Various Risks Associated With Corporations Aiming Or Trying To Grow Case Study
There are various risks associated with corporations aiming or trying to grow. Brunching into a new market or a different country hat its own risks which any company aiming to do so needs to assess effectively before they make the decision. In this assignment I am going to answer the questions given.
Describe two major ways in which a company can grow. Give examples to illustrate the two ways of growing.
Every company if not all, aims to grow. The purpose of the growing is to be able to compete effectively in their market and also to increase in revenue and as result derive more profit. There are various ways a business can grow.
1. Becoming a multinational: this means the company expands their territories from their home country into …show more content…
Introducing new products to a new or existing marketing: Many organisations as time goes on takes the change to develop new products and introduce them to their market or try to extend to other markets. Large supermarkets chains which used to deal in consumable products have now brunched into different markets like clothing, technology and insurance. Taking the chance to attract more customers for a business is another way for any corporations to grow and to expand their market share. The growth of a business is termed by how much market share they generate, how much profit they make. Selling more products or service to wider is usually a good way for any business to grow and stay in the market. They have to make sure they target the right audience with ten right product at the right time.
Businesses grow when they have the resources to expand and opportunities exist for growth. Explain how the acquisition of Berendsen provided such a good opportunity for the Davis Service Group. With Barendsen being a market leader in the production of textiles in different European countries, it was a good acquisition for Davis Group to buy into their success and base on that to build their company instead of starting a new company afresh. This means Davis Group was able to take over Brenden’s market base and operate on …show more content…
What factors might encourage or discourage this choice? Asia is seen as the destination to be at the moment since that part of the world is embracing technology and growing very rapidly. One particular nation which I will encourage a company to expand to is Dubai. Dubai has gradually gained the reputation for the place to be and as a result, attracting a lot of investors as well as tourists. Making sales or targeting a large number of audience from different backgrounds is the best thing for most businesses and with the level of tourism taking place in Dubai, itis the best place to target audience for a product of
Describe two major ways in which a company can grow. Give examples to illustrate the two ways of growing.
Every company if not all, aims to grow. The purpose of the growing is to be able to compete effectively in their market and also to increase in revenue and as result derive more profit. There are various ways a business can grow.
1. Becoming a multinational: this means the company expands their territories from their home country into …show more content…
Introducing new products to a new or existing marketing: Many organisations as time goes on takes the change to develop new products and introduce them to their market or try to extend to other markets. Large supermarkets chains which used to deal in consumable products have now brunched into different markets like clothing, technology and insurance. Taking the chance to attract more customers for a business is another way for any corporations to grow and to expand their market share. The growth of a business is termed by how much market share they generate, how much profit they make. Selling more products or service to wider is usually a good way for any business to grow and stay in the market. They have to make sure they target the right audience with ten right product at the right time.
Businesses grow when they have the resources to expand and opportunities exist for growth. Explain how the acquisition of Berendsen provided such a good opportunity for the Davis Service Group. With Barendsen being a market leader in the production of textiles in different European countries, it was a good acquisition for Davis Group to buy into their success and base on that to build their company instead of starting a new company afresh. This means Davis Group was able to take over Brenden’s market base and operate on …show more content…
What factors might encourage or discourage this choice? Asia is seen as the destination to be at the moment since that part of the world is embracing technology and growing very rapidly. One particular nation which I will encourage a company to expand to is Dubai. Dubai has gradually gained the reputation for the place to be and as a result, attracting a lot of investors as well as tourists. Making sales or targeting a large number of audience from different backgrounds is the best thing for most businesses and with the level of tourism taking place in Dubai, itis the best place to target audience for a product of