Circular Diagram

This circular diagram sample was created on the base of the figure from the Florence-Darlington Technical College website. [bus.fdtc.edu/ sbed/ core/ core7.html]
"A marketing plan may be part of an overall business plan. Solid marketing strategy is the foundation of a well-written marketing plan. While a marketing plan contains a list of actions, a marketing plan without a sound strategic foundation is of little use. ...
A marketing plan for a small business typically includes Small Business Administration Description of competitors, including the level of demand for the product or service and the strengths and weaknesses of competitors:
(1) Description of the product or service, including special features.
(2) Marketing budget, including the advertising and promotional plan.
(3) Description of the business location, including advantages and disadvantages for marketing.
(4) Pricing strategy.
(5) Market Segmentation." [Marketing plan. Wikipedia]
The circular diagram example "Marketing plan" was created using the ConceptDraw PRO diagramming and vector drawing software extended with the Target and Circular Diagrams solution from the Marketing area of ConceptDraw Solution Park.
www.conceptdraw.com/ solution-park/ marketing-target-and-circular-diagrams

This circular arrows diagram sample depicts the Plan–Do–Check–Act cycle.
"PDCA (plan–do–check–act or plan–do–check–adjust) is an iterative four-step management method used in business for the control and continuous improvement of processes and products. It is also known as the Deming circle/ cycle/ wheel, Shewhart cycle, control circle/ cycle, or plan–do–study–act (PDSA). Another version of this PDCA cycle is OPDCA. The added "O" stands for observation or as some versions say "Grasp the current condition." This emphasis on observation and current condition has currency with Lean manufacturing/ Toyota Production System literature." [PDCA. Wikipedia]
The diagram example "PDCA cycle" was created using the ConceptDraw PRO diagramming and vector drawing software extended with the Circular Arrows Diagrams solution from the area "What is a Diagram" of ConceptDraw Solution Park.

This hexagon diagram sample was redesigned from the Wikipedia file: Virtuous circle in macroeconomics.svg. "An example of the use of a virtuous circle in macroeconomics."
[en.wikipedia.org/ wiki/ File:Virtuous_ circle_ in_ macroeconomics.svg]
"A virtuous circle and a vicious circle (also referred to as virtuous cycle and vicious cycle) are economic terms. They refer to a complex chain of events that reinforces itself through a feedback loop. A virtuous circle has favorable results, while a vicious circle has detrimental results.
Both circles are complexes of events with no tendency towards equilibrium (at least in the short run). Both systems of events have feedback loops in which each iteration of the cycle reinforces the previous one (positive feedback). These cycles will continue in the direction of their momentum until an external factor intervenes and breaks the cycle. The prefix "hyper-" is sometimes used to describe these cycles if they are extreme. The best-known example of a vicious circle is hyperinflation. ...
Example in macroeconomics.
Virtuous circle.
Economic growth can be seen as a virtuous circle. It might start with an exogenous factor such as technological innovation. As people get familiar with the new technology, there could be learning curve effects and economies of scale. This could lead to reduced costs and improved production efficiencies. In a competitive market structure, this will probably result in lower average prices or a decrease in employment as it takes fewer workers to produce the same output. As prices decrease, consumption could increase and aggregate output also. Increased levels of output lead to more learning and scale effects and a new cycle starts."
[en.wikipedia.org/ wiki/ Virtuous_ circle_ and_ vicious_ circle]
The crystal diagram example "Virtuous circle (macroeconomics)" was created using the ConceptDraw PRO diagramming and vector drawing software extended with the Target and Circular Diagrams solution from the Marketing area of ConceptDraw Solution Park.
www.conceptdraw.com/ solution-park/ marketing-target-and-circular-diagrams

This circle diagram sample was redesigned from the Wikimedia Commons file: Research cycle.png. "Some of the basic elements of the scientific method, arranged in a cycle to emphasize that it is an iterative process." [commons.wikimedia.org/ wiki/ File:Research_ cycle.png]
This file is licensed under the Creative Commons Attribution 2.0 Generic license. [creativecommons.org/ licenses/ by/ 2.0/ deed.en]
"The scientific method is a body of techniques for investigating phenomena, acquiring new knowledge, or correcting and integrating previous knowledge. To be termed scientific, a method of inquiry must be based on empirical and measurable evidence subject to specific principles of reasoning. ...
Four essential elements of the scientific method are iterations, recursions, interleavings, or orderings of the following:
(1) Characterizations (observations, definitions, and measurements of the subject of inquiry).
(2) Hypotheses (theoretical, hypothetical explanations of observations and measurements of the subject).
(3) Predictions (reasoning including logical deduction from the hypothesis or theory).
(4) Experiments (tests of all of the above)...
A linearized, pragmatic scheme of the four points above is sometimes offered as a guideline for proceeding:
(1) Define a question.
(2) Gather information and resources (observe).
(3) Form an explanatory hypothesis.
(4) Test the hypothesis by performing an experiment and collecting data in a reproducible manner.
(5) Analyze the data.
(6) Interpret the data and draw conclusions that serve as a starting point for new hypothesis.
(7) Publish results.
(8) Retest (frequently done by other scientists).
The iterative cycle inherent in this step-by-step method goes from point 3 to 6 back to 3 again." [Scientific method. Wikipedia]
The circle diagram example "Research cycle" was created using the ConceptDraw PRO diagramming and vector drawing software extended with the Target and Circular Diagrams solution from the Marketing area of ConceptDraw Solution Park.
www.conceptdraw.com/ solution-park/ marketing-target-and-circular-diagrams