Today,
many successful companies in competitive confrontation give strategic priority
to the ability of top management to choose a creative path of market
positioning, mobilizing the resources and initiatives of team members to create
the future in a creative and socially responsible manner
[1].
This is facilitated by the possession of matrix tools - an ordered
sequence of procedures for collecting, systematizing, analyzing an array of
data, forming two key comparison criteria and their boundary values, and
clearly identifying alternative business processes. Strategic matrices are the
primary form, and often the starting point, of visual research, due to their
clarity, accessibility, comfort, and intuitive clarity. More than 50 matrices
are described, of which the Boston, SWOT, and nominal matrices are widely known
(for example, the Abel, Ansoff, McKinsey, Porter, Steiner, and Hofer matrices).
Despite the controversial nature, the sufficient level of
knowledge and development of the matrix approach to strategic management,
interest in it does not decrease, and the ways of improvement are associated
with the unrealized («hidden» [2]) potential of information technologies, which
allows users to:
– move from the
classic two-dimensional to three-dimensional space with additional dimensions
and a variable coordinate system that combines quantitative and qualitative
indicators, for example, using the software product «5dchart» [3];
– implement the
principles of «visual management» and «simplification of schemes» [4] in the
presentation of corporate strategy as a complex object;
– supplement the
toolkit with new techniques for integrating visualization methods [5-6],
related to the actual need for graphical support of the subject essence of the
analysis, taking into account changes in the market situation, territorial,
industry, production and technological features of the object of study [7];
– adapt techniques
for improving the efficiency of information perception (reading speed,
improving the accuracy of problem solving, reducing errors [5, 8] when using
business analytics software (Big Data, Google Analytics, R-Studio, Business
Intelligence, Operational Data Store, etc.) through thoughtful color coding [8,
9], compositional construction [10] and changing the basic shape of diagrams.
We share the opinion that overcoming the insufficient
substantiation of the chosen decisions in the process of graphic research of
complex socio-economic phenomena is achieved both due to the high speed of
visual perception, and through the purposeful interpretation of images based on
the preliminary awareness of the user, attracting multi-level information
(technological, linguistic, genre, ideological , aesthetic, legal).
Hypothesis:
the strategic matrix, as the primary method of
visual market research within the specified boundaries of the two-factor model,
retains the ability to improve the quality of analytical understanding of the
subject area by including an additional diagnostic test in the program
apparatus of the preliminary stage of data preparation, structuring the array
of initial data in accordance with the causal logic set by the type of a
specific strategy.
The purpose of the study is to consider in general terms the possibility
of increasing the reliability of the choice of the strategic management zone (SMZ)
in the process of matrix visual market research by introducing a diagnostic
test. The methods of analysis and synthesis, a systematic approach,
sociological research, and the study of statistical and reporting data are
used. The theoretical and methodological basis of the study was both the works
of economists engaged in strategic planning issues, and the work of scientists
in the field of infographics.
For example, in the series of publications by I.K. Romanova, new
approaches to the visualization of parametric studies in the framework of
multi-criteria problems are discussed, which allow us to determine possible
compromise solutions, areas of sensitivity, mutual and dominant influence of
parameters, and possible losses in compromise solutions. In addition to
traditional visualizations (3-D graphics, contour lines, gradient fields, Andrews
curves, parallel coordinates), new visuals are offered (color schemes, radial
compass plots, HivePlots image, display of four criteria using the scatter
command), which undoubtedly can support decision-making based on matrix
analysis. At the same time, the researcher names possible difficulties in the
perception (distinctness) of images and warns that the question of choosing
visualization tools is closely related to the peculiarities of its perception
by a person and his general abilities, and not with specific implementations
(rotation of graphic objects and other spatial manipulations). We agree that
the presence of some subjective factor forces us to choose more carefully attractive
visualizers that correspond to the economic nature of the presented initial
data, but does not exclude the need to develop matrix tools.
The steadily developing segments of the consumer market
demonstrate the applied nature of the strategic planning ideology. Therefore,
the confirmation of the hypothesis will be carried out on the example of the
choice of the SMZ and the trajectory of the market promotion of the product by
a double matrix visual study. The positioning of the product in each quadrant
of the matrix means a specific situation that allows the application of a
typical strategy of business behavior and the concentration of resources on the
most important processes of reproduction of the commercial cycle. Specialists
study the market environment of the enterprise in terms of external trends,
opportunities and changes that occur in various areas and spheres of life [11].
