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Business Strategies Important For Growth

killeenchamber
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Business Strategies Important For Growth

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  1. Business Strategies Important for Growth An effective business strategy serves as a blueprint for the different aspects of running your business. Business Strategies Important for Growth 2 1 Market Disruption Market Penetration Identifyingnewmarkets thatwouldbeagoodfit forcurrentproducts andservices. Itinvolvesenteringawell- establishedindustrythatis usuallydominatedbyafew legacybrandsandproceeding todothingsdifferentlylike launchinganewbusiness model. 3 Product Diversification Developingnewproductsoraddingnew featurestoexistingonestotargetnew audienceswhoweren’tinterestedinyour brandbefore. 4 5 New Distribution Channels Strategic Partnerships Exploringnewchannels suchasEcommerceto propelrevenuegrowth withoutanyproduct changes. Partnershipshelpin reachingouttothe audiencedemographicof thepartnerbrand. Greater Killeen Chamber of Commerce www.killeenchamber.com One Santa Fe Plaza Drive PO Box 548 Killeen, TX 76541 Phone: (254) 526 - 9551

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