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Lisa, a university student, had a great time at the party last night. She danced, sang karaoke, and even played the "rock band" video game, all behaviours that she had never exhibited in public before. She had been drinking the "punch" all night long, which she was told contained high levels of alcohol. Lisa was quite surprised to find out the next morning that the punch did NOT contain any alcohol. What concept may explain Lisa's behaviour?
Top Down Plans
Planning approach that begins at the highest level of an organization and cascades down, where objectives, strategies, and plans are decided upon at the top and then implemented in successive layers below.
Bottom Up Planning
A planning approach that starts at the operational level, with each segment or department developing its own plans to contribute to the overall strategic goals of the organization.
Aggressive Optimism
A mindset or strategy characterized by a high degree of confidence and assertiveness in action or decision-making, often in the context of investments or business growth.
Conservatism
An accounting principle that dictates reporting expenses and liabilities as soon as possible, but revenue only when it is ensured.
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