Outplacement

Outplacement Concept Outplacement corresponds to a business practice born in the United States and that intends to support the dismissed employees in the process of professional reintegration in other companies. Initially this practice was developed inside the companies that made the dismissals with the aim to reduce the social impact of dismissals and minimize its […]

Outsourcing

Outsourcing Concept Outsourcing is a way to raise values to a business converting an internal costs centre into an external service through subcontracting, allowing the release of organization’s resources and managers to concentrate their attentions in the business areas of high strategy significance. The two main advantages of outsourcing are: the release of resources (including […]

Paretos’ Diagram

Paretos’ Diagram Concept: Paretos’ Diagram constitutes one of the tools used in quality control and was initially defined by…

Participative Management

Participative Management Concept: Participative Management designates a kind of organizations’ management which places the emphasis in…

Passive Interest Rate

Passive Interest Rate Concept: Passive Interest Rate designates an interest rate that banks pay for the loans that obtain in the…

PDCA Cycle

PDCA Cycle Concept: PDCA Cycle (acronym of the English terms Plan, Do, Check and Act), also known as Deming Cycle as a tribute to…

Permanent Income Hypothesis

Permanent Income Hypothesis Concept: According to the Permanent Income Hypothesis, created by Milton Friedman, the consumers answer in…

Personality and Organization (Book)

Summary of the Book “Personality and Organization” In “Personality and Organization”, a true classic of behavioral science, written by Chris Argyris in 1957, is defended that companies and its success depend fundamentally from people. The great theme of the book is, so, the way how personal development is, and should be, related with the work […]

PEST Analysis

PEST Analysis Concept PEST Analysis is a model of the organizations’ macro-environmental external surroundings analysis, which acronym corresponds to the initials of the four groups of factors or environmental variables to be analyzed, namely: Political-Legal Variables: governmental stability, legislation and markets’ regulation, tax policy, labor legislation … Economic Variables: product evolution, tax rate, inflation rate, […]

Philip Crosby

Philip Crosby’s Biography: Philip Crosby was born in the United States in 1926, in Wheeling West Virginia. In 1952 worked as…