Asked by Aleena Kazmi on Sep 28, 2024
According to Chris Zook,a firm can reduce the risks associated with any growth strategy by ________.
A) conducting extensive market research
B) eliminating value-chain activities
C) focusing only on B2B customers
D) building from core strengths
Risks Associated
Potential challenges or uncertainties that could negatively impact an organization or project.
Growth Strategy
Plans of action that businesses use to expand their operations and increase their market share and profitability.
Conducting Market Research
An approach to compile, examine, and deduce insights concerning a marketplace, inclusive of information on potential clients and competition.
- Appreciate the differences in strategies for expansion, including market penetration, market development, product development, and diversification.
- Learn how firms can mitigate risks associated with growth strategies.
Learning Objectives
- Appreciate the differences in strategies for expansion, including market penetration, market development, product development, and diversification.
- Learn how firms can mitigate risks associated with growth strategies.
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