Truth 51. Strategies for growth

The practical side of growth is the actual strategies that businesses employ to grow their organizations. It’s helpful for business owners to be acquainted with the breadth of growth-related strategies that are available so they can select the strategy or strategies that make the most sense at a certain point in time in light of their individual situations.

The strategies for growth are divided into internal growth strategies and external growth strategies.

Internal growth strategies

Internal growth strategies involve efforts taken within the business, such as new product development, other product-related strategies, and international expansion. Almost all businesses start by featuring internal ...

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