Five Factor Model Of Personality – Five Factor Model – Personality Model – Different Personalities Model – The 5 factor model of personality is a business psychology framework that helps analyze a stakeholder through openness to experience, emotional stability (neuroticism), extroversion, agreeableness and dependability (contentiousness).
Each stakeholder and/or individual is scored against these 5 factors. The score is then analyzed and depending on the result, one would adjust their actions or behavior to address the personality and the needs of the stakeholder. The analysis can be also completed on one self.
Affinity – Affinity Diagram – Affinity Analysis – Affinity Framework – Affinity diagrams are used to organize ideas and data during a brainstorming session. The ideas are grouped and segmented by various topics and/or relationships. Affinity diagrams are usually completed on yellow post notes.
The affinity charts are widely used within the practice of project management are one of the key 7 management and planning tools. This is also often referred to as a KJ Method. Essentially, the affinity process consists of two main steps – 1. record your ideas 2. look for relationships and organize ideas into meaningful buckets.
Kaizen – Kaizen Analysis – Continuous Improvement – Kaizen Framework – Kaizen Business Methodology – Kaizen model is a lean approach to continuous improvement of business processes and is at the heart of the Lean Six Sigma philosophy.
Kaizen worldview or mind frame is meant to be a continuous cycle consisting of the following stages: make problems visible, develop countermeasures, determine root cause of the business issues, hypothesize solution, test hypothesis, implement solution, standardize work. Below sample images are examples of Kaizen used in business management.
The term business model has gained incredible popularity in the last decade as one of the most important ways of approaching business innovation and business strategy. If you’re like most people, you probably define business model as a company’s plan for making money.
The “business model” for Microsoft, for instance, was to sell software for 120 bucks a pop that cost fifty cents to manufacture … The business model of most Internet companies was to attract huge crowds of people to a Web site, and then sell others the chance to advertise products to the crowds.
A successful business model just needs to collect more money from customers than it costs to make the product. This is your profit—simple as that. New business models can refine and improve any of the three components mentioned above. Maybe you can lower costs during design and manufacturing.
See below image for the Information technology architecture model9 diagram. An information technology architecture is a detailed description of the various information-processing assets needed to meet business objectives, the rules that govern them, and the information associated with them. It focuses on three basic tiers within the organization.
It affects three levels within an organization, including the server, middleware, and client. Documentation related to the architecture will include products, standards and guidelines, services, principles, and policies. Any plan to create an information technology architecture will involve creating this information.
IT architecture is the structural design of information technology. This is a broad area that includes several distinct practices: The top level structure of information technology. Defines foundational principles, platforms, models and standards to be used by the entire organization.
See below image for the Example of assessment process in students diagram. Some examples of assessment as learning include ipsative assessments, self-assessments and peer assessments. 6 Types of assessment to use in your classroom There’s a time and place for every type of assessment. Keep reading to find creative ways of delivering assessments and understanding your students’ learning process!
Assessment as learning Assessment as learning actively involves students in the learning process. It teaches critical thinking skills, problem-solving and encourages students to set achievable goals for themselves and objectively measure their progress. They can help engage students in the learning process, too!
There are hundreds of variations of classroom assessment techniques. Below are some of the more commonly known techniques: 3-2-1 Format is a quick and simple student writing activity. Focused Listing is a quick and simple student writing activity. Muddiest Point is a quick and simple technique where students identify a challenging …
See below image for the Assessment process of mission statement and business outcomes diagram. A mission statement defines what line of business a company is in, and why it exists or what purpose it serves. Every company should have a precise statement of purpose that gets people excited about what the company does and motivates them to become part of the organization.
The mission statement, vision, and values are traditionally the three most common descriptions of a business that explain why a company exists. In recent years, another type of statement has also emerged in the business world and is gaining more popularity. This type of statement is called a purpose statement.
I used the mission statement evaluation matrix to analysis the mission statement. The mission statement got the components such as products/services, market, concern for survival, growth, profitability, philosophy and concern for employees.
See below image for the Business process maturity assessment diagram. The maturity level of the process is assessed by evaluating a set of attributes required to ensure that the process can optimally contribute to du’s business objectives. The assessment is done on the following 10 attributes (having individual weights for each section) to determine a score (from 0 to 5) to reach a certain maturity level.
It is a maturity model of processes for system and software development. The successful usage of CMMI at Nedbank Limited (South Africa) suggested the idea of developing exactly the same model for business processes. This is how the Business Process Maturity Model (BPMM) emerged.
Appraisals of an organization’s process maturity examines the specific steps and activities the organization performs in a given business or technical domain and the extent to which the organization standardizes its processes to achieve more repeatable, predictable, and reliable results.
See below image for the Tech startup business plan diagram. As with any kind of business, a tech startup needs a basic business plan to begin with. It serves as the blueprint of the business. It lays out all the terms and conditions of the business, as well as its background and goals for the future. Each part of the business plan aims to convince the investors to take a risk on the business.
Even the most basic technology startup business plan example will seek to define your goals in more objective terms. For example, you can set specific targets for website traffic, sales volumes, or profit margins. This makes it easier to track and measure success and aligns your decision-making with sales and marketing initiatives.
With the wide use of technology being more prominent now than ever, many tech startups are making the attempt to make a breakthrough in the competitive market with their innovative (and sometimes peculiar) product and service offers for consumers to enjoy. You may also like business plan guidelines examples.
See below image for the Financial strategy model simulation diagram. What is Financial Modeling Simulation? What is Financial Modeling Financial modeling is performed in Excel to forecast a company’s financial performance. Overview of what is financial modeling, how & why to build a model. as a form of risk analysis.
Classic simulation techniques that take a top-down modeling approach are not suitable because the dynamics of financial markets are just too complicated to be represented by structural models.
Monte Carlo simulation is a standard technique in finance, but for strategic planning, Monte-Carlo implemented with self-optimizing variables are essential in producing realistic results. Financial models are crucial to the business but building them in Excel can be both complicated…
See below image for the Marketing process marketing assessment model6 diagram. Marketing Process – Marketing Assessment Model. A Marketing Assessment Model is an integral marketing process as it assists in determining whether or not goals are being met.
The Marketing Process can be divided into two large parts: the first one consists of activities that create value for customers. This is the largest and main part of the process, and can be further subdivided into four steps.
The fourth step in the first part of the Marketing Process which aims to create value for customers is to build profitable customer relationships with target customers. The factor leading to success in this goes beyond satisfying customers.
Business model vs. business strategy – what is the difference. Business model is about value creation and how it will be captured by the company. Strategy is about building a sustainable competitive advantage, delivering value to shareholders. The below diagram lists some of the key differences between business model and business strategy.
See below image for the Salary band structure diagram. Salary Bands. Salary Bands (or Pay Ranges) are how you define the target pay for employees within Job Grades. For each Level, a company should decide the low-end and high-end of the pay that Level will command.
Using a traditional salary structure, one job at the organization can have a salary range of $35,000 to $60,000, with the following pay grades: Companies that use the traditional salary structure may appreciate that it gives employees the opportunity to get promoted from one pay grade to the next.
However, what makes the broadband salary structure different is that it consolidates many pay grades into a few broader bands of pay, meaning there are fewer pay grades and each one has a wider salary range. Using a broadband salary structure, one role at the company may have a salary range of $45,000 to $80,000, with the following pay grades: