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Think Matrix

The most commonly used Matrices in Business Strategy

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Think Matrix

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  1. Think .. Matrix !Ten useful matrices

  2. BCG Matrix Question Marks Low Market Share High Market Growth Select and Divest Stars High Market Share High Market Growth Invest High Dogs Low Market Share Low Market Growth Liquidate Cash Cows High Market Share Low Market Growth Milk Market Growth Rate Low Low High Relative Market Share

  3. Mckinsey Matrix Low Business Strength High Market Attractiveness Build Selectively • Medium Business Strength • High Market Attractiveness • Invest & Build • High Business Strength • High Market Attractiveness • Leader : Protect High • Low Business Strength • Medium Mkt. Attractiveness • Harvest • Medium Business Strength • Medium Mkt. Attractiveness • Select & Manage • High Business Strength • Medium Mkt. Attractiveness • Select & Build Medium Market Attractiveness • Low Business Strength • Low Market Attractiveness • Divest • Medium Business Strength • Low Market Attractiveness • Manage & Earn • High Business Strength • Low Market Attractiveness • Protect & Refocus Low Low Medium High Business Strength / Competitive Strength

  4. Ansoff Matrix • Existing Products • New Markets • Market Development • New Products • New Markets • Diversification New Markets Existing Products Existing Markets Market Penetration • New Products • Existing Markets • Product Development Markets Existing Markets Existing Products New Products Products or Services

  5. Risk Management Matrix • Some concern • Low Impact • High Probability • Checks to • Limit risks • Priority • High Impact • High Probability • Plan • Contingency High Probability Low concern Low Impact Low Probability Ignore & Deal when occurs • High concern • High Impact • Low Probability • Adapt & Reduce Consequences Probability of occurrence Low probability Low Impact High Impact Likely Impact

  6. Stephen Covey’s Time Management Matrix • Quality & Personal Leadership • Not Urgent • Important • Focus on Goals • Health • True Recreation • Relationship Building • Preparations & Action Plan • Necessity • Urgent • Important • Manage Critical activities • Crisis • Deadlines • Pressing Problems • Medical emergencies Important Deception Not Urgent Not Important Avoid Distractions Popular activities Interruptions, some callers Proximate, pressing matters Some mail, reports , meetings • Waste • Urgent • Not Important • Avoid Interruptions • Trivia • Time wasters • Escape Activities • Junk , Mindless Web Browsing etc. Importance Not Important Not Urgent Urgent Urgency

  7. Efficiency and Effectiveness Matrix Low Effectiveness High Efficiency Right Things Wrong Way High Effectiveness High Efficiency Right Things Right Way High Efficiency Low Effectiveness Low Efficiency Wrong Things Wrong Way High Effectiveness Low Efficiency Wrong Things Right Way Efficiency (Right Things) Low Efficiency Low Effectiveness High Effectiveness Effectiveness (Right way)

  8. Fred NickolsStrategy and Execution Matrix Flawed Strategy Excellent Execution Flirting with Disaster Sound Strategy Excellent Execution A pretty Good chance Excellent Flawed Strategy Poor Execution Doomed from the beginning Sound Strategy Poor Execution A botched job Execution Poor Flawed Sound Strategy

  9. NegotiationStrategy Matrix Defeat Low concern for Relationship High concern for Issue You Win-They Lose Be a winner at any cost Collaborate High concern for Relationship High concern for Issue You Win-They Win Creatively Solve the problem High Withdraw Low concern for Relationship Low concern for Issue You Lose- They Lose Take whatever you can get Accommodate High concern for Relationship Low concern for Issue You lose-They Win Build friendly relationships Concern for Issue Low Low High Concern for Relationship

  10. PricingStrategy Matrix Low Price High Quality Under Priced • Medium Price • High Quality • Ideal for Penetration • High Price • High Quality • Premium High • Low Price • Medium Quality • Real Bargain • Medium Price • Medium Quality • Average • High Price • Medium Quality • Over Priced Medium Quality • Low Price • Low Quality • Cheap • Medium Price • Low Quality • Unhappy Customers • High Price • Low Quality • Sell and Run Low Low Medium High Price

  11. Skill-WillMatrix Low Will High Skill Coach High Will High Skill Delegate High Low Will Low Skill Supervise High Will Low Skill Support Skill (Know-How) Low Low High Will (Know – Why)

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