Think matrix
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The document summarizes 10 useful matrices for business analysis and decision making. It provides brief explanations of the BCG matrix, McKinsey matrix, Ansoff matrix, risk management matrix, time management matrix, efficiency and effectiveness matrix, strategy and execution matrix, negotiation strategy matrix, pricing strategy matrix, and skill-will matrix. Each matrix presents a framework for assessing different factors such as market growth, business strength, risk probability, time priorities, performance metrics, business strategies, negotiation approaches, pricing levels, and skill versus motivation.
Think matrix
- 1. Think .. Matrix ! Ten useful matrices
- 2. BCG Matrix Question Marks Stars High Low Market Share High Market Share High Market Growth High Market Growth Market Growth Rate Select and Divest Invest Dogs Cash Cows Low Market Share Low High Market Share Low Market Growth Low Market Growth Liquidate Milk Low High Relative Market Share
- 3. Mckinsey Matrix High Low Business Strength Medium Business Strength High Business Strength High Market Attractiveness High Market Attractiveness High Market Attractiveness Build Selectively Invest & Build Leader : Protect Market Attractiveness Medium Low Business Strength Medium Business Strength High Business Strength Medium Mkt. Attractiveness Medium Mkt. Attractiveness Medium Mkt. Attractiveness Harvest Select & Manage Select & Build Low Business Strength Medium Business Strength High Business Strength Low Low Market Attractiveness Low Market Attractiveness Low Market Attractiveness Divest Manage & Earn Protect & Refocus Low Medium High Business Strength / Competitive Strength
- 4. Ansoff Matrix New Markets Existing Products New Products New Markets New Markets Market Development Diversification Markets Existing Markets Existing Products New Products Existing Markets Existing Markets Market Penetration Product Development Existing Products New Products Products or Services
- 5. Risk Management Matrix High Probability Some concern Priority Low Impact High Impact Probability of occurrence High Probability High Probability Checks to Plan Limit risks Contingency Low concern High concern Low probability Low Impact High Impact Low Probability Low Probability Ignore & Adapt & Reduce Deal when occurs Consequences Low Impact High Impact Likely Impact
- 6. Stephen Covey’s Time Management Matrix Quality & Personal Leadership Necessity Not Urgent Urgent Important Important Important Focus on Goals Manage Critical activities Health Crisis True Recreation Deadlines Relationship Building Pressing Problems Preparations & Action Plan Medical emergencies Importance Deception Waste Not Important Not Urgent Urgent Not Important Not Important Avoid Distractions Avoid Interruptions Popular activities Trivia Interruptions, some callers Time wasters Proximate, pressing matters Escape Activities Some mail, reports , meetings Junk , Mindless Web Browsing etc. Not Urgent Urgent Urgency
- 7. Efficiency and Effectiveness Matrix High Efficiency Low Effectiveness High Effectiveness High Efficiency High Efficiency Efficiency (Right Things) Right Things Right Things Wrong Way Right Way Low Efficiency Low Effectiveness High Effectiveness Low Efficiency Low Efficiency Wrong Things Wrong Things Wrong Way Right Way Low Effectiveness High Effectiveness Effectiveness (Right way)
- 8. Fred Nickols Strategy and Execution Matrix Flawed Strategy Sound Strategy Excellent Excellent Execution Excellent Execution Flirting with A pretty Disaster Good chance Execution Flawed Strategy Poor Execution Sound Strategy Poor Execution Poor Doomed from A botched job the beginning Flawed Sound Strategy
- 9. Negotiation Strategy Matrix Defeat Collaborate Low concern for Relationship High concern for Relationship High High concern for Issue High concern for Issue Concern for Issue You Win-They Lose You Win-They Win Be a winner at any cost Creatively Solve the problem Withdraw Accommodate Low concern for Relationship High concern for Relationship Low Low concern for Issue Low concern for Issue You Lose- They Lose You lose-They Win Take whatever you can get Build friendly relationships Low High Concern for Relationship
- 10. Pricing Strategy Matrix Low Price Medium Price High Price High Quality High High Quality High Quality Under Priced Ideal for Penetration Premium Low Price Medium Price High Price Medium Medium Quality Medium Quality Medium Quality Quality Real Bargain Average Over Priced Low Price Medium Price High Price Low Quality Low Quality Low Quality Low Cheap Unhappy Customers Sell and Run Low Medium High Price
- 11. Skill-Will Matrix Low Will High Will High Skill High Skill High Coach Delegate Skill (Know-How) Low Will High Will Low Skill Low Skill Low Supervise Support Low High Will (Know – Why)