The following points highlight the seven major growth strategies that are listed below which are relevant in the early stage of potential- development. 1. Hold relative position in high-growth products/markets: The growth associated with this strategy is directly attributable to the growth in demand for the product/service being produced by the firm. The funds necessary to support the growth typically [...]
The following fourteen key elements that vitally affect the master strategy of a firm need redefinition and/or redesign:- 1. New Markets or Services 2. Predicting Future Demand 3. Supply Related to Demand 4. Climate of Industry 5. Crucial Factors 6. Position in Market 7. Service Abilities 8. Finance and Management 9. Combination of Services 10. Adding to Capabilities 11. Vertical [...]
Read this article to learn about the difference between BCG matrix and DP matrix. Difference between BCG Matrix and DP Matrix 1. BCG matrix considers market/industry growth rate (that is, only one variable) whereas DPM considers number of variables. 2. BCG matrix is concerned with relative competitive position (which is usually expressed as a business's market share divided by the [...]