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Operational psychology is a specialty within the field of psychology that applies behavioral science principles through the use of consultation to enable key decision makers to more effectively understand, develop, target, and influence an individual, group or organization to accomplish tactical, operational, or strategic objectives within the ...
Operational risk management (ORM) is defined as a continual recurring process that includes risk assessment, risk decision making, and the implementation of risk controls, resulting in the acceptance, mitigation, or avoidance of risk. ORM is the oversight of operational risk, including the risk of loss resulting from inadequate or failed ...
Risk aversion (psychology) Risk aversion is a preference for a sure outcome over a gamble with higher or equal expected value. Conversely, rejection of a sure thing in favor of a gamble of lower or equal expected value is known as risk-seeking behavior. The psychophysics of chance induce overweighting of sure things and of improbable events ...
Operational risk is the risk of losses caused by flawed or failed processes, policies, systems or events that disrupt business operations. Employee errors, criminal activity such as fraud, and physical events are among the factors that can trigger operational risk. The process to manage operational risk is known as operational risk management.
e. Strategic thinking is a mental or thinking process applied by an individual in the context of achieving a goal or set of goals. As a cognitive activity, it produces thought. When applied in an organizational strategic management process, strategic thinking involves the generation and application of unique business insights and opportunities ...
Behavioral operations management (often called behavioral operations) examines and takes into consideration human behaviours and emotions when facing complex decision problems. [ 1] It relates to the behavioral aspects of the use of operations research and operations management. In particular, it focuses on understanding behavior in, with and ...
Situation awareness. Situational awareness or situation awareness (SA) is the understanding of an environment, its elements, and how it changes with respect to time or other factors. Situational awareness is important for effective decision making in many environments. It is formally defined as:
Psychological operations (PSYOP) are operations to convey selected information and indicators to audiences to influence their motives and objective reasoning, and ultimately the behavior of governments, organizations, groups, and large foreign powers. The purpose of United States psychological operations is to induce or reinforce behavior ...