The
Definition Of

Growth industry strategies

 Business strategies that may be more advantageous for firms participating in rapidly growing industries and markets .  At this stage, growth industries that emphasize brand recognition, product differentiation, and the financial resources to support both heavy marketing expenses and the effect of price competition on cash flow can be key strengths.

Share it:  Cite

More from this Section

  • Single-use plan
    A single-use plan is a one-time plan specifically designed to meet the needs of a unique ...
  • Democratic style
    Democratic style described a leader who involves employees in decision making, delegates ...
  • Decruitment
    Reducing an organization’s workforce, is called decruitment. ...
  • Leadership
    ...
  • Exporting
    Exporting refers to enter a foreign market by selling goods produced in the company’s ...