Maslow Pyramid Concept Created by Abraham H. Maslow, and also known as the Pyramid of Needs, the Maslow Pyramid ranks the human needs in an ascendant scale with the aim to understand the people’s motivations. The needs described by Maslow are, by ascending order, the following: Physiologic Needs: represent the instinctive needs of survival such […]

Life and Work of Abraham H. Maslow: Abraham H. Maslow was one of the authors that investigated the most human motivations in general, being his main…

Material concept According to the International Accounting Standards, omissions or misstatements of items are material if they could, individually or collectively, influence the economic decisions of users taken on the basis of the financial statements. Materiality depends on the size and nature of the omission or misstatement judged in the surrounding circumstances. The size or […]

MBA Concept MBA is an English acronym for Master’s Degree in Business Administration and consists in a general education program and post-graduation in management and, usually, post professional experience and has an average length that can vary between 1 and 2 years. Most MBA’s are composed by a frame of mandatory courses and by a […]

McClelland Needs Theory Presentation: Developed in the decade of 60 of the past century by David McClelland, McClelland Needs Theory is…

Mckinsey 7 S’s Model Concept 7 S’s Model developed by McKinsey consultants starts from the assumption that a manager’s effectiveness is determined by the strategy and by the organization structure. In fact, the management practiced, organizations’ structure and the strategy followed are related among themselves through a complex network of seven characteristic factors of the […]

Merchandising Concept The term from English origin “Merchandising” designates a set of products and services presentation optimization techniques in the sales point. Merchandising’s development is largely due to the appearance of the free-service concept and to the exponential growth of products available in the market. Even though the merchandising techniques begun to be developed by […]

Mission Concept The organizations’ mission corresponds to the reason of being of the organization and forms the sum of all values, goals and organization intentions, or by other words, corresponds to the identification of the organizations’ business definition. Representing the identification of the organization itself and the justification for its reason to exist, mission forms […]

Money Search Concept: Money Search by the economic agents represents the quantity of money that these want to detain…

Moral Hazard Concept: The expression moral hazard designates a kind of market failure in which the existence of an insurance…