Questions on Mutiple Topics Essay Example | Topics and Well Written Essays - 3500 words

Questions on Mutiple Topics - Essay Example Portfolio matrices have become popular tools due to the various advantages that companies derive from them. First, portfolio matrices are very flexible as they can be applied to products, brands, and strategic business units. It should be noted that the use of portfolio analysis is not limited to products or brands only. Portfolio matrices can be used to ascertain the competitiveness and strengths of brands, product lines, and profit centers. Portfolio matrices are often used as cash management tools as they provide managers an easy and graphical way to assess how much cash the business will be using or generating in putting its products or services in the market. It also tells managers which products or units to invest in according to their attractiveness and competitiveness. The use of portfolio analysis is essentially to help managers focus on their core and profitable businesses. Portfolio matrices are also commonly used among business organizations because of their relative simplicity. The core ideas behind each portfolio matrix can be easily grasped and understood by any manager. Therefore, portfolio matrices are often easier to understand than other business tools. However, the use of portfolio matrices in crafting business strategies also presents some drawbacks. For one, portfolio matrices are often seen as having a â€Å"too simplistic† view of the world that it overlooked other important qualitative factors. For example, the Boston Consulting Group (BCG) matrix considers the relationship between market attractiveness and market growth. It should be noted however, that high growth markets are not necessarily attractive and low growth markets are not necessarily unattractive (Growth-Share Matrix, 2006). Another pitfall of portfolio matrices is that it does not consider the interaction of business units or the entities being considered. It should be noted that in portfolio matrix analyses, products are considered in isolation

Concept Analysis Coursework Example | Topics and Well Written Essays - 250 words - 1

Concept Analysis - Coursework Example According to McEwin and Wills (2014), antecedents are the happenings that took place before the manifestation of the idea while the consequences are the effects of the concept. For instance, for holism to take place, there has to exist a real nurse-patient relationship founded on trust and understanding. The nurse also requires expertise, outstanding communication skills and knowledge. Additionally, a precursor to the concept of risk is the cognitive capability to differentiate between options. The aptitude for cognitive reasoning is an antecedent to the risk concept (Fawcett, 2005). If an individual cannot use cognitive reasoning, he or she is not capable of making a recognition or discernment about the probable harm to him or herself and other people. For instance, young children cannot interpret and analyze information in their surrounding that would be harmful to them or would put them in risk; therefore, they cannot know that touching an iron box after use will burn them. It is an adult in this case who has cognitive thinking to understand that the kid is in danger. In this case, cognitive reasoning is an antecedent to the concept of risk (McEwin & Wills, 2014). Townsend, L., & Scanlany, J. (2001). Self-efficacy related to student nurses in the clinical setting: A concept analysis. International Journal of Nursing Education Scholarship, 8(1). doi:10.2202/1548-923X.2223 Permalink to