aarushi mehtaKnowledge Contributor
How expansion strategy is different from stability strategy.
How expansion strategy is different from stability strategy.
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Expansion strategy involves actively seeking growth opportunities, such as entering new markets, introducing new products or services, or acquiring other businesses. It often entails taking calculated risks to increase market share, revenue, and profitability. On the other hand, stability strategy focuses on maintaining current operations and market position without significant changes. It prioritizes stability and efficiency over growth, aiming to sustain existing levels of performance and profitability while minimizing risks.