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The Boston Consulting Group (BCG) analysis is a model approach used to assess product portfolios. It emphasizes two main criteria in evaluating a firm's product mix: the market growth rate and the product's relative market share.
BCG may have more than one meaning. The one known to me is Bacille Calmette Guerain. (French). Literally translated it is Calmette-Guerain bacterium. In English it is called tuberculosis. The acronym BCG is used in English for the vaccine against TB.
Explain BCG Matrix?
BCG matrix aka Boston matrix is a chart that had been created by Bruce Henderson for the Boston Consulting Group in 1970 to help corporations with analyzing their business units or product lines. (http://en.wikipedia.org/wiki/Growth-share_matrix) NB a picture is also included on the website. BCG matrix is an important tool to measure companies' brands worth. By analysis where their brands stand in BCG matrix, they can better develop branding strategies.
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BCG stands for Bacillus Calmette-GuerinBCG Boston Consultation Group... if you are speaking of the BCG as in BCG Matrix that is!Bacillus Calmette-Guérin; Tuberculosis vaccine.
The BCG Matrix for a McDonalds is a star. It is considered a star because of the growth rate and high market shares.
relationshipn between BCG and PLC
BCG matrix is a tool that helps you to identify how well your product is doing in the market and based on that it comes under one of the four categories demonstrated in BCG matrix. I learned more on BCG matrix on this site http://www.researchomatic.com/Bcg-Growth-Matrix-55640.html it's helpful.
Give me the comparism between bcg and plc
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looking for that answer myself.
The BCG Matrix, developed by the Boston Consulting Group, is a strategic analysis tool that helps organizations evaluate their product lines or business units based on market growth and relative market share. It categorizes them into four quadrants: Stars, Question Marks, Cash Cows, and Dogs, guiding management in resource allocation and investment decisions. By identifying which products to promote, maintain, or divest, the BCG Matrix aids in strategic planning and optimizing portfolio management. This visual representation allows companies to prioritize initiatives that align with their growth objectives and market dynamics.