A growth strategy is a plan of action designed to help businesses capture a larger market share, even if it comes with short-term profit. The type of growth strategy a company implements will depend heavily on factors such as their finances, target market, and the industry they occupy.
3EA understands the importance of not just dynamic growth but a sustainable growth strategy that drive companies to not only dominate their markets but also expand their geography and market share. There are prominently two major levers of business growth – internal growth strategy which includes strategies like market penetration, market development, product development and diversification strategy; followed by the external growth strategy which encompasses strategies like mergers, acquisitions, and joint ventures.
At 3EA, we help businesses evaluate potential opportunities for growth. We understand that achieving growth is not about relying on any single growth strategy, but a combination of several strategies.
We at 3EA view growth in context of focus-expand-redefine cycle and develop the growth strategies for our clients keeping in mind the requirement of both the external and internal strategies. The strategies developed by us have a strong focus on the competition, differentiated capabilities, and leadership economics. Our strategies help companies expand from a strong core into adjacencies by applying different formula suitable for different business environments, be it legal or political. We also redefine the tactics for the companies in case of any market turbulence or stagnation.
At 3EA, we provide a just appropriate mix of growth for each company because, for us the growth of our clients is our growth.