Question
Our text outlined many characteristics and attributes of high organic growth (HOG) companies. In our second assignment, you will explain how you can leverage this
Our text outlined many characteristics and attributes of high organic growth (HOG) companies. In our second assignment, you will explain how you can leverage this concept to build a growth system that is best for your business. Instructions: Adding to your paper in Unit 1, consider the characteristics and attributes of HOG companies, along with a good growth system for your business. Then, answer the following two questions. 1. Explain how high organic growth (HOG) companies achieve their results. Choose two of the characteristics and attributes of HOG companies that can be applied to your business. How will this impact your business? 2. Describe one growth system that you will leverage for your business. How will you make and build that system?
First paper is listed below:
Greater Phone is a cellphone company that strives to give its users the best experience. For many individuals worldwide, cell phones have turned into a necessity. Cell phones are becoming more and more important due to their capacity to connect with loved ones, colleagues, and clients, as well as their convenience for emails. With a phone, its easier to keep in touch with people and conduct business.
With today's constantly developing technology and innovation in mobile phone improvement, the market for cell phones is expanding extremely quickly. Everyone wants to stay up with the latest technologies. Greater Phone will continue to grow for many reasons. One reason our business should grow is that we have a lot of choices for size and performance. We have these choices for everyone's budget. Another reason we should grow is that the batteries we have in our phones provide a very long battery life. Having a good battery will allow you to do everything you love on your phone without having to charge it ten times a day.
There are many opportunities for growth in the cellphone industry. One advantage for the cellphone industry is that cell phones will not be going anywhere any time soon. According to Wheelwright," In the US, up to 47% of us would say we're "addicted" to our cell phones" (Wheelwright, 2022). We are very attached to our phones for the right reasons. If it weren't for phones, many companies would not be able to conduct business accordingly or efficiently. Another advantage for growth in the cellphone industry is technology. as technology advances, phones will get better in every aspect. This will keep the customers coming. One potential disadvantage to the cellphone industry's growth is that many established brands exist. Established brands mean it is hard to gain market share. Another disadvantage would be getting your phone on display in stores like AT&T, Verizon, T-Mobile, Target, and Walmart. It's hard to gain new customers when your device is not being shown.
The Greater Phone is a growing company in the cellphone industry. We offer great prices and devices. As time goes on, we will only improve and bring new features to our devices. Our goal is to provide customers with a reliable phone. More now than ever, your phone is important.
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