If you’re thinking that the 5 Whys mean you have to say why five times, no, not exactly. The 5 Whys in business is a process that you would actually use to help you to find out the real root of a business problem and ways to fix it. Sometimes in business, managers can spend so much time in the boardroom, discussing the potential problem and discussing what might have … [Read more...] about The 5 Whys As a Practical Tool to Solve Business Problems
Netflix
PEST Analysis of Netflix: How Politics and the Economy impact the Media Provider
Netflix is a media company with a portfolio of original and licensed content. You pay a monthly subscription to have access to this portfolio. It’s likely Netflix is available for you, considering it’s operational in 130 countries. However, the type and amount of content vary by country. And in some places, people aren’t happy with the crumbs they’re offered. This company, … [Read more...] about PEST Analysis of Netflix: How Politics and the Economy impact the Media Provider
Netflix SWOT Analysis: Why More Content Isn’t Always Best
You probably have a Netflix account. Almost everyone does. Seriously. Their consumer base is over 100 million people all over the world. And that’s not surprising when you consider the power of their brand recognition plus the content they offer. They’ve paved the way for subscription streamed content. Now, similar companies with matching buying power are creating their own … [Read more...] about Netflix SWOT Analysis: Why More Content Isn’t Always Best
What is a SWOT Analysis? 2 Examples of What It’s Used For
If you're wondering what is a SWOT analysis, don't worry. It doesn't mean that the FBI or the police are doing an analysis of the situation! It actually has nothing to do with SWAT in that sense, because that particular SWAT is s.w.A.t.. The SWOT that we're talking about and referring to is s.w.O.t., which stands for strengths, weaknesses, opportunities, and threats. While … [Read more...] about What is a SWOT Analysis? 2 Examples of What It’s Used For
How CATWOE helps in Business Analysis and Decision Making
If you ever heard of the term CATWOE, no, you don't have to worry about it being a depression that cats go through or a time when cats are upset. It's something completely different. CATWOE is an acronym or a series of letters that make up a word. It's used as a business term and if you look at the six different letters, they stand for: customers, actors, transformation … [Read more...] about How CATWOE helps in Business Analysis and Decision Making
Constructing a SWOT Model for Business Analysis
A SWOT model is a way to look at a SWOT analysis. SWOT analysis is based on strengths, weaknesses, opportunities and threats. This is also sometimes considered a SWOT matrix or SWOT table. When people look at a SWOT analysis breakdown on paper, it looks like a box with four squares. The first box has strengths and next to that are weaknesses. The bottom left would be … [Read more...] about Constructing a SWOT Model for Business Analysis
How Value Chain Analysis Can Help You Plan for a Party
For anyone who has planned a party, you know you have to think of several different factors. You have to think about location. You have to think about how much money you want to spend and other things like how many people to invite. You also have to pick out a date when you're going to have your event. What if you are limited on funds? Next you might want to invite other … [Read more...] about How Value Chain Analysis Can Help You Plan for a Party