The Business Professor
SPACE Analysis (Strategy)
SPACE Analysis is an analytical technique used in strategic management and planning. SPACE is an acronym of Strategic Position and ACtion Evaluation. The analysis allows to create an idea of the appropriate business strategy for the...
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Six Paths Framework
The Six Paths Framework developed by Chan Kim and Renée Mauborgne allows managers to address the search risk many companies struggle with.
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Situational Analysis - 4C, 5C, 7C Approaches
What is the 4C Situational Analysis? The 5C Situation analysis is a method of conducting both an internal and external analysis of a company.
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Role of Creativity in Negotiations
This Video Explains the Role of Creativity in Negotiations
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Retrenchment Strategy
Retrenchment is a strategy that some organizations use to prevent further profit losses.
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Vertical Integration Strategy
In economics, vertical integration is the term used to describe a business strategy in which a company takes ownership of two or more key stages of its supply chain.
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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
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Zero Cost Strategy
The term zero-cost strategy refers to a trading or business decision that does not entail any expense to execute. A zero-cost strategy costs a business or individual nothing while improving operations, making processes more efficient, or...
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Window of Opportunity
What is the Window of Opportunity? How does the window of opportunity relate to exploiting an entrepreneurial opportunity? The "window of opportunity" states the accurate time for a firm to enter into a new market and grab an opportunity...
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VRIO Analysis
VRIO is a business analysis framework that forms part of a firm's larger strategic scheme, proposed by Jay Barney in 1991. The basic strategic process of any firm begins with a vision statement, and continues on through objectives,...
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VMOST Analysis
VMOST Analysis helps you clearly see if your organization's vision, mission, objectives, strategies, and tactics are well-aligned.
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Value Engineering
Value engineering is the review of new or existing products during the design phase to reduce costs and increase functionality to increase the value of the product. The value of an item is defined as the most cost-effective way of...
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Value Disciplines
Value Disciplines is a really powerful strategy framework. Value Disciplines can be quite flexible, but it is not for everyone.
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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.
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Types of Diversification Strategy
The three main types of diversification strategies include concentric, horizontal, and conglomerate strategies. Diversification Strategy Explained.
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Types of Business Strategy
Organizational (Corporate) Strategy; Business (Competitive) Strategy; Functional Strategy ; Growth-Based Strategies,; Stability Strategies, · Retrenchment
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Transformative Business Model
Transformative business models are those that incorporate change in industry and society in addition to seeking profit.
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Three Dimensional Business Model
The three dimensions of the business are the customer groups (who will be served by the business), customer needs (what are the customer needs that will be met) and technology or distinctive competencies (how are these needs going to be...
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Choosing a Competitive Strategy
What is the process that businesses use in determining the appropriate competitive strategy
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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...
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Competitive Strategy
In business, a competitive advantage is an attribute that allows an organization to outperform its competitors.
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Buyer Utility Map
The Buyer Utility Map, developed by Chan Kim and Renée Mauborgne, helps to get managers thinking from a demand-side perspective.
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Business Activity Monitoring
Business activity monitoring is software that aids the monitoring of business activities which are implemented in computer systems.
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Blue Ocean Strategy
Blue Ocean Strategy is a book published in 2004 written by W. Chan Kim and Renée Mauborgne, professors at INSEAD, and the name of the marketing theory detailed on the book.