Figure 2.4 Competitive Growth Strategies Market Product Present Penetration Development Market New Diversification Development Present New Product Source: H.LArsoff, New Clorparate Strategy. (New York Wiley, 1988), p. 109. Market Figure 2.3 Growth Share Matrix Developed by the Boston Consulting Group High Star Question mark Low Cash cow Dog High Low Relative market share Source: Perspectives, No. 66,"The Product Por tfolio" Reprinted by pemission from The Boston Consulting Group, hc, Boston, MA, Copyright © 19/0. Product-market growth

Principles Of Marketing
17th Edition
ISBN:9780134492513
Author:Kotler, Philip, Armstrong, Gary (gary M.)
Publisher:Kotler, Philip, Armstrong, Gary (gary M.)
Chapter1: Marketing: Creating Customer Value And Engagement
Section: Chapter Questions
Problem 1.1DQ
icon
Related questions
Question

How might a planner decide on competitive growth strategies using tools such as the market growth/market share matrix (Figure 2.3) and product-market matrix (Figure 2.4)?

Figure 2.4 Competitive Growth Strategies
Market
Product
Present
Penetration
Development
Market
New
Diversification
Development
Present
New
Product
Source: H.LArsoff, New Clorparate Strategy. (New York Wiley, 1988), p. 109.
Market
Transcribed Image Text:Figure 2.4 Competitive Growth Strategies Market Product Present Penetration Development Market New Diversification Development Present New Product Source: H.LArsoff, New Clorparate Strategy. (New York Wiley, 1988), p. 109. Market
Figure 2.3 Growth Share Matrix Developed by the Boston Consulting Group
High
Star
Question mark
Low
Cash cow
Dog
High
Low
Relative market share
Source: Perspectives, No. 66,"The Product Por tfolio" Reprinted by pemission from The Boston Consulting Group, hc, Boston, MA,
Copyright © 19/0.
Product-market growth
Transcribed Image Text:Figure 2.3 Growth Share Matrix Developed by the Boston Consulting Group High Star Question mark Low Cash cow Dog High Low Relative market share Source: Perspectives, No. 66,"The Product Por tfolio" Reprinted by pemission from The Boston Consulting Group, hc, Boston, MA, Copyright © 19/0. Product-market growth
Expert Solution
steps

Step by step

Solved in 2 steps

Blurred answer
Knowledge Booster
Marketing analytics
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, marketing and related others by exploring similar questions and additional content below.
Similar questions
Recommended textbooks for you
Principles Of Marketing
Principles Of Marketing
Marketing
ISBN:
9780134492513
Author:
Kotler, Philip, Armstrong, Gary (gary M.)
Publisher:
Pearson Higher Education,
Marketing
Marketing
Marketing
ISBN:
9781259924040
Author:
Roger A. Kerin, Steven W. Hartley
Publisher:
McGraw-Hill Education
Foundations of Business (MindTap Course List)
Foundations of Business (MindTap Course List)
Marketing
ISBN:
9781337386920
Author:
William M. Pride, Robert J. Hughes, Jack R. Kapoor
Publisher:
Cengage Learning
Marketing: An Introduction (13th Edition)
Marketing: An Introduction (13th Edition)
Marketing
ISBN:
9780134149530
Author:
Gary Armstrong, Philip Kotler
Publisher:
PEARSON
MKTG 12:STUDENT ED.-TEXT
MKTG 12:STUDENT ED.-TEXT
Marketing
ISBN:
9781337407595
Author:
Lamb
Publisher:
Cengage
Contemporary Marketing
Contemporary Marketing
Marketing
ISBN:
9780357033777
Author:
Louis E. Boone, David L. Kurtz
Publisher:
Cengage Learning