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MBA entrance exam
The Balance of Nature
The concepts of balance and harmony in nature are widely accepted, no matter what philosophical beliefs one subscribes to. Nature is, after all, a complex system with interconnected parts, shaped by and interacting with its environment. Everything from a beetle to a mountain......
1038 
Emma
flywheel effect
The Flywheel Effect
In business, the flywheel effect describes the exponential growth that happens when a company applies a consistent effort to improve its customer experience and use customer feedback to drive continuous improvement. When applied, this strategy can help companies significantly ......
international firms
International Business
International business involves the process of managing business operations in countries outside of the home country. A business can be considered international when it takes part in commercial activities that cross cultural boundaries and trade with other countries. Many a......
sycophant effect
The concept of the Butterfly Effect dates back to the 19th century, when Edward Lorenz became intrigued by the idea of whether changes in one part of a system affected another part. He proposed that even a small change in the initial state of a dynamical system could have large effects on its even......
Enterprise loss allowance
Subsidizing Corporate Losses
In the current challenging economic climate, many businesses are facing a significant drop in sales and profits, leaving many companies with no other option than to close their doors. The devastating effects of this type of economic downturn can be felt throughout the......
The Butterfly Effect
THE BUTTERFLY EFFECT
The butterfly effect is a concept that describes how small, seemingly inconsequential changes can have large, far-reaching effects in the future. The metaphor was first used in the 1960s by Edward Lorenz, an American mathematician and meteorologist. While giving a talk about ......
monetary item
Money Matters
Making sound financial decisions is key to achieving well-being in life. It might be argued that money cannot buy happiness but it can significantly help bring stability. To make wise decisions financially, it is important to understand why money matters and the consequences of how ......
HR crisis
The Human Resources Crisis
The global economic recession has been felt worldwide, with jobs being slashed and unemployment rates , soaring to all-time highs in many countries. This has led to a human resources crisis, with companies scrambling to make cuts in staff and resources without sacrifici......
systems thinking
Systems Thinking
Systems thinking is an approach that encourages an individual to actively consider the wider perspective of the broader system in which they are operating, rather than focusing on components such as individual goals, issues and players. By taking into account the different elemen......
Chief Technology Officer
Data Analysis Technology for Big Data
In today’s world, more and more organizations are seeing the advantage of using data analysis technology for big data. Big data is large and complex data sets, including but not limited to; customer information, purchase history, website traffic, market rese......
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