Business frameworks are structured approaches to Problem Solving and Decision Making that are commonly used in the business world. They provide a set of concepts, principles, and tools that can be applied to a wide range of business problems and issues. By using business frameworks, we can provide a clear, organized, systematic, holistic, and efficient way of thinking about our specific business problems or issues—as well as better understand and implement the resultant solutions.
There is a wide, diverse variety of business frameworks that can be used by business leaders, depending on the specific problem or challenge they are trying to address. To see common examples of business frameworks, take a look at some Classic Strategy frameworks here (e.g. Porter's Five Forces, BCG Growth-Share Matrix, Balanced Scorecard, Value Disciplines Model, GE-McKinsey Matrix, etc.). For even more frameworks, take a look at the Top 100 Consulting Frameworks.
Business frameworks are valuable tools that can be used by business leaders to help them think more clearly and systematically about the challenges they face. By using business frameworks, business leaders can gain a better understanding of their organization and its environment; and can develop more effective strategies and plans that enable them to achieve their goals and objectives.
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