1. “Frame-Works” Degree of Rivalry!
I like to say that Management Consulting required a combination of ambiguitytolerance and rational problem
solving. A fellow associate frequently quips when asked what he does, “I bring to complex situations.”
Frameworksare developed bythe management thinkers to help the multi business enterprises to manage their
business units profitably.
There are many frameworks developed bybig consulting firms which are being used bymanyorganizations to
assess their performance and plan strategies. Some of the popular frameworks are, GE-McKinsey Nine Box
Matrix which helps to prioritize investments to different business units in a decentralized corporation, BCG
Growth-Share Matrix which is used to classifythe position of a business unit in a four quadrant matrix based on
its Market growth vs Market share, McKinsey7S Framework which can be used to assess 7 internal aspects of
the organization that are to be aligned to improve performance. Other popular Frameworks are, Profitability
Framework to assess a business unit based on its costs and revenue generated, Four Cs Framework used to
understand the source of the business problem(internal or external), Porters five forces which can be used
during a new market entry or Merger and Acquisition opportunities, SWOT analysis to assess a business
opportunity or assessing the business environment for a new market entry, Blanked Scorecard Framework to
measure quantitative and qualitative set of measures.
Acura Consulting is assessing the business units using these frameworks helps the management team to
analyse the business environment and industry and plan strategies accordingly.
Though with hundreds of frameworks present, it all depends on the user’s needs and how the framework helps
the user in web application development.