What are Mintzberg's Five Configuration of Strategic Management? · Operating Core · Strategic Apex · Middle-Level Managers · Technostructure · Support Staff.

This Video Explains Methods of Innovation

This Video Explains Marketing Strategy Price

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...

This Video Explains Product Development Process

This Video Explains Prior Experience and Entrepreneurship

How do you prepare a business for equity investment? You need to prepare your business to attract equity investors. This includes preparing a robust business plan, having a board of directors in place and brushing up on your presentation...

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...

Your sales message is your pitch, where you make your case to potential customers and convince them that they should buy your product. You may have different sales messages depending on a variety of factors, including the product,...

What is a Business Founder? The founder is someone who first started their company. They thought of the original idea for a product or service and started the company to offer that product or service to their customers. A founder does...

What is Operational Analysis of a startup venture? How is an operational analysis carried out? The process of operational analysis involves gathering data from various sources, such as customer feedback, employee surveys, and financial...

What is a competitive analysis in a business plan? A competitor analysis, also referred to as a competitive analysis, is the process of identifying competitors in your industry and researching their different marketing strategies. You...

This Video Explains Business Strategy Porters Generic Strategies

This Video Explains Business Strategy Bowman Clock

What is the Operations section of the Business Plan? What should be included? The operations section of your business plan is where you explain – in detail – you company's objectives, goals, procedures, and timeline. An operations plan...

What is the difference between a Business Model and a Business Plan? The business model is the foundation of a company, while the business plan is the structure. So, a business model is the main idea of the business together with the...

This Video Explains Business Consulting Firms - Importance and Lists

Budgeting or setting a budget is the process of allocating resources to future or intended activities. There many types of budget and manners of involvement in the budgeting process.

A concentration strategy is when a business focuses on a specific group of clients, a specific product, or a specific geographic market.

Commoditize means a product or service has become identical to the same type of offering presented by a rival, distinguished only by its price.

This Video Explains Entrepreneur vs Inventor

Elevator Pitch Communication Objectives

This Video Explains the Elements of an Operational Plan

This Video Explains the Elements of a Marketing Plan