by TheBusinessProfessor | Feb 23, 2025 | Strategy, Entrepreneurship, & Innovation
What is Bottom-up Forecasting?Bottom-up forecasting is a method of estimating future sales revenue. The process begins with estimating sales revenue of each product or product line. The number of potential sales per product is multiplied by the average sale value to...
by TheBusinessProfessor | Feb 23, 2025 | Strategy, Entrepreneurship, & Innovation
What is a Brownfield Investment?A Brownfield investment, also known as brownfield, is when a firm or a government body buys or contracts an existing facility to launch their new activity. The alternative strategy to brownfield investment is greenfield investment where...
by TheBusinessProfessor | Feb 23, 2025 | Strategy, Entrepreneurship, & Innovation
What is a Brassboard Configuration?Brassboard configuration is experimental model used outside of the laboratory environment (field testing) to determine the feasibility of the product under development. It is used in developing technical and operational data for...
by TheBusinessProfessor | Feb 23, 2025 | Strategy, Entrepreneurship, & Innovation
What is a Balanced Matrix Organization?A balanced Matrix Organization is one in which a matrix management strategy is put in place to balance the level of authority between the project group and the functional groups. As such, a balanced matrix organization is...
by TheBusinessProfessor | Feb 23, 2025 | Strategy, Entrepreneurship, & Innovation
What is a Minority Enterprise Small Business Investment Company?The Minority Enterprise Small Business Investment Companies (MESBICs) are government-chartered venture firms that invest in companies or organizations that are at least 51 percent owned by members of a...
by TheBusinessProfessor | Feb 23, 2025 | Strategy, Entrepreneurship, & Innovation
What is the Small Business Innovation Research (SBIR) Act?Small Business Innovative Research, commonly known as SBIR, is a United States Government program initiated to assist certain small businesses to carry out research and development. The SBIR was established...
