Growth Flashcards
1
Q
What are some benefits of organic growth
A
Build strong stable foundation-creates loyal customers
Have full control of your business
Employees feel motivated
Less risk compared to external growth
2
Q
Examples of organic growth
A
Opening new stores
Launching new products
Employing new workers
Increasing productivity capacity
Investing into new technology
Launching products into a new market
3
Q
Examples of organic growth
A
Opening new stores
Launching new products
Employing new workers
Increasing productivity capacity
Investing into new technology
Launching products into a new market
4
Q
Disadvantages of organic growth
A
Growth can be slower and limit speed of market expansion
Hard to build market share if business is already a leader
