Know about Assessing Growth Opportunities in Detail from Experts at Myhomeworkhelp.com
Every company expects its managers to assess the growth prospects of the company in advance, so that it can stay at the forefront in the market. But this is not an easy task. There are several factors which need to be considered while determining the growth opportunities of a company. Our Assessing Growth Opportunities homework help enables you to understand each factor easily. Myhomeworkhelp.com has a group of experienced professional who can explain you how do various companies assess their growth prospects.
About Assessing Growth Opportunities
To assess growth opportunities one needs to plan new businesses, business downsizing if required, or even closing down older businesses.
In order to maximize its sales and profits, a company can choose one of the options such as intensive growth, integrative growth, and diversification growth. These growth opportunities are also the important parts of this topic.
Marketing students usually receive case study based assignments. To solve case studies, it is very important for them to have a thorough knowledge of the various growth options. While solving the assignments, they have to choose the correct growth option depending on the given scenario.
Our Assessing Growth Opportunities homework help aims to develop the skill of assessing growth opportunities among the students.
What is intensive growth?
It is the first phase in assessing growth prospect of a company. In this phase, existing opportunities are reviewed to enhance the existing business. The new intensive opportunities are identified through “product-market expansion grid”. In a case of intensive growth, a company has to consider multiple measures to judge the market conditions and win maximum market share. The company also has to consider if it could build a new market for the existing product by implementing Market Development Strategy.
What is integrative growth?
In this method, a company basically studies its sales and profits through forward and backward integration within the industry. To assess the growth prospects of a company through integrative growth option, all the divisions of a company work equally in the right sector for betterment in the near future.
What is diversification growth?
In this case, a company analyzes the good opportunities of other companies. Diversification strategy is for expanding the operations by adding new markets, products, and services. The strategy mainly aims to enable a company to try different lines of business other than existing operations.
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