New Management Techniques Available to Enhance Business Knowledge

15 new management techniques are now available to KnowledgeBrief members. All techniques contain MBA-level content and are Chartered Management Institute approved. They join a library of over 600 techniques that supply readers with a concise overview of each technique as well as business evidence, application, professional tools and more to greatly enhance knowledge of that particular technique.

The new techniques available are:

1. Consumer Price Index (CPI): The concept describes the Consumer Price Index (CPI) as an important economic indicator used by governments around the world. It explains how the CPI is calculated and why, and provides an overview of its strengths and weaknesses, as well as implementation advice.
2. Collective Bargaining: The concept describes how collective bargaining facilitates negotiations between employers and groups of employees. It outlines the benefits and drawbacks for different stakeholders and offers step-by-step implementation advice to help ensure a collective bargaining agreement (CBA) can be reached.
3. Consolidated Accounting: Consolidated accounts combine the financial statements of separate legal entities controlled by a parent company into a set of financial statements for the entire group of companies. The concepts explain the advantages and drawbacks of this approach, how to implement it and various measures and success factors.
4. Coefficient of Elasticity: The concept describes the importance of understanding the price elasticity of demand. The concept explains how the quantity demanded of a good or service responds to a change in the price of that good or service and provides case studies of organisations that apply the coefficient of elasticity to perform better.
5. Coase Theorem: The concept explains one of the most influential theories in economics. It describes the fundamental principles of the theory - as well as its strengths and weaknesses - and illustrates the theory in use through various case study examples.
6. Classical and Operant Conditioning: The concept explains the psychological principles of classical and operant conditioning. Using case studies and research evidence, the concept describes how most of our everyday behaviours are shaped by the pairing of stimuli and how businesses can use conditioning principles to improve employee performance and other business outcomes.
7. Co-creation: Co-creation is one of the most powerful ways to engage customers and deliver unique value. Using illustrative case studies, the concept explains how companies and customers can co-construct products, services and experiences.
8. Asymmetric Information: Understanding information asymmetry is fundamental to successful business interactions and negotiations, as companies and consumers invariably hold imperfect information about one another. Using case studies and critical success factors, the concept explains how companies can use information asymmetry to their advantage.
9. Innovation Capital: Innovation capital is critical to building a competitive advantage in the knowledge economy. The concept explains how organisations can leverage their unique organisational knowledge to create economies of scale and scope, as well as differentiation.
10. Asset Building to Support Innovation Opportunity: The concept explains how and why organisations should build and position their assets strategically to support innovation opportunities. It describes the types of assets that support innovation - as well as their limitations - and offers useful advice and guidance on implementation strategies.
11. Aggregate Demand: Aggregate demand is a fundamental principle of macroeconomics. The concept explains what is meant by the aggregate demand curve and what are its strengths and limitations and provides case evidence of aggregate demand in practice.
12. Accounting Distortions: All firm’s need a good understanding of the deliberate and non-deliberate processes that lead to accounting distortions. The concept explains how these distortions arise along with their effects and presents case studies of firms that have experienced accounting distortions, as well as success factors and measures for avoiding distortions.
13. Accounting Rate of Return: Accounting rate of return is a core ratio for investment analysis. The concept explains what ARR is, some of its strengths and weaknesses (and additional measures to compensate for these drawbacks) and the various different approaches to measuring and applying ARR.
14. Agency Theory: Agency theory is a useful framework for designing governance and controls in organisations. The concept offers a solid introduction to the topic by evaluating its strengths and weaknesses and uses case study evidence to demonstrate how the theory has been applied in different industries and contexts. Measures and success factors are also provided.
15. Allocative Efficiency: This describes the important economic idea of allocative efficiency. It explains the distinction between allocative efficiency and allocative inefficiency and provides economic case study evidence, as well as different types of measures of allocative efficiency.