Business in brief library

Technology Techniques

Standards and Patents

Standards and Patents

This concept explains why companies need to ensure that their technologies, communications products and components comply with specific standards. Research and case studies highlight legal implications relating to competition and antitrust and offers practical advice on building a patent pipeline.

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Statistical Process Control

Statistical Process Control

Statistical Process Control (SPC) uses time-ordered data to distinguish routine variation from signals indicating meaningful process change. Rather than relying on isolated inspection or targets, SPC supports evidence-based decisions by focusing on patterns over time and understanding causes of variation (Oakland and Oakland, 2007; Mohammed, 2024).

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Strategic Alignment

Strategic Alignment

Strategic alignment is a fundamental business concept that determines the competitiveness of an organisation. The concept explains how organisations can better achieve strategic alignment to increase growth and profitability - even in the toughest markets and economic climates.

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Strategic Business Units

Strategic Business Units

A strategic business unit is a separate, specialised subsystem in the company which acts as an independent company. Having SBU assists organisations to plan their strategies and make manufacturing decisions. The concept provides a review of the critical issues on an SBU benefits and success factors.

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Strategic IT Acquisition

Strategic IT Acquisition

The complex processes of buying, introducing, adopting, adapting and localising technologies are broken down and guidance is given on development of IT acquisition strategy and measures needed to evaluate the strategy’s effectiveness.

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Survivorship Bias

Survivorship Bias

Survivorship bias is the focus on survivors instead of a broader context that includes those that did not survive. It appears in many arenas: athletics, business, entertainment. For every success, there are others who did not succeed. To properly judge success we must also view failure. Lacking this broader context, we make less-informed decisions.

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System Dynamics

System Dynamics

The origins of systems dynamics and its focus on explaining 'how things change through time’ is presented alongside case study evidence from various industries and sectors, of how companies have used system dynamics in practice.

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Systems Thinking

Systems Thinking

Systems thinking is a highly influential technique that all leaders should understand. The advantages of systems thinking in a business context are explained and how managers and leaders can develop systems thinking to improve organisational performance.

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Theory of Constraints

Theory of Constraints

Theory of constraints is an essential concept in operations management to remove bottlenecks in the throughput chain. The concept explains best practice implementation and the critical factors for success.

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Time Series Models

Time Series Models

Time series analysis is a useful business forecasting technique. The concept breaks down the technicalities of time series analysis and gives a balanced overview of its strengths and drawbacks - and how to avoid pitfalls when using it.

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