The McKinsey 7S Framework is a management model developed by business consultants Robert Waterman Jr. and Tom Peters in the 1980s. The 7 S’s are Structure, Strategy, Structures, Skills, Style, Staff and Shared values. Most commonly, the model is used as an organizational analysis tool to analyze and track changes […]
Tools
GE-McKinsey or nine-box matrix offers a systematic approach for the decentralized corporation to decide where to better invest its cash. Instead of depending on the predictions of its potential expectations from each business segment, the organization should evaluate a unit by two criteria that will decide whether it can perform […]
The BCG matrix (also known as Boston Box) is a framework to assist in decision-making on existing product lines. Developed in the 1970s, it was used to evaluate how a company should think about its portfolio on the basis of two criteria: a product’s relative market share and the market […]
There are different ways to grow a business. Igor Ansoff defined four strategies for growth and summarized them in the so called Ansoff Matrix. The Ansoff Matrix (also known as the Product/Market Expansion Grid) helps managers to easily summarize and compare these possible growth strategies with each other’s risks. The […]
VRIO framework (formerly known as VRIN) is a business analysis tool that helps determining the internal sources of sustainable competitive advantage and is also part of the Resource-Based View (RBV). According to this model, resources and skills should have four attributes that contribute to sustainable competitive advantage. Resources should be […]
Porter’s Five Forces analysis is a framework that helps to analyze the level of competition within a certain sector. It is particularly helpful when starting a new business or when entering a new sector of the industry. According to this model, Competitiveness not only arises from rivals, Instead, the state […]
Actually, originated as PEST Analysis, this framework is used in the early stages of strategy development to describe the landscape and ecosystem in which a company operates (PESTEL stands for Political, Economic, Social, Technological, Environmental and Legal). Note: STEEPLE (Social, Technological, Economic, Environmental, Legal, Ethical) and DESTEP (Demographic, Economic, Social, […]
Introduction Components of a SWOT Analysis Why perform a SWOT Analysis When to perform SWOT Analysis How to perform SWOT Analysis From SWOT Analysis to TOWS Analysis Introduction SWOT stands for Strengths, Weaknesses, Opportunities, and Threats, and so a SWOT Analysis is a technique for assessing these four aspects of […]