CALVINDOL
VIP Contributor
Expansion is definitely one of the goals majority of business owners and business managers have towards their business. When a business expands, it's definitely proved that the business organisation is doing well and is totally healthy in all form of ways. Business productivity as well as lucrativity abound to diversify when the business expands. However below and detailed reasons why expansion should be one of the goals of businesses.
* Greater sustainability: when a business expands it totally improve its sustainability and lucrativity to yield more business output and more business income, also the business organisation is more likely to accommodate as well as sustain the he needs and wants of members of the public due to its selling and rendering of all kind of products and services.
* Ability to reduce competition threat: competition threats is more affected by small-scale businesses, however when is small-scale business expands into a large-scale business it is more likely to be affected by competition threats, as it is now able to fill in the gap of unfamiliarity and unrecognizability by members of the public.
* Increase brand image: when a particular business organisation who was initially a small-scale business expands into a larger-scale business, the business brands are more likely to be noticed by members of the public, as it is able to the more efficient in new brands product production's. Think about it, all familiar brands we know about are all large and expanded businesses, some of which include: Gucci adidas, Nike, Versace, and KFC chicken etc.
* Greater sustainability: when a business expands it totally improve its sustainability and lucrativity to yield more business output and more business income, also the business organisation is more likely to accommodate as well as sustain the he needs and wants of members of the public due to its selling and rendering of all kind of products and services.
* Ability to reduce competition threat: competition threats is more affected by small-scale businesses, however when is small-scale business expands into a large-scale business it is more likely to be affected by competition threats, as it is now able to fill in the gap of unfamiliarity and unrecognizability by members of the public.
* Increase brand image: when a particular business organisation who was initially a small-scale business expands into a larger-scale business, the business brands are more likely to be noticed by members of the public, as it is able to the more efficient in new brands product production's. Think about it, all familiar brands we know about are all large and expanded businesses, some of which include: Gucci adidas, Nike, Versace, and KFC chicken etc.