Growth is a prerequisite tool for any business to survive. The strategic year-on-year growth requires different forces working together, taking informed and calculated risks and cherishing every failure with grace and being UNSTOPPABLE.
Studies showed that less than 50% of the start-ups fail to see their fifth anniversary and less than one-third accomplish the benchmark of a decade striving and thriving in the industry. Industries may vary but with given SWOT analysis numbers remain almost consistent.
In simple words, Growth strategy allows businesses to expand across time. Every organisation has a different vision and understanding on how to plan a series of actions that allows them to achieve a higher level of market share than the present one.
When it comes to building a growth strategy, we first need to take a step back to look at the bigger picture and identify what the larger strategic sources of growth are before we start implementing our tactics. Broadly, there are typically 4 types of strategies that contribute to a growth strategy. Either or all of them could work out for any business :
Developing a growth strategy isn’t a one-size-fits-all process. In fact, due to uncertain market conditions, making strategic decisions based on someone else’s successes would be foolish. One needs to adapt the plan to smooth out their business’s inefficiencies, refine its strengths and better suit the customers.
Clicknurture.com is an all-in-one platform which guides you to successfully engage the visitors, lead them to conversions and analyses the results for future marketing strategies. It provides unlimited Push Notifications, smart and customised Chat Bots, Social Proofs, Online Surveys, Heat Maps, Landing Page, Customer Journey Builder, Segmentation, Live Visitor Tracking and many more. The amalgamation of different features of Clicknurture.com guarantees the lowering of sales costs, multiplication of sales figures and maximum conversion rate.
13 July 2020