We use the «product-market» and «buyer-seller» matrices.
The first "product - market" matrix is a well-known
simplified model of the market according to Igor Ansoff's version (1957),
orienting business processes towards achieving synergy of interaction between
the market environment and the product. The matrix coordinates two factors:
1. Existing and new products. The first one has a history and
culture of sales, the second one is planned to be «introduced to the market» to
reach a new target audience or expand an existing group of consumers.
2. Existing and new markets. At the first stage, the manufacturer
is already operating, has a reputation, at the second, there is a lack of work
experience, but a potential group of consumers is predicted, which can become a
promising target audience.
«Product novelty» is associated with the emergence of additional
functions, modification, replacement of raw materials, the formation of a new
customer segment, «market novelty» - with new territories or new market
segments.
There are four possible SMZ with appropriate strategies:
-
existing product and existing market. The strategy of
market penetration (improvement of activity), allows the agent to strengthen
the market position through the development of the marketing complex: expanding
sales channels, increasing sales volume through a flexible pricing policy, more
active advertising, new staff competencies, increasing the number of customers,
the frequency of use of the product and opening new areas of its application.
The obvious strategy is aimed at strengthening positions by increasing market
coverage, and the probability of success is high (50%).
-
an existing product in a new market. The market
development strategy allows to increase the market coverage through the
development of new territories, sales channels, customer groups and other
measures to promote a well-known product in new areas of life. Extensive growth
is associated with significant costs and risks, and is focused on an external
support mechanism. However, the expansion strategy has the greatest potential:
by attracting new consumers, it is possible to maintain the existing rates of
market promotion and increase profits in the long term. The probability of success
is estimated at 20%;
- a new product in a new market.
The
highly costly and most complex diversification strategy allows you to promote a
new product to new geographic and target markets; it is aimed at simultaneously
renewing the source resource and attracting new buyers [12]. Diversification
generates a synergy effect and promotes the redistribution of high business risk
by increasing the «product portfolio» and the number of territorial markets.
However, the likelihood of success is rated very low (5%);
- a new product in an existing market. A product development
strategy, or product expansion, means developing and improving a product for
existing consumers in existing markets. The increase in sales is due to the
transition to new (non-traditional or additional) functions and properties,
changes in packaging, weight, and configuration. Consumers are already familiar
with the brand and have formed their attitude to it. The probability of success
of the strategy is estimated at 33%.
According to Ansoff, the choice of strategy is based on the
principle of least cost, as a variant of the least resistance to the promotion
of goods to the market. The priority is the strategy of penetration into the
existing market, followed by the strategy of development of the new market. If
it is impossible to implement these strategies, less expensive options are
considered – the development of a new product and diversification.
In our opinion, in modern conditions, the choice is increasingly
based on the search for the maximum degree of coordination of the strategy with
the goals of the enterprise: a) increase in production and sales (increase in
revenue); b) increase in profit; c) cost reduction ; d) market share expansion;
e) focus on the implementation of a non-commercial socially or environmentally
significant project.
The second «buyer-seller» matrix is less popular, but, in our
opinion, from the position of searching for «your customer», it allows you to
reliably coordinate the designated product strategies with the interests of
consumers by comparing the value of the product to the customer with the sales
price, which determines the manufacturer's income. The markets remain the same
(existing and new), and the seller's income can be either low up to a loss, or
high or acceptable.
We will describe the possible strategic positions in this matrix:
-
the
existing market and low-profit or unprofitable activities.
This position is defined as «the country of fools».
Manufacturers
convince customers to buy unnecessary and unprofitable products for themselves.
In ordinary commodity markets, the activity of producing a new product
turns out to be low-profitable. Commodity producers, without the necessary
competencies and technological advantages, incur losses, do not reinvest
profits in the modernization of production, i.e. they do not effectively manage
costs, do not have a well-thought-out price behavior;
-
a new market and low-income or unprofitable activities.
The position is defined as “bait for the buyer”. Low-profit activity of a
commodity producer in a new market is possible in situations: a) the volume of
effective demand in the region is insufficient for a return on investment; b)
the number of competing commodity producers attracted by the prospects of
demand growth turned out to be excessive; c) the seller uses ineffective
production and sales technologies, which are replaced by more progressive, but
financially less affordable; d) the offer price does not suit the majority of
unmotivated consumers; e) the activation of the market is started prematurely,
before the production costs are brought into line with the real level of market
prices;
-
the new market and high or acceptable operator revenue.
