The Business Professor
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...
The Business Professor
Coopetition
Coopetition or co-opetition is a neologism coined to describe cooperative competition. Coopetition is a portmanteau of cooperation and competition.
The Business Professor
Contestable Market Theory
The contestable market theory states that companies with few rivals behave in a competitive manner when the market they operate in has weak barriers to entry. The continuous risk of new entrants emerging and stealing market share leads...
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Consortium
A consortium is an association of two or more individuals, companies, organizations, or governments with the objective of participating in a common activity or pooling their resources for achieving a common goal.
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Configuration School of Strategy
What is the Configuration School of Strategy? The Configuration schools view strategy formation (configuration) as a process of organizational transformation. Configuration refers to the organization and the context in which it operates.
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Concentration Strategy
A concentration strategy is when a business focuses on a specific group of clients, a specific product, or a specific geographic market.
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Competitive Strategy
In business, a competitive advantage is an attribute that allows an organization to outperform its competitors.
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Competition Profile Matrix
The profile matrix identifies a firm's key competitors and compares them using industry's critical success factors.
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Commoditize
Commoditize means a product or service has become identical to the same type of offering presented by a rival, distinguished only by its price.
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Collaborative Advantage
Collaboration is based on having common goals and interests, a desire to capitalize on each other's strengths through collaboration and working together.
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Click and Mortar Business Model
A click-and-mortar business model is based on investing in both a physical and online presence. Click and mortar models are becoming increasingly popular as consumers seek to buy products online and off and to examine products offline...
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Choosing a Competitive Strategy
What is the process that businesses use in determining the appropriate competitive strategy
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Buyer Utility Map
The Buyer Utility Map, developed by Chan Kim and Renée Mauborgne, helps to get managers thinking from a demand-side perspective.
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Business Activity Monitoring
Business activity monitoring is software that aids the monitoring of business activities which are implemented in computer systems.
The Business Professor
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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Bleeding Edge
Bleeding edge is a term used to describe the very latest and most modern technology available, such as the latest version of a rolling-release software.
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Benchmarking
Benchmarking is the practice of comparing business processes and performance metrics to industry bests and best practices from other companies. Dimensions typically measured are quality, time and cost.
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BCG Growth Share Matrix
The growth share matrix is, put simply, a portfolio management framework that helps companies decide how to prioritize their different businesses.
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Asset Acquisition Strategy
An asset acquisition strategy is the purchase of another company through the process of buying its assets as opposed to buying its stock. Reasons for an asset acquisition strategy focus on promoting growth through external means as...
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Ansoff Matrix
The Ansoff Matrix, also called the Product/Market Expansion Grid, is a tool used by firms to analyze and plan their strategies for growth.
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Action Profit Linkage Model
The Action-Profit Linkage Model helps firms identify, measure and understand the causal links between actions and profits.
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3 Horizons of Growth
The three horizons framework offers a way to concurrently manage both current and future opportunities for growth.
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Types of Business Strategy
Organizational (Corporate) Strategy; Business (Competitive) Strategy; Functional Strategy ; Growth-Based Strategies,; Stability Strategies, · Retrenchment
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Six Paths Framework
The Six Paths Framework developed by Chan Kim and Renée Mauborgne allows managers to address the search risk many companies struggle with.