Boston Matrix Flashcards
What are the 4 elements?
Stars
Cash cows
Dogs
Question marks / problem child
Stars are?
High market growth
High market share
Cash cows are?
Low market growth
High market share
Dogs are?
Low market growth
Low market share
Question marks / problem children are?
High market growth
Low market share
A balanced portfolio of products for a business would contain all except which element?
Dogs
An advantage of the Boston matrix?
Useful for analysing products the business sells
A key reason for having a balanced portfolio is to?
Spread risk
The Boston Matrix helps a business manage its?
Product portfolio
What is a limitation of the Boston Matrix?
High market share does not always mean high profits
What does the Matrix help a business do?
Focus on products with the most potential