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.
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!
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
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?
I swear u are so talented in delivering the information
i agree !!!
Got a business mock tomorrow so doing some serious last minute revision. You're an absolute saviour when it comes to this!
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!
so simply explained. thanks so much.
Great way of showing how theory works .. You are doing well
Very well explained. Better than my Professor
I'm sure your professor is an excellent teacher but thank you for the praise!
this guy carried me through a-levels🤩
love u! u r a total badass! best tutorial so far!
2 hours till a level paper 2 saving the day
What grade did you end up getting
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?
excellent. ipod example was great. would be glad to hear 5-6 more examples!
Great explanation. Thanks!
Great video and great explanation. Thanks mate
taking the biz is a professor finesser
gOD BLESS YOU, IF IM GETTING A GRADE IN THIS EXAM; I OWE YOU
Good luck!
what did you get?
Amazing!
he says thank you !!
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
Hey Takingthebiz, could you please do business structures please like the normal hierarchy and matrix structure. Thank you
Good work
Superb presentation, thx
My profesor uses this video to explain to us directly😂😂
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.
u the man
tqvm
Wonderful! It helps me a lot .. I’ve a relevant question, what are the tools for reviewing strategy ?!
This chap is coated
Thanks
This is very goog. Thanks
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!
There's also unrelated diversification, such as when Amazon entered the grocery market.
POV: you got an A2 exam running tomorrow morning... :p
Yupppp
eres un genio
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!
Do a live stream before the last 2 papers
No but i think he would consider it. Would you watch?
P3 today…. Let’s go😮💨
how was it
hero
what's the name of the cereal company
For anyone wondering the same thing I've just found it, it's SpecialK
Goated
My highschool final exam is in a few minutes lmao
geniooooo
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
To us with paper 3 tomorrow
To us 🥂
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.
Sir u r speaking very fast... M unable to catch it, especially the initial part
WaveyZ allow him bro
subtitles?
whos looking at this before exam
gng
Thanks