1 to 5
The motivation theory assumes workers are inherently lazy and must be closely supervised and controlled.
What is X?
The type of inferior product paradoxically sees demand rise when its price increases, defying the typical law of demand.
What is a Giffen Good?
The broad strategies guide businesses in competing in the market: growth, stability, and retrenchment.
What are the three grand strategies?
The term to describe the self-regulating nature of markets, where individual pursuit of self-interest can lead to societal benefits.
What is the Invisible Hand?
A market structure in which a single seller dominates, often limiting competition and controlling prices.
What is a Monopoly?
The campaign stopped a dictator in his tracks during Chile’s 1988 referendum by selling hope, joy, and a democratic future.
What is "NO"?
The framework organizes corporate social responsibility into four levels: economic, legal, ethical, and philanthropic responsibilities.
What is Carroll’s Pyramid?
The theory condenses Maslow’s hierarchy into three core needs: existence, relatedness, and growth.
What is ERG theory? (C.Alderfer)
In economics, this term refers to the value of the next best alternative that must be given up when making a choice.
What is opportunity cost?
Favoring relatives or friends for jobs and promotions over more qualified candidates.
What is Nepotism?
A form of business ownership in which owners have limited personal liability while profits and losses typically pass through to their personal tax returns.
What is an LLC?
Named after a series of studies led by Elton Mayo, this phenomenon occurs when individuals improve their performance simply because they know they are being observed.
What is the Hawthorne Effect?
The sustainability framework evaluates business performance through three pillars: people, planet, and profit.
What is the triple bottom line?
The idea, coined by Herbert Simon, that managers make decisions with limited information, cognitive constraints, and time restrictions.
What is Bounded Rationality?
The ability of individuals, teams, or organizations to recover quickly from setbacks, adapt to change, and keep moving forward.
What is resilience?
The strategic framework evaluates a firm’s resources based on value, rarity, imitability, and organizational support to determine sustained competitive advantage.
What is VRIO?
As part of Scientific Management, these charts were developed to visually schedule tasks and track project progress.
What are Gantt Charts?
The trio of accounting categories—assets, liabilities, and equity—are elements of this financial statement.
What is the balance sheet?
An invisible barrier that prevents certain groups—often women and minorities—from advancing to top positions in organizations.
What is the Glass Ceiling?
The act of exposing illegal or unethical practices within an organization to internal authorities or the public.
What is Whistleblowing?
The concept refers to the benefits customers perceive relative to the cost they pay.
What is value?
The framework developed to analyze an industry’s structure through the bargaining power of suppliers and buyers, threat of new entrants and substitutes, and competitive rivalry.
What is Porter’s Five Forces?
According to Robert Katz, this is the third type of managerial skill, allowing managers to see the organization as a whole and understand how its parts are interrelated.
What are Conceptual Skills?
The type of funding comes from wealthy individuals who provide capital to startups in exchange for ownership equity or convertible debt.
What is Angel Investment?
A fraudulent investment operation, famously run by Bernie Madoff, that pays returns to earlier investors using the capital from newer investors.
What is a Ponzi Scheme?