Core Business Strategy: Models, Advantage, and Frameworks
Business Model Fundamentals
Characteristics of a Good Business Model
Three characteristics contribute to a business model’s competitive advantage:
- Alignment with company goals
- Self-reinforcing nature
- Robustness
Definitions: Strategy, Tactics, Business Model
Strategy: A plan to create a unique and valuable position involving a distinctive set of activities.
Tactics: The residual choices open to a company by virtue of the business model it employs.
Business Model: Refers to the logic of the company—how it
Read MoreLogic: Categorical Propositions & Syllogisms Explained
Categorical Propositions and Syllogisms
What is a Categorical Proposition?
A Categorical Proposition contains a subject and a predicate, asserting that some or all of the members of the subject class are included in or excluded from the predicate class.
Example Premise Set:
- Whales are mammals.
- All mammals breathe by means of lungs.
- Therefore, whales breathe by means of lungs.
Categorical Syllogism
A Categorical Syllogism is a deductive argument consisting of three categorical propositions: two premises
Read MoreManagement Principles: Supervision, Needs & Finance
Supervision and Control Benefits
- Facilitates Control: A supervisor facilitates control by monitoring work in progress against the planned schedule, checking the methods being used, evaluating actual performance at regular intervals, and taking corrective action if necessary.
- Optimum Utilization of Resources: Supervising work while it is in progress leads to minimum wastage of time and resources. It ensures time and plan schedules are adhered to, and if there are any deviations, immediate remedial
Understanding Economic Offenses and Labor Exploitation
Economic Offenses: An Overview
Economic offenses refer to illegal activities committed for financial gain. These offenses violate laws related to commerce, finance, and trade. Here are some common types:
- Fraud: Deception to secure unfair or unlawful gain. Examples include credit card fraud, insurance fraud, and securities fraud.
- Money Laundering: Making illegally obtained money appear legitimate through complex transactions to conceal its source.
- Embezzlement: Misappropriation of funds for personal
Sales Structures, Marketing Strategies & Distribution Channels
Sales Force Structures Compared
Geographic Structure
- Strengths: Simplicity, Relatively low cost.
- Weaknesses: Difficulty in selling a wide product range, Lower understanding of the complexities of buyer behavior, Poorer reporting of changes in the marketplace.
Product Specialization Structure
- Strengths: Good knowledge of products, Selling skills, Greater attention given to new products, Eliminates competition between the selling of new and existing products.
- Weaknesses: Rising travel costs, Relatively
EU Integration’s Impact on Southern Europe’s Social Policy
Southern Europe’s Social Policy Adjustments
Southern European countries have experienced some loss of autonomy. However, achieving EU economic competitiveness has not drastically limited their levels of social protection.
Spain’s system continues to be based on Bismarckian principles and universal coverage, especially regarding healthcare. Social services cover all citizens, not just workers and their families. Additionally, two parallel trends have emerged: controlling costs and improving service
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