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4 Proven Growth Strategies for Small Business Owners

Strategy Driven

Determine Your Market Penetration Strategy. For example, it may be that your product works better and faster than others in the market. That, right there, is how you position your product and penetrate that market. So, find your market penetration angle and run with it. Increase Your Product Line.

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Structure Sales Compensation Plans That Can Fire Up Your Employees

HR Digest

Choose sales compensation systems that suit your company. With such investments in compensation systems, it is useful to design a comp plan that actually motivates employees and brings in revenue for employers. Having a clear idea of the plan is necessary to decide how to build the rest of the system around it.

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The Mylan EpiPen Debacle: How Tremendous Greed Can Lead to the Demise of a Leader

N2Growth Blog

Through shrewd marketing efforts, failed competitors and helpful legislation (which requires its availability at public schools), Mylan has cornered the market on this allergy medication. The firm is not responsible for its EpiPen pricing model, rather, Mylan is a victim of a failed Health Care system.

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The New Agents of Market Penetrations

Harvard Business Review

Also, it is a cost-efficient path to enter new markets, especially for embedded systems and educational computer aided design firms. Using students to create new markets is not new. This student mobility is an opportunity to accelerate technology diffusion to the developing world.

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Who Owns Your Customer Relationships: Your Salespeople or Your Company?

Harvard Business Review

Finance puts the systems in place to track the money coming in. Marketing designs the promotional campaign. With seemingly unbounded opportunity, salespeople work hard to build relationships and create a book of business that drives their future financial success and creates fast market penetration for the company.

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Throw Your Life a Curve

Harvard Business Review

Our view of the world is powered by personal algorithms: observing how all of the component pieces (and people) that make up our personal social system interact, and looking for patterns to predict what will happen next. When systems behave linearly and react immediately, we tend to be fairly accurate with our forecasts.

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Megastores Want to Be Like Mom-and-Pop Shops… Sort Of

Harvard Business Review

To protect their advantage, forward-thinking national chains are combining their brand recognition and market penetration with a local approach. These channels connect local shoppers with topics relevant to the community and to the specific store, in addition to supporting system-wide marketing efforts.

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