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Role of Marketing in the Organization
This Video Explains the Role of Marketing in the Organization
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Retrenchment Strategy
Retrenchment is a strategy that some organizations use to prevent further profit losses.
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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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When to Incorporate a Business Entity
When should you Incorporate a Business Entity? Incorporate before hiring employees helps to protect your assets. Businesses that have or expect to have employees should incorporate before hiring them. Employers are generally liable for...
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Introduction to Managerial Accounting
In this video, the speaker provides an explanation of what managerial accounting is and how it differs from financial accounting. The video highlights the tasks and responsibilities of a managerial accountant, such as preparing financial...
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What is a Business Founder_
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...
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Vertical Integration Strategy
In economics, vertical integration is the term used to describe a business strategy in which a company takes ownership of two or more key stages of its supply chain.
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Value Reporting Framework
The Value Reporting Foundation is a global nonprofit organisation that offers a comprehensive suite of resources designed to help businesses and investors
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Transfer Pricing and Policies
Transfer pricing is applicable to the transfer of goods and services between mutually-controlled entities. This video explains transfer pricing and provides guidance with regard to policies that comply with treasury regulations.
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Transactional Leadership
Transactional leadership, also known as managerial leadership, is a leadership style where leaders rely on rewards and punishments to achieve optimal job performance from their subordinates. The transactional executive leadership model...
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Zero Cost Strategy
The term zero-cost strategy refers to a trading or business decision that does not entail any expense to execute. A zero-cost strategy costs a business or individual nothing while improving operations, making processes more efficient, or...
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Whistleblower
Whistleblowers perform an important service for the public and the Department of Justice (DOJ) when they report evidence of wrongdoing. All DOJ employees, contractors, subcontractors, grantees, subgrantees, and personal services...
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VRIO Analysis
VRIO is a business analysis framework that forms part of a firm's larger strategic scheme, proposed by Jay Barney in 1991. The basic strategic process of any firm begins with a vision statement, and continues on through objectives,...
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Values Statement in the Business Plan
What is the Values Statement in a Business Plan? The values statement highlights an organization's core principles and philosophical ideals. It is used to both inform and guide the decisions and behaviors of the people inside the...
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Value Streaming Map - Explained
What is the Value Streaming Map? Value stream mapping is a technique — developed from Lean manufacturing — that organizations use to create a visual guide of all the components necessary to deliver a product or service, with the goal of...
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Value Engineering
Value engineering is the review of new or existing products during the design phase to reduce costs and increase functionality to increase the value of the product. The value of an item is defined as the most cost-effective way of...
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Urwick's 10 Principles of Organizations
Dr. Kyle Huff explains what are Urwick's 10 Principles of Organizations
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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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Types of Teams
What are the Types of Teams? The five most popular types of teams in an organization include problem-solving teams, self-managed work teams, cross-functional teams, virtual teams, and multiteam systems. A formal team is a group of...
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Types of Power
French and Raven, researchers at the University of Michigan, identified five bases — or sources — of social power in 1959: legitimate, reward, referent, expert, coercive
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Types of Organizational Structure
Dr. Kyle Huff explains what are the types of Organizational Structure
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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...