Definition: A company is a legal entity formed by people or groups to engage in commercial activities or operate a business. The company members share a common goal, forming an association to achieve shared objectives. A company can be either private or public. Both types of businesses have their own set of rules and regulations …
McGregor’s X and Y Theories was developed by social psychologist Douglas McGregor in the 1960s. He established the two contrasting theories to understand a manager’s beliefs regarding employee motivation and its effect on management style. What Is The McGregor X and Y Theories? McGregor’s X and Y Theories are contrasting theories that depict two different …
American psychologist Abraham Maslow introduced Maslow’s Hierarchy of Needs in his paper “A Theory of Human Motivation.” This theory says that each human has five levels of needs based on their importance, and achieving the needs of all levels leads to complete satisfaction. Definition: Maslow’s Hierarchy of Needs explains what motivates a human being and …
Definition: A whitepaper (or white paper) is a document issued by governments, organizations, or not-for-profit organizations to provide information on policies, regulations, findings, services, products, etc. A white paper can provide a solution to any problem, analysis of an issue, or opinion on an issue that the public or audience is facing, supported by objective …