Olivet College of Business will introduce a new course this Fall Semester for operations management. Taught by Dr. Neslihan Aydogan-Duda. The course will be an introduction to the concepts, principles, problems, and practices of operations management.
Students from the Olivet College of Business (OCB) traveled to different cities this summer to fulfill their ministry practice requirements with Olivet University's affiliated business ministries.
Disruptive Innovation is a concept coined by Clayton Christensen, a professor of Business Administration at the Harvard School of Business.
There are many Christians who are engaged in business and seek to have a payoff not only in profits, but in the ability to support the work of the church.
Please note that all information below pertains only to US-based businesses.
An Economy of Scale is a microeconomics term that describes the cost advantages that large companies have over smaller ones. By producing a higher quantity of product, companies are able to spread out their fixed costs over more units, and they can reduce variable costs by purchasing needed inputs in bulk.
At-will employment is a doctrine of American law that describes both an employer's and employee's ability to terminate an employment relationship at any time for any or no reason.
Entrepreneurs understand that there are always business opportunities around them. In fact, there are usually more opportunities than an entrepreneur can handle.
BHAG is an acronym for Big Hairy Audacious Goal, a term proposed by Jim Collins and Jerry Porras in their 1994 book, "Built to Last: Successful Habits of Visionary Companies". Goals are a key part of the corporate structure.
When a company retains an individual to perform a service for the company, it must determine whether the individual will be classified as a W2 employee or a 1099 independent contractor. The type of service being rendered ...
The 80-20 rule, also called the Pareto principle, is named after the Italian economist Vilfredo Pareto. He observed in 1906 that 20% of the population owned 20% of the land.