Hi, how those these models linked to performance management?
Thanks
Ask the Tutor ACCA APM
BCG and Ansoff Matrix
BCG: problem child would have its performance improved by growing market share to become a star, so money needs to be spent on that Star has to be defended to keep its position. Cash cow is when there would be focus on profit maximisation and improving efficiency.
Ansoff: all the ways in which profits might be increased: penetration etc, new markets, new products and perhaps diversification.
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