management system developed in the early 1990s by Robert Kaplan and David Norton. The Balanced...
