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Growth Strategy
A growth strategy is a plan that enables an SMB to achieve its expansion goals. An enterprise can plan for future events and challenges that might impede growth and develop techniques for expansion.
What Small and Midsize Businesses Need to Know About Growth Strategy
An SMB can create a growth strategy by examining current market trends, analyzing the competition, and executing market research to learn what customers want from its products and services.
Related terms
- PDM (Product Data Management)
- Project Management
- Gain Sharing
- Small and Midsize Business (SMB)
- Business Process Automation (BPA)
- Human Capital Management (HCM)
- Best Practice
- Business Process Management (BPM)
- Business Impact Analysis (BIA)
- Track And Trace
- Digital Business Transformation
- Bimodal
- Span of Control
- Solution
- Business Process Re-engineering (BPR)
- Enterprise Solutions
- Growth Strategy
- Project Management Office (PMO)
- Business Process Outsourcing (BPO)
- Line Of Business
