Force Field Analysis is a handy technique for decision making, which can help in determining the factors which may hinder achieving a goal and can also be used in decision making. Below is an overview of this decision making technique in detail.
Every day we make a myriad of decisions – eat out or buy groceries, walk or hail a cab, go to the movies or stay in. Sometimes, we rationalize that cooking a home meal is a better idea since we already spent too much on dining this month. But then, we see some attractive promo at the deli and go on and change our mind in a beat. In a nutshell, behavioral economics attempts to study how our “whims” affect our day-to-day spending decisions and affect different economic processes on a macro level. Let’s dig in!
The Porter’s Five Forces analysis framework is one of the tools that is used for analyzing the competition within a business industry. It is a simple yet powerful tool that most businesses utilize in identifying their strategy’s potential profitability. One of the biggest threats to startups or established businesses is competition. The Porter’s Five Forces […]
Present your vision statement explaining to others why you are doing what you do and which things you aspire to pursue in the future. In this post, we’ll explore ways to create a compelling vision statement and present it to an audience.
The face of the modern workplace is changing. It’s a matter of several things, companies are going global, or at least employing workers in places all over the globe. With this state of a new workplace and force, it is a good idea to take a look at this thing we call remote work, and all of its implications.
Nearly 7 in 10 business leaders have experienced at least one corporate crisis in the past 5 years…
The Open Door Policy is the new wave into corporate communications, allowing every message to navigate up and down across the hierarchies.
Formal workplace mentorship can help formalize knowledge sharing and ensure a continuous flow of experience exchange between senior and junior staff.
Highly motivated and engaged employees equal corporate success. But how do you constantly keep your people driven around the common purpose? You create an environment where the employees’ motivation to do their best job comes from within them. In other words, you try to foster intrinsic motivation.
Human beings are prone to a number of cognitive biases. These biases can often result in clouding our judgment and hinder us from making good decisions. You can train your mind to make better decisions, including critical decisions at the workplace or for achieving business goals. In this article, we explore ways on how Critical Thinking can help to achieve your business goals.
Best SWOT Analysis Templates for PowerPoint
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When it comes to exploring the strengths, weaknesses, opportunities and threats for a business or venture, the best method is to construct a SWOT Analysis
A retrospective is a solid method for regularly analyzing your process efficacy and taking corrective action before the project gets off track. In this article, we explore the main principles and methods of Agile Retrospective.