What is the zone of indifference and is it good or bad

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Assignment:

1. What is the zone of indifference and is it good or bad? Why would it be important to an organization?

2. "From the 1970s to the present, we have seen the various management schools of thought interwoven. One of the major approaches in modern management is the development of managerial theories. When people hear the word theory, they usually assume that it refers to something impractical and disconnected from real life. The reality is that theory is a prediction and an explanation. Since the 1970s, the concept of theory has entered into the management literature and has led to more rigorous research. The body of knowledge explored in this book about concepts such as strategy, organizational behavior, human resource management, and organizational theory has many roots from the 1970s. Management has been enriched over the last 40 years by the contributions from researchers in allied fields such as economics, psychology, and sociology."

What value do the practices and theories dating back upwards of 50 years have for todays managerial works? Why?

3. What is the idea of evidence-based management?

Reference no: EM133403488

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