FINALS (Finman) Flashcards


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1

According to Gino Chirio, executive vice president at the consultancy group Maddock Douglas,

there are six (6) ways that companies can grow their business to drive real growth and expansion:

  1. New processes:
  2. New experiences:
  3. New features:
  4. New customers:
  5. New offerings:
  6. New models:

2

Boost margins by cutting costs.

New processes:

3

Connect with customers in powerful ways to help increase retention.

New experiences

4

Provide advancements to your existing product or service.

New features:

5

Expand into new markets, or find markets where your product addresses a different need.

New customers

6

Offer a new product.

New offerings:

7

Utilize new business models, such as subscription-based services, fee-for-service, or advertising-based models.

...