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Describe the four basic growth strategies for companies using the Strategic Opportunity Matrix.
Provide examples of each strategy.
Step by step
Solved in 5 steps
- Describe the method of a Ansoff’s Strategic Opportunity Matrix?1. Identity five elements that are important in assessing and comparing the attractiveness of alternative business opportunities in terms of their market potential.2. identify three elements that are important in assessing and comparing the attractiveness of 'alternative business opportunities in terms of their financial viability.1. Identify the different sources of business opportunities. Cite an example for each sources of business opportunities that will meet the needs of the market.
- Describe the four business growth strategies: marketpenetration, product development, market development, and diversification.What is market segmentation of a business plan?In your outlook, which do you think is the most effective among the (4) strategies of market targeting? Explain why? Which do you think among the four will become profitable in gaining a successful business outcome considering with enough resources?
- Describe Michael Porter’s competitive forces and strategies and the three main strategies companies can apply to gain a competitive edge within their particular business environment.Strategic planning emphasizes the importance of a marketing role that works effectively for their partners. Describe the statement and create a scenario in terms of success and failure in the company.What is the optimal business model for rapid growth?
- As would-be Entrepreneur, write down 3 career opportunities which attract you most. Indicate ehat competencies you need to enhance in order to become successful in these opportunitiesWhy will we assess any business model, and how will we view our business solution that will deliver actionable business insights?Define COMPETITIVE INTELLIGENCE