This paper presents a noncompensatory latent trait model, the multicomponent latent trait model for diagnosis (MLTM-D), for cognitive diagnosis. In MLTM-D, a hierarchical relationship between components and attributes is specified to be applicable to permit diagnosis at two levels. MLTM-D is a...

Today’s business, being affected by the continuous changes in economic environment, must reinvent the “prudent risk taking” concept to strike an appropriate balance between risk, return and growth, in order to create lasting value. This paper is focused on describing the nature of risk and...

Purpose – The purpose of this paper is to construct an empirical model of innovation as a competence of individuals and validate it. The model takes into consideration the multidimensional characteristics of individuals and the parameters of surrounding ecosystem and establishes their...