BCG Growth Share Matrix for Strategic Management

Boston Consulting Group developed this BCG Growth Share Matrix which helps you to determine what priorities should be given in your product portfolio of a product. BCG growth share matrix is a strategic management analytical tool. This provides guidance for all resource allocation among the company ‘s business units. BCG matrix has essentially two dimensions –…

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5 tips to be an active listener

Listening is one of the most important skills you can have. How well you listen has a major impact on your job effectiveness, and on the quality of your relationships with others. Why is it important to become a good listener?  We listen to obtain information.  We listen to understand.  We listen for enjoyment.  We…

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Zen Stories II

Holy Man   Word spread across the countryside about the wise Holy Man who lived in a small house atop the mountain. A man from the village decided to make the long and difficult journey to visit him. When he arrived at the house, he saw an old servant inside who greeting him at the…

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Price Deflator / GDP Deflator

What is a price deflator ?A deflator is used to convert data compiled over a period into prices prevailing at an earlier point in time.for example,the current price of a television can be deflated to what it would cost say three years ago.Essentially,a deflator removes the effect of inflation from data,making it comparable across periods.What…

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