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What Are The Two Major Ways In Which A Company Can Grow

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BUS 2207 Multinaltional Management Case Study: Growing a Company by International Acquisition 1. Describe two major ways in which a company can grow. Give examples to illustrate the two ways of growing: The first major way in which a company can grow is innovation and taking risks. Innovative processes will help the company in which a company can grow because the innovative processes of company are able to create new markets. The example of the innovative processes of a company is introduction of new products or services because it can be the process of the existing market collapse. Also, innovative processes will be with taking risks. A company must take the risks when they do innovative processes because it is no wonder that businesses should bear a greater risk for greater profits. On the other hand, it is difficult to find the momentum of growth by preventing change and creating new opportunities when companies are avoiding risks. The second major way in which a company can grow is proactive and competitive positiveness. Companies must find niche market to take opportunities faster than competitors proactively for growing company. The examples of this are introduction of new products, services, or brand earlier than competitors. Also, companies do action to remove the products and services in which are maturity or decline of life cycle strategically. 2. Businesses grow when they have the resources to expand and opportunities exist for

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