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Top business frameworks #148

Open emecas opened 8 months ago

emecas commented 8 months ago
  1. SWOT Analysis Used to identify & analyze the Strengths, Weaknesses, Opportunities, and Threats of an organization How to Use the SWOT Analysis? Strengths: Evaluate what sets your organization apart, like skills & resources Weaknesses: Be aware of them and mitigate them Opportunities: ldentify market or industry chances to leverage trends Threats: Recognize external challenges that could affect your organization

  2. 4P's Marketing Mix Helps businesses strategize their offerings in terms of what a product represents, how it is priced, where it is made available, & how it is promoted in the market. Product: Define what it solves & its unique features, design, quality, & branding Price: Decide on pricing strategies considering costs, competitor pricing, & perceived value Place: Choose distribution channels and manage inventory and logistics Promotion: Craft diverse promotion across ads, PR, and social media

  3. BCG Matrix Helps organizations categorize and prioritize different business units or product lines by evaluating their market growth rate and relative market share. Plotting the Matrix: Identify products/business units, place them on the matrix accordingly Analyze Quadrants: Stars, Cash cows, Question marks,Dogs Develop Strategies: Allocate resources among units, decide where to invest, maintain, or divest

  4. PESTLE Analysis Used to identify & analyze external macro-environmental factors that might impact an organization. Political: Access Factors and regulations impacting your organization Economic: Evaluate economic growth, interest rates, and inflation's effects Social: Understand societal influences on product demand and operations Technological: Identify tech advancements affecting your industry Legal: Recognize regulatory requirements like employment laws Environmental: Consider environmental factors impacting your business

  5. Ansoff Matrix Used to analyze & plan potential growth strategies based on market and product choices. How to Use the Ansoff Matrix? Market Penetration: Boost sales in existing markets with tactics. Product Development: Create new products for current markets via R&D. Market Development: Introduce existing products to new markets. Diversification: Launch new products in entirely new markets.

  6. VRIO Framework Used to evaluate an organization's resources and capabilities to determine their potential for sustainable competitive advantage. How to Use the VRIO Framework? Value: Check if a resource helps seize opportunities or tackle threats. Rarity: See if the resource is rare compared to competitors. Imitability: Assess how hard it is for others to copy the resource Organization: Evaluate if the company is set up to use the resource effectively.

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