This is an amazing video. I don't study business but Ansoff is covered in my A level technology and design course and this has really helped me out. I have a mock exam tomorrow and I have been able to understand and hour of work in 13 minutes and 50 seconds. This video needs more recognition.
I kind of understand the Ansoff matrix, but what twists my brain is choosing the right method to achieve my goal. How would you go about doing this? Is there another strategy to help decide which method to use in the Ansoff Matrix?
so good, thank you so much! I take CIE AL business and unit 6, strategic management was the toughest to grasp conceptually. Really, thank you for this.
don't businesses use diversification as a means to reduce risk? if this is correct then why is diversification the most risky choice? can you please help me by expanding on that.
Successful diversification spreads risk as the business is active in more markets, so if there is a decline in one industry then the business is insulated from that decline. However, diversification is risky a) because of the costs involved (the business will need to invest in R&D into new product ranges and market research into new markets) and b) because the business will not have the same level of knowledge and experience in new markets that it has built up in its existing markets. Diversification is a popular strategy, but the consequences of failure are higher than with the other strategies in the matrix, hence why it is viewed as the most risky (although it is also the strategy with the greatest potential for growth).
Are theories like ansoff's matrix applicable for paper 1? I mentioned market penetration within one of my answers but because it is theme 3 for edexcel I am unsure.
I think it would completely depend on the context in which you referred to the theory. In a 100 mark exam. I wouldn't worry too much about it though - just focus on papers 2 & 3
Really great vids, so helpful! Could you do videos on advice for the Edexcel pre-release booklet (on health and fitness), and any predictions you think might come up with the Edexcel new spec? Thanks so much, you're so engaging to watch!
4 AM, 5 hours to annuals and this guy is in proper form.
revision cramming night before at its finest
what did u get?
@@PapaSeed what did you get fam?
same
what did u get fam fam
what did you get?
Got a business mock tomorrow so doing some serious last minute revision. You're an absolute saviour when it comes to this!
I swear u are so talented in delivering the information
i agree !!!
P3 business tomorrow. If i pass it’s because of you. Thanks!
Nonsense. If you pass it will be due to your hard work. Good luck in the exams.
Your lectures are absolutely easy to understand. Thanks for such a great informative video.
very well delivered easy to listen to! Thanks
Thank you for taking the time to leave such a positive comment - I hope the videos help!
Your videos are simple, clear, concise and informative, which I'm using to demystify strategies for my MBA
This is an amazing video. I don't study business but Ansoff is covered in my A level technology and design course and this has really helped me out. I have a mock exam tomorrow and I have been able to understand and hour of work in 13 minutes and 50 seconds. This video needs more recognition.
You are very kind for leaving such a positive comment. I'm glad the video was helpful. Good luck in your mock exam!
2 hours till a level paper 2 saving the day
What grade did you end up getting
Very well explained. Better than my Professor
I'm sure your professor is an excellent teacher but thank you for the praise!
I kind of understand the Ansoff matrix, but what twists my brain is choosing the right method to achieve my goal. How would you go about doing this? Is there another strategy to help decide which method to use in the Ansoff Matrix?
Great way of showing how theory works .. You are doing well
so simply explained. thanks so much.
this guy carried me through a-levels🤩
gOD BLESS YOU, IF IM GETTING A GRADE IN THIS EXAM; I OWE YOU
Good luck!
what did you get?
I from Peru, thank you, I am sharing a lot of this Matrix Ansoff, In the Internet I don't find lot information
Wow, thank you - hope the video helped
love u! u r a total badass! best tutorial so far!
excellent. ipod example was great. would be glad to hear 5-6 more examples!
u the man
taking the biz is a professor finesser
Great explanation. Thanks!
Great video and great explanation. Thanks mate
My profesor uses this video to explain to us directly😂😂
Hey Takingthebiz, could you please do business structures please like the normal hierarchy and matrix structure. Thank you
so good, thank you so much! I take CIE AL business and unit 6, strategic management was the toughest to grasp conceptually. Really, thank you for this.
Amazing!
he says thank you !!
POV: you got an A2 exam running tomorrow morning... :p
Yupppp
don't businesses use diversification as a means to reduce risk? if this is correct then why is diversification the most risky choice? can you please help me by expanding on that.
Successful diversification spreads risk as the business is active in more markets, so if there is a decline in one industry then the business is insulated from that decline. However, diversification is risky a) because of the costs involved (the business will need to invest in R&D into new product ranges and market research into new markets) and b) because the business will not have the same level of knowledge and experience in new markets that it has built up in its existing markets.
Diversification is a popular strategy, but the consequences of failure are higher than with the other strategies in the matrix, hence why it is viewed as the most risky (although it is also the strategy with the greatest potential for growth).
if only i'd have discovered you earlier. thanks sir!
tqvm
This chap is coated
Thanks
Are theories like ansoff's matrix applicable for paper 1? I mentioned market penetration within one of my answers but because it is theme 3 for edexcel I am unsure.
I think it would completely depend on the context in which you referred to the theory. In a 100 mark exam. I wouldn't worry too much about it though - just focus on papers 2 & 3
Superb presentation, thx
Wonderful! It helps me a lot .. I’ve a relevant question, what are the tools for reviewing strategy ?!
Good work
This is very goog. Thanks
Do a live stream before the last 2 papers
No but i think he would consider it. Would you watch?
what's the name of the cereal company
For anyone wondering the same thing I've just found it, it's SpecialK
Goated
eres un genio
hero
There's also unrelated diversification, such as when Amazon entered the grocery market.
P3 today…. Let’s go😮💨
how was it
To us with paper 3 tomorrow
To us 🥂
geniooooo
Really great vids, so helpful! Could you do videos on advice for the Edexcel pre-release booklet (on health and fitness), and any predictions you think might come up with the Edexcel new spec? Thanks so much, you're so engaging to watch!
sir tell the difference between Ansoff's Matrix, Boston Matrix?
Ansoff's matrix is used to make a strategic choice for a business while Boston matrix is used for strategic analysis.
whos looking at this before exam
My highschool final exam is in a few minutes lmao
Sir u r speaking very fast... M unable to catch it, especially the initial part
WaveyZ allow him bro
subtitles?
gng
Thanks