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HomeHomework Helpbusiness-managementScaling Strategies

Scaling Strategies

The approaches and techniques used to manage and adjust computing resources in response to changing workload demands, including predictive scaling, reactive scaling, and auto scaling, to ensure application resilience and responsiveness

intermediate
3 hours
Business Management
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Overview

Scaling strategies are essential for businesses looking to grow and expand their operations. Understanding the different types of scaling, such as vertical and horizontal, helps businesses choose the right approach based on their goals and market conditions. However, scaling comes with challenges, i...

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Key Terms

Scaling
The process of increasing a business's capacity to grow.

Example: A startup scaling its operations to meet increased demand.

Vertical Scaling
Increasing capacity within the same market.

Example: A restaurant adding more tables to serve more customers.

Horizontal Scaling
Expanding into new markets or locations.

Example: A coffee shop opening new branches in different cities.

Market Penetration
Increasing market share within existing markets.

Example: A smartphone company offering discounts to attract more customers.

Resource Allocation
Distributing available resources effectively.

Example: Allocating budget for marketing during a product launch.

Operational Efficiency
Maximizing output while minimizing input.

Example: Streamlining production processes to reduce costs.

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Key Concepts

GrowthEfficiencyMarket ExpansionResource Management