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Bleeding Edge
Bleeding edge is a term used to describe the very latest and most modern technology available, such as the latest version of a rolling-release software.
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Best Practices in Distributive Negotiation
This Video Explains the Best Practices in Distributive Negotiation
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Best Practices in an Integrative Negotiation
This Video Explains the Best Practices in an Integrative Negotiation
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Customer Centric Strategy
A customer-centric sales strategy focuses first on understanding the issue, then on helping to solve it with the most appropriate solution.
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Cost Strategy (Low Cost Production)
Low-cost strategy enables the firm to sell its product/service with a lower price compared to its competitors because of lower costs of producing products/service; as a result of this, they win a competitive advantage in the industry.
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Core Competency
Core competencies are the resources and capabilities that comprise the strategic advantages of a business. A modern management theory argues that a business must define, cultivate, and exploit its core competencies in order to succeed...
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Coopetition
Coopetition or co-opetition is a neologism coined to describe cooperative competition. Coopetition is a portmanteau of cooperation and competition.
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Contestable Market Theory
The contestable market theory states that companies with few rivals behave in a competitive manner when the market they operate in has weak barriers to entry. The continuous risk of new entrants emerging and stealing market share leads...
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Consortium
A consortium is an association of two or more individuals, companies, organizations, or governments with the objective of participating in a common activity or pooling their resources for achieving a common goal.
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Configuration School of Strategy
What is the Configuration School of Strategy? The Configuration schools view strategy formation (configuration) as a process of organizational transformation. Configuration refers to the organization and the context in which it operates.
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Concentration Strategy
A concentration strategy is when a business focuses on a specific group of clients, a specific product, or a specific geographic market.
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Competition Profile Matrix
The profile matrix identifies a firm's key competitors and compares them using industry's critical success factors.
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Commoditize
Commoditize means a product or service has become identical to the same type of offering presented by a rival, distinguished only by its price.
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Collaborative Advantage
Collaboration is based on having common goals and interests, a desire to capitalize on each other's strengths through collaboration and working together.
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Click and Mortar Business Model
A click-and-mortar business model is based on investing in both a physical and online presence. Click and mortar models are becoming increasingly popular as consumers seek to buy products online and off and to examine products offline...
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Ethics in Negotiations
Negotiations should be conducted in a way that is fair to both parties and takes into account the interests and limitations of each side. This means avoiding tactics that are designed to take advantage of the other party or unfairly...
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Environmental School of Strategy
The environmental school of strategy views the environment as the main factor influencing the strategy process. It sets the direction for an otherwise passive organization. Strategic choice is limited by the environment.
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Elements of a Marketing Plan
This Video Explains the Elements of a Marketing Plan
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Eclectic Implementation Model
An eclectic paradigm is a theory based on a three-tiered framework that companies follow to determine if a direct foreign investment would be beneficial.
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Developing a Strategic Plan
Strategic Planning is a process where organizations define a bold vision and create a plan with objectives and goals to reach that future.
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Culturallly Responsive Negotiation Strategies
When effectuating a negotiation strategy, seek to understand the other party's culture. Find out how to show respect in the other culture. Identify cultural nuances, such as perception of personal relationships, physical interaction, and...
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Cultural School of Strategy
The Cultural School of Strategic Formulation assumes that culture has important influence on strategy and that strategies are most likely to succeed when aligned with organizational culture. The school introduces ideas of collective...
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Disintermediation
Disintermediation is the removal of intermediaries in economics from a supply chain, or "cutting out the middlemen" in connection with a transaction or a series of transactions.
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Differentiation Strategy
Your differentiation strategy is the way in which you make your firm stand out from otherwise similar competitors in the marketplace.