Two methods have proven themselves for agile working. These are Scrum and Design Thinking. A foresight process is also an important tool for agile working. It can help to continuously adapt the company to changing market conditions.
Scrum is a process model suitable for use in the rapid development of complex products in line with changing requirements. The method originated in software development. In the meantime, however, it is also successfully used for various types of change processes. Through the uncompromising feedback principle on which is based, each development status of a …
“Design Thinking” is a process model developed in 2003 by three Stanford professors that enables you to systematically develop entirely new business models, strategies and market services that inspire users (user-centric). The approach is reflected in the method of analysis. Customer journey mapping, a tracking of customers’ interactions with a particular company and recording their …
What is Change Management: A Definition Organisations sometimes reach a point where it makes no sense to continue in the same way. When even incremental changes would not be enough to lead to a better result, fundamental changes need to be considered and implemented. In such cases of significant change, we speak of change management. …
What are projects? According to DIN 69901, projects are concrete, new projects that are characterized by the uniqueness of their overall conditions. Projects are characterized by a project goal, by a defined beginning and a defined end as well as by financial and personnel delimitations from other projects. You often deal with innovative tasks, the …
Project management methods are not per se suitable or less suitable; their suitability depends particularly on the dynamics of the project environment. If the environment in which a project is to be implemented is not very dynamic, is recommended, but if it is highly dynamic, is suitable. is suitable for cases between these extremes.
Conventional project management is suitable for relatively stable environments and markets. In conventional project management, a project plan is worked through step by step. A work breakdown structure serves as the key guiding document. In this work breakdown structure, the project is divided into phases, work packages are defined and resources are allocated to these …
It can happen that one of the participants in a decision situation has a higher payoff for sure with a certain decision option than others, independent of the decisions of the others. In such a case, they have found a strictly dominating strategy variant with this option. If the payoff in each case is at …
In economic reality, pure strategies are rarely used. A pure strategy is an option that must be chosen by rational decision makers because it is evidently the best option for the decision maker. Often, however, the circumstances are not so clear, especially when decisions must be made with imperfect information, as is usually the case …
Game theory offers a selection of decision principles. The practical relevance of decision principles for decisions in business practice is illustrated below using the Maximin, , the and the are exemplified. In addition, the effect of is relevant for corporate practice.
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