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Top 7 Business Strategy Models

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Business plan word cloud written on a chalkboard

Some Models I use for Business Strategy- to analyze the huge reams of qualitative and uncertain data that business generates. I have added a bonus the Business canvas Model (number 2),

  1. Porters 5 forces Model-To analyze industries
  2. Business Canvas
  3. BCG Matrix- To analyze Product Portfolios
  4. Porters Diamond Model- To analyze locations
  5. McKinsey 7 S Model-To analyze teams
  6. Gernier Theory- To analyze growth of organization
  7. Herzberg Hygiene Theory- To analyze soft aspects of individuals
  8. Marketing Mix Model- To analyze marketing mix.
  1. A Model to Analyze Industries

It draws upon industrial organization (IO) economics to derive five forces that determine the competitive intensity and therefore attractiveness of a market. Attractiveness in this context refers to the overall industry profitability. An “unattractive” industry is one in which the combination of these five forces acts to drive down overall profitability. A very unattractive industry would be one approaching “pure competition”, in which available profits for all firms are driven to normal profit.

2.Business Canvas

http://en.wikipedia.org/wiki/Business_Model_Canvas

The Business Model Canvas is a strategic management template for developing new or documenting existing business models. It is a visual chart with elements describing a firm’s value proposition, infrastructure, customers, and finances.It assists firms in aligning their activities by illustrating potential trade-offs.

The Business Model Canvas was initially proposed by Alexander Osterwalder

  1. BCG Matrix is best used to analyze your own or target organization’s product portfolio- applicable for companies with multiple products.

http://en.wikipedia.org/wiki/Growth-share_matrix

To  help corporations with analyzing their business units or product lines. This helps the company allocate resources.

  1. To Analyze Countries for both customers ot vendors you can use the modified Diamond Model again by M Porter

http://en.wikipedia.org/wiki/Diamond_model

an economical model developed by Michael Porter in his book The Competitive Advantage of Nations,  where he published his theory of why particular industries become competitive in particular locations.

  1.  To check which teams work and which teams done (within an organization) use

http://en.wikipedia.org/wiki/McKinsey_7S_Framework

a strategic vision for groups, to include businesses,business units, and teams. The 7S are structure, strategy, systems, skills, style, staff and shared values.

The model is most often used as a tool to assess and monitor changes in the internal situation of an organization.

Related-Also by Tom Peters

http://en.wikipedia.org/wiki/Management_By_Walking_Around

The expected benefit is that a manager, by random sampling of events or employee discussions, is more likely to facilitate the productivity and total quality management of the organization, as compared to remaining in a specific office area and waiting for employees, or the delivery of status reports, to arrive there, as events warrant in the workplace

  1. Stages in Organizational Growth

http://accel-team.com/techniques/orgGrowth.html

developed by Larry E. Greiner is helpful when examining the problems associated with growth on organizations and the impact of change on employees. It can be argued that growing organizations move through five relatively calm periods of evolution, each of which ends with a period of crisis and revolution.

  • Each evolutionary period is characterized by the dominant management style used to achieve growth, while
  • Each revolutionary period is characterized by the dominant management problem that must be solved before growth will continue.
  1. Stages in Individuals- Motivation

What motivates people to contribute (or fail to contribute) to teams, products, organizations, nations.

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