5 frameworks from consulting companies that help in Product:
1/ Ansoff Matrix
1/ Ansoff Matrix
Ansoff Matrix allows you to think on the lines of products and markets , leading to 4 possible outcomes:
Selling new products to existing market
Selling existing products to new markets
Selling new products to new markets
Selling new products to new markets
Selling new products to existing market
Selling existing products to new markets
Selling new products to new markets
Selling new products to new markets
2/ McKinsey 9 box matrix
helps you know which business units you should invest into/ maintain or divest:
helps you know which business units you should invest into/ maintain or divest:
3/ Profit - Root Cause Analysis
Gives you all possible scenarios to dissect profit and finally arrive at conclusion what levers on revenue side and cost side can be improved
Gives you all possible scenarios to dissect profit and finally arrive at conclusion what levers on revenue side and cost side can be improved
4/ Action Prioritization Matrix
Similar to effort vs impact framework, it allows you to figure out how to categorize your ideas and pursue them in what sequence.
Similar to effort vs impact framework, it allows you to figure out how to categorize your ideas and pursue them in what sequence.
5/ DARCI
For more complex projects or initiatives, it helps to allocate roles early. I have also used the framework as a starting point for documents
For more complex projects or initiatives, it helps to allocate roles early. I have also used the framework as a starting point for documents
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