The BCG Matrix, or Boston Consulting Group Matrix, is a strategic management tool that classifies a company's products or business units based on their market share and growth rate. It consists of four quadrants: Stars (high market share, high growth), Cash Cows (high market share, low growth), Question Marks (low market share, high growth), and Dogs (low market share, low growth). The matrix helps businesses allocate resources strategically, prioritize investments, and manage their product or business portfolio effectively.
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