McKinsey’s 7s Model

by TheBusinessProfessor | Feb 23, 2025 | Strategy, Entrepreneurship, & Innovation

[cite] Back to: Business Management What is McKinseys 7S Model? This model was developed by McKinsey & Co. Consultants in concert with Harvard Business School and Stanford Business School professors. The model presents the attributes of a company that are...

Setting Company Goals

by TheBusinessProfessor | Feb 23, 2025 | Strategy, Entrepreneurship, & Innovation

[cite] Back to: Business Management How do Companies set Goals? How companies develop goals and objectives will vary based upon the organizations structure and the orientation of leaders. The traditional method of setting goals proceeds as follows. Guided by the...

What is a Mission Statement?

by TheBusinessProfessor | Feb 23, 2025 | Strategy, Entrepreneurship, & Innovation

[cite] Back to: Business Management What is a Mission Statement? A mission statement tells what a business does, how it does it, and from whom. It can be thought of as the organization’s raison d’tre or reason for existing. In summary, it is a strategy...

What is a Values Statement?

by TheBusinessProfessor | Feb 23, 2025 | Strategy, Entrepreneurship, & Innovation

[cite] Back to: Business Management What is a Values Statement? In addition to the mission and vision statements, companies will frequently create a values statement. This statement seeks to reinforce the core operating values of the company. Values statements are...

Recap of Business Analysis and Industry Forces

by TheBusinessProfessor | Feb 23, 2025 | Strategy, Entrepreneurship, & Innovation

[cite] Next Article: Competitive Advantage Back To: ENTREPRENEURSHIP Recap of the Business Analysis and Industry Forces The SWOT analysis, along with PESTEL factors told you a good deal about the internal and external threats on your business operations. The Porters...

Exiting Your Business

by TheBusinessProfessor | Feb 23, 2025 | Strategy, Entrepreneurship, & Innovation

[cite] Next Article: Closing Up Shop Back to: STRATEGY, ENTREPRENEURSHIP, & INNOVATION Exiting Your Business Many startups begin with the expectation of capitalizing on the firm’s value through a later exit event. An exit event is any method by which the...