There are a wide-variety of sense-making tools and models that have been developed over the years. Many originated in consulting organisations, whilst otheres are derived from work in academia. Just as microscopes and scanners help us understand the real world, these tools help us to understand the often chaotic and complex worlds of business and industry, However, there is a very apt warning provided by the British statistician George E.P. Box, who stated that “All models are wrong, but some are useful”. The following are some examples of tools and models ranging from large scale models to those which address more detail at
- SWOT and PESTLE analysis.
- Porter’s generic strategies.
- Porter’s 5 forces model.
- Boston Consulting Group matrix.
- Ward & Peppard’s Application Portfolio.
- Value Chain analysis (Value shop & Value Network)
- Organisatioal Objectives and Key Results (OKRs)
- Balanced ScoreCard
- Cynefin
- Value Stream Mapping