Expanding The Business

Expanding the Business Strategies for Business Expansion Organic Growth: the gradual, innate(p) expansion of the business. This may be achieved using the following strategies: subjoin Sales by making improvements to both pricing and market strategies and to the product itself. Despite being the third mobile think company to enter the Irish market, Meteor succeeded in capturing a large chunk of the market using a sagacity pricing strategy reinforced by a ample advertising campaign Exporting: a business sess grow by selling its product to different countries eccentric: Launched in 1974, Baileys grew rapidly by exporting every last(predicate) over the world. Today it is sold in over one hundred thirty countries worldwide and is the worlds best selling liquer. Franchising: The real owner grants permission to other entrepreneurs (franchisees) to copy his idea merely and set up an identical business to his, in deteriorate for a fee. Example: OBriens Sandwich Bars, half masks Pizza. Inorganic Growth: the quick expansion of a business achieved by merging with, taking over or forming a strategic alliance with another business. This may be achieved using the following business strategies: 1.



Strategic Alliance (also fit venture): an agreement between two or more businesses to kitty-cat resources and/or expertise to work together over a specified period of time or to complete a specified project, while all parties maintain their separate identities. The partners protect from the sharing of: complementary expertise/skills business networks increased resources etc. Example: The TCD / UCD Innovation Alliance is a partnership which volition work with the education sector, the State and its agencies and the business and venture large(p) communities to develop a world-class ecosystem for innovation that will look at enterprise development and the creation of sustainable high value jobs. (http://www.ucd.ie/news/2009/03FEB09/110309_inn ovation.html)



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