Key Concepts in Critical Social and Digital Theory
Essential Concepts in Critical Social and Digital Theory
Power, Discipline, and Surveillance
Panopticon
- Author(s): Jeremy Bentham / Michel Foucault
- Definition: A design for a circular prison in which all inmates can be observed by a single guard without knowing when they are being watched.
- Expanded Explanation: The concept illustrates visibility as a method of social control; the uncertainty produces self-regulation.
- Detailed Example (Exam-Ready): CCTV in public spaces makes people behave as though they
Business Debt Arrangements and Alternative Funding Sources
Business Debt Arrangements and Alternative Funding Sources
This is a comprehensive overview of various debt arrangements, the central role of commercial banks, the loan appraisal process, and a collection of modern, alternative funding sources for businesses.
Debt Arrangements 🤝
Loan Syndication
- Definition: A lending arrangement in which a group of two or more lenders (banks or financial institutions) jointly provide a single large loan to a borrower, usually for a major project or acquisition.
- Structure:
Information Systems in Business: Functions, CRM, and Data Security
Information Systems (IS) act as the central nervous system of a business, connecting different departments so they can share data and make coordinated decisions.
Information Systems Across Business Functions
Specific information systems are used in the fields of Marketing, Accounting, and Finance.
Marketing Information Systems (MkIS)
Customer Relationship Management (CRM): Systems like Salesforce or HubSpot track every interaction a customer has with the company. Marketers use this to segment customers
Strategic Analysis Tools: SWOT, BCG Matrix, Porter, VRIO
Strategic Analysis: SWOT, BCG, Porter & VRIO
SWOT is an analysis of the strengths and weaknesses present internally in the organization, coupled with the opportunities and threats that the organization faces externally.
BCG Growth–Share Matrix
The BCG growth–share matrix is one means of analyzing the balance of an organizations product portfolio, the purpose being to produce the best balance of growth versus stable products within a diversified company.
The matrix classifies products into four
Read MoreBusiness Model Development: Franchising Mechanics and Value Creation
Understanding Franchising Mechanics
Franchising is a business method where an established company (the franchisor) licenses its successful business model, brand name, operating systems, and proprietary knowledge to an independent party (the franchisee) for a fee.
In essence, the franchisee pays for the right to operate a business under the franchisor’s recognized brand, following their established procedures and receiving ongoing support. This allows the franchisor to expand its brand rapidly using
Read MoreDefining Organizational Mission, Vision, and Value Strategy
Organizational Mission: Purpose and Scope
The organizational mission is the statement of its purpose and scope. The mission must be defined in terms of satisfying a need in the external environment, rather than simply offering a product or service.
A Cause of Business Failure: Management Focus
One cause of business failure is managers focusing internally rather than on external needs.
Five Key Aspects of the Organizational Mission
- The reason for the organization’s existence.
- The organization’s role in