Strengths We are able to respond very quickly as we have no red tape, and no need for higher management approval. We are able to give really good customer care, as the current small amount of work means we have plenty of time to devote to customers. Our lead consultant has a strong reputation in the market.
For example, a retail business may have a high sales volume, but narrow margins on stock. In general, a combination of sales and profits is the balanced way of measuring growth. Going for growth may therefore begin with consolidation of your current markets.
For more information, see the page in this guide on how to consolidate your existing performance. To devise a successful growth strategy, you need to know exactly what shape your business is in now. See our guide on how to review your business performance.
This will help you to ensure your business is properly structured and resourced to make the growth strategy you choose a viable option. While you may be spending more time and resources on developing the business, you need to be sure that the core of the business is still performing well.
See our guide on how to identify and sell more to your most valuable customers. Timing is critical to the success of any growth strategy. Answers to the following key questions will help you judge if the time is right: Could your business cope with expansion, or is it working at full capacity?
Do you have the resources and systems in place to carry on your existing business while targeting expansion elsewhere? You may have to consider including additional staffing, refining production processes and equipment or outsourcing certain tasks in order to give you the flexibility to pursue a growth strategy.
Achieving this requires a thorough understanding of both your own customer base and that of rival businesses.
Having the answers to the following questions will help you build a comprehensive picture of your market and your competitors and put you in a stronger position to win a bigger market share. Who are your existing customers? Can your product or service be used for purposes that you had not previously considered and that could make it appealing to a wider market?
Do you have these too? If not, why not - and should you have them? Why do customers buy from your competitors?
What advantages do you have over your rivals that may attract their customers? What is your unique selling point? Apart from obvious rivals, are there any other businesses with customers your product or service may appeal to?
Are there customers who have stopped buying from you? Do you know why? If not, you may want to ask them. Will you need to change pricing, marketing, distribution, service levels?
Could those changes upset current customers? Will your employees remain motivated?BibMe Free Bibliography & Citation Maker - MLA, APA, Chicago, Harvard.
A wonderful idea and a project with a future. And it's a very good example to show that almost every project requires additional funding capabilities. Synopsis Canadean's "Crown Confectionery Co., Ltd.: Consumer Packaged Goods - Company Profile, SWOT & Financial Analysis" contains in depth information and data about the .
Melco Crown (MPEL) SWOT Analysis Profile Melco Crown Entertainment Ltd., develops, owns, and operates casino gaming and entertainment facilities through its subsidiary MPBL Gaming. Melco Crown Entertainment operates primarily in the Macau market, and is one of only six companies licensed to operate gaming facilities in that area.
South Africa. Country information.
South Africa is a middle-income emerging economy, rich in natural resources, with well developed financial, energy, communications and transport sectors. Crown Holdings, Inc. - Strategy and SWOT Report offers a comprehensive analysis of the corporate growth activities of the organization in order to sustain its competitive advantage.
It delivers a detailed strategic analysis of the company's business, examining .