The position is defined by us as the «optimal strategic choice», which means
the establishment of a long-term mutually beneficial relationship between the
seller and the buyer as a result of a clear focus on the real needs of the
market. The producer competently conducts market segmentation, divides
consumers into certain groups according to the volume and frequency of
purchases, and sets appropriate prices for each of them. This tactic helps to
form a «core of reference customers». If the demographic, status, and age
factors are insignificant, segmentation can be based on flexible pricing and
additional services. The cost of the product consists of the profitability of
the methods of its production, transportation and availability of electricity. For
the reference «customer segments», prices are determined taking into account
the stimulating «coefficient of change», which in turn can be set based on the
ratio of annual consumption volumes. This is an ideal situation when a
commodity producer is accompanied by commercial success, so it can be
considered as a priority for the market promotion of operators. The trusting
attitude of sellers to buyers is based on an understanding of their desires,
habits and needs;
-
the
existing market and the high or acceptable income of the operator. The
position is defined as a «trap for the buyer». The quality of the goods does
not correspond to the price, the client does not receive the required benefit,
corresponding to his expenses and interests, because commodity producers massively
use non-progressive production technologies.
Consider
an example of the market positioning of non-drinking water as a commercial
product. The novelty of the product is determined by the technology of its
production by processing «gray waters». Household, rainwater, industrial,
salt-containing artesian water after a complex special treatment is reused in
washing and household processes. The producers of the product are water
utilities, private operators, enterprises with specialized water treatment
technologies, and their competitors are large water utilities that supply
industrial water using traditional technologies. The priority target group of
clients are cottage owners, agricultural farmers, car wash owners, cleaning
companies, municipal services, water users focused on reducing the «water
footprint» and water conservation [13]. So, about 40 million cubic meters of
water is spent on the annual spring cleaning of streets, bridges, and buildings
in Moscow. In some countries, from 25% to 50% of household water needs for
toilets, car washes, and yard cleaning are covered by the disposal of storm
water [14] and municipal wastewater [15]. Abroad, the increase in demand for
non-potable water is caused by the
legislative regulation of the waste
water recovery process and innovations in water treatment [16]. For Russia, it
is a new market and a new product that has not yet been massively implemented
in cities and has not been tested by time, but its development is inevitable
due to its multifunctionality (economic, environmental, recreational, ecosystem
functions) and the growing global water crisis.
The modern economy proceeds from the fact that the seized water,
which has lost its ecological and hydraulic connection with the natural object,
becomes a commodity and material value for which the consumer is obliged to
pay. Thus, the sale of non-potable water produced from waste water, as a SMZ,
is distinguished by the independence of economic activity, goal-setting,
planned nature, the presence of a competitor, and orientation to a certain
market segment. It remains possible for the product to enter existing regional
industrial water markets and reach traditional consumers.
Combination of the considered matrices allows you to visualize the
vector of market promotion of the product from the positions of «new product»
in the current and new markets to the position of «optimal strategic choice»
(Fig. 1). This is a difficult-to-achieve, but the most desirable situation of
long-term mutually beneficial harmonious relations and social responsibility.
The buyer meets their needs in price and quality, the manufacturer receives a
decent income, the regulator provides support (government orders, access to «long
investments», social advertising). The selection is marked by a point in the
plane of the second matrix. In this example, the first matrix represents the
ratio of resources, costs, and revenue, and the second matrix represents
consumer behavior as a response to flexible pricing and quality of service. The
optimal strategic choice involves the implementation of cost strategies - the
strategy of diversification and the strategy of product development.
Combining the matrices, choosing the market position and the
corresponding strategy is the final stage of visual research. This graphic
technique seems simple and easy only at first glance. In essence, the solution
is the result of a complex professional analysis of cause-and-effect
relationships, identifying reserves, detailing risks in different markets, and
predicting the level of costs of the seller and the buyer. The evidence of the
relevance of the selected factors of the matrix study is the identified trends
and patterns, developed forecasts, and expert opinions. To trace complex
relationships, it is important to maintain control and ease of perception of
monotonous series of numbers, texts, regulations, forecasts, and expert assessments.
The crucial step is to select the groups of factor specialization
and justify the required level of detail of the indicators and the boundary
values of the range of their changes.
It is important to balance a set of characteristics: on the one hand,
the finer the level of detail, the higher the content and flexibility of the
analysis, as well as the lower the energy consumption for processing
information [17], but, on the other hand, the objective high redundancy of the
source data tires the expert.
