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Value Stream Mapping – Explained

by TheBusinessProfessor | Feb 23, 2025 | Operations, Project, & Supply Chain Management

What is Value Stream Mapping? Value stream mapping, also known as value stream analysis, is a method for analyzing the value delivery process in a business. More specifically, it is primarily used to create a graphical or visual representation of the value chain in a...

Crisis Management – Explained

by TheBusinessProfessor | Feb 23, 2025 | Management, Leadership, & Organizational Behavior

What is Crisis Management?Crisis management, a facet or risk management, is a process-based approach to addressing highly unfavorable situations arising within an organization. It involves developing a strategy and plan for addressing the cause and consequences of an...

Innovation Management – Explained

by TheBusinessProfessor | Feb 23, 2025 | Management, Leadership, & Organizational Behavior

What is Innovation Management?Innovation management concerns all activities and processes related to innovation within the organization. Innovation is the process of bringing into existence something novel and unique. It generally involves developing and/or...

Disruptive Innovation – Explained

by TheBusinessProfessor | Feb 23, 2025 | Management, Leadership, & Organizational Behavior

What is Disruptive Innovation?Disruptive innovation, first proposed by Harvard Professor, Clayton Cristensen, concerns the creation of new markets or value networks through innovations. The innovations disrupt, and often displace, existing markets, value networks, and...

Service Management – Explained

by TheBusinessProfessor | Feb 23, 2025 | Management, Leadership, & Organizational Behavior

What is a Manufacturing Organization? Manufacturing organizations produce physical, tangible items which can be stored as inventory before delivery to the customer.  What is a Service Organization?Service organizations produce intangible items that cannot be produced...
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