Introduction to Business Tools
Top Business Frameworks
Business frameworks are practical tools that can assist with problem-solving, thought organization, and recommendation-sharing. You can scale a more comprehensive conceptual framework to suit your needs. You can adapt a business framework's starting point and common vocabulary to suit your own purposes. A business framework should, in the end, create structure and simplify complex business problems. The most well-known management, strategy, and business frameworks and models used today are listed below. Frameworks can be grouped according to a number of levels of analysis:
Level |
Type of Tool |
Macro Level |
PESTEL Analysis |
Industry Level |
Porter’s Five Forces |
Corporate Level |
BCG Growth-Share Matrix |
Business Level |
SWOT Analysis |
Product Level |
Product Life Cycle |