MGT602 IDEA SOLUTION BY BINISH AWAIS
DON'T COPY PLZ J
ITS JUST AN IDEA DEAR
Solution:
As being the new beginner I don't have much capital to support the organic growth like strategy
Suggested strategy : by Binish Awais
so I ll prefer to adopt the external growth strategy
I ll suggest and adopt "external growth strategy" because
The advantages of the external growth strategy are much greater than the disadvantages a very significant advantage is that by mean of external growth strategy the cost structure is also easy to control during a growth process . on the other hand the external growth easirer sustaining or organizational effectiveness more over the external growth allows strict focus on the firm ' further development of their own core competencies one of the more significant reason for preferring an external growth strategy is the lesser need for the addition working capital. Finally be means of external growth strategy it is possible to retain the internal organizational stability and thus control the quality of processes quiet differently from the situation in normal organizational growth.
I ll refuse to adopt the organic growth strategy due to :
Organic growth referes to the process of opening new outlets. The speed of organic expansion is normally slow . but can be extremely rapid if finance is available. In many cases extra share rights can be organizes . so that lum sum is available for new properties.
The growth of most large multiples can be categorizes as falling into one of two types of organic growth the first has been labeled hierarchical diffusion . this refres to strategy of opening new stores in the largest towns and cities only hence working systematical down the retail hierarchy this is also often coupled with the systematic regional development that is perhaps choosing a particular town from a number of similar option available
Organic growth may be the cheapest option in the short term but this can be a slow growth method in this day of global corporate power. It may also be difficult in more competitive markets
Refrences :Retail geography and intelligent network planning
By Mark Birkin, Graham Clarke, Martin Clarke
Entrepreneurship in a European Perspective: Concepts for the Creation and ...By Christine K. Volkmann, Kim Oliver Tokarski, Marc Grhttp://books.google.com.pk/books?id=ifYtmG_McjgC&pg=PA384&dq="external+growth+strategy"&hl=en&ei=tPLlTaK_IIfIswa36riMCA&sa=X&oi=book_result&ct=result&resnum=
Advances in interdisciplinary European entrepreneurship research, Volume 2 By Dodo zu Knyphausen-Aufsess
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