Search results
Results from the WOW.Com Content Network
The Ansoff matrix is a strategic planning tool that provides a framework to help executives, senior managers, and marketers devise strategies for future business growth. [1] It is named after Russian American Igor Ansoff , an applied mathematician and business manager, who created the concept.
Ansoff developed the Product-Market Growth Matrix to help firms recognize if there is any advantage to entering a market. The other three growth strategies in the Product-Market Growth Matrix are: Product development (existing markets, new products): McDonald's is always within the fast-food industry but frequently markets new burgers.
The growth–share matrix [2] (also known as the product portfolio matrix, [3] Boston Box, BCG-matrix, Boston matrix, Boston Consulting Group portfolio analysis and portfolio diagram) is a matrix used to help corporations to analyze their business units, that is, their product lines.
The BCG matrix is much simpler and the factors needed to construct it are accessed more easily and quickly. It takes into account a wide range of factors when determining market attractiveness and business strengths, which is replaced by market share and market growth in the BCG matrix.
Diversification is a corporate strategy to enter into or start new products or product lines, new services or new markets, involving substantially different skills, technology and knowledge. Diversification is one of the four main growth strategies defined by Igor Ansoff in the Ansoff Matrix: [1]
Igor Ansoff (1918-2002) - marketing/ management strategist; noted for the product/market growth matrix; David Aaker - highly awarded educator and author in the area of marketing and organisational theory; N.W. Ayer - probably the first advertiser to use mass media (i.e. telegraph) in a promotional campaign and early proponent of media scheduling
Get AOL Mail for FREE! Manage your email like never before with travel, photo & document views. Personalize your inbox with themes & tabs. You've Got Mail!
segments served, market shares, customer base, growth rate, and customer loyalty; promotional mix, promotional budgets, advertising themes, ad agency used, sales force success rate, online promotional strategy; distribution channels used (direct & indirect), exclusivity agreements, alliances, and geographical coverage; pricing, discounts, and ...