Strategic frameworks can 10x your business.
It's almost like thinking on steroids!
Top 6 strategic frameworks every entrepreneur needs to know to be successful: 🧵
#productmanagement #prodmgmt
It's almost like thinking on steroids!
Top 6 strategic frameworks every entrepreneur needs to know to be successful: 🧵
#productmanagement #prodmgmt
1. SWOT Analysis
SWOT (Strengths, Weaknesses, Opportunities, and Threats) analysis is a framework used to evaluate a company's competitive position.
That's an essential tool for thinking about the business.
Learn in 6:27:
SWOT (Strengths, Weaknesses, Opportunities, and Threats) analysis is a framework used to evaluate a company's competitive position.
That's an essential tool for thinking about the business.
Learn in 6:27:
2. PESTEL Analysis
PESTEL analysis is commonly used to evaluate the business environment in which a company operates.
The acronym stands for Political, Economic, Social, Technological, Environmental, and Legal factors.
Learn in 9:49:
PESTEL analysis is commonly used to evaluate the business environment in which a company operates.
The acronym stands for Political, Economic, Social, Technological, Environmental, and Legal factors.
Learn in 9:49:
3. Porter’s Five Forces
Porter's Five Forces is a model that identifies and analyzes five competitive forces:
- Rivalry among existing competitors
- Threat of new entrants
- Threat of substitutes
- Power of buyers
- Power of suppliers
Learn in 8:13:
Porter's Five Forces is a model that identifies and analyzes five competitive forces:
- Rivalry among existing competitors
- Threat of new entrants
- Threat of substitutes
- Power of buyers
- Power of suppliers
Learn in 8:13:
4. Value Chain Analysis
An analytical framework that assists in identifying business activities that can create value and competitive advantage.
A unique Value Chain is one of the 5 elements of strategy, as defined by Porter.
Learn in 13:15:
An analytical framework that assists in identifying business activities that can create value and competitive advantage.
A unique Value Chain is one of the 5 elements of strategy, as defined by Porter.
Learn in 13:15:
5. Ansoff Matrix
The Ansoff Matrix often called the Product/Market Expansion Grid, is a 2x2 framework used to help plan and evaluate growth initiatives.
Learn in 13:50:
The Ansoff Matrix often called the Product/Market Expansion Grid, is a 2x2 framework used to help plan and evaluate growth initiatives.
Learn in 13:50:
6. McKinsey 7S Framework
It illustrates how seven elements of businesses can be aligned to increase effectiveness.
It works well with Porter's Fit test.
Learn in 10:41: lnkd.in/d_vyg3JW
It illustrates how seven elements of businesses can be aligned to increase effectiveness.
It works well with Porter's Fit test.
Learn in 10:41: lnkd.in/d_vyg3JW
You can watch those videos in one hour (1:02:15).
Each framework will help you ask better questions and look at problems from different perspectives.
Each framework will help you ask better questions and look at problems from different perspectives.
That's a wrap!
You can learn more about recommended books, videos, podcasts, free PM courses, frameworks, and more from my free article: open.substack.com/pub/huryn/p/th…
You can learn more about recommended books, videos, podcasts, free PM courses, frameworks, and more from my free article: open.substack.com/pub/huryn/p/th…
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