Definition: The Maslow’s Need Hierarchy is given by Abraham Maslow, who has explained the strength of certain needs at the different point of time. Maslow has given a framework that helps to understand the strength of needs and how a person moves from one need to the other when the basic needs are fulfilled. These needs are arranged in the hierarchical form as shown … [Read more...] about Maslow’s Need Hierarchy
Theories of Motivation
Definition: There are several Theories of Motivation that are developed to explain the concept of “Motivation”. The motivation is a drive that forces an individual to work in a certain way. It is the energy that pushes us to work hard to accomplish the goals, even if the conditions are not going our way. With the establishment of human organizations, people tried to find out … [Read more...] about Theories of Motivation
Social Learning Theory
Definition: The Social Learning Theory is given by Albert Bandura, who believed that individual learns behavior by observing the others. Simply, by observing the other person’s behavior, attitude, and the outcome of that behavior, an individual learns how to behave in a given situation, depending on the consequences observed. The social learning theory acts a bridge between … [Read more...] about Social Learning Theory
Cognitive Learning Theory
Definition: Edward Tolman has contributed significantly to the Cognitive Learning Theory. According to him, individuals not only responds to stimuli but also act on beliefs, thoughts, attitudes, feelings and strive towards goals. In other words, An individual creates a cognitive map in his mind, i.e. an image of the external environment, preserves and organizes information … [Read more...] about Cognitive Learning Theory
Operant Conditioning
Definition: The Operant Conditioning theory states that people are likely to emit responses that are rewarded and will not emit any responses that are neither followed by any reward nor punishment. Thus, an individual tries to establish an association between a particular behavior and consequence. The Operant Conditioning Theory is given by B.F. Skinner, who believed that … [Read more...] about Operant Conditioning
Classical Conditioning Theory
Definition: The Classical Conditioning Theory was proposed by a Russian Physiologist Ivan Pavlov. According to this theory, behavior is learnt by a repetitive association between the response and the stimulus. The classical conditioning theory is based on the assumption that learning is developed through the interactions with the environment. Also, the environment shapes the … [Read more...] about Classical Conditioning Theory
Conditioning Theory
Definition: The Conditioning Theory refers to the behavioral process, whereby a reaction (response) becomes more frequent to a given object (stimulus) as a result of reinforcement, which is a reward for the response in a given situation. In other words, conditioning is a process in which the ineffective object or event becomes so much effective that it makes the hidden … [Read more...] about Conditioning Theory
Theories of Learning
Definition: The Learning is the enduring change in the behavior brought about as consequences of experience. Simply, learning is the acquisition of new behaviors. It is agreed that learning involves changes in the behavior, that we practice in our daily lives and which becomes a permanent part of our existing set of behaviors. Several experts are still skeptical about the … [Read more...] about Theories of Learning
Motives for Holding Cash
Definition: The Motives for Holding Cash is simple, the cash inflows and outflows are not well synchronized, i.e. sometimes the cash inflows are more than the cash outflows while at other times the cash outflows could be more. Hence, the cash is held by the firms to meet the certain as well as uncertain situations. Motives for Holding Cash Majorly there are three motives for … [Read more...] about Motives for Holding Cash
Cash Management
Definition: The Cash Management is concerned with the collection, disbursement and the management of cash in such a way that firm’s liquidity is maintained. In other words, it is concerned with managing the cash flows within and outside the firm and making decisions with respect to the investment of surplus cash or raising the cash from outside for financing the deficit. The … [Read more...] about Cash Management