The answer is True. Many companies have dropped formal strategic planning models like the bcg because they can be difficult, time consuming, and costly to implement.
The term BCG is an abbreviation for Boston Consulting Group. The BCG matrix tool is a decision making tool and decision making is an important part of planning. The bcg shows the companies products and services in a graphical way for easier visualization.
The tool helps in deciding which what the company should invest more in, sell or just keep. the tool is of effective use however many companies have dropped formal strategic planning models like the bcg because they can be difficult, time consuming, and costly to implement.
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