The Business Professor
Organizational Strategy
Organizational strategy is a tool to help businesses structure their resources in a way that supports their business activities.
The Business Professor
Organizational Responses to Environmental Pressures
Organizations often use standard responses to changes in the external environment
The Business Professor
Organizational Dymanics
Organizational Dynamics' domain is primarily organizational behavior and development and secondarily, HRM and strategic management.
The Business Professor
Operational Strategy
An operations strategy refers to the system an organization implements to achieve its long-term goals and mission.
The Business Professor
Niche Market Strategy
A niche marketing strategy is an approach that focuses on serving a particular segment of the market with unique needs and preferences. It involves identifying a specific group of customers with distinct requirements and tailoring...
The Business Professor
Modes of Management
Modes of management include management styles that can be categorized by three major types: Autocratic, Democratic, and Laissez-Faire, with Autocratic being the most controlling and Laissez
The Business Professor
Mobile First Strategy
A mobile-first strategy is one whereby the mobile version of a website is given priority over its desktop version. This practice was relatively rare in the past, but has become increasingly common.
The Business Professor
Mintzberg's Modes of Strategic Decisionmaking
According to Henry Mintzberg, the three most typical approaches, or mode of strategic decision making are entrepreneurial, adaptive and planning.
The Business Professor
Mintzberg's 5Ps of Strategy
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 strategy.
The Business Professor
McKinsey's 7s Model
The McKinsey 7-S Model is a change framework based on a company's organizational design. It aims to depict how change leaders can effectively manage organizational change by strategizing around the interactions of seven key elements:...
The Business Professor
Loss Leader - Strategy
A loss leader strategy prices a product lower than its production cost in order to attract customers or sell other, more expensive products. Loss leading is a controversial strategy that is considered predatory. Some companies use a loss...
The Business Professor
Long Tail Strategy
The long tail is a business strategy that allows companies to realize significant profits by selling low volumes of hard-to-find items to many customers, instead of only selling large volumes of a reduced number of popular items. The...
The Business Professor
Lean Strategy
Lean strategies seek to enhance the technical efficiency of a firm, methodologies, and processes. Lean firms reduce wasted time, human resources, and space.
The Business Professor
Internationalization Strategy
By definition, an international strategy is a strategy through which the firm sells its goods or services outside its domestic market.
The Business Professor
Internal and External Factor Evaluation Matrix
The IFE is focused on the internal dimension of the organization by looking at the strengths and weaknesses. While the EFE is concerned with the external factors by focusing on the opportunities and threats the organization is exposed to.
The Business Professor
Intended, Realized, Emergent, and Deliberate Strategy
A realized strategy is the strategy that an organization actually follows. Realized strategies are a product of a firm’s intended strategy (i.e., what the firm planned to do), the firm’s deliberate strategy (i.e., the parts of the...
The Business Professor
Institutional Isomorphism
There are three main types of institutional isomorphism: normative, coercive and mimetic.
The Business Professor
Horizontal Integration Strategy
Horizontal integration occurs when a company acquires a competitor or related business, expanding its footprint in its core competency. The main purpose of horizontal integration is typically a strategic aim to expand within a specific...
The Business Professor
Hedgehog Concept
The Hedgehog Concept calls on companies to identify their core value proposition (or the primary thing that they do well) and focus on that.
The Business Professor
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...
The Business Professor
GE McKinsey Matrix
McKinsey's GE Matrix is a visual tool designed to help portfolio managers determine resource allocation for multi-business portfolios.
The Business Professor
GAP Analysis
A gap analysis is the process that companies use to compare their current performance with their desired, expected performance. This analysis is used to determine whether a company is meeting expectations and using its resources...
The Business Professor
Functional Strategy
Functional level strategies are those put in place at the operational level of an organization and will facilitate the corporate (or business)
The Business Professor
First Mover Advantage
In marketing strategy, first-mover advantage is the competitive advantage gained by the initial significant occupant of a market segment.