Business strategy
Pareto Principle
Focusing on the most profitable products, services, or customers to maximize returns.
Similar Situations
Wardley Map
Forecasting: Anticipating market trends and adjusting the business strategy accordingly.
SWOT Analysis
Social Media Strategy: Individuals and businesses can use SWOT to analyze their social media presence, considering strengths (engaging content), weaknesses (limited resources for consistent posting), opportunities for growth, and threats like negative online feedback.
Wardley's Pioneers, Settlers & Town Planners
Corporate Strategy: Aligning pioneers with strategic vision, settlers with tactical execution, and town planners with long-term organizational stability supports robust corporate strategy.
Optimism Bias
Business ventures: Knowing optimism bias can help you create more realistic business plans and strategies, accounting for potential obstacles and setbacks.
Pessimism Bias
Business ventures: Knowing pessimism bias can help you create more optimistic business plans and strategies, accounting for potential opportunities and successes.
Ishikawa Diagram
Business process optimization: Ishikawa Diagrams can help identify the root causes of inefficiencies in business processes, leading to improved process optimization.
Minto Pyramid
Negotiations: Minto Pyramid can help you structure your negotiation strategy and arguments, leading to better outcomes.
I, T, X-shaped skills
Entrepreneurship: X - Integrating insights from various fields enhances business innovation.
Loss Aversion
Entrepreneurship: Knowing loss aversion can help you make more rational decisions about starting or expanding a business by focusing on potential gains rather than potential losses.
Osborne Effect
Business partnerships: Establishing collaborations without prematurely revealing plans that could impact current operations or relationships.