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Streetlight Effect: Definition, Implications & Examples
Introduction Like the famous quote by Mark Twain, “It ain’t what you don’t know that gets you into trouble. It’s what you know for sure that ain’t so.” The Streetlight Effect is the tendency for individuals and organizations to search for answers in the easiest of places. This leads them to convincing results that are…
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Free Online Hospitality & Hotel Management Courses 2022
Introduction Hotel management is the process of facilitating a seamless operation across all facets of the hotel industry. Gaining an advantage in this business or pursuing a career in the hospitality industry requires continuous learning on all aspects of managing the hotel business successfully. Continuous learning in hotel management is depicted by showing interest and…
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Survey Quality Framework Checklist: Applications, Benefits & Limitations
Introduction Retrieving quality data through surveys involves a whole lot, from the selection of the right participants to survey design, to the mode of administering the surveys, and lots more. Quality surveys and quality data collection is best achieved via a Survey Quality Framework Checklist, a documented guide to help achieve great results. This post…
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Real Estate Certification Programs In 2022
Real estate certifications demonstrate your skills, knowledge, and dedication to advancing your real estate career in a specific niche, which impresses clients and other real estate firms. Being a member of real estate institutes and associations is your first step to acquiring these qualifications. You’d also need to take a couple of courses specifically designed…
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Latent Variables: Definition Examples & Measurement
In most social science experiments, there is no direct measure of concepts. Instead, we use observable measures to quantify the value of the hidden trait. Latent variables are the hidden or unobserved elements we’re measuring in this experiment. Before being used, latent variables must also be tested and proven to be valid and reliable indicators.…
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Product Surveys: The Hows, Dos, and Don’ts
When filling out a product survey, you may notice that some are too stiff; it’s almost like they are coercing you to give a review of the product. Sometimes it’s the way the questions are framed; they ask you questions that don’t allow you to express your feelings about the product. Product surveys are an…
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15 Most Common Event-Planning Mistakes & How to Avoid Them
As an event planner, allowing minor details to slip through the cracks can be disastrous. Leaving a single task out can cause your event to massively flop. The last thing you need is for your events to fail; when they do, people can be downright vengeful, from warning their contacts not to do business with…
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Complete Guide to Measuring Employee Morale (Free Templates + Examples)
Measuring employee morale is an important part of managing a successful workforce; 89% of HR executives agreed that checking in with employees and conducting peer reviews increase workplace productivity and employee growth. A study also shows that employees who feel their opinions are heard are 4.6 times more likely to have high morale to do…
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16 Most Important Inventory Management KPIs and Metrics
Inventory management is a pretty complicated process. It involves tracking all activities from material purchase, production, and storage to sales and delivery. The primary goal of inventory management is to keep customers happy while increasing sales and revenue. Manually tracking inventory can be difficult for companies with extensive inventories and orders coming in constantly. The…
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Inventory Management Certification Programs In 2022
Inventory management is a critical component of running a profitable business. Yes, paying attention to inventory and effectively managing it can skyrocket business performance. So, employers place a high value on having a qualified inventory manager who can effectively manage their supply chain to achieve high customer satisfaction and profitability. Inventory management certifications authenticate your…