time in order to maintain long-run profits and stay in business. Examining the nature of the product life cycle concept acts as a good introduction to product portfolio models. Several product portfolio models‚ perhaps the best known of which are the BCG (Boston Consulting Group) matrix‚ the GE/McKinsey matrix‚ and the Directional Policy matrix have been adopted by marketers to aid them assess the health of a firm’s product 22 PORTFOLIO ANALYSIS mix. This chapter examines the use and limitations
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Organization of the Future—Designed to Win Organizational Capabilities Matter The Boston Consulting Group (BCG) is a global management consulting firm and the world’s leading advisor on business strategy. We partner with clients from the private‚ public‚ and not-forprofit sectors in all regions to identify their highest-value opportunities‚ address their most critical challenges‚ and transform their enterprises. Our customized approach combines deep insight into the dynamics of companies and
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Strategic management Definition of strategic management Strategic management is defines as the set of decision and action resulting in formulation and implementation of strategies designed to achieve the objective of an organization. It involves attention to following nine critical areas: 1. Determining the mission of the company‚ including broad statement about its purpose‚ philosophy and goals. 2. Developing a company profile that reflects internal condition of both capabilities. 3. Assessment
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The Musical Canon The musical canon put simply‚ is a form of disciplining music. As Augustine once suggested “Music is the art of measuring well”. “The canon is a list of composers or works that are assigned value and greatness by consensus” 1 However‚ the canon will always call into question the nature of its exclusions and which composers make it in and which composers do not. “The Canon‚ promotes proper decorum‚ and ensures proper conduct”2 Authors such as Adorno and Horkheimer‚ members of
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(Smith‚ Ansoff) or brand expansion (Borden‚ Ansoff‚ Kerin and Peterson‚ 1978)" (48). Market maturity strategies "In maturity‚ sales growth slows‚ stabilizes and starts to decline. In early maturity‚ it is common to employ a maintenance strategy (BCG)‚ where the firm maintains or holds a stable marketing mix" (48). Market decline strategies At some point the decline in sales approaches and then
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all decisions of Canon consider CUSTOMERS FIRST and they share the common value of superior quality of products. Canon attaches special importance to the quality of products and customer’s convenience. This care is shown in the COMMITMENT of the company: "We are fully committed to earning the trust of customers by providing well-developed services and support along with well-designed products that are easy to use and reliable." (Canon report 2008). According to the scenario‚ Canon provides products
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TVS Group Batch-B Group 9 This report contains a brief description of TVS Group and its subsidiaries. About mission‚ vision statements of the company. This report also includes BCG matrix of various TVS industries‚ Porter’s five force analysis on TVS motors‚ Ansoff matrix and SWOT analysis of various TVS motors brands. AMRITA GOPIKRISHNAN ANOOP KUMAR S BALRAM RAIKAR KARTHIK G VIGNESHKUMAR B [TVS GROUP] November 2‚ 2012 INTRODUCTION The TVS Group was established in 1911 by T
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SWOT Analysis 2 Strengths 3 Weaknesses 3 Opportunities 3 Threats 3 2.4 The BCG Matrix Analysis 3 3. FUTURE MARKETING STRATEGIES 4 3.1 Product Range Strategy 5 3.2 Pricing Strategy 6 3.3 Promotional Strategy 7 3.4 Selling and Distribution Strategy (Place) 7 4. CONCLUSION AND ADVICE 7 BIBLIOGRAPHY 8 REFERENCES 10 TABLE OF FIGURES Figure 1: Andersen ’s BCG Matrix 4 Figure 2: Facets of marketing strategy (source: Chisnall 1995) 4 Figure 3: The Ansoff
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business” (kotler & Armstrong‚ 2007). Based on the SBU’s the company uses a portfolio planning method to establish the positioning and attractiveness of their products. The best known portfolio planning method used is the Boston Consulting group (BCG) approach. The BCG approach is a growth share matrix used to categorize the company’s SBU’s into four categories based on their growth rate and market share to help the firm in understanding which brands the firm should invest‚ divest ‚ hold or harvest. The
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The BCG matrix method is based on the product life cycle theory that can be used to determine what priorities should be given in the product portfolio of a business unit. To ensure long-term value creation‚ a company should have a portfolio of products that contains both high-growth products in need of cash inputs and low-growth products that generate a lot of cash. It has 2 dimensions: market share and market growth. The basic idea behind it is that the bigger the market share a product has or the
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