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...
Key Terms
Example: A startup scaling its operations to meet increased demand.
Example: A restaurant adding more tables to serve more customers.
Example: A coffee shop opening new branches in different cities.
Example: A smartphone company offering discounts to attract more customers.
Example: Allocating budget for marketing during a product launch.
Example: Streamlining production processes to reduce costs.