Search results
Results from the WOW.Com Content Network
Business cycles are a type of fluctuation found in the aggregate economic activity of nations that organize their work mainly in business enterprises: a cycle consists of expansions occurring at about the same time in many economic activities, followed by similarly general recessions, contractions, and revivals which merge into the expansion ...
A nerd is a person seen as overly intellectual, obsessive, introverted, or lacking social skills.Such a person may spend inordinate amounts of time on unpopular, little known, or non-mainstream activities, which are generally either highly technical, abstract, or relating to niche topics such as science fiction or fantasy, to the exclusion of more mainstream activities.
A belief that taking action without thinking is the cause of every failure. The need for community. Early in his career, Drucker predicted the "end of economic man" and advocated the creation of a "plant community", [47] where an individual's social needs could be met. He later acknowledged that the plant community never materialized, and by ...
Business ethics operates on the premise, for example, that the ethical operation of a private business is possible—those who dispute that premise, such as libertarian socialists (who contend that "business ethics" is an oxymoron) do so by definition outside of the domain of business ethics proper. [citation needed]
Mental accounting is a behavioral bias that causes one to separate money into different categories known as mental accounts either based on the source or the intention of the money. [58] Anchoring. Anchoring describes when people have a mental reference point with which they compare results to. For example, a person who anticipates that the ...
The Innovator's Dilemma: When New Technologies Cause Great Firms to Fail, first published in 1997, is the best-known work of the Harvard professor and businessman Clayton Christensen. It expands on the concept of disruptive technologies , a term he coined in a 1995 article "Disruptive Technologies: Catching the Wave". [ 1 ]
Business processes occur at all organizational levels and may or may not be visible to the customers. [1] [2] [3] A business process may often be visualized (modeled) as a flowchart of a sequence of activities with interleaving decision points or as a process matrix of a sequence of activities with relevance rules based on data in the process.
Now given a new item, first classify into a latent group which is called coarse level classification. Then, do a second round of classification to find the category to which the item belongs to. [4] Every time a credit card or a store loyalty card is being used, or a warranty card is being filled, data is being collected about the user's behavior.