Definition: A strategic business unit (SBU) is an independent unit or business division in an organization with its own objectives and vision. These objectives can be different from the parent organization but support the long-term goals of the organization. An organization with diversified portfolios can have multiple strategic business units with different objectives but serving …
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 …