The Business Professor
Action Learning
What is Action Learning? Action learning is an approach to problem solving involving taking action and reflecting upon the results. This helps improve the problem-solving process as well as simplify the solutions developed by the team.
The Business Professor
5 P Model of Strategic Management
What is the 5 P Model of Strateic Management? Each of the five P's represents a distinct approach to strategy. This includes Plan, Ploy, Pattern, Position and Perspective. These five elements enable a company to develop a more successful...
The Business Professor
Vision Statement in a Business Plan
What is the Vision Statement in a Business Plan? A vision statement is a written declaration clarifying your business's meaning and purpose for stakeholders, especially employees. It describes the desired long-term results of your...
The Business Professor
Theories of Group Formation
What are the primary theories of Group Formation? This article throws light on the four important theories of group formation, i.e, (1) Propinquity Theory, (2) Homan's Theory, (3) Balance Theory, and (4) Exchange Theory.
The Business Professor
The Balanced Scorecard
What is the Balanced Scorecared Approach? A balanced scorecard is a strategic management performance metric that helps companies identify and improve their internal operations to help their external outcomes. It measures past performance...
The Business Professor
Strategic Analysis and Developing a Competitive Strategy
What is a Strategic Analysis? How does strategic analysis lead to a competitive advantage? Strategic analysis drives out internal and external strengths and weaknesses that affect the organization's growth. It helps you identify the...
The Business Professor
Steps in Developing an Operational Plan
What are the Steps in Developing an Operational Plan? Operations plans are extremely specific, detailed documents that clearly define how a department or team can contribute to reaching specific company goals. They typically outline the...
The Business Professor
Stakeholder Analysis
What is Stakeholder Analysis? Stakeholder analysis in conflict resolution, business administration, environmental health sciences decision making,[1] industrial ecology, public administration, and project management is the process of...
The Business Professor
Pondy's Model of Organizational Conflict
What is Pondy's Model of Organizational Conflict? Pondy's model of organizational conflict was formulated in 1967, defining the conflict process as a dynamic among individuals, and is made up of five stages of conflict: latent stage,...
The Business Professor
Performance Prism
What is the Performance Prism? Breakthrough measurement techniques for achieving breakthrough business results! Measuring "all" the relationships that matter: with customers, investors, employees, suppliers, alliances, regulators, and...
The Business Professor
Performance Management
What is Performance Management in an Organization? “Performance management is the continuous process of improving performance by setting individual and team goals which are aligned to the strategic goals of the organisation, planning...
The Business Professor
Operations Management
What is Operations Management? Operations management is an area of management concerned with designing and controlling the process of production and redesigning business operations in the production of goods or services.
The Business Professor
Marketing Budget
What is a Marketing Budget? A marketing budget is an outline of the costs that a company will spend to market its product or service. The marketing budget covers a finite period of time, the length of which can be anywhere between a...
The Business Professor
Marketing Action Plan
What is a Marketing Action Plan? Marketing strategy is an organization's promotional efforts to allocate its resources across a wide range of platforms, channels to increase its sales and achieve sustainable competitive advantage within...
The Business Professor
Management by Objective - Explained
What is Management by Objective? Management by objectives, also known as management by planning, was first popularized by Peter Drucker in his 1954 book The Practice of Management.
The Business Professor
Logical Incrementalism
What is Logical Incrementalism? This approach focuses on the strategic management process that the strategies are not formed, but they come into existence as some long term plans which are made once in a while.
The Business Professor
Level 5 Leadership
Level 5 Leadership. Level 5 leadership is a concept developed in the book Good to Great. Level 5 leaders display a powerful mixture of personal humility and indomitable will.
The Business Professor
Laissez Faire - Management Theory
What is Laissez Faire approach to management? The term Laissez-faire is of French origin and translates to “letting people do as they choose.” This leadership style is the complete opposite of micromanaging. Laissez-faire leaders allow...
The Business Professor
Outline of a Business Plan
What goes into the Outline of a Business Plan? When you write your business plan, you don’t have to stick to the exact business plan outline. Instead, use the sections that make the most sense for your business and your needs....
Mister Simplify
Anthony's Framework for Managerial Activities - Simplest Explanation Ever
Anthony's Framework explains how decisions are made in an organisation. It is also used for the study of Management Information Systems (MIS)
Curated Video
Environmental Entrepreneurs
Andrew Hoffman, Professor of Sustainable Enterprise at the University of Michigan, talks about how business schools are nowadays engaged in promoting environmental awareness.
Journey to the Microcosmos
BONUS VIDEO: The Microcosmos Microscope
BONUS VIDEO: The Microcosmos Microscope
Curated Video
Monitoring GDPR Compliance
This section provides information on how to continually monitor the implementation of a GDPR program in your organization
Curated Video
Transformational leadership - acheive more together
This video discusses the concept of transformational leadership, which is a style of leadership used to motivate, encourage and incentivize employees to do their best in an organization. It highlights the qualities of a transformational...