by TheBusinessProfessor | Feb 23, 2025 | Management, Leadership, & Organizational Behavior
[cite] Back to: Business Management Management By Objective as a Performance Management System Peter Druckers management by objectives (MBO) approach is one of the first systematic approaches addressing management goals and objectives. As such, MBO can be viewed as a...
by TheBusinessProfessor | Feb 23, 2025 | Management, Leadership, & Organizational Behavior
[cite] Back to: Business Management What is Performance Evaluation? Performance evaluation is part of the performance management process. Performance evaluation is an evaluation of the activities and performance of the individual employee based upon organizational...
by TheBusinessProfessor | Feb 23, 2025 | Management, Leadership, & Organizational Behavior
[cite] Back to: Business Management What is Performance Management? Performance Management is the process of continuously identifying, measuring, and developing workforce performance within the organization. This means aligning the goals and objectives of individuals,...
by TheBusinessProfessor | Feb 23, 2025 | Strategy, Entrepreneurship, & Innovation
[cite] Back To: BUSINESS STRATEGY What are Intended, Deliberate, Realized, and Emergent Strategies? Henry Mintzberg and his colleagues at McGill University distinguish intended, deliberate, realized, and emergent strategies. Intended Strategy – This a strategy...
by TheBusinessProfessor | Feb 23, 2025 | Strategy, Entrepreneurship, & Innovation
[cite] Back To: BUSINESS STRATEGY What is an Organizational (Corporate) Strategy? A corporate-level strategy focuses on high-level decisions that affect the market in which the company competes. It may also regard what the company stands for and how it will be...
by TheBusinessProfessor | Feb 23, 2025 | Strategy, Entrepreneurship, & Innovation
[cite] Back To: BUSINESS STRATEGY What is Management Strategy? Strategy is the process by which one achieves her objectives. Strategic management is the process employed by a company (through its managers) to achieve its identified goals and objectives. More...
by TheBusinessProfessor | Feb 23, 2025 | Strategy, Entrepreneurship, & Innovation
[cite] Back To: BUSINESS STRATEGY What are the Types of Business Strategy? There are generally 3 Types of Business Strategies: Organizational (Corporate) Strategy – A corporate-level strategy focuses on high-level decisions that affect the market in which the...
by TheBusinessProfessor | Feb 23, 2025 | Management, Leadership, & Organizational Behavior
[cite] Back To: LEADERSHIP What is Expectancy Theory? Expectancy theory was proposed by Victor Vroom in the 1960s. This theory states that individual motivation with regard to the amount of effort expended is a result of a rational calculation. There is a link between...
by TheBusinessProfessor | Feb 23, 2025 | Management, Leadership, & Organizational Behavior
[cite] Back To: LEADERSHIP What is Procedural and Interactional Justice? Equity theory is a distributive justice theory. Distributive justice concert the extent to which output is fair with regard to inputs as compared to others. Other types of fairness include:...
by TheBusinessProfessor | Feb 23, 2025 | Management, Leadership, & Organizational Behavior
[cite] Back To: LEADERSHIP 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...
