Presentation on theme: "This lesson we will be learning about The Boston Matrix What do you think this might be about?"— Presentation transcript:
This lesson we will be learning about The Boston Matrix What do you think this might be about?
NO IDEA I NEED HELP NEVER HEARD OF IT OK I CAN DO THIS WITH SUPPORT SOME GUIDANCE NEEDED NEARLY AT MY TARGET GOT IT! VERY CONFIDENT WILL HIT MY TARGET GRADE EXCEED TARGET Success Criteria < C Define key terms, and 4 sections and describe (stars, cows, dogs, children) C > Application to a scenario, assessing how this has been used and describing the advantages and disadvantages. B > Analysis - making recommendations and offering solutions. A >QOWC and SPAG LEARNING OBJECTIVES Explore the Boston Matrix and the 4 elements within
What is Market Research? Write a 3 mark definition ( 3 minutes) QUICK RECAP
What is Market Research? It is the process of finding out information to support a business in terms of planning and development. E.g. Customer needs
That portion of the market purchasing a particular brand, supplier or company. Calculated as a %. For example: “Microsoft had an 80% market share in word processing programs.” "Toyota had a 25% share of the passenger vehicle market in Japan in 2001." Market Share
Market Share Examples Operating System Market Share of November 2007 Source: http://www.allen-qu.blogspot.com/2007/12/operating-system-market-share- of.html
Don’t put all your eggs in one basket? What might this mean? Can you relate this statement to the Boston Matrix
Don’t put all your eggs in one basket? Firms with just a few items in their product portfolio – or who have all their products at the same stage in the product life cycle – are in the dangerous position of having ‘all their eggs in one basket’. Such firms may prioritise broadening their product range.
Marketing Mix – I need to know... PRODUCT Product Portfolio Analysis (Boston Matrix) Product Life Cycle Extension Strategies PRICE PLACE –PROMOTION