Schemes,
signs, diagrams minimize efforts and preserve the integrity of perception of a
particular problem in the course of solving a cognitive task by activating
associations when working with a readable and aesthetically illustrated text [5].
Fig. 1. Visual
study of the
SMZ
by double matrix analysis
We have identified three groups – market, product and resources
(Fig. 2). Let's describe the priorities of diagnostics:
1.
The market.
In business processes, it is
important to understand the capacity, growth and concentration of the market,
the sales forecast, the relative market share of business units and their ratio
to the leading competitor. The market can be high-growth, slowing (but
growing), stagnant and declining, as well as non-concentrated, moderately
concentrated and highly concentrated. A high-growth and non-concentrated
industry market is characterized by significant market strength, low entry
barriers, blurred boundaries of product segments, and higher profitability,
which together creates the best conditions for its development. Enterprises
with a sufficient resource base have a large variability of actions. The
probability of risk in such a market is significantly reduced, and the approach
of the relative market share to 1.0 (more than 0.75) indicates its sufficient
competitive strength of the product (enterprise), primarily in terms of costs.
It is important to assess the ratio of the dynamics of key indicators: the growth
rate of profit should outpace the growth rate of revenue, which in turn should
exceed the growth rate of costs (the «golden rule»). Even a small excess
(0.5-1.5%) indicates a high probability of economic growth and sufficient
manageability of the risk of a strategic gap.
Fig.
2. Priorities of strategic diagnostics (testing)
2.
Product.
The estimated indicators should disclose
the essence of the proposed product – the nature of use, technology,
parameters, applications, operating conditions, assortment.
3.
Resources.
A prerequisite for the implementation
of any strategy. The slowdown in business processes due to COVID-19 has shown
that the conclusion that the growth of business activity remains unchanged even
with favorable market conditions in the past is not always justified.
Diagnostics of the resource potential of the enterprise should be
multi-faceted, multi-level, carried out only on significant indicators, the
number of which is not limited.
The list of evaluated aspects for each direction is not final, it
can be supplemented, individual issues can be combined in a certain way,
corresponding to a combination of factors. The goal is to take into account the
requirements of scientific validity, maximum formalization, excluding errors,
clarity and accessibility, and the possibility of transformation when changing
organizational tasks [18].
The
above confirms our hypothesis and allows us to conclude that the quality and
efficiency of analytical work depends on the availability of specialized
software and a set of interface templates for preliminary testing. Modern
business intelligence systems are able to quickly accept and transform data
into key indicators and characteristics, which facilitates the construction of
hypotheses and forecasting, accelerates comparative assessments, and increases
the reliability of decisions. Templates for the transition from a monotonous
data flow to graphic forms that hold attention, preserve clarity of thought and
compress the «ocean of numbers, words, and ideas» are in demand and relevant [19].
Professional matrix research is extremely difficult, and time-consuming, but
additional visualization of procedures at the auxiliary stage helps to overcome
these difficulties and successfully cope with the «information explosion» [20].
The diagnostic test,
as a working tool, has advantages:
·
structures the dynamic flow of information;
·
supports matrix research, increases its reliability, forms a
vision, and helps formulate research hypotheses;
·
integrated into specific corporate business processes [21];
·
covers specific events and phenomena, indicators, takes into
account trends, external influences, includes measurement scales, etc.;
·
sets the sequence of mental operations based on the principle of
differentiated continuity, i.e. linking each group of factors with targeted
visualization techniques or visualization techniques;
·
adjusted according to the phases of the product life cycle,
customer segment, enterprise, industry economy, etc.
In the context of the
issue under consideration, it is appropriate to use:
– horizontal line graphs, comparison diagrams of probabilistic
processes («quantile - quantile»), curves of life cycles and seasonal
fluctuations, trends in commodity and currency markets, etc.;
– schemes, flowcharts, semantic networks that reflect the subject
area of the process of entering and market promotion of goods, for example,
within the framework of a state order or a portfolio of contracts. In the
context of the hypothesis under study, it can be represented as a scheme that
includes a certain combination of arrows, labels, signs, pointers, which helps
to activate and form a logical conclusion by analogy with the practice of
cognitive psychology (Fig. 3).
If
the process of accumulation and comprehension of knowledge in memory occurs
through a system of associative connections between concepts [22], then the
order of reasoning and drawing conclusions is set by signs, as easily perceived
by information carriers.
