Business models for decision making

Question 1

Define the term Porters 5 forces

Answer 1

Used to identify new entrants, competition, sub products and power of buyers/suppliers

Question 1

What is an Ansoff matrix ?

Answer 1

The difference between : product extension and true product development, market expansions, venturing into new markets

Question 2

What are the 5C’s ?

Answer 2

Company - strengths, weaknesses, goals, objectives and resources

Customers - market size, segments, habits/behaviours, customer satisfaction and perceived value

Competitors - current and future, strengths, weaknesses, products and market share

Collaborators - suppliers, distributors, alliances and partners

Climate - business cycle, social, cultural, legal, tech, government insights/regulations

Question 3

What is a Boston matrix ?

Answer 3

Star - high growth/high share
Cash cow - low growth/high share
Problem child - low share/high growth
Dog - low growth/low share