A Business Framework is a structured approach that helps organizations plan, execute, and evaluate their strategies and operations. It provides a clear set of guidelines and principles that can be applied to various aspects of a business, such as marketing, finance, and human resources. By using a framework, companies can ensure consistency and alignment in their decision-making processes.
These frameworks often include models and tools that assist in analyzing performance and identifying areas for improvement. Common examples include the SWOT analysis, which evaluates strengths, weaknesses, opportunities, and threats, and the Balanced Scorecard, which measures organizational performance across multiple perspectives.