How to Constructing the Business Model A business model concerns how a business delivers and receives value. Any method of arranging the various components of the business that are part of or contribute to this process is a representative business model.  What is the Business Model Canvass?  This lecture continues the discussion from Overview of a B...

What is a Standard and Poor's Depositary Receipt? Spider is a term which designates a group of Exchange-Traded Funds in which the Standard & Poor's Depositary Receipt is a part of. This Exchange-Traded Fund is controlled by the State Street Global Advisors and this group is solely responsible for tracking the Standard & Poor's 500 indexes (S...

What is a Kano Analysis? It is a theory used in the development of the product and the fulfilling of the customer needs. This theory was invented by Professor Noriak Kano in the 1980s. It categorized customer needs into five classes. How does a Kano Analysis Work? The categories have been changed to the English language by use of different terminolo...

What is a Lean Strategy? Lean strategies focuses on producing more with less input. Thus, it seeks to eliminate waste throughout the entire manufacturing process.  Efficiency can be achieved in two ways: Technical Efficiency Here, a firm that produces the maximum amount of products given limited resources and capital is said to be technically effici...

Are Uber Drivers Employees or Independent Contractors? The specific legal issue with Uber centers on whether the drivers should be ICs or Employees. The change affects the legal requirements of the company under state law and federal laws. Specifically, Uber would be required to meet state and federal minimum wage standards (FLSA), reimburse for cos...

What is the Closer Economic Relations Trade Agreement? The Closer Economic Relations Trade Agreement is an agreement signed between the governments of Australia and New Zealand in 1983. This trade agreement is a comprehensive agreement that saw the establishment of a free trade zone between the two countries. Also, known as Closer Economic Relations...

What are Classified Shares? Classified shares refer to shares of a publicly-traded company that has different share classes categorized as, Class A shares and Class B shares respectively. An in-depth description of the two classes features is always governed by charter as well as the company's bylaws. How are  Classified Shares Used?  Companies that...

What is a Feasibility Study? A feasibility study refers to an analysis that takes every relevant factor of a project into account (legal, economic, technical, and scheduling considerations) to determine the possibility of completing the project successfully.  Project managers utilize feasibility studies to determine whether a project's return is wor...

What is Project Management? Project management refers to a process of initiating a project, planning, executing, and managing the project until it is fully completed. It entails applying specific methods, skills, procedures, and knowledge to the execution of a task.  Project management entails the application of knowledge, skills, tools, and techniq...

What is a copyright? Copyright is a form of intellectual property protections applicable to original expressions by the creator. The primary federal law governing copyrights is the Copyright Act of 1976. An original expression, for purposes of copyright law, is a very broad term. Section 102 of the Copyright Act identifies several categories of prot...