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In economics, coordination failure is a concept that can explain recessions through the failure of firms and other price setters to coordinate. [1] In an economic system with multiple equilibria, coordination failure occurs when a group of firms could achieve a more desirable equilibrium but fail to because they do not coordinate their decision making. [2]
Crisis management is the process by which an organization deals with a disruptive and unexpected event that threatens to harm the organization or its stakeholders. [1] The study of crisis management originated with large-scale industrial and environmental disasters in the 1980s.
Failure mode effects and criticality analysis (FMECA) is an extension of failure mode and effects analysis (FMEA). FMEA is a bottom-up , inductive analytical method which may be performed at either the functional or piece-part level.
Goal setting can be guided by goal-setting criteria (or rules) such as SMART criteria. [3] Goal setting is a major component of personal-development and management literature. Studies by Edwin A. Locke and his colleagues, most notably, Gary Latham [ 4 ] have shown that more specific and ambitious goals lead to more performance improvement than ...
A Colossal Failure of Common Sense: The Inside Story of the Collapse of Lehman Brothers is a 2009 non-fiction book written by Lawrence G. McDonald and Patrick Robinson which chronicles the events surrounding the bankruptcy of Lehman Brothers in the context of the financial crisis of 2007–2010 and the subprime mortgage crisis.
The 2004 Boston Red Sox, seen here at the White House, were the first MLB team to win a game seven after being down 3–0 in a series.. Three major North American professional sports leagues have playoff series that can reach a seventh game: Major League Baseball (MLB), the National Basketball Association (NBA), and the National Hockey League (NHL).
The opposite of standardized testing is non-standardized testing, in which either significantly different tests are given to different test takers, or the same test is assigned under significantly different conditions (e.g., one group is permitted far less time to complete the test than the next group) or evaluated differently (e.g., the same ...
An outcome failure is a failure to obtain a good or service at all; a process failure is a failure to receive the good or service in an appropriate or preferable way. [6] Thus, a person who is only interested in the final outcome of an activity would consider it to be an outcome failure if the core issue has not been resolved or a core need is ...