Please answer the following questions regarding business management. Provide at least 300 words in the solution.
What is the difference between internal and external growth strategies? What staffing problems do each of these present?© BrainMass Inc. brainmass.com March 4, 2021, 11:58 pm ad1c9bdddf
Problem: What is the difference between internal and external growth strategies? What staffing problems do each of these present?
Internal growth strategies focus on expanding processes from inside the company. Examples would be adding departments, adding product lines, expanding divisions to accommodate new growth and the potential for continual increased business processes. The internal processes focus on strategic planning that expands the core operating activities. Many companies who focus on internal strategies typically include other components into the ...
The solution provides a detailed discussion explaining the difference between internal and external growth strategies and the staffing problems that each of these present. The explanation is given in 318 words.