Open the New York Times or browse around the Internet for 30 minutes and I am sure that you will come across several business acronyms. Not knowing what they mean can be quite annoying. That is the purpose of the list below; to provide a quick reference to the most common used acronyms so you [...]
Archive for the 'Management' Category
We all accept that humans are born and die. Actually this is one of the very few things we accept for sure. Why, then, should people create a different belief regarding companies and organizations?
The famous “Built to Last!” moto…
Why? Why can’t companies just be conceived, do what they have to do (with excellence, don’t get [...]
Most of you probably know that I decided to quit my job inside a large multinational company 6 months ago. And I did it despite having worked there for only 1 year. Trust me though, it was enough to figure that I was not suited for the corporate environment.
But is anyone really suited for that? [...]
BusinessWeek has an interesting article by Roger Martin, where he questions some of the trends proposed by the consulting firm McKinsey. More specifically the article criticizes McKinsey’s views about Scientific Management. Quoting Mckinsey:
“Management will go from art to science. Bigger, more complex companies demand new tools to run and manage them. Indeed, improved technology and [...]
Innovation oftentimes happens through teams both in the workplace and in projects. Therefore, I wanted to take a minute and discuss different motivation theories that might be helpful in examining exactly what it will take for your team to succeed.
Process Theories of Motivation:
Needs-Goal Theory – Motivation begins with an individual feeling a need. [...]
What is the difference between management and leadership? I have seen a wide range of answers for that questions, including:
“The biggest difference between managers and leaders is the way they motivate the people who work or follow them. Managers have subordinates while leaders have followers.”
“Leadership is just one of the many assets a successful [...]
A basic premise of good strategic management is that firms plan ways to deal with unfavorable and favorable events before they occur. The key is developing contingency plans for the positive and negative effects of business, not just the negative ones.
Some contingency plans that a firm could establish are as follows:
If a major competitor withdraws [...]
Horizontal integration refers to a strategy of seeking ownership of or increased control over a firm’s competitors. One of the most significant trends in strategic management today is the increased use of horizontal integration as a growth strategy.
Mergers, acquisitions, and takeovers among competitors allow for increased economies of scale and enhanced transfer of resources and [...]