Multicollinearity? What are its consequences? How is it detected?

Multicollinearity In statistics multicollinearity is the existence of many independent variables in a multiple regression model highly correlated to one another. It can creates strange results when someone try to study how well an individual independent variables involve to the understanding of dependent variable. Generally, multicollinearity can creates wide confidence intervals and the strange P

Theory Building in Research Context

In research context first of all researcher find the problem which arises about something in somewhere in business, academics, culture, atmosphere, science and technology, development/operations of industry, product/market development, human resource management etc. For example, reduction in sales of a particular product of a particular company. Before theory building researcher review the related literature (e.g.

Maslow Hierarchy of Needs Theory

Maslow hierarchy of needs theory Maslow states that there is a hierarchy of five needs which are physiological, safety, social, esteem, and self-actualization; as one need is considerably fulfilled, the next need in the pyramid becomes dominant. Fulfilling all the needs will ultimately leads to motivation and satisfaction of a person. Maslow Pyramid Maslow’s Need


Defining project missions Clear identification of project mission at different phases of the project is considered as extremely important for the effective stakeholder management. Prior to any action of stakeholder management and engagement, the project manager has to understand task objectives at a specific phase of the project life cycle, which may include cost issues,

What is Project Management?

PMBOK define Project management as the application of knowledge, skills, tools, and techniques to activities of the project being undertaken to meet the project requirements. Project management is accomplished through the proper application, implementation and integration of 10 knowledge areas and 47 logically grouped project management processes, which are broadly classified into five Process Groups