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What is a Management Dashboard?
The term Management Dashboard defines a wide range of data reporting and visualization tools or dashboards that allow using various performance & efficiency measures to report on an enterprise’s ability to organize and coordinate its activities in accordance with certain policies and in achievement of pre-determined objectives. What is a Management Dashboard?
 
 
 
 
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Money Management Action Plan

In this Money Management Action Plan you can read a range of tips and suggestions that will help you manage your money in an effective manner.

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Home » Solutions » Articles » Concentrated Growth Strategy
Concentrated Growth Strategy  

Concentrated Growth Strategy



 
 

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Business management software
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VIP Task Manager
Task management software
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All Travel Checklists

new CentriQS -15% OFF
Business management software
for small & midsize enterprises

Play Demo

VIP Task Manager
Task management software
for teams & small offices
Play Demo / Download

Each successful business one day faces the question - what strategy of development should be accepted to ensure further growth. There are several concentrated growth strategies which focus on increasing of the market share in existing markets, attracting of new customers and winning competitor's customers. In a stable market environment where demand is growing, concentrated growth is a low risk strategy. The main types of concentrated growth strategies are:

  • Strategy of the strengthening of company positions within the market . This strategy means that the enterprise does everything to win best positions for certain product within certain market. For realization of this strategy the massive marketing efforts are required. Besides this strategy often supposes the "horizontal integration" which means that company aims to establish the control over the competitors.
  • Strategy of the market development which means exploration of the new markets for already existing product.
  • Strategy of the product development which solves a problem of growth by creating of new product and selling it on already mastered market.
Concentrated Growth Strategy
All these strategies require proper elaboration and specialization according to company specifics, business and market circumstances. This is a hard work which should be performed by marketing and sales professionals of the company. This work requires marketing researches, analyses of internal company sales information, analyses of competitors' business and much more. Special business software which is intended for team collaboration and business process management can facilitate the labor within sales/marketing department.

VIP Task Manager ensures following capabilities:

  • Sales planning, task planning, time planning
  • Assigning of sales plans, tasks and business processes to employees
  • Reporting and tracking of sales plans, tasks and business processes
  • Real time collaboration within one database
  • Instant e-mail and in-system notifications
  • Documents, client requests, files, links sharing and management
  • Customizable task attributes and workflows
  • Task Tree, Task List and Scheduler (Calendar) modes
  • Access rights management
  • Free server application
  • Charts, reports, data import/export

Read also a new article about process management - project management client-server software for Windows

     

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new CentriQS -15% OFF
Business management software
for small & midsize enterprises

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VIP Task Manager
Task management software
for teams & small offices
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