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Growth Strategies
Plans and initiatives aimed at expanding the client�s business and deepening the relationship, including a vision for the client�s technology and business processes.
Implications
Plans and actions designed to increase a company�s market share, revenue, or profitability, often involving new product development, market expansion, diversification, or strategic partnerships.
Example
Example: A consumer goods company adopts a growth strategy focused on launching new product lines and entering untapped international markets, aiming to increase its global market share.
Related Terms
Different from growth drivers, which are inherent factors that contribute to growth, growth strategies are the deliberate actions taken to achieve expansion and increased profitability.
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