Fig. 3. Semantic
network – «monthly product delivery plan»
So, when the first
batch of goods in the amount of 1500 cubic meters is brought to the local water
market, the scheme can emphasize the planned indicators of free sales for
different groups of customers, specify the permissible volume of unrealized
goods.
– concept map templates, Gantt charts, network and control charts
help you assess the consequences of implementing the strategy and the prospects
for increasing profitability, achieving the desired ratio of profit, revenue
and cost dynamics;
– pie charts that can make data on the structure of the market clearly
visible, when the objective heterogeneity of consumers always preserves the
integrity of the customer base, which symbolizes the circle;
– radial (petal) diagrams allow you to quickly concentrate your
thoughts on a group of parameters, and it is convenient to cover a set of
interrelated indicators together. For example, to demonstrate the price levels
for groups of customers; to quickly fix the indicators of the state of the
market, to assess the readiness of the elements of the enterprise's potential
for the development and implementation of the market positioning program
(management, technology, personnel, financial, marketing, organizational,
information), comparing with the control map;
– tree-like (mosaic) and «treemap» type diagrams record the
minimum and maximum values of strategic indicators [23], set the search
direction for internal resource reserves and external opportunities, and use
color to focus on priorities;
– figure diagrams that combine the aesthetic appeal of the image,
the rationality and utility of digital signal transmission, helping the
specialist to concretize the arguments for choosing a solution at a glance,
taking into account the emotional orientation of the nature of the new product
(one of the features of environmentally significant strategies). Despite the
roughness, simplicity, primitiveness and conventionality of the image, it is
easy and fast to perceive the meaning of a homogeneous data flow when solving
applied management problems, for example, the distribution of consumers by
regional markets or other segments of the grouping (Fig. 4).
Fig. 4. Options
representation of
SMZ-indicators in
solving applied problems of strategic management
Visualization not only activates the visual system of the manager,
helping to identify images, but also allows you to formulate research
hypotheses in a reasoned way, to extract ideas from the target data array.
Success is largely determined by the ability of a software developer to
selectively select infographic techniques, taking into account the specifics of
industry production or regional (territorial) features of management. Templates
can reliably connect a wide range of criteria for evaluating the external and
internal environment, help to mentally organize information and thereby
overcome the limitations of the two-dimensional matrix [24]. A variety of
visual forms contributes to a deeper understanding of the situation, a more
objective, detailed and balanced choice of position.
In a rapidly changing competitive environment, uncertainty and
risks are growing, which explains why often scientifically proven strategies do
not produce the desired results in practice. The decision-making specialist is
faced with constantly updated data, and this increases the relevance of
supplementing the classical matrices with targeted adapted tests with a
detailed content basis and rationally embedded visual images. Matrix research
is a logical sequence of analytical operations that provide a complex process
of obtaining new knowledge about the market situation, about the competitive
position of the product being put on the market in coordination with the
behavior of competitors, about the composition of factors influencing the
choice of SMZ, about the centers of cost and profit formation (Fig. 5).
A test is developed and presented to justify the optimal strategic
choice in the course of a double matrix analysis (Fig. 6). The manager makes a
choice if he gets the highest number of «yes» answers.
Fig. 5. The
scheme of matrix visual research
TESTING ASPECTS
|
Type of visibility
|
Answer
|
YES
|
NO
|
1. MARKET
1.1. Market concentration index less than 45%
|
1
. Operational
information:
- illustration;
- formation of views;
- informing.
2.
Background
– Create an intensity background around a meaningful graphic
image
|
|
+
|
1.2. The share of the leading competitor does not exceed 15%
|
|
+
|
1.3. The relative market share is more than 0.7, i.e. very close
to 1.0 (the market share of the enterprise in relation to the leader)
|
|
+
|
1.3. The growth rate of the market capacity is higher than the
sales growth rate by 3-5%, there is an unsatisfied demand
|
+
|
|
1.4. Is it really possible to keep the share of the roar for 2-3
years
|
+
|
|
1.5. Is it realistic to increase the share of roar by 1% within
2-3 years
|
+
|
|
2. PRODUCT
2.1. Meets the industry quality standard
|
1.
Structural:
- structure analysis;
- dynamics comparison;
- comparison with the plan, norms, best values;
- designation of causes and effects;
- focus on forecasts;
- identification of gaps.
2.
Continuity
- the designation of key associative links
within the graphic image.
3.
Background
4.
