The Business Professor
Value Creation Index
The Value Creation Index (VCI) is a tool designed to quantify the link between an organization's non-financial performance and its valuation in the markets.
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Types of Teams
What are the Types of Teams? The five most popular types of teams in an organization include problem-solving teams, self-managed work teams, cross-functional teams, virtual teams, and multiteam systems. A formal team is a group of...
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Type 1 and Type 2 Decisions
What are Type 1 Decisions? What are Type 2 Decisions?
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Traits Associated with Personality
What are the primary Traits Associated with Personality? he Big 5 personality traits are extraversion (also often spelled extroversion), agreeableness, openness, conscientiousness, and neuroticism.
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Choosing a Business Location
How do you choose a Business Location? Go where there is demand. Look for areas where your product or service is in high demand or where your competition is fairly low. If at all possible, you'll want to expand to a location where the...
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Chaos Theory
What is Chaos Theory? Chaos theory is an interdisciplinary area of scientific study and branch of mathematics focused on underlying patterns and deterministic laws of dynamical systems that are highly sensitive to initial conditions, and...
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Change Management
What is Change Management? Change management is a collective term for all approaches to prepare, support, and help individuals, teams, and organizations in making organizational change.
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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...
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Businesses and Religious Freedom
This Video Explains Businesses and Religious Freedom
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Business Plan - Operations
What is the Operations section of the Business Plan? What should be included? The operations section of your business plan is where you explain – in detail – you company's objectives, goals, procedures, and timeline. An operations plan...
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Business Plan - Appendix
What should be included in the Appendix to the business plan? In general, here are some of the documents you might think to include in your business plan appendix: Charts, graphs, or tables that supplement information from other sections...
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Business Model Canvas - Explained
What is the Business Model Canvas? The Business Model Canvas is a strategic management template used for developing new business models and documenting existing ones.
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Business Incubator
What is a Business Incubator? A business incubator is an organization that helps startup companies and individual entrepreneurs to develop their businesses by providing a fullscale range of services starting with management training and...
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Biases and Errors in Decision Making
What are some common biases and errors in Deicsion Making? here are a plethora of cognitive biases, also known as subconscious errors, that have been studied by psychologists, and it is important to understand that each individual will...
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Best Practices in Distributive Negotiation
This Video Explains the Best Practices in Distributive Negotiation
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Best Practices in an Integrative Negotiation
This Video Explains the Best Practices in an Integrative Negotiation
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Defenses to a Claim of Copyright Infringement
Defenses to a Claim of Copyright Infringement
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Deductive Message - Communications
The Deductive Communication Approach™ uses an 'top-down' structure, where you answer the question first, then list your main reasons(s) and supporting arguments, and then summarize the broader usefulness of your point.
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Debt vs Equity - A Balance
Should a business raise money through selling equity or incurring debt? Debt financing may have more long-term financial benefits than equity financing. With equity financing, investors will be entitled to profits, and if you sell the...
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Crony Capitalism
Crony capitalism sometimes also called simply cronyism, is a pejorative term used in political discourse to describe a situation in which businesses profit from a close relationship with state power, either through an anti-competitive...
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Creativity in Negotiation Tactics
This Video Explains Creativity in Negotiation Tactics
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Covert Leadership
Covert Leadership can help you create positive change as an inspiring leader, whether you consider yourself one, or not. Our approach is grassroots and starts with the individual. By focusing on two words: Being Human, we can activate...
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Contracts must have a Lawful Purpose
This Video Explains Contracts must have a Lawful Purpose
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Contract Provisions Limiting Remedies
Contracts often contain provisions that limit the options available to the parties in the event of breach by the other party. This video explains what are Contract Provisions limiting remedies?