IDEAS home Printed from https://ideas.repec.org/a/tec/journl/v8y2020i1p398-404.html
   My bibliography  Save this article

Application of management matrix models for strategic planning of enterprise activities

Author

Listed:
  • Semenchuk Tetiana

    (Department of Management, Public Administration and Administration, Faculty of Management and Technology, State University of Infrastructure and Technologies, Kyiv, Ukraine)

  • Vasiliha Sergii

    (Department of Management, Public Administration and Administration, Faculty of Management and Technology, State University of Infrastructure and Technologies, Kyiv, Ukraine)

Abstract

The importance of strategic planning enterprise activity is substantiated in the article. Detailed analysis of the management classic matrix models strategic planning, namely the Boston Consulting Group (BCG) method, the McKinsey method, and the Arthur D. Little method. Allowed to form a system basic models of strategic analysis. Which, unlike the existing ones, is built on the systematization of well-known matrix models of packet management in terms of tools, level of universalism and level of application. The article proposes an advanced strategic planning process for an enterprise with the application and combination of different types, methods, matrices and models, which includes three consecutive stages of analysis and planning. The authors of the article have also formulated and summarized the characteristics of matrices that are widely used in life and, above all, in the analysis of management activities. These are the change-resistance matrix and the Control Grid. The authors prove the importance and relevance of applying matrix methods in conjunction with the Blue Ocean strategy. The main instrument of the Blue Ocean Strategy is the Strategic Canvas - to diagnose and build such a strategy. In order to build an "outline strategy" for a company, it is necessary to identify the key characteristics of the products - theirs and their competitors. Analyzing a "strategic outline" allows the company to determine how well its market strategy is similar to that of its competitors. The creation of the "blue oceans" not only contributes to the strong growth and increase profits of enterprises, this strategic step has a serious positive effect on the consolidation of the existing brand the company in creating customers.

Suggested Citation

  • Semenchuk Tetiana & Vasiliha Sergii, 2020. "Application of management matrix models for strategic planning of enterprise activities," Technium Social Sciences Journal, Technium Science, vol. 8(1), pages 398-404, June.
  • Handle: RePEc:tec:journl:v:8:y:2020:i:1:p:398-404
    as

    Download full text from publisher

    File URL: https://techniumscience.com/index.php/socialsciences/article/download/532/286
    Download Restriction: no

    File URL: https://techniumscience.com/index.php/socialsciences/article/view/532/
    Download Restriction: no
    ---><---

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. I Ketut Astawa & I Ketut Budarma & Cokorda Istri Sri Widhari & I Gede Mudana, 2020. "Green Hotel as a Competitive Product: A Case Study at 5-Star Hotel in Bali," Technium Social Sciences Journal, Technium Science, vol. 11(1), pages 316-324, September.

    More about this item

    Keywords

    strategic planning; management matrix models; competitive advantages;
    All these keywords.

    JEL classification:

    • R00 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General - - - General
    • Z0 - Other Special Topics - - General

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:tec:journl:v:8:y:2020:i:1:p:398-404. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Tasente Tanase (email available below). General contact details of provider: .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.