Tag: Strategy

What is Agency Theory?

Key takeaway: Agency Theory explains the relationship between principals (owners) and agents (managers), highlighting conflicts that arise when…
What is Transaction Cost Economics (TCE)?

Key takeaway: Transaction Cost Economics explains why firms sometimes “make” internally rather than “buy” from the market. Coase…
About Michael Porter, Management Guru

Michael Porter is one of the most influential figures in the field of business strategy. A professor at…
What is Blue Ocean Strategy?

Blue Ocean Strategy encourages firms to escape intense competition (“red oceans”) by creating uncontested market space (“blue oceans”).…
What is Risk Management Theory?

Risk Management Theory focuses on identifying, assessing, and prioritising potential threats to organisational objectives. It emphasises analysing likelihood…
What is Corporate Social Responsibility (CSR)?

Key takeaway: Corporate Social Responsibility is a business approach where firms voluntarily address their social, environmental, and ethical…
What is the Product Adoption Curve?

Key takeaway: The Product Adoption Curve illustrates how customers adopt new products over time, moving through innovators, early…
What is Disruptive Innovation Theory?

Key takeaway: Disruptive Innovation Theory explains how simpler, cheaper, or more accessible products initially serve overlooked market segments…
What is a PESTLE Analysis?

Key takeaway: PESTLE Analysis (also PESTEL Analysis) is a strategic tool used to assess external factors that influence…
What is the The Knowledge-Based View (KBV)?

Key takeaway: The Knowledge‑Based View argues that knowledge is a firm’s most strategic resource and the key driver…