by TheBusinessProfessor | Feb 23, 2025 | Strategy, Entrepreneurship, & Innovation
What is the Jumpstart Our Business Startups Act (JOBS) Act?Jumpstart Our Business Startups Act, commonly referred to as the acronym JOBS Act, is an act of the United States Congress that reduced regulatory requirements for small businesses from some provisions of the...
by TheBusinessProfessor | Feb 23, 2025 | Strategy, Entrepreneurship, & Innovation
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...
by TheBusinessProfessor | Feb 23, 2025 | Strategy, Entrepreneurship, & Innovation
What is a Business Incubator?An incubator is an organization that helps to build a startup or growth-business into a larger-scale business operation. It does this by monitoring and facilitating the business progress at all stages of development. Most incubators...
by TheBusinessProfessor | Feb 23, 2025 | Strategy, Entrepreneurship, & Innovation
What is Insourcing?Insourcing is the allocation of jobs or assignment to individuals in the firm or in a cooperative firm (such as a subsidiary). Insourcing is the opposite of outsourcing. What is Outsourcing? Outsourcing involves hiring third parties (outside of the...
by TheBusinessProfessor | Feb 23, 2025 | Strategy, Entrepreneurship, & Innovation
What is a Certified Business Analysis Professional?This is a professional certification and registered trademark from International Institute of Business Analysis (IIBA) that is granted to persons who have gained extensive business analysis experience. The...
by TheBusinessProfessor | Feb 23, 2025 | Strategy, Entrepreneurship, & Innovation
What is a Cottage Industry?A cottage industry generally refers to a business that produces goods on a small scale and in a decentralized manner. It may be that the manufacturing is done from a residential dwelling. The products are often handcrafted. Cottage...
