Are Control Charts Based on Actual Behavior or on Desired

question 21

Essay

Are control charts based on actual behavior or on desired behavior? Give an example to illustrate the difference between the two types of behavior.

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Definitions:

BCG Matrix

A strategic planning tool that uses market growth rate and market share to categorize business units or products into four categories: Stars, Cash Cows, Question Marks, and Dogs.

Market Attractiveness

An assessment of the potential profitability and growth opportunities in a particular market sector.

GE/McKinsey Grid

A strategic tool used for portfolio analysis, helping businesses prioritize their investments among different business units or product lines.

Business Strength

The distinct advantages or capabilities a company has that give it a competitive edge in the market.