Growing Up
As many Americans prove daily, it is easier to grow wider than it is taller. Silicon Strategies Marketing is currently consulting with a company that has a fairly wide reach in their market, which is the foundational side of their industry. They serve companies at the middleman and retail level, and on a regional basis are fairly dominant, though they have both room for improvement and the option of growing geographically. Their other option is to go vertical, to begin competing with their existing customers and earn money they otherwise help their customers earn. The trade-off for companies in such positions is complex. To grow, a company needs to provide new value and by doing so attract new customers. Or they need to gather more customers of the type they currently serve, which typically involves taking them from competitors. The last option is to find ways of making money by … Continue reading →