MBA Management Models

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BHAG: Big, Hairy, Audacious Goal

BHAG: Big, Hairy, Audacious Goal

A Big, Hairy, Audacious Goal (commonly abbreviated to BHAG and pronounced ‘bee-hag’) is a long-term strategic goal that is bold, compelling, and ambitious to the point of being daunting.

The Bass Diffusion Model

Innovation and Entrepreneurship

The Bass Diffusion Model

The Bass Diffusion Model is a mathematical model that helps entrepreneurs forecast the market adoption of a new product, technology or innovation.

Schein's Model of Organisational Culture

Organisational Behaviour

Schein's Model of Organisational Culture

Schein's Model of Organisational Culture is a framework developed by the American organisational psychologist Edgar H. Schein to explain how culture within an organisation operates across different levels of visibility and awareness.

RACI Matrix

A RACI Matrix is a simple way to chart roles and responsibilities in a project. A RACI Matrix establishes who will be Responsible, Accountable, Consulted, or Informed for the tasks, milestones, and decisions anticipated during the project.

Theory of Constraints

Theory of Constraints

The Theory of Constraints is a set of tools designed to help managers enhance the performance of a system or process.

Satir's Change Model

Change Leadership

Satir's Change Model

Family therapist Virginia Satir developed her model after observing families and individuals experience a wide range of changes. Her model identifies four states of change and two key events that act as catalysts within the process.

Porter's Five Forces

Porter's Five Forces

Michael E. Porter's Five Forces model helps business strategists understand and evaluate the external factors affecting the competitive position of an organisation.

The McKinsey 7-S Framework

The McKinsey 7-S Framework

The McKinsey 7-S Framework is a diagnostic tool designed to help management effectively organise a company. The premise of the model is that the seven elements provide mutual support and must therefore be aligned.

Curry's Client Pyramid

Curry's Client Pyramid

Curry's Client Pyramid provides a way to classify customers by value, allowing a company to assign appropriately targeted sales and marketing resources to each segment.

Tuckman's Group Development Model

Change Leadership

Tuckman's Group Development Model

Tuckman's research into team development led him to one of the most widely quoted models of team change. His premise that all teams during their development will experience the stages of forming, storming, norming, performing and adjourning is regularly used in team building within organisations.

The Lean Startup

Innovation and Entrepreneurship

The Lean Startup

The lean startup is a method for conceiving and executing a business initiative that emphasises experimentation and early feedback. Lean startup has become the dominant new business methodology in the technology sector and is rapidly gaining widespread adoption in other industries.

Business Case Canvas

Innovation and Entrepreneurship

Business Case Canvas

The Business Case Canvas, not to be confused with the Business Model Canvas, is a strategic management template that can be used to describe, visualise and assess the essential components of a business case in a simple and concise way.

Blue Ocean Strategy

Blue Ocean Strategy

Blue Ocean Strategy encourages innovation by focusing on product development within new markets, rather than within the limits of existing market boundaries.

Lewin's Three-Step Change Model

Change Leadership

Lewin's Three-Step Change Model

Kurt Lewin developed his three-step change model of Unfreeze > Move > Refreeze in the first half of the 20th century. Lewin’s model is based on the premise that the driving forces within a business must outweigh the resisting forces for a change to occur.

The Marketing Mix: The 7 Ps

The Marketing Mix: The 7 Ps

The 7 Ps of the marketing mix (product, price, place, promotion, people, process and physical evidence) provide a helpful checklist to evaluate a product or service by ensuring that the critical areas of a value proposition are considered for the target market.

Beckhard and Harris Change Formula

Change Leadership

Beckhard and Harris Change Formula

Richard Beckhard and Reuben T. Harris developed their formula for change to provide change leaders with a concise way to identify the factors required for a successful transformation to occur and analyse the likelihood of success.

Boston Consulting Group (BCG) Growth-Share Matrix

Boston Consulting Group (BCG) Growth-Share Matrix

Originally developed by the Boston Consulting Group, the BCG Growth-Share Matrix (often referred to as the BCG Matrix) is a simple model that uses relative market share and rate of market growth as criteria to help companies with multiple lines of business prioritise investment.

Customer Perceived Value (CPV)

Customer Perceived Value (CPV)

Customer Perceived Value (CPV) is a conceptual marketing model used to determine the difference between a prospective customers evaluation of all the costs and benefits of a company's offering and the perceived alternatives.

Kotter's Eight Steps

Change Leadership

Kotter's Eight Steps

Change is difficult to implement in any organisation, but a few models do exist to help managers accomplish this most challenging of leadership tasks. John Kotter's eight-step change model is probably the most highly-regarded and widely used amongst them and is a staple of any MBA syllabus.