The Business Professor
Investment Center Performance: Residual Income and EVA
In this video, the teacher explains the concept of investor center performance and introduces three key metrics used to assess it: return on investment, residual income, and economic value added. These metrics help measure the...
The Business Professor
Marketing Affects the Economy
This Video Explains How Marketing Affects the Economy
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Marketing - Vertical Integration
This Video Explains Marketing - Vertical Integration
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Marketing - Benefits of B2B Relationships
Marketing - Benefits of B2B Relationships
The Business Professor
What is Participative Budgeting?
A participative budget seeks the involvement of lower-level managers in an organization.
The Business Professor
Pareto Principle (80_20 Rule)
What is the Pareto Principle? What is the 80-20 rule? The Pareto principle states that for many outcomes, roughly 80% of consequences come from 20% of causes. Other names for this principle are the 80/20 rule, the law of the vital few,...
The Business Professor
Overfished Ocean Strategy
The Over-Fished Ocean strategy is an alternative to red and blue ocean strategies that addresses resource limits and the need to focus on conserving and maximizing resources along the value chain. Resources refers to any of the inputs...
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Mutually Exclusive Projects
Mutually exclusive projects are projects whereby the acceptance or undertaking of one precludes undertaking the other.
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...
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Quality of a Business School
This Video Explains the Quality of a Business School
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Profit Planning
Profit planning includes taking a look at operations, creating interlocking budgets, and allocating resources to maximize revenue and minimize costs.
The Business Professor
Prior Experience and Entrepreneurship
This Video Explains Prior Experience and Entrepreneurship
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Understanding Porter's Five Forces for Market Analysis
This video explains Porter's Five Forces framework, which is a tool used to analyze the competitive dynamics of a product or service in a specific market. The five forces include supplier power, buyer power, competitive rivalry, threat...
The Business Professor
Porter's Value Chain
What is Porter's Value Chain? What Is Porter's Value Chain? Porter's Value Chain is a strategic management framework that analyzes a company's activities to identify its competitive advantage. It consists of the primary activities...
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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.
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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
Steps in Developing an Operational Plan
What are the Steps in Developing an Operational Plan? Operations plans are extremely specific, detailed documents that clearly define how a department or team can contribute to reaching specific company goals. They typically outline the...
The Business Professor
Sources of Power in a Negotiation
This Video Explains Sources of Power in a Negotiation