by TheBusinessProfessor | Feb 23, 2025 | Strategy, Entrepreneurship, & Innovation
[cite] Back To: BUSINESS STRATEGY What is Core Business Competency? Core competency is the primary skill or ability of a firm in the process of delivering value to the consumer. The term was coined in a research article, The Core Competencies of the Corporation, by...
by TheBusinessProfessor | Feb 23, 2025 | Strategy, Entrepreneurship, & Innovation
[cite] Back To: BUSINESS STRATEGY What is the Ansoff Matrix in business strategy? This is a strategic plan for business growth based upon the method or manner of growth the firm pursues. It was developed by Prof. Igor Ansoff in 1957. It proposes that firms grow by...
by TheBusinessProfessor | Feb 23, 2025 | Strategy, Entrepreneurship, & Innovation
[cite] Back To: BUSINESS STRATEGY Strategic goals or objectives? The most basic strategic goal of any business is growth. You may have heard the refrain, if a business is not growing, it is dying. This is true because of competition. Competitors will enter any given...
by TheBusinessProfessor | Feb 23, 2025 | Strategy, Entrepreneurship, & Innovation
Use this article to understand how to use our resources. It will walk you through the early path of becoming an entrepreneur. It shows you the considerations at each stage of business creation and links to the extensive learning material where you will acquire the...
by TheBusinessProfessor | Feb 23, 2025 | Strategy, Entrepreneurship, & Innovation
[cite] Next Article: Capitalization Matters Back to: LAW, RISK, and TRANSACTIONS Initial Board Actions The initial board is charged with establishing the operations of the corporation. This begins with resolutions approving and authorizing certain corporate actions....
by TheBusinessProfessor | Feb 23, 2025 | Strategy, Entrepreneurship, & Innovation
[cite] Next Article: Employee & Intellectual Property Matters Back to: LAW, RISK, and TRANSACTIONS Capitalization Matters Capitalization is the funding of the business venture. A startup will be capitalized by contributions from founders. In exchange for...
