Jul 30, 2022
In Fashion Forum
The acquisition growth strategy can be risky, but it is still not as risky as a diversification strategy . One of the reasons is that the products are already established in the market, so it is safer to play. A key step before carrying out this strategy is to know exactly what you want to achieve with it and what benefits the acquisition of the new company will bring, since it is an important investment and you have to know how to execute it and if it is worth it. the sorrow. You may also be interested in: Latest Growth Hacking Trends Why is a good Growth Hacking strategy important? In view of the Growth Strategy, we want to give you 5 keys so that you can carry out your strategy and finish establishing the concrete actions that will generate rapid growth in your company. 1/ ANALYZE THE ENVIRONMENT IN YOUR SECTOR The first step is to focus on assessing the current situation in our market sector and in our company in particular: what strategies are already being used, what are the areas to be strengthened and which ones are already giving good performance and results. Sit down with all the parties involved in your whatsapp list company and explain that you are going to start using more aggressive techniques but that they will get better results. Plan your strategy with firmness and conviction ; Those who have followed traditional marketing formulas their entire careers may see your methods as somewhat risky, but give them examples of cases where it has worked and been successful and focus on how you can extrapolate those cases to your particular interest in the company. What should you analyze? Strategies currently in use. On what dates have they been applied? Which have been the results. What are the business forecasts. What growth hacking tools to use Knowing the current situation will help you better determine goals and help you compare results. DEFINE OBJECTIVES: HOW TO DO IT INTELLIGENTLY As in any strategy, the definition of objectives to be addressed in order to know where you are going is essential. Of course, your results can be much better when you learn to define smart goals , that is, they have to meet a series of characteristics; be specific, measurable, achievable, realistic and time-bound. Specific: you must specify the goal as much as possible to be able to identify what you want to achieve.