The contingency approach to management allows managers to use elements from different schools of thought to respond to situations. It rejects the idea that there is a best way to manage and emphasizes fitting the chosen action to the situation at hand. The contingency approach is a form of business management in which the manager […]
The systems approach views related elements as a whole entity, with roots in the 1940s. General Systems Theory combines systems thinking and biology into a universal theory of living systems. Systems use positive and negative feedback to maintain homeostasis. The approach is used in many fields and has inspired Synergy and Futurology. The systems approach […]
Beijing historically heated apartments with coal-fired boilers, but is switching to natural gas. The central heating system is turned on from November 15 to March 15, with some exceptions. Residents pay around $500 USD for four months of heat. Newly built homes in the suburbs surrounding Beijing are heated by electricity, but historically coal-fired boilers […]
The expenditure approach calculates GDP by adding expenditure on goods and services, with four main categories: consumption, investment, government spending, and domestic exports. However, it has flaws, such as not counting goods and services produced for personal use. Analysts can use multiple methods to study changes in GDP and compensate for weaknesses. The approach provides […]
Different approaches to community development include utilizing existing resources, strengthening relationships and families through faith-based programs, focusing on community assets through resource-based programs, and combining government agencies and corporations to improve the local economy and foster social change. Faith-based institutions have historically played a significant role in community development. Resource-based programs incentivize community involvement in […]
The sales comparison approach is used by real estate appraisers to determine a property’s value by comparing it to similar properties in the same neighborhood. Adjustments are made for unique features, and economic concepts such as supply, demand, and substitution are taken into account. A sales comparison approach is one of the ways that real […]
The deductive method starts with a general case and draws a conclusion about something specific, while inductive reasoning starts with specific cases and draws a general conclusion. The deductive method is often used in crime fiction and real-life crime solving situations, as well as in everyday life and research in various fields. Syllogism is a […]
The Orton-Gillingham method was developed by Anna Gillingham and Samuel Orton in the 20th century. It emphasizes a multidisciplinary learning style and triple reinforcement. It is beneficial for young children and those with dyslexia or learning disabilities, but its effectiveness in widespread use is conflicting. The Academy of Orton-Gillingham Practitioners and Educators offers accreditation to […]
The peanut butter approach is when a company applies the same tactics to all aspects of the business, such as evenly cutting 10% of the workforce across all departments. This approach can have drawbacks and may not be suitable for all departments or aspects of a company. Business experts suggest assessing each department’s individual needs […]
The logical framework approach is a project management tool used in international contexts, with planning and design stages allowing for stakeholder input. Implementation may be slower, and review and evaluation rely heavily on communication. However, the lack of design flexibility and potential low returns on investment are drawbacks. The logical framework approach is a project […]
The comparative sales approach is used by property appraisers to determine the value of a property by looking at the selling price of similar properties in the same neighborhood. Adjustments are made for unique characteristics. Completed sales are used and subject to supply, demand, and substitution concepts. Unique characteristics may require adjustments. A comparative sales […]
