Business strategy is a plan of action that a company takes to achieve its goals and objectives. It is a crucial component of a company’s success and is needed before any goods or services are produced or delivered. According to Continue reading Business Strategy Infographic
Buyer utility map is a tool that help visualize the journey of the buyer against different criteria. It consists of two dimensions; the buyer experience cycle and the utility levers. You can easily see areas where the industry is focusing Continue reading Buyer Utility Map
What is PESTLE Analysis? It s the same as PEST analysis but adding Legal and Environtmental factors. PESTLE analysis is explained in the below diagram.
Maloney’s diffusion of innovation shows the innovation lifecycle. There are four main components that help spread innovation and include the innovation itself, communication methods time, and a social system.
A gap analysis framework is an assessment of your current performance vs. where you want to be as a business in the future. This is one of the top mba frameworks and is a useful tool to improve company’s performance.
The analysis of the gap between the current state and the future state is shown on the below diagram. Companies can come up with a plan of action based on the analysis to close identified gaps.
The Ansoff matrix helps businesses map strategic product market growth strategies. Ansoff matrix diagram shows overall four strategies based on new products, existing products, new markets, and existing markets.
Gap analysis approach is a method of getting from where the business is today vs. where it wants to be in the future. Analyze the current state first, develop a future state and then understand the gap and provide recommendations Continue reading Gap Analysis Approach
Innovation Types Matrix is a diagram showing four different types of innovation. This provides a framework for helping determine what type of innovation to pursue.
A competitor analysis table summarizes the main similarities and differences between your business and that of your competitors. You can compete more effectively after you have a good understanding of how your competitors operate and what their strengths and weaknesses Continue reading Competitive Analysis Table
The BCG Matrix shows that business success depends on how cash is allocated over those same products. More precisely high market shares products will also bring high margins and cash and vice versa. Cash cow, dog, star and the question Continue reading BCG Advantage Matrix with Success Path
The diffusion of innovations curve (technology adoption curve or innovation bell curve) show the natural progression of a product through its lifecycle. The curve looks like a typical bell curve and help one understand how innovation travels from early adapters Continue reading Innovation Bell Curve
Gap analysis framework helps compare the actual level of performance versus the desired level of performance. The below diagram shows various business strategies that can be applied to close the gap resulting from the conducted analysis.
There are three tiers of noncustomers that can be transformed into customers. They differ in their relative distance from your market and competitive position. So how do you capture those tiers and transform the non customers to your clients? The Continue reading Tiers of Non Customers
The below diagram is an innovation canvas that shows client satisfaction vs. importance. Strategy Canvases provide a simple way of showing how competitors acquire customers, and/or how your customers select the product or service in your category.
The BCG Matrix is a business framework that explains the lifecycle of products. There are four types of scenarios, Stars, Cash Cows, Dogs and Question Marks. Depending on where you are in the BCG diagram, you should follow a different Continue reading BCG Matrix Analysis
The below gap analysis graph demonstrates the difference between current and desired state of your business. It is best if it can be quantified, measured and plotted on a gap analysis graph similar to the one below.
The BCG Matrix explains how a company should manage its portfolio according to their growth and relative market share. BCG matrix diagram below is a great tool to help companies decide on their business strategy.
Top Home-Based Business Ideas are included in the below diagram. Have extra time, why not check out the below list of home business ideas.
Business Model Canvas outlines nine segments which form the building blocks for the business model. The following diagram shows the various components of the business model canvas and explains what they are.
