Business in brief library

Operations Techniques

Lifecycle System Approach

Lifecycle System Approach

The Lifecycle System Approach is based on the assertion that products have a limited life, pass through distinct stages and require different marketing, financial, manufacturing, purchasing, and human resource strategies for each stage. The concept provides an overview of this approach and its main benefits and capabilities.

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Lifetime Customer Value Analysis

Lifetime Customer Value Analysis

The concept describes the best practice of customer lifetime value analysis, explores its benefits for organisations, and reviews implementation steps and success factors.

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Locke’s Goal-setting Theory

Locke’s Goal-setting Theory

Locke’s Goal-setting Theory suggests that specific and challenging goals lead to better performance. It argues that clear, measurable objectives, along with regular feedback, enhance motivation and productivity. The theory highlights the importance of goal clarity, commitment, and task complexity in achieving success (Mullins, 2021).

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Logistic Regression

Logistic Regression

Logistic regression underpins analytical decision-making where outcomes are uncertain and require classification. How variables are selected, modelled, and interpreted shapes the reliability of conclusions drawn from data. Application and evaluation of logistic regression therefore play a key role in supporting evidence-based decisions.

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Logistics and Supply Chain Management

Logistics and Supply Chain Management

Firms that improve their logistics can achieve significant savings and improve efficiency. This concepts explains the components of distribution and logistics and how they can be optimised, and provides insights into implementing logistics and supply chain management, as well as different types of measurements.

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Managing Global Virtual Teams

Managing Global Virtual Teams

Improve productivity by 5%+, save on property costs and lead on staff retention by managing virtual teams well.

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Managing Open Innovation

Managing Open Innovation

This concept summarises the benefits of open innovation, presents the challenges and limitations of adopting open innovation technologies and captures best practice and experiences from real-life industrial open innovation projects.

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Mass Customisation

Mass Customisation

Mass customisation revolutionised the ability of companies to develop, produce and deliver affordable goods and services quickly. The concept explains the rise of mass customisation, its advantages and disadvantages and strategies for implementing mass customisation successfully.

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