The Business Professor
Investor Pitch - Milestones and Funding
What are Milestones and Funding targets in an investor presentation? These milestones showcase the company's progress, growth potential, and ability to execute its business plan. Common examples of milestones include product development...
The Business Professor
InSourcing vs Outsourcing
What is Insourcing? What is Outsourcing? Outsourcing is the process of hiring a third-party or outsourcing company to do a specific task or function for your business. On the other hand, insourcing means bringing the task or function...
The Business Professor
High-Performing Teams (Characteristics)
What is a High-Performing Team? What are the characteristics of the high-performing team? High-performance teams is a concept within organization development referring to teams, organizations, or virtual groups that are highly focused on...
The Business Professor
Groupthink
What is Groupthink? Groupthink is a psychological phenomenon that occurs within a group of people in which the desire for harmony or conformity in the group results in an irrational or dysfunctional decision-making outcome.
The Business Professor
Group vs Team
What is a Group? What is a Team? What is the difference between a group and a team? A group is a collection of individuals who coordinate their efforts, while a team is a group of people who share a common goal. While similar, the two...
The Business Professor
Group Cohesion
What is Group Cohesion? the unity or solidarity of a group, including the integration of the group for both social and task-related purposes.
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Emotional Labor
What is Emotional Labor? Emotional labor is the process of managing feelings and expressions to fulfill the emotional requirements of a job. More specifically, workers are expected to regulate their personas during interactions with...
The Business Professor
Delphi Method
What is the Delphi Method? The Delphi method or Delphi technique is a structured communication technique or method, originally developed as a systematic, interactive forecasting method which relies on a panel of experts. The technique...
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Debt vs Equity - A Balance
Should a business raise money through selling equity or incurring debt? Debt financing may have more long-term financial benefits than equity financing. With equity financing, investors will be entitled to profits, and if you sell the...
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Culture as Organizational Communication
What is Culture as Organizational Communication?
The Business Professor
Crucial Success Factors - Management
What are Crucial Success Factors in Management? Critical success factor is a management term for an element that is necessary for an organization or project to achieve its mission. To achieve their goals they need to be aware of each key...
The Business Professor
Choosing the Right Business Entity
How do you Choosie the Right Business Entity? When choosing a business entity, you should consider: (1) the degree to which your personal assets are at risk from liabilities arising from your business; (2) how to best pursue tax...
The Business Professor
Chaos Theory
What is Chaos Theory? Chaos theory is an interdisciplinary area of scientific study and branch of mathematics focused on underlying patterns and deterministic laws of dynamical systems that are highly sensitive to initial conditions, and...
The Business Professor
Change Agent
What is a Change Agent? In business, a change agent is an individual who promotes and supports a new way of doing something within the company. This can be the use of a new process, the adoption of a new management structure or the...
The Business Professor
Central Driving Forces Model - Explained
What is the Central Driving Forces Model? The central driving forces model is an entrepreneurial-based model that considers the positives and negatives of three areas of the venture; founder(s), opportunities, and resources. The model...
The Business Professor
Capability Maturity Model Integration
What is the Capability Maturity Model Integration? Capability Maturity Model Integration is a process level improvement training and appraisal program. Administered by the CMMI Institute, a subsidiary of ISACA, it was developed at...
The Business Professor
Business Incubator
What is a Business Incubator? A business incubator is an organization that helps startup companies and individual entrepreneurs to develop their businesses by providing a fullscale range of services starting with management training and...
The Business Professor
Bottom Up and Top Down Management
What is Bottom Up Management? What is Top Down Management? The top-down approach to management is when company-wide decisions are made solely by leadership at the top, while the bottom-up approach gives all teams a voice in these types...
The Business Professor
Biases and Errors in Decision Making
What are some common biases and errors in Deicsion Making? here are a plethora of cognitive biases, also known as subconscious errors, that have been studied by psychologists, and it is important to understand that each individual will...
The Business Professor
Affinity Diagram - Applied in Entrepreneurship
What is an Affinity Diagram as it is used in Entrepreneurship? The affinity diagram organizes a large number of ideas into their natural relationships. It is the organized output from a brainstorming session. Use it to generate,...
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ADKAR Model
What is the ADKAR Model? The ADKAR Model of Change Management is an outcome-oriented change management method that aims to limit resistance to organizational change.
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Acceptance Theory of Authority
What is the Acceptance Theory of Authority? Acceptance theory of authority states that a manager's authority rests on workers' acceptance of his right to give orders and to expect compliance. Workers have to believe that the manager can...
The Business Professor
Types of Organizational Learning
What are the Types of Organizational Learning? single loop, double loop, deutero learning, Organizational learning theory is a branch of organizational studies that seeks to understand how organizations acquire and use knowledge to...
The Business Professor
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...