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Category Design
Category design is a business strategy and discipline that helps companies create, develop, and dominate new categories of products and services. Category design extends beyond a leadership team's narrower focus on products, company culture and business models. Taught in academia as a business and market strategy, it is explicitly deployed by disruptive innovation companies like Uber, Airbnb and other start up brands. Business magazines such as ''Harvard Business Review'' and '' Inc.'' have published articles on the value of category design. Marc Benioff is an aficionado. History Category design was first proposed in the book ''Play Bigger''. The book lays out a justification for why category creation is an important strategy, and includes a step-by-step guide to applying design thinking to category creation: * discovering and defining a category problem, * creating a clear story (called a point-of-view) that explains and sells the category idea, * defining a category blueprin ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Business Strategy
In the field of management, strategic management involves the formulation and implementation of the major goals and initiatives taken by an organization's managers on behalf of stakeholders, based on consideration of resources and an assessment of the internal and external environments in which the organization operates.qn, date=June 2018 Strategic management provides overall direction to an enterprise and involves specifying the organization's objectives, developing policies and plans to achieve those objectives, and then allocating resources to implement the plans. Academics and practicing managers have developed numerous models and frameworks to assist in strategic decision-making in the context of complex environments and competitive dynamics. Strategic management is not static in nature; the models can include a feedback loop to monitor execution and to inform the next round of planning. Michael Porter identifies three principles underlying strategy: * creating a " uni ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Daniel Kahneman
Daniel Kahneman (; he, דניאל כהנמן; born March 5, 1934) is an Israeli-American psychologist and economist notable for his work on the psychology of judgment and decision-making, as well as behavioral economics, for which he was awarded the 2002 Nobel Memorial Prize in Economic Sciences (shared with Vernon L. Smith). His empirical findings challenge the assumption of human rationality prevailing in modern economic theory. With Amos Tversky and others, Kahneman established a cognitive basis for common human errors that arise from heuristics and biases, and developed prospect theory. In 2011 he was named by '' Foreign Policy'' magazine in its list of top global thinkers. In the same year his book ''Thinking, Fast and Slow'', which summarizes much of his research, was published and became a best seller. In 2015, ''The Economist'' listed him as the seventh most influential economist in the world. He is professor emeritus of psychology and public affairs at Princeton U ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
List Of Unicorn Startup Companies
This is a list of unicorn startup companies. In finance, a unicorn is a privately held startup company with a current valuation of US$1 billion or more, across technology centers throughout the world. Notable lists of unicorn companies are maintained by ''The Wall Street Journal'', ''Fortune Magazine'', CNNMoney/ CB Insights, TechCrunch, PitchBook/Morningstar, and Tech in Asia. History List Unicorns are concentrated in developed and some developing global regions, including a few dozen countries. As per CB Insights, as on October 7, 2022 the number of unicorn startups in some of the developed and developing countries were as follows: US (644), China (302), India (108), UK (46), Germany (29), France (24), Israel (22), Canada (19), Brazil (16), South Korea (16), Singapore (13), Indonesia (11), Australia (8), Mexico (8), Sweden (8), Hong Kong (7), Netherlands (7), Ireland (6), Japan (6), Switzerland (6), Norway (5), Spain (4), Belgium (3), Turkey (3), UAE (3), Austria (2) ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Value Shop
A value shop is an organization designed to solve customer or client problems, rather than creating value by producing output from an input of raw materials. The principles of value shops were first conceptualized by Thompson in 1967, and properly defined by Charles B. Stabell and Øystein D. Fjeldstad of the Norwegian School of Management in 1998, who also created the name. Compared to Michael Porter's concept of the value chain, there is no sequential fixed set of activities or resources utilized to create value. Each problem is treated uniquely and activities and resources are allocated specifically to cater to the problem in question. According to the research of Stabell and Fjeldstad, the value configuration analysis (1998), five main generic activities are carried out in the organization: * Problem Finding and acquisition * Problem Solving * Choice of problem solution * Execution of solution * Control and evaluation Value is created in the shop by several mechanisms allowi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Value Network
A value network is a graphical illustration of social and technical resources within/between organizations and how they are utilized. The nodes in a value network represent people or, more abstractly, roles. The nodes are connected by interactions that represent deliverables. These deliverables can be objects, knowledge or money. Value networks record interdependence. They account for the worth of products and services. Companies have both internal and external value networks. Types External networks include customers/recipients, intermediaries, stakeholders, complementary, open innovation networks and suppliers. Internal networks focus on key activities, processes and relationships that cut across internal boundaries, such as order fulfillment, innovation, lead processing and customer support. Value is created through exchange and the relationships between roles. Definition Christensen defines value network as: "The collection of upstream suppliers, downstream channels ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Value Chain
A value chain is a progression of activities that a firm operating in a specific industry performs in order to deliver a valuable product (i.e., good and/or service) to the end customer. The concept comes through business management and was first described by Michael Porter in his 1985 best-seller, ''Competitive Advantage: Creating and Sustaining Superior Performance''. The concept of value chains as decision support tools, was added onto the competitive strategies paradigm developed by Porter as early as 1979. In Porter's value chains, Inbound Logistics, Operations, Outbound Logistics, Marketing and Sales, and Service are categorized as primary activities. Secondary activities include Procurement, Human Resource management, Technological Development and Infrastructure . According to the OECD Secretary-General the emergence of global value chains (GVCs) in the late 1990s provided a catalyst for accelerated change in the landscape of international investment and trade, wit ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
