Understand Business Model Canvas in 5 Minutes

The Business Model Canvas is a strategic planning tool that helps organizations create and evaluate their business model. The canvas was developed by Alexander Osterwalder in 2008 and is based on the concept of a one-page visual representation of a company's key components and how they fit ... read more

How do you use the SWOT Matrix?

The SWOT matrix is a strategic planning tool that helps organizations identify and analyze their internal and external factors. The acronym SWOT stands for Strengths, Weaknesses, Opportunities, and Threats. The SWOT matrix is a four-quadrant table that represents these factors and helps ... read more

Analyze your products and services with the Boston Consulting Grid

The BCG Matrix, also known as the Boston Consulting Group Matrix, is a strategic planning tool that helps organizations analyze their product portfolio and make decisions about resource allocation. The matrix was developed by the Boston Consulting Group in the 1970s and is based on the concept of ... read more

Ansoff's Matrix is a classic that is still relevant today

The Ansoff Matrix is a strategic planning tool that helps organizations determine their product and market growth strategies. The matrix was developed by Igor Ansoff, a Russian-American mathematician and business theorist, in 1957. It is based on the concept of product and market diversification, ... read more

Customer Loyalty is vital, use this matrix to decide on your approach,

The Managing Customer Loyalty Matrix is a tool used by businesses to understand and manage customer loyalty (Reinartz and Kumar, 2002). It is based on the principle that different customers have different levels of loyalty, and therefore require different strategies to keep them engaged and ... read more

Get a grip of your competitive environment with Porter's Five Forces Model

Porter's Five Forces Model is a framework that analyzes the competitive environment in which a business operates. Developed by Michael Porter, it helps businesses understand the dynamics of competition within their industry and identify areas of strength and weakness. The model consists of five ... read more

Time for some magic. Use the Gartner Magic Quadrant to understand technology providers

The Gartner Magic Quadrant is a research methodology and visualization tool used to evaluate technology vendors in a particular market. It was developed by the Gartner Research and Advisory firm and is widely used by businesses and investors to assess the strengths and weaknesses of different ... read more

What's your generic strategy,? Read on to find out

Porter's Generic Strategies Matrix is a framework that outlines different strategic options that businesses can use to gain a competitive advantage in their industry. Developed by Michael Porter, the matrix consists of four generic strategies:

Cost Leadership: This strategy involves ... read more

What are the strategic consequences of knowledge blindspots?

The Johari Window is a tool used to improve communication and interpersonal relationships by increasing self-awareness and mutual understanding. Developed by psychologists Joseph Luft and Harrington Ingham in the 1950s, the model consists of a four-quadrant grid, representing four different ... read more

The PEST framework is till the best way to understand your macro-environment

The PEST Matrix is a strategic tool used to analyze the external macro-environmental factors that may affect an organization. PEST is an acronym for Political, Economic, Social, and Technological factors. The PEST Matrix is used to identify opportunities and threats in the external environment ... read more

Business is a game you want to win. Understanding the Prisoner's Dilemma matrix will help

Flood and Drescher's Prisoner's Dilemma matrix is a tool used to illustrate the potential outcomes of the Prisoner's Dilemma game. The matrix consists of two players, Player A and Player B, and two possible actions: to cooperate or to defect.

The matrix has four possible outcomes, which are ... read more

Let's understand knowledge in organisations with Nonaka and Takeuchi's SECI framework

The SECI model is a knowledge management framework developed by Japanese scholars Ikujiro Nonaka and Hirotaka Takeuchi in their book 'The Knowledge-Creating Company.' It outlines a cyclical process of knowledge creation and conversion within an organization.

The SECI model consists of four ... read more

Pros and Cons analysis might be simple, but its effective

Pros and Cons is a decision-making technique used to weigh the advantages and disadvantages of a particular course of action or decision. It involves creating a list of the positive and negative aspects of a decision, and then evaluating these factors to determine the best course of ... read more