The BCG matrix enables a company’s management team to derive insights and develop a plan to improve their current product offerings, focusing on new information about new opportunities to pursue in their current (or adjacent) markets. The BCG growth-share matrix is a framework for companies to reference when refining and prioritizing their different businesses (and strategies). The growth share matrix created by the Boston Consulting Group (BCG) is a tool for identifying new growth opportunities and making informed capital allocation decisions to achieve long-term, sustainable growth. The BCG Growth Share Matrix is a framework designed for companies to better understand a market’s current and future competitive landscape, which helps determine their long-term strategic plans.īCG Growth Share Matrix: Strategic Management Model
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