As the new financial year is approaching for many organisations, companies must have planned new ways to grow and to make next year better than this financial year. To support their journey of growth, we have come up with an interesting article on Commandments of Growth.
In ever changing market, companies cannot rely on only one growth strategy. They need to expand in many areas and need to identify which all opportunities are available for growth. Companies can find growth along five dimensions, ranging from the most basic to the most challenging. These dimensions can either be the same as those in a company’s existing practices, or reflect new and different parameters. Five Dimensions are Customers, Geographies, Products, Capabilities and Culture. By proper analysis of these dimensions, companies can create better growth opportunities.
If you want your company to grow faster, obey these five commandments:
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