Definition: Vestibule training is a training method where an organization trains its employees offsite using the same or similar tools and equipment in a simulated environment. Vestibule training is also known as “near the job training.” This training is useful when training employees on-site is too costly or dangerous. Because of the cost involved in …
The Value Disciplines Model was created by Michael Treacy and Fred Wiersema in their book “The Discipline of Market Leaders.” This model explains three value disciplines that an organization can use to create value and stay ahead of the competition. Businesses of all sizes, shapes, and belonging to any sector can use this model. What …
Fiedler’s Contingency Model of Leadership was introduced in 1964. This model was developed by Fred Fiedler, an Austrian psychologist, and researcher by profession, who studied the characteristics and personalities of leaders from different domains. In his theory, Fiedler talked about the criticality of the leader’s personality and the situation to figure out the best leadership …
Consider a business that is doing well but has fewer growth opportunities and another business doing poorly in an attractive growing market. Where will the business invest? Organizations have limited resources, and there is always competition for these resources among different teams, departments, and business units. Organizations with diversified portfolios find it challenging to decide …