Operationa
l
|
+
|
|
2.2. A satisfactory level of recognition (for loyal customers,
at least 20%)
|
+
|
|
2.3. The presence of a clear competitive advantage that
contributes to the retention/increase of market share
|
+
|
|
2.4. Availability of the possibility of obtaining a state order.
Complies
with federal national projects and regional development programs
|
+
|
|
2.5. High indicators of distribution of the company's goods in the market (effective distribution networks of goods)
|
|
+
|
2.6. Low seasonality of sales: monthly sales volumes are almost
the same (maximum attractiveness)
|
+
|
|
2.7. Flexible pricing policy
|
+
|
|
2.8. Successful sales techniques
|
|
+
|
3. RESOURCES
3.1. There are economies of scale in sales: when production is
doubled, unit variable costs are reduced by about 20%
|
1.
Distribution
system:
- increase the level of data availability;
- highlight the main item;
- enhanced perception;
- establishing a connection;
- quality of analysis;
- objectivity.
2.
Formalized:
- techniques for placing images and signs;
- focus on significant choice factors and decision aspects;
- external design.
3.
Operational
4
. Background
5
. Structural
|
|
|
+
|
|
3.2. The possibility of attracting investment (credit)
|
+
|
|
3.3. The level of progressiveness of production technologies
|
+
|
|
3.4. The level of progressiveness of production technologies
|
|
+
|
3.5. There is a resource for stimulating consumers
|
+
|
|
3.6. Dynamics of key cash flows - the growth rate of net profit
outpaces the growth rate of revenue, which in turn outpaces the growth rate
of costs
|
|
+
|
3.7. Availability of insurance and reserve funds: annual reserve
of 30% of net profit
|
|
+
|
3.8. The rate of return exceeds the rate of inflation and more
than doubles the bank interest on deposits
|
|
+
|
3.9. Risk readiness: availability of an insurance fund
|
+
|
|
TOTAL
|
-
|
+14
|
-
9
|
Fig.
6. Test for justifying the optimal strategic choice in the course of a double
matrix analysis of the market (compiled by the author)
The novelty of the
approach consists in the development of the technique of matrix research of the
market position of the product, based on modern tools and basic principles of
visualization: 1) the integrity of the graphic representation; 2) the
correspondence of the chosen metaphor to the problem being solved; 3) ensuring
the dynamism of the image. This makes the test non-static, capable of being
deployed and deepened as new knowledge and experience are accumulated. Embedded
graphic, formula, and digital elements make «an exhaustive picture of the
positions of strategic markers» [25], reflect the context, semantic
connections, and increase the readability and clarity of the text perception
[26]. What seems more important to us is not the illustrative function of
operational visualization, but rather the ability to identify strategic gaps
and their implications [27].
The peculiarity of matrix strategic analysis is manifested in the
need to comprehend a wide range of constantly updated source data obtained from
heterogeneous sources. The complexity and often inconsistency of the tasks to
be solved require a deep understanding of their subject area, and the intensive
growth of the array of figures, facts and arguments leads to the need to
overcome the excess of information. The solution to this problem is critically
important in the field of management and is seen in the possibility of
supplementing the classic market research matrices with special diagnostic
tests. Competent justification of the key areas of analysis and the choice of
criteria for evaluating events focus the specialist's attention directly on the
factors that determine the commercial success of the product promotion
strategy, reduce the amount of unnecessary work, minimize subjective judgments
and mistakes.
The rich class of graphical metaphors chosen for illustration
simplifies analytical actions and the resource costs of performing them. The
proposed technique of market research improves the theoretical apparatus of
matrix analysis of the strategic planning system by:
- detailing the
composition of operational information at the stage of preliminary analysis of
the subject area of the task by three priorities – market, product, resources;
- increasing the level
of analytical validity of the strategy by specifying the selection criteria at
the stage of discussing the classic strategic positions and choosing the option
with the best conditionality;
- use of perceptible
visualization techniques for individual entities and relationships, understanding
the patterns of cash flow balance formation in each possible strategic zone,
and fixing important facts in the field of view of a specialist.
Thanks to the development of interactive visualization tools,
additional testing gives matrix analysis a number of advantages over other
traditional strategic management methods. In particular, the accuracy of
medium-and long-term budgeting increases, as well as the consistency
coefficient of experts' work more than doubles, because they can set new research
guidelines by receiving intermediate search results, thereby increasing the
accuracy and objectivity of the result [5].
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