by TheBusinessProfessor | Feb 23, 2025 | Strategy, Entrepreneurship, & Innovation
What is the Central Driving Forces Model?The central driving forces model is an approach to analyzing the strategic position of an entrepreneurial venture. The model assesses founders, opportunities, and resources. It assesses whether there are consistent elements...
by TheBusinessProfessor | Feb 23, 2025 | Strategy, Entrepreneurship, & Innovation
What is the Small Business Innovation Development Act?The Small Business Innovation Development Act was enacted in 1982. It established the Small Business Innovation research (SBIR) program. SBIR’s purpose is to empower small business with federal funding to...
by TheBusinessProfessor | Feb 23, 2025 | Strategy, Entrepreneurship, & Innovation
What is a Social Venture?A social venture can be described as a formal agreement, a contract, or an undertaking to solve social problems or effecting social change. So, a social venture can be better explained as the incorporation of business skills to solve social or...
by TheBusinessProfessor | Feb 23, 2025 | Strategy, Entrepreneurship, & Innovation
What are Payroll Taxes?Payroll taxes consist of Medicare and Social Security taxes that are required to be withheld by an employer from an employee’s compensation. Payroll taxes are authorized under the Federal Insurance Contributions Act or FICA. The employer...
by TheBusinessProfessor | Feb 23, 2025 | Strategy, Entrepreneurship, & Innovation
What is the Small Business Job Protection Act Of 1996?The Small Business Job Protection Act was passed in 1996. The act addressed issues for small businesses, such as the administration and maintenance of 401(k), pension rules and retirement plans, worker employment...
by TheBusinessProfessor | Feb 23, 2025 | Strategy, Entrepreneurship, & Innovation
Business Analysis and Industry ForcesThe SWOT analysis, along with PESTEL factors, told you a good deal about the internal and external threats on your business operations. Porter’s Five Forces analysis helps you to understand the industry and the factors that...
