Category Archives for Strategy

Core Competencies Model

The Core Competencies Model was introduced by two business management theorists called Hamel and Prahalad. They introduced the model in a 1990 paper called, The Core Competence of the Corporation. The Core Competencies Model is a strategic tool. Many people believe that strategy is about competing to be the best. It isn’t. It’s about competing […]

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Porter Diamond Model

Michael Porter’s Diamond Model was first published in his 1990 book, The Competitive Advantage of Nations. The model is a strategic economic one. It attempts to explain why one nation is more competitive than another in a particular industry. The model is often used by businesses to analyze the external competitive environment. This information can […]

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GE McKinsey Matrix

The GE McKinsey Matrix, also know as the McKinsey Nine Box Matrix is a strategic tool used for business portfolio planning. A business portfolio is a group of businesses that collectively make up a company. These individual businesses are often referred to as strategic business units (SBUs). As an example of a business portfolio, consider […]

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What is Strategy?

If you’re working in a professional environment you may hear the word strategy a lot. But, what is strategy exactly? Before we dig into what strategy is, let’s take a look at what strategy isn’t. You may have come across the following strategies before: Our strategy is to sell directly to consumers. Our strategy is […]

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