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Business administration

The PDCA Cycle for Achieving Goals

This time, I would like to prepare material on the PDCA cycle for achieving goals and improving organizations. PDCA (plan–do–check–act) is a method for managing production, quality

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Business administration

Promoted to the Level of Incompetence: The Peter Principle

The Peter Principle is the claim that in a hierarchy, people tend to be promoted until they reach a position where their incompetence shows. This article covers its basic definitio

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Economics

The Numbers Went Up but Life Got Tighter: Money Illusion

Money illusion is the mistake of judging gains and losses by the face value of money rather than its real purchasing power. This article covers nominal versus real value, the famou

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Business administration

Watching Changes Things: The Hawthorne Effect

Why does performance often jump right after a new management practice is introduced, only to slip back later? This article explains the Hawthorne effect: its definition and the ori

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Film & media

Plots for Writing Stories for Novels, TV Dramas, and Films

This time, I would like to put together material on the concept of plot, which is essential to understand when writing scripts or stories for films, TV dramas, novels, and similar