The Business Professor
Need vs Want in Entrepreneurship
This Video Explains Need vs Want in Entrepreneurship
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Mirror Image Rule - Contract Law
This Video Explains the Mirror Image Rule - Contract Law
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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...
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Social Loafing
What is Social Loafing? social loafing is the phenomenon of a person exerting less effort to achieve a goal when they work in a group than when working alone. It is seen as one of the main reasons groups are sometimes less productive...
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Six Leadership Styles
Six Leadership Styles. According to Daniel Goleman, Richard Boyatzis, and Annie McKee, there are six emotional leadership styles – Authoritative, Coaching, Affiliative, Democratic, pacesetting
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Responsibility Centers - Decentralization
Decentralization allows for managerial autonomy in decision making. Responsibility centers are autonomous within the organization. They require a decentralized approach to management accountability and performance.
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What is a Social Venture_
What is a Social Venture? A social venture is undertaking by a firm or organization established by a social entrepreneur that seeks to provide systemic solutions to achieve a sustainable, social objective.
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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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Uncertainty Avoidance
What is Uncertainty Avoidance? In cross-cultural psychology, uncertainty avoidance is how cultures differ on the amount of tolerance they have of unpredictability.
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Bridging Epistemologies Framework
What is the Bridging Epistemologies Framework? The framework Cook and Brown helps to think of knowledge in an organizational context and understanding why and how we know things collectively. Their model strengthens the link between...
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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.
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Decision-Making and Relevant Costing
Relevant costs or relevant costing is closely related to decision making. A relevant cost is a cost that will directly change based upon a singular decision.
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Corporate Social Responsibility in Managerial Accounting
This video explains how corporate social responsibility affects managerial accounting practice. Particularly, CSR has an effect on management decision making and disclosures based upon accounting data and information.
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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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Congruity Theory
Role congruity theory proposes that a group will be positively evaluated when its characteristics are recognized as aligning with that group's typical social roles.