Crowdsourcing

Crowdsourcing is a sourcing model in which individuals or organizations obtain services, including ideas, voting, micro-tasks and finances, from a large, relatively open and often rapidly-evolving group of participants. Currently, crowdsourcing typically involves using the internet to attract and d...

Dunning–Kruger effect

One day in 1995, a large, heavy middle-aged man robbed two Pittsburgh banks in broad daylight. He didn’t wear a mask or any sort of disguise. And he smiled at surveillance cameras before walking out of each bank. Later that night, police arrested a surprised McArthur Wheeler. When they showed him th...

Welcome to the VUCA world

VUCA is an acronym that stands for Volatile, Uncertain, Complex and Ambiguous (VUCA), a combination of qualities that, taken together, characterize the nature of some difficult conditions and situations. The term is also sometimes said to stand for the adjectives: volatile, uncertain, complex and am...

Abundance & Scarcity Mindset

"The 7 Habits of Highly Effective People” is a self-help business book written by Stephen Covey in 1989. I’m pretty sure that you’ve heard about it and seen in the bookshops, as it’s quite popular — more than twenty-five million copies have been sold worldwide according to Wikipedia. There are many...

Helicopter Money

What is helicopter money? Helicopter money is the term used for a large sum of new money that is printed and distributed among the public, to stimulate the economy during a recession or when interest rates fall to zero. It is also referred to as a helicopter drop, in reference to a helicopter scatt...

Hot Stove Rule: Employee Discipline

 The "Hot-Stove Rule" of Douglas McGregor gives a good illustration of how to impose disciplinary action without generating resentment. This rule draws an analogy between touching a hot stove, and undergoing discipline. When you touch a hot stove, your discipline is immediate, with warning, consiste...

Data Analysis and Data Analytics

Data Analysis VS. Data Analytics Dr. Abdulrahman M. Aljamouss Assistant Professor, Business Development Data is everywhere, If we said : I can’t find data that I need – data is scattered over many versions with differences. I can’t understand data.– data didn't documented as well . I can’t u...

Supply Chain Management

Supply Chain Management Dr. Abdulrahman M. Aljamouss Assistant Professor, Business Development Understanding What Logistics and SCM Are About Council of SCM Professionals (CSCMP) Saied, when talking about evaluation of SCM's performance it is important to acknowledge that we have misunderstood....

Warehouse Operations Management

Warehouse Operations Management Dr. Abdulrahman M. Aljamouss Assistant Professor, Business Development The economic importance of Warehousing: Economic utility of Warehousing The value in achieving customer needs or wants. Possession utility: The product can be owned by the custo...