The Business Professor
Choosing a Competitive Strategy
What is the process that businesses use in determining the appropriate competitive strategy
The Business Professor
Central Driving Forces Model - Explained
What is the Central Driving Forces Model? The central driving forces model is an entrepreneurial-based model that considers the positives and negatives of three areas of the venture; founder(s), opportunities, and resources. The model...
The Business Professor
Cease and Desist Letter
A cease and desist letter is a document sent to an individual or business to stop alleged illegal activity. The phrase "cease and desist" is a legal doublet, made up of two near-synonyms.
The Business Professor
Corridor Principle - Entrepreneurship
What is the Corridor Principle in Entrepreneurship? The Corridor Principle states that the mere act of starting a venture enables entrepreneurs to see other venture opportunities they could neither see nor take advantage of until they...
The Business Professor
Corporate Governance and Industry Standards - Explained
Corporate Governance and Industry Standards - Explained
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Competition Profile Matrix
The profile matrix identifies a firm's key competitors and compares them using industry's critical success factors.
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Equity Interest for Startup Advisors
When and how does a startup grant equity interests to startup advisors? When to Grant Equity. If the startup does decide to compensate its advisors with equity, it must decide how much equity to offer. This decision is generally based...
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Crucial Success Factors - Management
What are Crucial Success Factors in Management? Critical success factor is a management term for an element that is necessary for an organization or project to achieve its mission. To achieve their goals they need to be aware of each key...
The Business Professor
Economic Concentrations in Business School
Economic Concentrations in Business School
The Business Professor
Disclosing Your Business Idea
Should you disclosure your startup business idea? t depends on how secure your idea is protected and to whom you disclose the information.
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Industry Lifecycle Analysis
Industry life cycle refers to the stages of growth, consolidation, and eventual extinction of an industry. It mirrors an economic cycle and consists of four main stages: expansion, peak, contraction, and trough. It is used to analyze a...
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GE McKinsey Matrix
McKinsey's GE Matrix is a visual tool designed to help portfolio managers determine resource allocation for multi-business portfolios.
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First Mover Advantage
In marketing strategy, first-mover advantage is the competitive advantage gained by the initial significant occupant of a market segment.
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First Chicago Method - Business Valuation
What is the First Chicago Method of Business Valuation? The First Chicago Method is a valuation technique used to determine the financial worth of an investment or company by considering projected future cash flows and discounting them...
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Federal Trade Commission Act - Deceptive Practices
Federal Trade Commission Act - Deceptive Practices
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Benchmarking
Benchmarking is the practice of comparing business processes and performance metrics to industry bests and best practices from other companies. Dimensions typically measured are quality, time and cost.
The Business Professor
BCG Growth Share Matrix
The growth share matrix is, put simply, a portfolio management framework that helps companies decide how to prioritize their different businesses.
The Business Professor
4 Trajectories of Industry Change
What are the 4 Trajectories of Industry Change? Her research suggests that industries evolve along one of four distinct trajectories--radical, progressive, creative, and intermediating--that set boundaries on what will generate profits...
The Business Professor
Understanding Antitrust Laws
This video provides an overview of antitrust laws and their purpose in promoting competition among suppliers of goods and services in the United States. The video emphasizes the historical context, as well as the economic benefits of...
Curated Video
Landmarks - Hollywood Sign
HOLLYWOOD SIGN HOLLYWOOD HAS LONG CONSIDERED ITSELF THE CENTRE OF THE MOVIE UNIVERSE AND HERE’S THE SHOT TO PROVE IT. THE HOLLYWOOD SIGN AS CAPTURED FROM SPACE. BACK DOWN ON EARTH THE HOLLYWOOD SIGN RECENTLY UNDERWENT A FACELIFT. IT’S...
Curated Video
Get Hired: Salary Negotiation
What is your worth? How do you convey your eligibility for a higher salary? This Get Hired video offers insight into how the negotiation process is approached and why it is often avoided. Whether you’re approaching your first job or...
Curated Video
Get Hired: Virtual Networking
The future of communication is upon us with virtual networking that enables us to adapt to social distancing requirements while staying connected. Let's start taking full advantage of this virtual networking smorgasbord by taking action!...