by TheBusinessProfessor | Feb 23, 2025 | Management, Leadership, & Organizational Behavior
What is Value-Based Management? Value Based Management (VBM) is the management philosophy whereby managers focus on the creation, management, and measurement of corporate value. What is Value in a Business Organization? Value in a corporation has traditionally meant...
by TheBusinessProfessor | Feb 23, 2025 | Principles of Marketing
What is Consumption Behavior or Buying Behavior? Consumption behavior, also know as Buying Behavior, is how participants in the market respond or react to marketing efforts. It primarily concerns people’s buying attitudes and intentions. Marketers employ the following...
by TheBusinessProfessor | Feb 23, 2025 | Operations, Project, & Supply Chain Management
What is Vendor Managed Inventory (VMI)? Vendor Managed Inventory, also known as Continuous Replenishment and Supplier Managed Inventor, is an inventory management system where the vendor or distributor of the goods manages the inventory of those goods on behalf of the...
by TheBusinessProfessor | Feb 23, 2025 | Business Finance, Personal Finance, and Valuation Principles
What is a Whisper Number?A whisper number is the unofficial projections made by financial analysts regarding a company’s financial performance (earnings report) for a given period. It is generally not publicly communicated; rather, it is communicated “whispered” to...
by TheBusinessProfessor | Feb 23, 2025 | Strategy, Entrepreneurship, & Innovation
What is a Wicked Problem?Major organizational problems related to strategy (generally competitive strategy) or often referred to as “wicked problems”.Wicked problems can also be applied to society at large. Some examples of wicked problems are poverty, terrorism,...
by TheBusinessProfessor | Feb 23, 2025 | Strategy, Entrepreneurship, & Innovation
What is a Window of Opportunity or Strategic Window? A window of opportunity, commonly referred to as a strategic window, is the period of time in which an approach or strategy can be employed to exploit (gain value from) a recognized opportunity (scenario where value...
by TheBusinessProfessor | Feb 23, 2025 | Professionalism & Career Development
What is Job Shadowing ?Job Shadowing (JS) is a type of on-the-job training. Generally, it occurs when employees in one area of an organization (Shadow) are tasked to work (or observe work) alongside individuals in another functional area of organization (the...
by TheBusinessProfessor | Feb 23, 2025 | Business Communications & Negotiation
What is Zoom Fatigue? Zoom fatigue is a type of exhaustion or burnout that individuals (particularly employees) encounter or feel as a result of extensive or excessive use of video conferencing – an electronic means of communication.The name is derived from an...
by TheBusinessProfessor | Feb 23, 2025 | Business Communications & Negotiation
What is a Zero-Sum Game? The term Zero-Sum Game is generally used in game theory to refer to a situation in which any gains (such as profits or benefits) accumulated by one participant is offset by the accumulated losses of one or more other participants.Basically, if...
by TheBusinessProfessor | Feb 23, 2025 | Business Ethics & Social Responsibility
What is a Net Positive Company?A net positive company is a business or firm that has a overall positive impact on its stakeholders (employees, suppliers, customers, community, and society at large). Polman and Winston, propose the following approach by businesses to...
