What are Value-Added Resellers (VAR)? Value-added resellers (VAR) are companies that improve or customize products or services from the primary source for reselling. In addition to the products provided by suppliers or manufacturers, the companies may also sell their supplementary products and services. Typically, the value emanates from providing professional services, such as product assembly,…
What is Valued Marine Policy? A valued marine policy is a branch of marine insurance that assigns a value on the insured property before the occurrence of loss or damage. Marine insurance is a form of marine policy that covers ships or cargo from the risk of loss or damage during transit. It manages the…
What is a Business Plan? A business plan is a document that contains the operational and financial plan of a business, and details how its objectives will be achieved. It serves as a road map for the business and can be used when pitching investors or financial institutions for debt or equity financing. A business…
What is a Strategic Buyer? A strategic buyer is a buyer who is already operating in the same industry as the company he’s trying to acquire. Often, strategic buyers are competitors, suppliers, or clients of the acquisition target. The strategic buyer’s main goal is to find a company whose products and services align with the…
What is Organizational Analysis? Organizational analysis is the process of appraising the growth, personnel, operations, and work environment of an entity. Undertaking an organizational analysis is beneficial, as it enables management to identify areas of weakness and then find approaches for eliminating the problems. Characteristics of Organizational Analysis Important aspects of organizational analysis include the…
What is the Business Model Canvas? The business model canvas is a strategic planning tool used by managers to illustrate and develop their business model. The business model canvas template clearly identifies the key elements that make up a business. Additionally, it simplifies a business plan into a condensed form. In this way, the business model…
Business Model Canvas Examples The business model canvas is a tool used by business owners and managers to plan their strategy and business model. This tool can be used to plan any sort of business, from niche to mass markets. In this article, we have prepared some business model canvas examples using our template. Corporate…
What is Strategic Management? Strategic management is the formulation and implementation of major objectives and projects, by an organization’s management on behalf of its shareholders (or owners). Typically, the formulation process starts with an assessment of available resources, an industry analysis to assess the competitive environment in which the company operates, and an internal operations…
What is a Special Purpose Acquisition Company (SPAC)? A special purpose acquisition company (SPAC) is a corporation formed for the sole purpose of raising investment capital through an initial public offering (IPO). Such a business structure allows investors to contribute money towards a fund, which is then used to acquire one or more unspecified businesses…
