What are some alternative methods to the bubble chart strategy for assessing business opportunities?

While specific company examples are not provided in the content, bubble chart strategy is widely used in various industries for opportunity assessment. For instance, a multinational corporation might use it to evaluate potential markets. The size of the bubble could represent the potential profit or market size, while the position could indicate the company's current capabilities or market share in that region. This allows the company to prioritize opportunities and make strategic decisions. However, without specific context, it's hard to provide a real-world example.

Global companies like Apple and Google can utilize the bubble chart strategy to prioritize their opportunities by plotting each opportunity on the chart based on an assessment. This assessment can be made by creating a list of factors, each weighted by importance, and then rating each factor on a scale (for example, 1-5 or 1-10). The total score is then calculated. The larger the circle representing the opportunity on the bubble chart, the better suited the opportunity is, given the company's existing capabilities. This allows companies to visually see which opportunities should take priority and which may need to be divested.