Which growth strategies for a business do you feel are most risky? Which are least risky? What role do you think risk should play in a company's choice of a particular growth strategy? Try to do it for food truck or on any business
Acquisition and Merger are most risky growth strategies. Least risky are new markets and new products.
For food truck business, a company should implement new markets. This choice is not only least risky but is easy to execute. A food truck business can explore areas suitable for food trucking business. For example, shopping centers, sports stadiums or small business parking lots. This way the company can add more customers to its customer base leading to higher profits.
Mar 4th, 2015
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