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Roach Motel

A metaphor (derogatory) for a low-priced motel that is completely in a state of disrepair. The proverbial "roach motel" may...

Primary Stakeholder

A group of stakeholders which has the biggest stake in an organization, business or otherwise. Examples of primary stakeholders include...

Efficiency

Doing things “right”, i.e., in accordance with predefined procedures/ policies, etc. In the broader context of business, efficiency is the...

Effectiveness

Doing the “right” things, usually beyond a predefined policy or set of procedures. In the broader context of business, effectiveness...

Niche Market

A subset of a larger market, where it (the niche) is characterized by its customers' unique preferences and needs that...

Niche Marketing

A type of marketing that focuses on directing all marketing efforts towards a well-defined segment of the market (the niche/...

Specialty Market Niche

A distinct form of the ecological niche that forms on the basis of a unique and specialized knowledge of a...

Specialty Skill Strategy

A business strategy (specifically, a distinct form of the ecological niche) that focuses on a product or service to set...

Specialty Market Strategy

A business strategy (specifically, a distinct form of the ecological niche) that focuses on a unique and specialized knowledge of...

Common-Value Asset

An asset (e.g., a commodity/ an item) that has, or should ultimately have, the same value to all bidders (given...