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The Business Professor
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...
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Economic Concentrations in Business School
Economic Concentrations in Business School
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Eco-Communalism
The Eco-Communalism variant incorporates the green vision of bio-regionalism, localism, face-to-face democracy, small technology, and economic autark.
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Diffusion of Innovations Theory
What is the Diffusion of Innovations Theory? Diffusion of innovations is a theory that seeks to explain how, why, and at what rate new ideas and technology spread. The theory was popularized by Everett Rogers in his book Diffusion of...
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Differentiation Strategy
Your differentiation strategy is the way in which you make your firm stand out from otherwise similar competitors in the marketplace.
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Initial Actions by the Board of Directors
What are the Initial Actions by the Board of Directors? The initial board consent should include a separate paragraph to address the issuance of stock to the initial shareholders of the company.
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Infrastructure
Infrastructure is the set of facilities and systems that serve a country, city, or other area, and encompasses the services and facilities necessary for its economy, households and firms to function.
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Information Flow within an Organization
What is information flow and why is it important? Information flow is the exchange of information among people, processes and systems within an organization.
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How to Protect Your Business Name
What are the steps you should take to Protect Your Business Name?
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Holland's Personality Job Fit
What is Holland's Personality Job Fit? Holland found that people needing help with career decisions can be supported by understanding their resemblance to the following six ideal vocational personality types: Realistic (R) Investigative...
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Hofstede's Cultural Dimensions
What are Hofstede's Cultural Dimensions? Hofstede's cultural dimensions theory is a framework for cross-cultural psychology, developed by Geert Hofstede. It shows the effects of a society's culture on the values of its members, and how...
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Growth-Based Strategy
A growth strategy is an organization's plan for overcoming current and future challenges to realize its goals for expansion. Examples of growth strategy goals include increasing market share and revenue, acquiring assets, and improving...
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Global Perspective (Business)
What is the Global Perspective of a Business? A global management perspective is an attitude that a leader has toward global applications of their position and business. No matter the size of a business, all companies compete on a global...
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General Structure of an Insurance Contract
General Structure of an Insurance Contract
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Business Process Map and Process Model
What is the Business Process Map? How does the Business Process Map relate the Process Model? Business Process Mapping can be used to document a current process and to model a new one. Its purpose is to gain a detailed understanding of...
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Enforceability
This video explains the concept of an agreement under the law, specifically focusing on contracts. It discusses the necessary elements of a contract, such as a meeting of the minds, capacity to enter into a contract, offer, acceptance,...
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Bases of Social Power
French and Raven identified those five bases of power as coercive, reward, legitimate, referent, and expert.
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Accounting Concentrations Business School
Explanation of the Accounting Concentrations Business School
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8 Types of Organizational Culture
What are the 8 Types of Organizational Culture? Adhocracy Culture, Clan Culture, Customer-Focused Culture, Hierarchy Culture, Market-Driven Culture, Purpose-Driven Culture, Innovative Culture, Creative Culture.
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6 Change Approaches
What is the 6 Changes Approach? The 6 Change Approaches developed by John Kotter and Leonard Schlesinger is a model to prevent, decrease, or minimize resistance to change in organizations.