Describe all the factors that influence the decision to grow a company. Describe the growth stages....

Describe all the factors that influence the decision to grow a company. Describe the growth stages. Which are the domains that need to be managed in order to achieve growth? Explain each one.

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Expert Solution

All the factors that will influence the decision to grow a company are as follows-

A. Ability of the company in order to generate a higher amount of profits by expansion.

B. Increase in the cost related to the operations of the company due to expansion.

C. Increase in the overall number of workforce when going for an expansion of the business.

Growth stages could be as follows-

A. There could be introduction of a particular product. it is the initial stage of any business.

B.next stage is growth stage of any business and it is related to taking aggressive steps in order to expand the business.

C. Subsequent stage is maturity stage of any business and this is related to to acquiring a large amount of market share and retaining that market share

D.last stage of any product life cycle would be decline stage and a business will be trying to maintain the salvage value of its products.

There are various elements which are needed to be managed like-

A. Production capability of the organisation needed to be managed properly

B. Distribution probability of the management are also needed to be managed

C. Sales and marketing department should be also using their best capability to manage the business

D. There should be special focus on customer usatisfaction

jeff jeffy answered 1 year ago

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