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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 Evaluation - Management
What is Performance Evaluation for managers? A manager performance evaluation is an assessment that a supervisor conducts to determine how well a manager is fulfilling their duties. This kind of performance evaluation can consist of a...
The Business Professor
Quality of Earnings - Management Incentives
Management is incentivized by the calculation of a business' value. A quality of earnings report can affect the value of the business and, as a result, the incentives placed on management.
The Business Professor
Profit Center Performance - Variable and Absorption Income Statements
Measuring the performance of a profit center is based upon the reporting of profits and losses. Pursuing an absorption or variable costing approach for inventory will alter the gross profit calculation.
The Business Professor
Personal Relationships & Job Promotion
Personal Relationships & Job Promotion
The Business Professor
Strategy Diamond
Use Hambrick and Fredrickson's strategy diamond to build a strategy that aligns arenas, vehicles, differentiators, staging, and economic logic.
The Business Professor
Rights of Parties Upon Breach of Contract
Rights of Parties Upon Breach of Contract
The Business Professor
Revenue Recognition Across Industries
Business employ various approaches to revenue recognition. Any revenue recognition method must be in accordance with ASC 606 which provides steps for determining when revenue should be recognized.
The Business Professor
Responsibility Centers - Decentralization
Decentralization allows for managerial autonomy in decision making. Responsibility centers are autonomous within the organization. They require a decentralized approach to management accountability and performance.
The Business Professor
Value Reporting Framework
The Value Reporting Foundation is a global nonprofit organisation that offers a comprehensive suite of resources designed to help businesses and investors
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.
The Business Professor
Theory of Constraints
What is the Theory of Constraints? The theory of constraints is a management paradigm that views any manageable system as being limited in achieving more of its goals by a very small number of constraints.
The Business Professor
Using Budgets for Performance Evaluation
In this video, the speaker discusses how budgets are used as a tool for performance evaluation. The speaker highlights several key performance indicators (KPIs) or metrics that can be derived from the budget. Overall, the video...
The Business Professor
Categories of Manager Control
Control or controlling is a core function of manageers. Whare the Categories of Manager Control? Controlling can be defined as that function of management which helps to seek planned results from the subordinates, managers and at all...
The Business Professor
Catalytic Mechanisms
What are Catalytic Mechanisms for Change in an Organization? Catalytic mechanisms come into play when senior management wants a significant change in the way the organization behaves either within the organization itself or with...
The Business Professor
Carnall's Roles of Managers in Organizational Change
What are Carnall's Roles of Managers in Organizational Change? Carnall maintains that a manager who is skilled in managing the transition will create an atmosphere of creative risk-taking and help people learn as they implement change....
The Business Professor
Business Activity Monitoring
Business activity monitoring is software that aids the monitoring of business activities which are implemented in computer systems.
The Business Professor
Burke Litwin Model
What is the Burke Litwin Model? The Burke-Litwin model of organizational change is a comprehensive framework that helps you analyze and manage the factors that affect organizational performance. It identifies 12 key variables that...
The Business Professor
Control Function of Management
What is the Control Function of Management? Controlling is a primary goal-oriented function of management in an organization. It is a process of comparing the actual performance with the set standards of the company to ensure that...
The Business Professor
Ways in Which Parties are Discharged from Obligations under a Contract
The video discusses the various scenarios in which a party may be discharged from their obligations or duties under a contract. It covers topics such as complete and substantial performance, rejection of reasonable tender performance,...
The Business Professor
Common Size Analysis
Common size analysis is used to compare financial performance of two different companies or units. It is used to put the compared organizations on the same footing for comparison.
The Business Professor
Employer vs Independent Contractor - Agency Law
Employer vs Independent Contractor - Agency Law
The Business Professor
Defenses to Employment Discrimination
Employers often find themselves the subject of discrimination actions by employees claims that the employer has acted in an illegally discriminatory manner in how they treated the employee. There are, however, numerous defenses available...