Acknowledgements
The authors would like to thank three anonymous reviewers for their constructive comments on this article.
Notes
1. In the Ansoff matrix, combinations of old/new products and old/new markets result in four types of products, with accompanying strategies.
2. The GE/McKinsey matrix is comparable to the Growth-Share matrix, but making it operational requires far more complex collecting and processing of data, both in business as in the adapted tool introduced here.