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Study notes

Decision Trees

00:13:46

A decision tree is a mathematical model used to help managers make decisions.

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Decision Trees
Study notes

Labour turnover

00:9:43

How frequently do employees leave a business? It's an important issue for many businesses and an insight can be provided by the labour turnover ratio.

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Labour turnover

We are pleased to have partnered with market research firm Mintel to provide this free report on the Global Chocolate Confectionery industry.

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Edexcel A Level Business: Mintel Chocolate Confectionery Overview Report

Greiner's Growth Model suggests that there are five crises that businesses may experience as they grow.

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Greiner's Growth Model

Charles Handy, a leading authority on organisational culture, defined four different kinds of culture: Power, Role, Task and Person.

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Handy's Model of Organisational Culture

What role does the job (or tasks) that employees are asked to do have on their motivation at work? One theory that tries to address this is Hackman & Oldham...

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Hackman & Oldham’s Job Characteristics Model

Price elasticity of demand measures the responsiveness of quantity demanded for a product to a change in price. It is one of the most important concepts in business, particularly when...

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Price Elasticity of Demand
Study notes

Product Life Cycle

The product life cycle is an important concept in marketing. It describes the stages a product goes through from when it was first thought of until it finally is removed...

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Product Life Cycle

Porter suggested four "generic" business strategies that could be adopted in order to gain competitive advantage. The strategies relate to the extent to which the scope of a business' activities...

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Porter's Model of Generic Strategies for Competitive Advantage

The Five Forces Model was devised by Professor Michael Porter. The model is a framework for analysing the nature of competition within an industry.

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Porter's Five Forces Model of Industry Competiton

Taylor put forward the idea that workers are motivated mainly by pay.

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Motivation - Taylor (Scientific Management)

Maslow focused on the psychological needs of employees. Maslow put forward a theory that there are five levels in a hierarchy of human needs that employees need to have fulfilled...

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Motivation - Maslow (Hierarchy of Needs)

Herzberg had close links with Maslow and believed in a two-factor theory of motivation. He argued that there were certain factors that a business could introduce that would directly motivate...

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Motivation - Herzberg (Two Factor Theory)

Lewin's Force Field Model is an important contribution to the theory of change management - the part of strategic management that tries to ensure that a business responds to the...

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Lewin's Force Field Model (Change Management)

The extended marketing mix (7P's) is the combination of seven elements of marketing that aim to work together to achieve the objectives of a marketing strategy. These 7 elements are: product;...

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Extended Marketing Mix (7P's)
Study notes

The Experience Curve

The concept behind the Experience Curve is that the more experience a business has in producing a particular product, the lower its costs.

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The Experience Curve

Elkington's Triple Bottom Line model is an influential model that has helped share the corporate social responsibility agenda.

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Elkington's Triple Bottom Line (CSR)
Study notes

Carroll's CSR Pyramid

Carroll's CSR Pyramid is a simple framework that helps argue how and why organisations should meet their social responsibilities.

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Carroll's CSR Pyramid

Bowman’s Strategic Clock is a model that explores the options for strategic positioning – i.e. how a product should be positioned to give it the most competitive position in...

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Bowman's Strategic Clock (Strategic Positioning)

The Boston Matrix is a model which helps businesses analyse their portfolio of businesses and brands. The Boston Matrix is a popular tool used in marketing and business strategy.

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Boston Matrix (Product Portfolio Model)

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