Expansion is essential to a business’s long term sustainability. It facilitates the acquisition of assets, attracts new talent, and finances investments. It also influences performance and profit in the company. For business, innovation is an essential entrepreneurial feature. It is not adequate to provide only economic goods and services for the enterprise; it must offer better and more economical ones. It is not vital for a business to grow bigger, but it needs to grow better every day. Expansion & Innovation in a business may help in following ways:-
- It helps you to raise your firm’s productivity.
- Competitive advantage over rivals.
- Attracts more customers.
- Greater market dominance.
- Ability to attract new talent & staff.
