Archive | Change RSS feed for this section

GE-McKinsey Matrix

The GE-McKinsey Matrix is a business framework to perform a business portfolio analysis on the Strategic Business Units of a corporation. It is also commonly referred to as GE Matrix, McKinsey Matrix, GE Multi-factoral Analysis, Business Assessment Array, and GE Business Screen. It was developed jointly by McKinsey and General Electric in the early 1970s as [...]

Continue Reading Comments { 0 }

Stakeholder Value Perspective

Stakeholder Value Perspective is a management concept that regards maximization of the interests of its all stakeholders (customers, employees, shareholders, and the community) as its highest objective. Its objective is to maximize this value by following policies that (1) minimize cost and waste while improving the quality of its products, (2) enhance the skills and [...]

Continue Reading Comments { 0 }

Seven Surprises

The Seven Surprises is a business framework described by Michael Porter, Jay Lorsch, and Nitin Nohria.  It describes surprises or unexpected challenges for new CEOs.  This concept was introduced in an HBR article titled “Seven Surprises for New CEOs.” As a newly appointed CEO, one may think to finally have the power to set strategy. [...]

Continue Reading Comments { 0 }

Strategy Map

A Strategy Map is a diagram that is used to document the primary strategic goals being pursued by an organization or management team. It is an element of the documentation associated with the Balanced Scorecard, and in particular is characteristic of the second generation of Balanced Scorecard designs that first appeared during the mid-1990s. The [...]

Continue Reading Comments { 0 }

Strategic Types

In their 1978 book “Organization Strategy, Structure, and Process,” Raymond Miles and Charles Snow argue that different company strategies arise from the way companies decide to address three fundamental problems: Entrepreneurial problem. How a company should manage its market share. Engineering problem. How a company should implement its solution to the entrepreneurial problem. Administrative problem. [...]

Continue Reading Comments { 0 }

Value Mapping

The Value Mapping method by Andrew Jack is a second generation Performance Management model, trying to avoid some of the weaknesses of existing frameworks. Performance Management As a result of the performance measurement revolution many organizations have numerous measures of performance. However often with significant weaknesses in the way that these measures are identified, integrated, [...]

Continue Reading Comments { 0 }

SWOT Analysis

A SWOT analysis, also called SWOT Matrix (as it is typically portrayed in a 2×2 matrix), is a business framework used in management and strategy formulation.  It is a structured planning method used to evaluate the Strengths, Weaknesses, Opportunities, and Threats involved in a project or in a business venture. A SWOT analysis can be carried [...]

Continue Reading Comments { 0 }

Ten Schools of Thought

The Ten Schools of Thought model from Henry Mintzberg is a business framework that can be used to categorize the field of Strategic Management. The Design School. This school sees strategy formation as a process of conception. Approach: Clear and unique strategies are formulated in a deliberate process. In this process, the internal situation of [...]

Continue Reading Comments { 0 }

Value Chain

A Value Chain is a chain of activities that a firm operating in a specific industry performs in order to deliver a valuable product or service for the market. The concept comes from business management and was first described and popularized by Michael Porter in his 1985 best-seller, Competitive Advantage: Creating and Sustaining Superior Performance.  [...]

Continue Reading Comments { 0 }

Theory of Constraints

The Theory of Constraints (TOC) is a management paradigm that views any manageable system as being limited in achieving more of its goals by a very small number of constraints. There is always at least one constraint, and TOC uses a focusing process to identify the constraint and restructure the rest of the organization around [...]

Continue Reading Comments { 0 }
© 2017, Marketing Mix Hub