The words “resources” and “reserves” are thrown out a lot whenever there are discussions about economic activities or other pertinent information involving the oil and […]
Tag Archives: Business
Examples of Supply Shifters
A supply curve is a graphical representation of the relationship between the price of a product and the quantity of such product that a producer […]
The Advantages and Disadvantages of Porter’s Five Forces
The Five Forces Framework is an analytical model developed and advocated in 1980 by Harvard professor Michael Porter. It can be used for analyzing the […]
Threat of Substitutes: Impact of Substitute Products
The threat of substitutes is one of the five forces identified by Michael E. Porter and used to evaluate the competitive environment of a particular […]
Advantages and Disadvantages of Big Data
Big data is both a concept and a field. Hence, as a concept, it is a term that pertains to datasets that are too large […]
Metaverse Explained: Advantages and Disadvantages
The term “metaverse” first appeared in the 1992 science fiction novel “Snow Crash” authored by Neal Stephenson. It is set on a futuristic backdrop wherein […]
Understanding AI Strategy: A Definitive Guide
An artificial intelligence strategy or AI strategy is a plan that includes a set of goals and objectives, and actions and guidelines that describes how […]
What is Effective Accelerationism: Advantages and Disadvantages
There is a philosophical concept and grassroots movement that is growing among supporters of rapid but functional and beneficial scientific and technological progress. It is […]
Effective Altruism: Advantages and Disadvantages
It was in 2011 when leaders and members of the nonprofit organizations Giving What We Can and 80000 Hours coined and introduced the term “effective […]
OpenAI Leadership Crisis: Sam Altman Firing and Reinstatement
What went down inside OpenAI beginning on 17 November 2023 was nothing short of a real-world corporate and political drama that can rival even the […]