Posted on January 30, 2024
What is the Dunning-Kruger Effect?
The Dunning-Kruger effect occurs when a person’s lack of knowledge and skill in a certain area causes them to overestimate their own competence. By contrast, this effect also drives those who excel in a given area to think… Read More
Posted on January 29, 2024
Market research source for Canada
Are you in Canada and you want some source for market research?here you go: Worth NotingYour library may have access to various online databases that can assist with research projects. Examples of these databases are Business Source Complete,… Read More
Posted on January 29, 2024
3 Types of Marketing Research Designs (Exploratory, Descriptive, Causal)
There are 3 types of marketing research designs, and they are: exploratory, descriptive, and casual. Exploratory research is used in obtaining preliminary information that will help identify the problem and hypothesis. It is done to understand what is happening… Read More
Posted on January 28, 2024
The Decoy Effect
he Decoy Effect is the phenomenon whereby adding a third pricing option makes the consumer change their preference towards an option the seller is trying to promote. The “decoy” is priced to make one of the other options… Read More
Posted on January 21, 2024
SYSTEMS THINKING: WHAT, WHY, WHEN, WHERE, AND HOW?
What Does Systems Thinking Involve? It’s important to remember that the term “systems thinking” can mean different things to different people. The discipline of systems thinking is more than just a collection of tools and methods – it’s… Read More
Posted on January 21, 2024
What Is Competency Development? (With Core Competencies)
When applying for a role or looking to advance as a professional, learning about the competencies an employer uses to determine your suitability can improve your chances of success. You can develop these skills to demonstrate that you’re… Read More
Posted on January 21, 2024
Shingo Model
The Shingo Guiding Principles are the basis for building a sustainable culture of organizational excellence. In the Guiding Principles diamond, the principles are divided into three dimensions: Cultural Enablers, Continuous Improvement, and Enterprise Alignment. Tools Systems Results Culture Shingo Guiding… Read More
Posted on January 21, 2024
What is Operational Excellence (OpEx)? and how does it help you strive for continuous improvement in a complex business environment?
Improving a business is about more than just increasing efficiencies or maximizing ROI. Today’s global economy also requires the flexibility to adjust to changing markets, conditions and technologies. Operational excellence is a way for organizations to create a… Read More