New Business Development
New business development concerns all the activities involved in the creation of a new enterprise and in realizing new business opportunities, including product or service design, business model design, and marketing. Overview In the traditional definition of business development, new business development is mostly seen as growing an enterprise, with a number of techniques. The mentioned techniques differ, but in fact all of them are about traditional marketing. The main question in these issues is: how to find, reach and approach customers and how to make/keep them satisfied, possibly with new products. When supplying a solution, it is important to focus on the total offering you give instead of only focusing on the product or service. An offering is a package consisting of different proportions of physical product, service, advice, delivery and the costs, including price that are involved in using it. Hereby the advice, adaptation to the customer and the costs are the most impo ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Cornering The Market
In finance, cornering the market consists of obtaining sufficient control of a particular stock, commodity, or other asset in an attempt to manipulate the market price. One definition of cornering a market is "having the greatest market share in a particular industry without having a monopoly". Companies that have cornered their markets have usually done so in an attempt to gain greater leeway in their decisions; for example, they may desire to charge higher prices for their products without fears of losing too much business. The cornerer hopes to gain control of enough of the supply of the commodity to be able to set the price for it. Strategy and risks Cornering a market can be attempted through several mechanisms. The most direct strategy is to buy a large percentage of the available commodity offered for sale in some spot market and hoard it. With the advent of futures trading, a cornerer may buy a large number of futures contracts on a commodity and then sell them at a profi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Share Price
A share price is the price of a single share of a number of saleable equity shares of a company. In layman's terms, the stock price is the highest amount someone is willing to pay for the stock, or the lowest amount that it can be bought for. Behaviour of share prices In economics and financial theory, analysts use random walk techniques to model behavior of asset prices, in particular share prices on stock markets. This practice has its basis in the presumption that investors act rationally and without biases, and that at any moment they estimate the value of an asset based on future expectations. Under these conditions, all existing information affects the price, which changes only when new information comes out. By definition, new information appears randomly and influences the asset price randomly. Empirical studies have demonstrated that prices do not completely follow random walks. Low serial correlations (around 0.05) exist in the short term, and slightly stronger correl ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Shareholder
A shareholder (in the United States often referred to as stockholder) of a corporation is an individual or legal entity (such as another corporation, a body politic, a trust or partnership) that is registered by the corporation as the legal owner of shares of the share capital of a public or private corporation. Shareholders may be referred to as members of a corporation. A person or legal entity becomes a shareholder in a corporation when their name and other details are entered in the corporation's register of shareholders or members, and unless required by law the corporation is not required or permitted to enquire as to the beneficial ownership of the shares. A corporation generally cannot own shares of itself. The influence of a shareholder on the business is determined by the shareholding percentage owned. Shareholders of a corporation are legally separate from the corporation itself. They are generally not liable for the corporation's debts, and the shareholders' liabil ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Initial Public Offering
An initial public offering (IPO) or stock launch is a public offering in which shares of a company are sold to institutional investors and usually also to retail (individual) investors. An IPO is typically underwritten by one or more investment banks, who also arrange for the shares to be listed on one or more stock exchanges. Through this process, colloquially known as ''floating'', or ''going public'', a privately held company is transformed into a public company. Initial public offerings can be used to raise new equity capital for companies, to monetize the investments of private shareholders such as company founders or private equity investors, and to enable easy trading of existing holdings or future capital raising by becoming publicly traded. After the IPO, shares are traded freely in the open market at what is known as the free float. Stock exchanges stipulate a minimum free float both in absolute terms (the total value as determined by the share price multiplied by the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Floodgate Fund
Floodgate Fund is a venture capital firm based in the United States created by Mike Maples Jr. and Ann Miura-Ko. It was originally named ''Maples Investments,'' but was renamed ''Floodgate Fund'' in March 2010. It is focused on investments in technology companies in Silicon Valley. Investments In March 2017, Floodgate raised $131 million for its sixth fund. In previous years, their fifth fund closed at $76 million, the fourth fund closed at $75 million and their third fund at $73.5 million. Floodgate has invested in a number of companies including Twitter, Digg, location-based services company Gowalla, professional networking service BranchOut, Chegg, Formstack, Milk Inc., TaskRabbit, self-storage marketplace SpareFoot, and seasteading platform company Blueseed. As of 2017, they've also invested in Lyft, Refinery29, LabDoor, education startup MissionU, legal discovery startup TextIQ, Okta and Rappi. Media coverage Floodgate Fund and Mike Maples have been covered in ''Tech ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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