by TheBusinessProfessor | Feb 23, 2025 | Strategy, Entrepreneurship, & Innovation
Product or Service Development The development stage is where you set into motion the value creation process. By its very nature, a product or service serves or purpose or objective that another person entity is unable to fulfill. This process involves the technical...
by TheBusinessProfessor | Feb 23, 2025 | Strategy, Entrepreneurship, & Innovation
What is Strategy? Summary: Business strategy is a planned approach toward a commercial activity. It involves the direction of the organization in achieve a short-term goal or long-term mission. Strategy considers the use or configuration of resource within the...
by TheBusinessProfessor | Feb 23, 2025 | Strategy, Entrepreneurship, & Innovation
The business plan is a detailed roadmap for your business. It is a non-static, living, breathing document that should be updated regularly to reflect the course and strategy of the business. The business plan provides context and gives a holistic view of the entire...
by TheBusinessProfessor | Feb 23, 2025 | Strategy, Entrepreneurship, & Innovation
What goes into getting a business license? Local government controls the issuance of a business license within its territory. The business license has several purposes, including regulation, accountability, and taxation. This article give a brief overview of what to...
by TheBusinessProfessor | Feb 23, 2025 | Strategy, Entrepreneurship, & Innovation
Ideation and Innovation Ideation and innovation are two closely related, but distinct, concepts. Ideation springs from its route word, “idea”. It involves the mental process of brainstorming concepts and theories. Innovation involves the process of turning...
by TheBusinessProfessor | Feb 23, 2025 | Strategy, Entrepreneurship, & Innovation
Market Analysis Market research is the process of identifying and quantifying potential markets in which to sell a product or service. The process is far more than mere quantitative analysis of numbers of potential customers and past purchasing date. It involves many...
