![]() ![]() ![]() In today’s market, many new products and technology breakthroughs are being adopted by the market much faster than previously, which then indicates the period of time that a product portfolio will remain as a star or as a possible question mark is decreasing. Therefore, new product portfolios categories will start off as either a star or as a question mark and then in the longer term will progress downwards (to either a cash cow or a dog). Created by the Boston Consulting Group, the BCG matrix (also known as the Boston matrix or growth-share matrix) is a strategic planning tool. While cash cows and dogs exist during times of maturity and decline. However, for the purposes of understanding the BCG matrix, we will concentrate on the typical product life-cycle curve only.Īs you can see, stars and question marks only occur in the introduction and growth stages. ![]() This second diagram highlights the typical product life-cycle pattern – however, there are variations of this pattern for fads (short-term products), style and fashion products as well as products that are essentially reinvented for the consumer and then go from maturity into another period of growth. ![]()
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