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An organization's systematically planned aim of achieving larger market share, achieving increased productivity, achieving profitability etc.,
A strategy based on investing in companies and sectors which are growing faster than their peers. The benefits are usually in the form of capital gains rather than dividends.
Growth with diversification in products/exploring new horizons and markets/increase the level of production in tandem with the growing demands and the economy multiplying with new business opportunities.
Agreed with all given answers.
Growth and expansion strategies:
In general, the growth helps to achieve many of the benefits of the organization including:
- Greater results.
- A stronger position for the organization.
- The status and reputation of the best managers of the organization.
- Enjoy the influence of large size.
- The possibility of control and success in the long term.
- Take advantage of the differences between the various members of the advocacy community and energies.
- Take advantage of geographical differences.
- Make the most of the information regarding the various units, factories, and other products.
This can be done through several growth strategies, and in the following manner:
2/1 focus strategy:
These strategies and indicate the potential of the organization to focus on a specific area specialize in it, such as education or calling factions etc. .. etc. This is in fact not only be suspended and then things go back to moderation
It's a strategy for business development and profit enhancement .
Many ways for guiding business growth such us
Market penetration, market development, product development, new product fo new customes, diversification,...
Strategy aimed at winning larger market share, even at the expense of short-term earnings. Four broad growth strategies are diversification, product development, market penetration, and market development.
Thanks for the invitation
Agreed with both answers given by
Mr.:Patel & Mr.:Assi as well too
A growth strategy entails introducing new products or adding new features to existing products. Sometimes, a small company may be forced to modify or increase its product line to keep up with competitors. Otherwise, customers may start using the new technology of a competitive company. For example, cell phone companies are constantly adding new features or discovering new technology. Cell phone companies that do not keep up with consumer demand will not stay in business very long.
A small company may also adopt a growth strategy by finding a new market for its products. Sometimes, companies find new markets for their products by accident. For example, a small consumer soap manufacturer may discover through marketing research that industrial workers like its products. Hence, in addition to selling soap in retail stores, the company could package the soap in larger containers for factory and plant workers.
Growth strategy is a group of sub strategies where a business implements different continuous strategies or a lot of strategies aims solely to grow its business/goodwill in the market.
Thank you for the invitation Mr./ Vinod
Growth Strategy
Strategy aimed at winning larger sales volume & market share.
WELL ADD ANSWER BY ALL THE PEOPLE.
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