Explain the purpose of the boston consulting group approach to business planning

Geetha Alagirisamy SYNOPSIS This paper discusses via critical analysis the ideas of Henry Mintzberg, the Canadian theorist and Cleghorn Professor of McGill University, on the topic of strategic management, alongside an in-depth evaluation of his writings and contributions to the study and use of strategy in the domain of business and management.

Explain the purpose of the boston consulting group approach to business planning

This update expands on the analysis of "e-friction" by looking at its major causes and by defining clusters of countries that face similar challenges and can work together towards similar solutions. Which Wheels to Grease?

Reducing e-Friction in the Internet Economy updates BCG's study of e-friction in 65 economies that encompass more than 80 percent of the world's population and more than 90 percent of the world's economic activity. That report introduced the BCG e-Friction Index, which identified 55 individual e-friction indicators in four categories: Low e-friction correlates closely with high Internet penetration and strong digital economies.

Top-ranking e-friction countries have Internet penetration rates of more than 80 percent, while many low-ranking nations have penetration rates of 50 percent or less.

The five major causes of e-friction identified in the update are wealth, population density, the urban-rural population mix, literacy, and English-language skills. Wealth is an important factor, but it does not explain e-friction on its own. The common causes of friction suggest high-potential solutions.

Some of the causes of e-friction can be influenced by policy initiatives; others require more creative approaches.

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Those looking to reduce e-friction should start by prioritizing the relative significance of each cause, then developing a strategy for each.

Those in the same cluster face common challenges and are likely in some, but by no means all, instances to pursue similar solutions. Developing rural nations face multiple issues of basic infrastructure. A number of emerging markets are experimenting with several funding and operating models.

The optimal technology depends on local conditions, with a combination of mobile and fixed wireless generally the most cost effective for rural areas and satellite typically the best bet for truly remote areas. Middle-income nations may benefit substantially from efforts to demonstrate to their populations the value of the Internet and bring more people online.

There are good models to follow in four key areas: Even countries with relatively low e-friction face thorny digital issues, such privacy and data security, which clumsily handled or left unresolved can throw sand in the gears.

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Some have more sources of friction to address, such as those related to outdated regulation, excessive bureaucracy, and impediments to investment; they need to focus their interventions with care. The digital economy is one place almost any nation can look to for increasing business revenues and jobs.

We partner with clients from the private, public, and not-for-profit sectors in all regions to identify their highest-value opportunities, address their most critical challenges, and transform their enterprises.

Our customized approach combines deep insight into the dynamics of companies and markets with close collaboration at all levels of the client organization. This ensures that our clients achieve sustainable competitive advantage, build more capable organizations, and secure lasting results.

Founded inBCG is a private company with 81 offices in 45 countries. For more information, please visit bcg. It covers issues at the top of senior management's agenda.

It also provides unprecedented access to BCG's extensive archive of thought leadership stretching back 50 years to the days of Bruce Henderson, the firm's founder and one of the architects of modern management consulting.

explain the purpose of the boston consulting group approach to business planning

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In the Boston Consulting Group approach, _____ serves as a measure of company strength in the market. The major activity in strategic planning is strategic business unit planning, whereby management evaluates the products and businesses making up the company.

Definition. false: Term. The purpose of strategic planning is to find ways . The Boston Consulting Group (BCG) is a global management consulting firm with over 80 offices around the world. Our consultants advise leading organizations in value creation strategies, innovation, transformation, supply chain management and more.

Business models are based on providing products or services that are profitable now, but they also attempt to identify changes in offerings that will keep the company profitable in the future. Jan 24,  · infrastructure vision and long-term planning.

Government leaders must inspect their. project portfolios critically and decide which ones to accelerate first based on their The Boston Consulting Group (Adviser and Knowledge Partner) Philipp Gerbert. Infrastructure. The growth–share matrix (aka the product portfolio matrix, Boston Box, BCG-matrix, Boston matrix, Boston Consulting Group analysis, portfolio diagram) is a chart that was created by Bruce D.

Henderson for the Boston Consulting Group in to help corporations to analyze their business units, that is, their product lines.

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