Growing A Company Describe two major ways in which a company can grow. Give examples to illustrate the two ways of growing. Introduction When companies are experiencing success, they want to grow so they can continue succeeding. The larger they get, the more profit they will be able to achieve. Sometimes, this is hard to do for just the company alone, and they may need some help.
Adidas group owns brands like Adidas, Reebok, TaylorMade (Adidas Group Website). The strong trademark image of Adidas has increased its trademark loyalty which sequentially has led to increase in earnings. It is the trademark status which has assisted Adidas to be the market leader in scrutinizingly every part of the world. Adidas brands are popular all over the world. Adidas sustained the top position in Europe till date.
Home Depot is the world’s largest home-improvement retail chain. For the fiscal 2014 third quarter, the company has reported sales of $20.5 billion, a 5.4 percent increase from the third quarter of fiscal 2013 (The Home, 2014). Performance levels for third quarter sales increased by 5.2 percent, and comp sales for its U.S. stores increased by 5.8 percent. Along with these increases came positive increases in diluted share and diluted earnings. According to Craig Menear, Chief Executive Officer and president, “During the quarter we saw strong performance across all geographies led by growth in transactions and continued strength in the core of the store” (The Home, 2014).
Inorganic growth is seen often as a faster way for a company to grow when compared with organic growth. Microsoft is a clear case of inorganic growth because they have successfully completed more than 100 mergers since 1986. Organic growth is when a company grows by increasing the turnover of the existing businesses. A business can grow in size through Internal growth by hiring more staff and equipment to increase its output, External growth in which a business merges with or takes over another organization. Apple Inc. is probably an excellent example of Organic Growth.
Moet et Chandon and Hennessy were the leading manufacturers of champagne and brandy. The merger resulted in an increase in profits for Louis Vuitton of 49% in the first year. Product lines The brand bases its reputation on its “savoir faire” and its high quality products. Louis Vuitton also enjoys a strong brand identity with the Canvas Damier Pattern as well as the logo and the monogram which were created in order to make the the brand recognizable from its competitors. Nowadays, Louis Vuitton owned plenty of shops worldwide.
China was connected to Europe through what was called the Silk Road Trades. If one looks at it from the capitalistic point of view, much good has emerged from globalization, as trade has increased tremendously since the 1950 's, largely due to technological development and the introduction of new policies. 2. Is it good, bad, or inevitable? Globalization has both it 's good, or largely beneficial, and bad points, but it is also inevitable.
Furthermore, even if a product fails to sell in one country, it might suit the preferences of customers in another country. Competitive pricing: The products of Nestle are priced in a way that it can be bought by most income groups. This gives it a competitive advantage over some of its competitors since Nestle can easily gain consumers with their pricing. Global recognition: Nestle has been operating since more than 150 years and is well known throughout most of the world. This increases the brand value of Nestle and naturally gives it more loyal consumers than others.
Revenue have grown at a rate of 25 per cent from 2010 to 2014-15, outpacing several competitors in the same industry. All of this has been done because of the company’s capacity expansions and its acquisitions. Also, it has captured 51 per cent stake in a company in Andhra Pradesh and also acquired stake in many other small and unbranded tiles companies. In the coming years, if demand grows due to rate cuts and other policies and consumer sentiment and satisfaction turns positive, Kajaria’s market growth will increase continuously.
As retailing developed over the years the society had benefits and advantages in both aspects economically and socially. it is considered to have a very high importance as an industry and always attractively growing around the world, and it have certain rules and stages in its universal system. According to the most recent estimate, retailing generates $966 billion a year, or 5.7% of U.S. Gross Domestic Product (GDP). That's nearly double the housing industry.
It is expected to sum another 1,50,000 jobs in the coming fiscal year according to NASSCOM. The phenomenal success of Indian IT- ITeS industry can be contributed to the favourable government policies, healthy growth of related industry and competitive environment prevalent in the industry. The interplay of these forces has led to putting the industry on the global map .The IT industry has not only transformed Indian image globally , but it has also exercised economic growth by increasing the higher education sector. The applications of IT are unmatched in current world. It has employed almost to 10 million Indians and hence, has contributing a lot to social transformation in the country.