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The main components of the Growth Strategy Toolbox can vary depending on the specific business and its growth strategies. However, generally, it includes tools for market analysis, competitive analysis, customer segmentation, product development, marketing and sales strategies, and performance metrics. It may also include tools for innovation and diversification strategies, financial analysis, and risk management.
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So how could a tech product company like Apple use these tools? A product line with high market growth and high market share is the company's star product. In Apple's case, this would be the iPhone. A product with high market growth but low relative market share is a question mark. In Apple's case, this could be its upcoming augmented and virtual reality headset.
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Has your business growth reached a plateau? Use our Growth Strategy Toolbox to test, execute, and share new growth strategies across the team. Compani...
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