Examlex
The DMAIC (Define, Measure, Analyze, Improve, and Control) methodology of the Six Sigma projects, is used to improve an existing business process.
Availability Bias
A cognitive bias that influences decisions based on the immediate examples that come to a person's mind.
Negotiation
A process of discussing issues openly and attempting to reach a joint decision or agreement.
Risk-Averse
The tendency to prefer avoiding losses over achieving equivalent gains.
Risk-Seeking
A behavioral trait of preferring or choosing options that have potentially higher gains albeit with higher risks.
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