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Learning Objectives
Explore strategic innovation as a growth strategy. Discuss intensive growth strategiesgrowing within the current market Explain integrative growth strategiesgrowing within the industry Examine diversification growth strategiesgrowing outside the industry Consider growing by going global
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Figure 18.1: Characteristics of the 2006 Inc. 500 Rapidly Growing Private Companies
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Growth Strategies
Intensive growth strategies Exploit opportunity in the current market Integrative growth strategies Exploit growth within the industry as a whole Diversification strategies Exploit opportunities outside the current market/industry Global strategies Exploit opportunities in the international arena
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Strategic Innovation
New concepts are not generally attractive to established companies in the early stages because It breaks the mold The early markets are generally small with low margins Large companies typically wait to see how the new model fares in the market and then they either change their model or attempt to acquire the entrepreneurs company.
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