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GE McKinsey Matrix: How to Apply it to your Business
The GE McKinsey Matrix is a strategy tool that offers a systematic approach for the multi-business corporation to prioritize its investments among its business units. In the 1970s, GE requested consultation from McKinsey & Company to manage a huge and complex...
How to Run an Effective Meeting: 6 Essential Steps
We’ve all been in meetings where nothing constructive comes out of them, problems aren’t solved, progress isn’t made, goals aren’t met, and everyone’s time is wasted. There are a variety of reasons why meetings can fall apart, but a great way to abolish those reasons...
21 Business Strategy Frameworks that Every Business Leader Should Know
Business strategy frameworks provide the following benefits: Help you determine which products warrant the biggest investments of resources and time Help you determine the optimal courses of action in the short and long term Help you attract groups of customers that...
Persuasion Shortcuts: Leveraging the “Jobs to be Done” Methodology
Whenever you want to persuade customers to buy your products, you should make sure that you’re covering three types of jobs that are likely important to them at varying degrees: functional, emotional, and social jobs. These are the three persuasion shortcuts that can...
12 Problem Solving Strategies to Overcome your Toughest Challenges
To overcome any challenge of intermediate or advanced difficulty, you'll want to have an adequate number of problem-solving strategies at your disposal. Some of the following problem-solving strategies are well known, while others were derived from the TRIZ...
How the CIA Defines Problems and Plans Solutions: The Phoenix Checklist
The Phoenix Checklist provides context-free questions that enable you to look at a problem from many different angles. Sometimes, problems aren't as easy to understand as they may seem at face value—especially problems that are inherently multi-faceted. These...
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This glossary contains concepts related to Analytics, Statistics, and Operations Research. There are over 350 definitions to choose from on this page.