The Business Professor
Mintzberg's Cognitive School of Strategy
The Cognitive School focuses on the creative processes that take place in the mind of the strategist. It is very individualistic, in that that strategist creates a strategy based upon her personal knowledge, experiences, and perceptions.
The Business Professor
Resources and Capabilities Analysis
It concerns an appraisal of an organization's resources and capabilities in the context of value creation opportunities and other external developments. Resources are the organization's assets, knowledge and skills. Capabilities can be...
The Business Professor
Resource-Based View of the Firm
The resource-based view (RBV) argues that a firm's sustained competitive advantage is based on its valuable, rare, inimitable, and nonsubstitutable resources (Barney, 1991). The capability of firms to create or acquire these resources...
The Business Professor
Resource Dependency Theory
Resource dependence theory is the study of how the external resources of an organization affect the behavior of the organization. The procurement of external resources is an important tenet of both the strategic and tactical management...
The Business Professor
Razor Blade Business Model
The razor-razorblade model is a pricing tactic in which a dependent good is sold at a loss (or at cost) and a paired consumable good generates the profits.
The Business Professor
Price Corridor Map
Price Corridor of the Mass is a tool managers can use to determine the right price to unlock the mass of target buyers.
The Business Professor
Political Power Games in an Organization
Also, Mintzberg (1985) classifies the political games played at organizations, as: insurgency, disapproval of insurgency, power building, nullifying rivals, etc.
The Business Professor
Pioneer Migrator Settlor Map
The pioneer-migrator-settler map tool guides you to target the area where you have the most to gain by the blue ocean journey and helps you select the right scope for your blue ocean initiative.
The Business Professor
PEST (EL) Analysis
What is a PESTEL Analysis? A PESTEL analysis is a framework or tool used by marketers to analyze and monitor the macro-environmental (external marketing environment) factors that have an impact on an organization, company, or industry.
The Business Professor
Synergy
the interaction or cooperation of two or more organizations, substances, or other agents to produce a combined effect greater than the sum of their separate effects.
The Business Professor
Strategy Implementation
Strategy implementation is the process used to ensure a strategic plan is executed. It involves translating the high-level goals and objectives outlined in a company's strategic plan into specific actions and initiatives that can be...
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
Strategy Canvas
A strategy canvas is a line graph that plots a business's key factors (such as price, customer service, convenience, etc.) against the level to which those factors meet customer needs. The key factors are set on the horizontal axis (x),...
The Business Professor
Strategy - Explained
Strategy is a plan of actions that fit together to reach a clear destination. That destination is dictated by a set of decisions that sets the organization apart from its competitors, derives from the organization's unique...
The Business Professor
Strategic Maneuvering
Strategic maneuvering in argumentative discourse consists in reconciling two simultaneous tendencies: aiming for effectiveness and maintaining reasonableness.
The Business Professor
Strategic Cost Management
What is Strategic Cost Management? Strategic Cost Management is an approach focusing on making a business more competitive by reducing costs of operations. More specifically, it integrates cost information into the decision-making...
The Business Professor
Strategic Alliance
A strategic alliance is an arrangement between two companies that have decided to share resources to undertake a specific, mutually beneficial project. A strategic alliance agreement could help a company develop a more effective process.
The Business Professor
Strategic Acquirer of a Startup
What is a Strategic Acquirer in a Startup? What is a strategic acquisition? Strategic acquisition is more concerned with ensuring that the merger fits within the expectations of the company's long-term plans for the business. To achieve...
The Business Professor
Stakeholder Mapping
Stakeholder mapping is the visual process of laying out all the stakeholders of a product, project, or idea on one map.
The Business Professor
Stages of Strategic Planning
What are the 7 stages of the strategic planning process?
The Business Professor
Stability-Based Strategy
As the name implies, a stability business strategy seeks to maintain operations and market size and position. This strategy is characteristic of small risk-averse firms or firms operating in a very precarious market that is comfortable...