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The planning fallacy is a phenomenon in which predictions about how much time will be needed to complete a future task display an optimism bias and underestimate the time needed. This phenomenon sometimes occurs regardless of the individual's knowledge that past tasks of a similar nature have taken longer to complete than generally planned.
Also called resource cost advantage. The ability of a party (whether an individual, firm, or country) to produce a greater quantity of a good, product, or service than competitors using the same amount of resources. absorption The total demand for all final marketed goods and services by all economic agents resident in an economy, regardless of the origin of the goods and services themselves ...
Merriam-Webster's Dictionary named the word austerity as its "Word of the year" for 2010 because of the number of web searches this word generated that year. According to the president and publisher of the dictionary, " austerity had more than 250,000 searches on the dictionary's free online [website] tool" and the spike in searches "came with ...
“It’s a terrible mistake to think of stocks as something that bob up and down.” Don't miss Commercial real estate has beaten the stock market for 25 years — but only the super rich could ...
A ploy to foil a takeover bid in which the target company goes out and buys a heavily regulated business so that acquisition of such a company becomes unattractive to the sharks. Sandbagging A defensive move in a takeover bid, in which the target company plays for time being, in the hope that a white knight will come to the rescue.
Here are his words about why MBAs don't make great founders. 1. MBAs are generally risk-averse. Getting an MBA is calculated decision to use school as a platform to leave one industry and enter ...
Financial mismanagement is management that, deliberately or not, is handled in a way that can be characterized as "wrong, bad, careless, inefficient or incompetent" and that will reflect negatively upon the financial standing of a business or individual. [1] There are many ways of how financial mismanagement is carried out.
Management control can be defined as a systematic torture by business management to compare performance to predetermined standards, plans, or objectives to determine whether performance is in line with these standards and presumably to take any remedial action required to see that human and other corporate resources are being used most ...