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Companies today should have plans to grow their businesses while increasing sales and profits, but there is more than one way to do this. Some growth strategies include market penetration, market development, product development, diversification and even acquisitions. But all of these strategies require a full understanding of how a business is currently performing and then identifying the right strategy to move forward. This is because a growth strategy involves more than simply envisioning long-term success. If you don’t have a tangible plan and an approach method your chances of success dim
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