Quick Guide: Understanding the Pareto 80/20 Principle
Some observations by economists, sociologists and philosophers have been remarkable in shaping the way people view the world. One such observation was by an Italian economist named Vilfredo Pareto. His observation regarding the wealth inequality in Italy led to the Pareto principle. This principle is also known as the 80/20 rule and explains something quite […]
Psychological Biases to Avoid When Decision-Making in Business
Psychological Biases are related to the way we process information and how we relate to others. In this post, you will learn more about how it affects you in business and personal environments.
How to Organize Decision Making Process using the Vroom-Yetton Decision Model
Decision-Making might be challenging with different kinds of leaders, therefore the Vroom-Yetton model allows for more clear understanding of how to make more informed choices.
The CEO’s Guide to RPA: Robotic Process Automation Explained
Robotic process automation (RPA) is one of the hot topics in the space of digital transformation. Organizations are heavily investing in reducing repetitive tasks of low value in order to migrate their talent to more sophisticated and creative responsibilities. This article provides an executive description of RPA and its current business state of the art.
How To Use SWOT Analysis or SOAR Analysis
Introduction The SWOT and the SOAR analysis models are two different business management tools that are used as organizational frameworks to enhance business performance. Some organizations use both methods, while other will choose one or the other. SWOT Analysis is an acronym for Strengths, Weaknesses, Opportunities and Threats. SOAR Analysis, on the other hand, stands […]
Awesome Circular Process Diagrams For PowerPoint Presentations
Process diagrams are quite essential for making business presentations. When it comes to such diagrams one may require the use of a specific shape to represent a process appropriately. Let’s take a look at some Circular Process Diagrams for PowerPoint.