economic dictionary

Our clear collection of technical terms and their definitions will help you find your way around our website quickly and easily.

Organizational Structure: Definition, Types, and Organizational Chart

  The organizational structure describes the hierarchical framework of a company. It defines who is responsible for which tasks, who makes decisions, and how information flows. It is depicted[…]

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Matrix Organization: Definition, Structure, and Successful Implementation

Growth Mindset in the Workplace: A Growth Mindset as a Key to Success

  A growth mindset is the belief that skills and intelligence can be developed through learning, practice, and effort. Stanford psychologist Carol Dweck coined the term as[…]

Conflicting Goals: Definition, Causes, and Solutions

Table of Contents Conflict of Objectives Definition: What Exactly Does This Mean? Causes of Conflicts of Objectives Types of Conflicts of Objectives In Practice: An Overview of Every Classic Example of a Conflict of Objectives Effects of Conflicts of Objectives[…]

goal setting

Goal setting refers to the process of defining clear, specific, and achievable goals that provide a framework for future actions. It is an essential part of strategic[…]

Social intelligence

Social intelligence describes the ability to act empathetically, appropriately, and effectively in interpersonal relationships. It encompasses the perception and understanding of feelings, motives, and[…]

Change Story

  A change story is an essential component of change management. As a compelling change management story, it is a narrative account of the planned change process in[…]

Process Consulting: Definition, Methods, and Examples

Process consulting refers to a specialized form of consulting that supports companies in analyzing, improving, and sustainably transforming their business processes. Unlike conventional consulting approaches, which […]

strategy consulting

Strategy consulting is a specialized discipline within management consulting that focuses on the development, implementation, and optimization of long-term corporate strategies. This form of change management consulting[…]

CHANGE MANAGEMENT IN S/4HANA TRANSFORMATIONS FOCUSING ON PEOPLE

ChatGPT Driver's License: How Companies Minimize Legal and Compliance Risks