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Example of risk assessment: A NASA model showing areas at high risk from impact for the International Space Station. Risk management is the identification, evaluation, and prioritization of risks followed by coordinated and economical application of resources to minimize, monitor, and control the probability or impact of unfortunate events or to maximize the realization of opportunities.
Theory X is based on negative assumptions regarding the typical worker. This management style assumes that the typical worker has little ambition, avoids responsibility, and is individual-goal oriented. In general, Theory X style managers believe their employees are less intelligent, lazier, and work solely for a sustainable income.
A big part of waste management deals with municipal solid waste, which is created by industrial, commercial, and household activity. [4] Waste management practices are not uniform among countries (developed and developing nations); regions (urban and rural areas), and residential and industrial sectors can all take different approaches. [5]
Maslow on Management (originally Eupsychian Management: A Journal) is a work on industrial psychology by Abraham Maslow, first published in 1965.Maslow's work is frequently invoked in attempts to explain and predict work behavior. [1]
Trait theory tends to focus on the individual over the situation in which they are in. [10] This focus has relaxed within modern studies allowing for a consideration of the external factors outside of the self. As the focus becomes more relaxed (but still prominent as it is a main part of the theory) research expands.
Henry Laurence Gantt (/ ɡ æ n t /; May 20, 1861 – November 23, 1919) was an American mechanical engineer and management consultant who is best known for his work in the development of scientific management.
In finance, the Markowitz model ─ put forward by Harry Markowitz in 1952 ─ is a portfolio optimization model; it assists in the selection of the most efficient portfolio by analyzing various possible portfolios of the given securities.
The range of highway capacities at a bottleneck in Kerner’s three-phase traffic theory contradicts fundamentally the classical understanding of stochastic highway capacity as well as traffic theories and methods for traffic management and traffic control which at any time assume the existence of a particular highway capacity.