article thumbnail

4 Proven Growth Strategies for Small Business Owners

Strategy Driven

Determine Your Market Penetration Strategy. This is where your market strategy becomes important. This is where your market strategy becomes important. How do you intend to penetrate the market? Is your product different from the others in the market? If so, how? Increase Your Product Line.

article thumbnail

Market Power Versus Brute Force

Innovation Excellence

Pushing too hard? Rushing to hit short-term numbers or an over-caffeinated executive can force some costly mistakes. Continue reading →

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

How to Maximize Your Small Business Success

Strategy Driven

To increase your visibility and draw in more customers, it’s therefore a crucial part of a small business’s strategy to plan marketing campaigns aimed at encouraging repeat customers and enticing new clients. Successful companies aren’t just good at what they do: they’re good at telling the world they’re good at what they do.

article thumbnail

Experimenting 100 innovative solutions over 20 countries in Africa

Innovation Excellence

Another is in the market, by developing a relationship with the people working in a business unit in the area of expertise of the entrepreneur. Ross: “Thank you for that – I think more entrepreneurs should look into APIs available in their local markets to help create value for their startup ideas.

article thumbnail

The New Agents of Market Penetrations

Harvard Business Review

Kenyan groups understand frugal engineering suitable for the local market and are carefully adapting mobile technologies with African flavors. Also, it is a cost-efficient path to enter new markets, especially for embedded systems and educational computer aided design firms. Using students to create new markets is not new.

article thumbnail

Structure Sales Compensation Plans That Can Fire Up Your Employees

HR Digest

Examples of business objectives can include market expansion, revenue growth, cost reductions or optimization, product development, etc. Define Overall Business Objectives Define the company goals in terms of numbers as well as value additions and qualitative performance indicators that matter to the company.

article thumbnail

Women Are Africa's Big Opportunity

Harvard Business Review

Zambia's government, too, is finding that women are a lever to growth, prosperity, market penetration, reputation and sustainability. This makes for a number of chieftainesses in a country of complexity and variety. It's a society where men have accepted that women can exercise power.