The pressure from the current economic environment is real in all companies, including those that are profitable. Today, the world continually changes, regardless of its regulatory impediments, geopolitical risks, increased competition, or new technology.
Unfortunately, many companies find themselves in unplanned situations, which are often difficult to reverse. A proactive approach to confronting the challenges of business is the best way to avoid this fate. In this way, you can spend the time preparing your strategy for growth, whether acquisition or divestment, rather than hastily deciding or naively hoping for the best. Since you cannot regulate macroeconomic conditions, thriving businesses cannot allow the market to determine its course, but instead, it has to foresee change and formulate their growth policies.
Many companies currently struggling may need to consider their growth choices and consider doing something different. It could lead to increased organic growth, reduced costs, market abandonment, or pursuit of …