Incredible Business Growth Strategies https://consult4sales.com/
The proven and incredible business growth strategy in the present day business world is ‘The Ansoff Matrix’ designed with ‘Four Quadrants’. Market Penetration Product Development Market Development Diversification
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Market Penetration Penetrating the existing market with the existing product· Expanding sales of your product through innovative techniques in the same market· Best example is the Shakti Project introduced by Hindustan Lever
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Product Development Introducing new products in the existing product market· You tend to choose a product that can fall in line with existing business portfolio· Best example is the introduction of Atta Maggi by the leading noodle brand Maggi
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Market Development Introducing the existing product in an entirely new business market· Push the sale boundaries of the product by introducing new features and functions· Best example is the sale of Xiomi Televisions through mobile shops
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Diversification Capitalizing a completely new product to venture into a completely new market· Strategy can be backward and forward diversification depending on your business goals· Best example is Mahindra & Mahindra diversifying its business into various industry verticals
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Analyze Deeply and Think Wisely Before You Choose Your Business Growth Strategy!!
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Thank You Presented by Mr. Sanjay Singh, Sales Coach
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