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Market Expansion: Three Approaches for Companies Looking to Grow

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Harvard Business Review outlined a matrix to evaluate new markets for possible expansion. Briefly, the matrix ranks three metrics: The size of a new market compared to other markets. We’re bringing competition into the market ,” Mike Sievert, T-Mobile’s CEO, said during an earnings call in August.

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Market Expansion: Three Approaches for Companies Looking to Grow

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Factors to consider when evaluating expansion potential Harvard Business Review outlined a matrix to evaluate new markets for possible expansion. Briefly, the matrix ranks three metrics: The size of a new market compared to other markets. Sources: Thomson Financial and the Institute for Mergers, Acquisitions and Alliances.

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The Expert Guide to Creating a Marketing Growth Strategy

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To say the business landscape is competitive is an understatement. The Ansoff Matrix , named for its strategist creator Igor Ansoff, can be a helpful tool as you evaluate growth opportunities. Companies can acquire competitors’ products or technology to enhance their offering within the market they already serve. Acquisitions.