Question

In a short paragraph, explain why organizations repeatedly use growth as a key strategy? You can submit as a text entry or a Word document.

Answer 1

Organizations repeatedly use growth as a key strategy because it promises it promises greater economies of scale, augmented reputation, swift entry into markets, achievement of synergies, increased market power, and higher salaries for top management. It can energize an organisation by interjecting new ideas, people, and culture. It can also reposition an organisation to take advantage of new opportunities and changing markets.