What is the Hersey-Blanchard Model? The Hersey-Blanchard Model is a leadership model that focuses on the ability and willingness of individual employees. Developed by Paul Hersey and Kenneth Blanchard, the model is also referred to as the Situational Leadership Model. Unlike other leadership models, the Hersey-Blanchard model disregards the idea that corporations require a single…
What is the Heritage and Stabilization Fund (HSF)? Heritage and Stabilization Fund (HSF) is a sovereign wealth fund established by the Republic of Trinidad and Tobago. Founded in 2007, HSF was established to reinvest excess capital resulting from exports of natural gas. Like other sovereign wealth funds, Trinidad and Tobago’s HSF is owned by the…
What is the Pound Sterling (GBP)? The Pound Sterling refers to the national currency of the Isle of Man, the United Kingdom, South Sandwich Islands, Gibraltar, South Georgia, and the British Antarctic Territory. It is the oldest currency to be in constant use. It is also known as the sterling or pound and abbreviated as…
What was the Silk Route? The Silk Route (or Silk Road) was a trade route that originated in the second century B.C. and lasted until the 14th century A.D. It extended from Asia to the Mediterranean, going through China, Persia, India, Greece, Italy, and Arabia. The route was called the Silk Route because extensive silk…
What is the Canadian Dollar (CAD)? The Canadian Dollar refers to Canada’s domestic currency and is abbreviated as CAD. A Canadian dollar consists of 100 cents and is also described as C$ to differentiate it from other dollar-denominated national currencies, such as the US dollar. The Canadian dollar is considered a benchmark currency, implying that…
What is a Signature Loan? A signature loan – or good faith loan – is a form of personal loan offered by financial institutions, like banks, that do not require collateral and only a borrower’s signature. The borrower chooses the purpose of the loan, and the interest rates can be higher due to the absence…
What is “Skin in the Game”? “Skin in the Game” is a phrase popularized by world-famous investor Warren Buffet signifying a condition in which high-ranking insiders buy the stocks of the company they are a part of using their personal money. It is a common saying in business, gambling, finance, and politics. Understanding Skin in…
What is a Silo Mentality? A silo mentality is the unwillingness to share information with coworkers of different divisions in the same company. The restriction reduces an organization’s efficiency, and in an extreme case, damages the corporate culture of the organization. Understanding Silo Mentality Silo is a word that originated to refer to storage containers…
What is the Hockey Stick Chart? The hockey stick chart, as it relates to climate change, is considered to be one of the most debated charts in science. The chart is essentially a line graph or chart that depicts global temperature data over time. The shape of the line consists of a sharp upward curve…
