BCG Growth Share Matrix

The growth share matrix, developed by the Boston Consulting Group, helps companies evaluate their business units based on market share and growth rate. It categorizes units into four quadrants: stars, question marks, cash cows, and dogs. Stars have high growth and market share, question marks have high growth but low market share, cash cows have high market share but low growth, and dogs have low growth and market share. This matrix aids in strategic decision-making regarding investment and divestment.

Explain the characteristics of 'cash cows' as described in the growth share matrix.

What actions might a company take regarding 'dogs' in the growth share matrix?