McKinsey 7S
In the ACCA SBL syllabus, the only model covered on company culture is the cultural web.
Groupthink
Groupthink is a term developed by social psychologist Irving Janis in 1972 to describe suboptimal decisions made by a...
Impostor Syndrome
Impostor syndrome, or impostor experience, is the lack of ability to internalise personal accomplishments and the con...
Laissez-faire
Laissez-faire is a French phrase that translates to “allow to do.”
Diseconomies of Scale
Diseconomies of scale occur when an additional production unit of output increases marginal costs, which results in r...
Office Politics
Office politics exist in virtually all organisations.
Business Strategy vs Business Model
Setting up and successfully running a business involves differentiating between business strategy vs business model.
Socialism vs. Capitalism
In the economics study, socialism vs capitalism represents opposing schools of thought.