What is a business growth analysis?
Business growth analysis is a type of analysis that is carried out on business with the aim or purpose of identifying the growth formula of the business. Analysis of business growth reveals all existing needs in society that will require work for stronger growth. These needs will be solved by applying targeted business solutions in concentration areas to help stimulate better growth. This analysis examines various units of business, such as the product offered by the company, marketing techniques, environmental studies, human resources, customer service procedures, consumer studies and competition. 6 The purpose is to identify any defects in the product, the quality of the product in relation to other products in similar categories, and the need to shine any shortcomings. Marketing technology analysis as part of a business analysis includes the study of methods used by companies to promote its products. The aim is to find out how effective these methods are and to issue any necessary recommendations.
Another factor involved in the analysis of business growth is the study of consumers and consumer trends in relation to products and services offered by the company. Consumer studies include the study of different groups that may be interested in different products offered by the company. For example, if a company sells men focused on men in general with different subjects for adolescent boys and adults, consumer study will be divided into a study of the behavior of both groups. The study could ask about shopping habits and habits of both groups. He may also ask about the type of advertising every group likes. This is a type of questions to be answered during the growth analysis of business.
Studies of Growth Growth Analysis cannot be completed without a competition of competition. This is because competition activities have the ability to influence the growth of business. If competition sells better product quality, it will affect business growthother companies selling similar items. If the competition is marketing and promotes better, it will also affect the business growth of other companies in the same category.