The below table lists key business strategy frameworks used by MBA schools and top consulting companies. The models listed below are Porters Five forces, Entry/Exit barriers, industry lifecycle, maturity-competitive position matrix, completive landscape, McKinsey 7s, value chain, value drivers, 5-C Situation analysis, BCG growth-share matrix. The table also provides an explanation of what each of these strategy frameworks is used for.
Business model vs. business strategy – what is the difference. Business model is about value creation and how it will be captured by the company. Strategy is about building a sustainable competitive advantage, delivering value to shareholders. The below diagram lists some of the key differences between business model and business strategy.