List and Describe the Components of the BCG Matrix Approach

question 99

Essay

List and describe the components of the BCG Matrix approach for portfolio planning in corporate-level strategy formulation.

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Definitions:

Procedural Memories

Memories of how to perform tasks or actions, such as riding a bike or swimming, that are usually recalled without conscious effort.

Implicit Memories

Memories that are formed and used unconsciously and can affect thoughts and behaviors without an individual's awareness.

Well-Learned Skills

Abilities or tasks that have been practiced to the extent that they can be performed with ease, often automatically.

Implicit Memory

A type of memory in which previous experiences aid the performance of a task without conscious awareness of these previous experiences.